The price of gold has been increasing for the last few days. But on January 24, the rise of gold has stopped. The rise in gold prices has stopped today. Gold prices were seen trading in line with yesterday’s prices. But the effect of weakness in global markets was also seen on Indian markets. Therefore the price of gold started falling. Investors are now waiting for US PMI data and clarity on the new trade policy.
22 carat and 24 carat gold prices
24 carat gold is known for its purity and quality. Whereas 22 carat gold remains the first choice of jewelers due to its strength and beauty. On Friday, the price of 24 carat gold in major cities was Rs 82,080 per 10 grams and the price of 22 carat gold was Rs 75,240 per 10 grams. Gold prices were trading at record highs on Thursday.
Silver cheap?
On Friday, silver prices fell by Rs 100 to Rs 96,400 per kg. Silver prices remained stable at Rs 96,500 per kg on Thursday. Silver prices have fallen due to weak domestic demand. Gold prices hit record highs this week but remained steady on Friday. While silver prices are trading in a limited range. Weak investment demand does not allow silver prices to rise further.
gold prices fell
The effect of the ongoing activities around the world is being seen on the prices of gold and silver. Since Donald Trump became the President of America, there are ups and downs in the Indian stock market and bullion market. Where a rise in gold prices was seen in Delhi yesterday. At the same time, today a decline has been seen and silver is still trading at the same price as yesterday.
What is the price of gold today in metros?
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 75,390 | 82,240 |
| Chennai | 75,240 | 82,080 |
| Mumbai | 75,240 | 82,080 |
| Kolkata | 75,240 | 82,080 |
How is the price of gold decided?
Gold prices in India mainly depend on international market rates, import duties, taxes and fluctuations in exchange rates. On the basis of these factors, gold prices are decided across the country. In India, gold is given special respect not only for investment purposes but also because of its cultural and traditional significance. The demand for gold increases during wedding and festive seasons.
