Today’s (22nd January) Gold and Silver rates in India
Gold becomes ₹2300 and silver ₹13,000 cheaper; know today’s latest prices: In the futures market, gold prices plummeted by more than ₹2,300 in a single trading session, while silver witnessed a massive drop of ₹13,000 per kilogram. This sudden decline has caught the attention of both investors and jewelry buyers. On the Multi Commodity Exchange (MCX), at 10:15 AM on Thursday, gold was trading at ₹149,477 per 10 grams, down 2.21 percent compared to the previous session. Silver experienced even greater pressure, falling by nearly 4 percent on the MCX to ₹305,753 per kilogram. The ₹13,000 drop in silver prices in a single day caused significant turmoil in the market.
Interestingly, over the past few days, gold and silver have been experiencing tremendous demand as safe-haven investments due to global geopolitical tensions and uncertainties. This was the reason their prices had reached record highs. However, on Thursday, a change in international sentiment led to profit-taking, which directly impacted prices.
Prices in Major Cities:
In the spot market, gold prices in the country’s major metropolitan areas remain at high levels. According to GoodReturns..
-In the capital Delhi, 24-karat gold is priced at ₹15,446 per gram, 22-karat gold at ₹14,160 per gram, and 18-karat gold at ₹11,528 per gram.
-In Mumbai and Kolkata, the price of 24-karat gold was recorded at ₹15,431 per gram, 22-karat at ₹14,145, and 18-karat gold at ₹11,573 per gram.
–Chennai saw the highest gold prices, where 24-karat gold reached ₹15,491, 22-karat ₹14,200, and 18-karat gold ₹11,850 per gram.
