Gold Rate Today: Gold and Silver Prices in India Show Mild Upswing Amid Global Cues and Seasonal Demand
Gold Rate Today: Gold prices in India recorded a marginal rise at the beginning of the week, reflecting ongoing movements in the global bullion market and sustained inflation concerns. The upward trend has been supported by international demand, currency fluctuations, and steady buying interest within the domestic jewellery market. Investors and consumers alike are closely watching precious metal prices as economic uncertainties and seasonal demand continue to influence rates across major Indian cities.
Current Gold Price Trend in India
As per the latest available data, gold prices have edged higher across purity categories. The rate of 24 karat gold, which is considered the purest form and is mainly preferred for investment purposes, currently stands at Rs 1,41,210 per 10 grams. Meanwhile, 22 karat gold, widely used in jewellery making due to its balance of purity and durability, is priced at Rs 1,29,440 per 10 grams. The price of 18 karat gold, commonly chosen for modern and lightweight jewellery designs, has reached Rs 1,05,910 per 10 grams.
This gradual increase in prices has been largely influenced by international gold benchmarks and a softer stance in global financial markets. Persistent inflationary pressure in major economies has encouraged investors to turn towards gold as a safe-haven asset, supporting prices worldwide.
Factors Driving Gold Prices Higher
Several interconnected factors are contributing to the rise in gold prices in India. One of the primary drivers is the movement of gold prices in the international market, which directly impacts domestic rates. Additionally, fluctuations in the US Dollar exchange rate play a crucial role, as gold is traded globally in dollars. Any weakness in the currency tends to make gold more attractive for investors.
Domestic factors are also significant. With the wedding season approaching in many parts of the country, jewellery demand has shown signs of improvement. Cultural preferences and festive buying often result in increased consumption, pushing prices upward. Moreover, geopolitical uncertainties and concerns about global economic growth continue to keep gold in focus as a reliable store of value.
Silver Prices Also Edge Up
Alongside gold, silver prices in India also witnessed a slight increase on December 29. Silver is currently priced at Rs 2,509 per 10 grams, while the rate per kilogram stands at Rs 2,50,900. Industrial demand, coupled with investment interest, has helped silver maintain its upward momentum. Since silver is used extensively in electronics, solar panels, and other industries, its price often reacts to both industrial outlook and precious metal trends.
City-Wise Gold Rates Across India
Gold prices vary slightly from city to city due to factors such as local taxes, transportation costs, and regional demand. In Mumbai, Kolkata, and Bengaluru, the price of 24 karat gold remains steady at Rs 1,41,210 per 10 grams, while 22 karat gold is available at Rs 1,29,440 and 18 karat gold at Rs 1,05,910 per 10 grams.
Chennai continues to report comparatively higher prices, with 24 karat gold priced at Rs 1,41,810, 22 karat gold at Rs 1,29,990, and 18 karat gold at Rs 1,08,490 per 10 grams. In Patna, gold rates are marginally higher than the national average, with 24 karat gold priced at Rs 1,41,260, 22 karat gold at Rs 1,29,490, and 18 karat gold at Rs 1,05,960 per 10 grams.
Outlook for Investors and Buyers
Looking ahead, gold prices are expected to remain sensitive to global economic data, central bank policies, and currency movements. For investors, gold continues to serve as a hedge against inflation and market volatility. For consumers planning jewellery purchases, tracking daily price movements and city-wise variations can help in making informed decisions.
With both gold and silver showing signs of stability and gradual appreciation, precious metals remain an important part of investment portfolios and traditional buying habits in India.