This
week
has
been
exceptionally
bearish
for
the
bullion
market
as
gold
rate
in
India
fell
from
all-time
highs,
which
was
good
news
for
retail
buyers
who
were
under
massive
pressure.
Despite
the
fall,
the
24-carat
gold
price
in
India
and
the
22-carat
gold
rate
still
hovered
near
a
record,
which
was
difficult
for
gold
buyers
across
major
cities
like
Delhi,
Mumbai,
Chennai,
and
Kolkata.
However,
the
fresh
geopolitical
tension
which
arose
yesterday
between
us
and
Venezuela
is
expected
to
impact
the
global
gold
prices.
US-Venezuela
escalation
is
expected
to
be
bullish
for
gold
in
the
near
term,
mainly
through
safe‑haven
demand
and
a
weaker
dollar.
The
US,
on
Jan
3rd,
carried
out
strikes
in
Venezuela
and
captured
President
Nicolás
Maduro,
sharply
raising
geopolitical
risk
at
the
very
start
of
2026.
As
per
reports
and
expectations,
gold
is
expected
to
open
higher
on
Monday,
along
with
crude
and
silver,
when
markets
reopen,
as
the
Venezuela
raid
adds
to
an
already
strong
safe‑haven
bid;
India
will
import
at
these
higher
global
levels,
passing
through
to
MCX
and
retail
prices.
Gold
Prices
in
India
Today
On
Sunday,
the
22
karat
gold
rate
in
India
steadied
at
yesterday’s
rate
to
cost
Rs.
1,24,500
per
10
grams.
While
the
24-carat
gold
prices
today
are
at
Rs.
1,35,820
per
10
grams.
Similarly,
the
18-carat
gold
rate
today
retails
at
Rs
1,01,870.
In
a
similar
line,
the
100
grams
of
22-carat
gold
stand
at
Rs
12,45,000.
The
24-carat
gold
price
in
India
per
100
grams
is
now
retailing
at
Rs.
13,58,200.
MCX
Gold
and
Silver
Futures
Update
Trading
on
the
MCX
is
closed
on
Sunday,
so
gold
futures
prices
on
the
Multi
Commodity
Exchange
(MCX),
expected
to
mature
on
February
5,
closed
at
Rs
1,35,752.
Similarly,
silver
futures,
with
an
expiry
date
of
March
5,
settled
at
Rs
2,36,599.
City-Wise
Gold
Rates
Today
Major
metropolitan
cities
in
India,
including
Chennai,
Mumbai,
Bangalore,
and
Hyderabad,
mirrored
the
gold
rates
in
India.
Here’s
the
latest
city-wise
update
on
22-carat
and
24-carat
gold
rates
on
4th
Jan
In
Chennai,
the
24-carat
gold
rate
stands
at
Rs.
1,35,820
per
10
grams,
while
the
22-carat
gold
price
in
Chennai
is
Rs.
1,24,500
per
10
grams.
In
Bangalore,
the
gold
rate
for
24-carat
is
Rs.
1,35,820
per
10
grams,
and
the
22-carat
gold
rate
in
Bangalore
is
Rs.
1,24,500
per
10
grams.
In
Hyderabad,
the
24K
gold
price
is
Rs.
1,35,820
per
10
grams,
and
the
22K
gold
rate
in
Hyderabad
is
Rs.
1,24,500
per
10
grams.
In
Mumbai,
the
22-carat
gold
rate
is
Rs.
1,24,500
per
10
grams,
while
the
24-carat
gold
price
in
Mumbai
remains
at
Rs.
1,35,820
per
10
grams.
Silver
Price
Movement
in
India
Silver
prices
in
India
on
Sunday,
January
4th,
showed
no
major
movements,
so
1kg
of
silver
in
India
costs
Rs.2,41,000.
100g
of
silver
rates
in
India
cost
Rs
24,100.
Spot
Gold
Prices
+
Spot
Silver
Price
Today
Reuters
in
its
2nd
Jan
report
mentioned,
“Spot
gold
was
steady
at
$4,313.29
per
ounce,
as
of
01:46
p.m.
ET,
(1846
GMT),
after
rising
as
high
as
$4,402.06
earlier
in
the
session.
U.S.
gold
futures
for
February
delivery
settled
0.3%
lower
at
$4,329.6/oz.
Spot
silver
advanced
0.7%
to
$71.77/oz.”
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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or
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accuracy,
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or
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of
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content,
nor
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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