North India Statesman
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The price of gold has been increasing for the last few days. But on January 24, the rise of gold has stopped. The increase in gold prices has stopped today. Gold prices were seen doing business according to yesterday’s prices. But the impact of weakness in global markets was also seen on Indian markets. Therefore, the price of gold started declining. Investors are now waiting for clarity on the US PMi data and new trade policy.
22 carat and 24 carat gold prices
24 carat gold is known for its purity and quality. At the same time, 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 22 carat gold was Rs 75,240 per 10 grams. Gold prices were trading at a record high on Thursday.
Silver cheap?
On Friday, silver prices fell by Rs 100 to Rs 96,400 per kg. Silver prices stabilized at Rs 96,500 per kg on Thursday. Silver prices have declined due to weak domestic demand. Gold prices reached record high this week but remained stable on Friday. While silver prices are trading within a limited range. Weak investment demand does not allow silver prices to rise further.
Gold prices fell
The impact of the ongoing activities around the world is being seen on gold and silver prices. The Indian stock market and bullion market have been seeing fluctuations since Donald Trump became President of America. Where there was a rise in gold prices in Delhi yesterday. At the same time, the decline has been seen today and silver is still trading at the price of tomorrow.
What is the price of gold in metros today?
| 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 duty, taxes and fluctuations in exchange rates. On the basis of these factors, gold prices are fixed across the country. In India, gold is given special respect not only for investment purposes, but also due to its cultural and traditional importance. The demand for gold increases in marriage and festive season.
