Gold Rate Today In India: As of January 23, 2024, gold costs skilled variations throughout numerous cities in India. The standardised worth for 10 grams stood at roughly Rs 63,000. For a extra complete breakdown, the common 10 grams of 24-carat gold price was Rs 63,050, whereas an equal quantity of 22-carat gold price was Rs 57,800. Concurrently, the silver market demonstrated a gentle upward trajectory, reaching Rs 75,000 per kilogram.
Also Read: Budget 2024 & Financial Inclusion: Will Gold Loans Come Under Priority Sector Lending?
Gold price immediately in India: Retail gold worth on January 23
Gold Rate Today In Delhi
In Delhi, folks should spend Rs 57,950 for 10 grams of twenty-two-carat gold and Rs 63,200 for a similar quantity of 24-carat gold.
Gold Rate Today In Mumbai
In Mumbai, the current worth for 10 grams of twenty-two-carat gold is Rs 57,800, whereas an equal amount of 24-carat gold is valued at Rs 63,050.
Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 58,300, and for a similar quantity of 24-carat gold, it’s Rs 63,600.
Check gold charges immediately in numerous cities on January 23, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,850 | 63,100 |
| Gurugram | 57,950 | 63,200 |
| Kolkata | 57,800 | 63,050 |
| Lucknow | 57,950 | 63,200 |
| Bengaluru | 57,800 | 63,050 |
| Jaipur | 57,950 | 63,200 |
| Patna | 57,850 | 63,100 |
| Bhubaneshwar | 57,800 | 63,050 |
| Hyderabad | 57,800 | 63,050 |
Multi Commodity Exchange
As of January 23, 2024, gold futures set to run out on February 05 have been being traded at Rs 62,158 on the Multi Commodity Exchange. Additionally, silver futures with an expiration date of March 05, 2024, have been buying and selling at Rs 71,098.
The retail value of gold within the nation is the quantity clients pay for it. This worth is influenced by numerous components, together with the worldwide gold worth, the worth of the Rupee, and the prices related to labour and supplies used within the manufacturing of gold jewelry.
Gold is extremely necessary in India due to its cultural significance, its worth for funding, and its conventional position in weddings and festivals.
Here are a number of components that may exert affect on the value of gold:
Market Forces and Gold Valuation: The valuation of gold is predominantly influenced by the dynamics of provide and demand. If there’s a surge in public curiosity for gold, its worth tends to rise. Conversely, an extra provide of gold out there can result in a decline in its worth.
Global Economic Dynamics: The broader state of the worldwide economic system performs a major position in figuring out gold costs. During durations of financial downturn or recession, buyers typically flip to gold as a safe funding, inflicting an uptick in its worth.
Impact of Political Uncertainty: Political instability may exert appreciable affect on gold costs. Instances of uncertainty or crises in pivotal international locations or areas could drive buyers to safeguard their property by investing in gold, thereby creating heightened demand and inflicting a rise within the worth of gold.
2024 Outlook: Rs 70,000 Per 10 Grams Gold Price
(*23*)The All India Gem and Jewellery Domestic Council (GJC) not too long ago acknowledged that the prevailing international financial uncertainties and geopolitical tensions are anticipated to propel gold costs to a report excessive of Rs 70,000 per 10 grams this 12 months. This improvement positions gold as a safe funding and an efficient hedge towards inflation.
