Gold
Rate
In
India
is
at
a
new
record
today
after
surging
massively
since
the
last
three
days
and
has
registered
a
cumulative
rise
of
3800
per
10
grams
or
3%
since
the
last
correction
on
Jan
9th.
The
standard
gold,
which
is
the
22k,
is
now
becoming
increasingly
expensive
for
buyers
as
the
prices
are
surging
unstoppably.
In
just
12
months,
the
22k
gold
rate
has
jumped
by
77%
because
of
consistent
high
demand
despite
the
surge
in
pricing.
A
similar
wave
can
be
seen
in
the
international
market
as
well,
where
the
Spot
gold
prices
are
now
at
a
fresh
record
after
it
jumped
past
$4600
per
ounce
this
morning.
One
of
the
biggest
reasons
behind
this
is
the
ongoing
geopolitical
turmoil
in
Iran
after
the
recent
Venezuela
affair.
These
back-to-back
factors
are
taking
the
yellow
metal
rates
to
new
highs
as
investors
are
focusing
on
safe-haven
assets.
Gold
Rate
in
India
Today
On
12th
January,
Monday,
the
24-carat
gold
rates
in
India
spiked
by
Rs.1690
per
10
grams
to
reach
Rs.
1,42,150
per
10
grams.
Similarly,
the
22-carat
gold
price
in
India
surged
by
Rs.1550
per
10
grams,
to
retail
at
Rs.1,30,300.
Just
like
that,
the
18-carat
gold
rates
jumped
by
Rs
780
to
now
cost
Rs
72,130
per
10
grams.
In
a
similar
manner,
the
100
grams
of
24-carat
gold
rate
stands
at
Rs
14,21,150,
and
the
22-carat
gold
rate
is
currently
at
Rs
13,03,300
per
100
grams
of
gold.
Silver
prices
in
India
today
Silver
rates
in
India
on
Monday
registered
another
big
jump.
1
kg
of
silver
in
India
rose
Rs.10,000
to
cost
Rs.
2,70,000.
While
100g
of
silver
rates
in
India
retails
at
Rs.
27,000,
which
increased
by
Rs.
1000.Silver
price
In
just
the
last
two
sessions
gained
about
21000
per
kg.
Latest
22-Carat
&
24-Carat
Gold
Prices
Across
India:
City-Wise
The
current
gold
prices
for
22-carat
gold
and
24-carat
gold
in
major
Indian
metropolitans
are
similar
to
Indian
gold
prices
today.
Gold
Price
in
Chennai
As
of
January
12,
the
24-carat
gold
price
in
Chennai
stands
at
Rs.
1,43,130
per
10
grams,
while
the
22-carat
gold
price
in
Chennai
stands
at
Rs.
1,31,200
per
10
grams.
Gold
Price
in
Bangalore
As of today, the 22-carat gold rate in Bangalore stands at Rs.1,30,300 per 10 grams, whereas the 24-carat gold rate in Bangalore is Rs. 1,42,150 per 10 grams.
Gold
in
Price
in
Hyderabad
The
22K
gold
price
in
Hyderabad
is
Rs.1,30,300
per
10
grams,
while
the
24K
gold
price
in
Hyderabad
is
Rs.
1,42,150
per
10
grams.
Gold
Price
in
Mumbai
The
22-carat
gold
in
Mumbai
is
Rs.1,30,300
per
10
grams,
whereas
the
24-carat
gold
price
in
Mumbai
stands
at
Rs.
1,42,150
per
10
grams.
MCX
Gold
Price
and
Silver
Price
Gold
prices
on
the
MCX
(Multi-Commodity
Exchange)
also
scaled
record
peak
levels.
Currently,
gold
futures
prices
due
to
mature
on
February
5th,
stand
at
Rs.1,40,930
after
spiking
by
1.52%.
Silver
futures,
which
are
maturing
on
March
5,
also
surged
and
are
currently
trading
3.87%
lower
at
Rs
2,62,500
per
kg.
Spot
Gold
Price
and
Spot
Silver
Rate
According
to
a
latest
report
by
Reuters,
“Spot
gold
jumped
1.3%
to
$4,469.49
per
ounce
by
0203
GMT.
Bullion
hit
a
record
high
of
$4,600.33
earlier
in
the
day.
U.S.
gold
futures
for
February
delivery
firmed
2%
to
$4,591.10.
Spot
silver
was
up
3.5%
at
$82.72
per
ounce.”
Market
Outlook
for
Gold
Prices
in
India
A
commodity
report
from
the
India
Bullion
and
Jewellers
Association
Ltd
stated
that
“Gold
edged
higher
on
Friday
as
traders
assessed
the
US
Federal
Reserve’s
interest
rate
outlook
after
jobs
data
delivered
mixed
signals
on
the
health
of
the
world’s
largest
economy.
Bullion
was
trading
near
$4,510
an
ounce
Friday
in
New
York
following
a
monthly
payrolls
report
showed
employers
added
fewer
jobs
in
December
than
expected,
capping
a
yearlong
slowdown
in
the
labor
market.
The
unemployment
rate
edged
down
to
4.4%.
Gold
posted
a
gain
this
week,
with
traders
continuing
to
price
in
two
rate
cuts
overall
in
2026.
A
lower
interest-rate
environment
is
a
tailwind
for
precious
metals,
and
last
year’s
cuts
were
a
factor
in
bullion’s
best
annual
performance
since
1979..
In
other
precious
metals,
silver
gained
as
much
as
4.6%
Friday,
ending
a
two-day
rout”
The
report
further
stated,
“Gold
and
silver
prices
are
trading
higher
today
on
the
international
bourses.
We
expect
precious
metals
prices
on
Indian
bourses
to
trade
range-bound
to
higher
for
the
day;
as
gold
and
silver
prices
jumped
to
a
record
high
as
the
US
Justice
Department
threatened
the
Federal
Reserve
with
a
criminal
indictment,
reviving
concerns
over
its
independence,
while
intensifying
protests
in
Iran
also
kept
geopolitical
tensions
elevated.
Disclaimer:
The
views
and
recommendations
expressed
are
solely
those
of
the
individual
analysts
or
entities
and
do
not
reflect
the
views
of
Goodreturns.in
or
Greynium
Information
Technologies
Private
Limited
(together
referred
as
“we”).
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provide
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investment
advice
or
solicit
the
purchase
or
sale
of
securities.
All
information
is
provided
for
informational
and
educational
purposes
only
and
should
be
independently
verified
from
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financial
advisors
before
making
any
investment
decisions.
Credit:
Goodreturns