Gold and Silver Prices In India, January 23: Gold and silver prices in India climbed to a record high on Friday, continuing the upward momentum with a few hiccups in recent times amid geopolitical uncertainty and weakening dollars, leading investors to flock to safe-haven assets.
In Mumbai, gold prices for 24K jumped Rs 5,400 to Rs 1,59,710 per 10 grams, with the price for 22K gold standing at Rs 1,46,400 per 10 grams.
Silver, on the other hand, also zoomed Rs 15,000 to climb at a fresh record of Rs 3,40,000 per kg.
On Multi-commodity exchange (MCX), gold futures with expiry in February traded 1.19 per cent higher at Rs 1,58,194 per 10 grams. Meanwhile, silver futures with expiry in March jumped 2.59 per cent to Rs 3,35,760 per kg.
At COMEX, gold futures jumped 1 per cent to just a few points away from $5,000.00 per ounce mark. Silver futures climbed 2.45 per cent to trade the fresh high of $98.73 per ounce.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 23?
City
22K Gold (per 10gm)
24K Gold (per 10gm)
Delhi
Rs 1,46,550
Rs 1,59,860
Jaipur
Rs 1,46,550
Rs 1,59,860
Ahmedabad
Rs 1,46,450
Rs 1,59,760
Pune
Rs 1,46,450
Rs 1,59,760
Mumbai
Rs 1,46,400
Rs 1,59,710
Hyderabad
Rs 1,46,400
Rs 1,59,710
Chennai
Rs 1,46,400
Rs 1,59,710
Bengaluru
Rs 1,46,400
Rs 1,59,710
Kolkata
Rs 1,46,400
Rs 1,59,710
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
