Gold
prices
in
India
made
a
solid
comeback
after
a
brief
pause
seen
yesterday.
The
commodity
market
this
morning
experienced
a
massive
rebound
in
both
gold
and
silver
rates.
The
24k
gold
rate
in
India
today
surged
by
Rs.
5,400
per
10
grams,
breaking
past
its
previous
record
high
and
continuing
the
bullish
sentiment
in
precious
metals.
January
2026
has
turned
out
to
be
extremely
profitable
for
gold
and
silver
investors
so
far.
In
just
23
days,
gold
prices
in
India
have
jumped
14.2%,
while
silver
rates
in
India
have
rallied
an
impressive
42%
during
the
same
period.
This
unstoppable
rally
in
gold
and
silver
is
largely
because
of
cues
from
global
markets.
The
US
dollar
index
slipped
to
a
two-week
low,
pushing
investors
towards
the
precious
metals.
Additionally,
easing
geopolitical
tensions
after
the
US
President
softened
his
stance
on
the
Greenland
acquisition
issue
helped
improve
market
sentiment
and
supported
the
rebound.
According
to
CME
FedWatch,
markets
are
now
expecting
more
interest
rate
cuts
by
the
US
Federal
Reserve,
that
could
further
strengthen
gold
prices
in
the
coming
months.
Gold
Rate
in
India
today
On
23rd
January,
24-carat
gold
rates
in
India
stood
at
Rs.
1,59,710
per
10
grams
with
a
rise
of
Rs.5400,
whereas
the
22-carat
gold
rates
rose
by
Rs.4,950
to
cost
Rs.1,46,400.
In
a
similar
line,
the
18-carat
gold
rates
in
India
are
now
expensive
and
cost
Rs.
1,19,780
after
spiking
by
Rs.
4,050.
Just
like
that,
100
grams
of
24-carat
gold
retails
at
Rs.
15,97,100
with
a
rise
of
54,000
22-carat
gold
per
100
g
retails
at
Rs.
14,64,000
with
a
jump
of
Rs.
49,500,
and
18-carat
gold
per
100
grams
spiked
by
Rs.40500
to
retail
at
Rs.
11,97,800.
Silver
Prices
in
India
Today
Following
gold’s
path,
silver
rates
in
India
breached
another
record
today
by
surging
Rs.
15000
per
kg
and
currently
retailing
at
Rs.3,40,000.
Similarly,
100
grams
of
silver
cost
Rs.
34,000
after
rising
by
Rs.
1500.
MCX
Gold
and
Silver
Futures
Update
Gold
futures
on
the
Multi
Commodity
Exchange
(MCX),
set
to
be
delivered
on
February
5th,
jumped
by
1,11%
and
are
currently
trading
at
Rs.
1,58,078
per
10
grams.
Meanwhile,
silver
futures,
with
a
delivery
date
of
March
5th,
are
trading
higher
by
2.30%
at
Rs.3,34,593
per
Kg
at
the
time
of
writing,
Spot
Gold
&
Spot
Silver
Prices
in
the
International
Market
Today
According
to
KITCO,
spot
gold
is
currently
trading
around
$4954.90
per
ounce,
up
0.39
%
from
the
previous
close.
Meanwhile,
spot
silver
is
priced
at
$98.59
per
ounce
after
rising
2,26%.
“Spot
Gold
is
likely
to
trade
with
positive
bias
and
rise
towards
the
$5000
level
on
a
weak
dollar
and
softening
of
US
treasury
yields.
Further,
prices
may
move
up
on
the
expectation
of
2
more
rate
cuts
this
year..
Moreover,
concern
over
Fed
independence
and
strong
central
bank
buying
would
be
supportive
for
the
prices.
Meanwhile,
all
eyes
will
be
on
the
Bank
of
Japan
monetary
policy
meeting
and
economic
data
from
the
US,”
as
per
ICICI
Direct
Commodity
Report.
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”).
We
do
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guarantee,
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accuracy,
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or
reliability
of
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content,
nor
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we
provide
any
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
licensed
financial
advisors
before
making
any
investment
decisions.
Credit:
Goodreturns