Gold Price Breakdown: What 18K, 22K, And 24K Costs Today In India?

Gold prices in India's domestic market remained steady on Thursday, January 23, following Trump's oath-taking ceremony. In the face of changing global trade dynamics and the strength of the rupee, Gold in Comex saw a sharp decline, falling $9.90 to trade over $2,761, or 0.36%.

Gold Rates In India Today

Today's gold prices in India are Rs 8,209 per gramme for 24-carat gold and Rs 7,525 per gramme for 22-carat gold. While the price of 22k of 100 grams of gold remained constant at Rs 7,52,500 on Thursday, the price of 22k of 10 grams of gold would cost Rs 75,250, which is a stable price compared to yesterday.

In comparison to yesterday, the price of 24k of 10 grams of gold in India would remain unchanged at Rs 82,090, while the price of 24k of 100 grams of gold on Thursday remained stable at Rs 8,20,900.

10 grams of 18k of gold price in India today was stable at Rs 61,570 whereas 100 grams of 18k price of gold in India on Thursday was stable at Rs 6,15,700.

Silver Price In India Today

On Thursday, January 23, silver prices in India were trading steadily in comparison to yesterday's pricing as traders contemplated the potential effects of President Donald Trump's recent tariff threats against China and the European Union on the global economy. Today, silver costs Rs 96.50 per gramme and Rs 96,500 per kilogramme in India. In India, the price of 10 grams of silver remained steady at Rs 965 today, while the price of 100 grams of silver remained steady at Rs 9,650 on Thursday.

Spot Gold Today

On Thursday, spot gold fell 0.1% to $2,751.87 an ounce at 0307 GMT, easing from a nearly three-month high. Wednesday's rise in price to $2,763.43 was the highest since a record high of $2,790.15 on October 31. Reuters reports that U.S. gold futures fell 0.3% to $2,761.70. Platinum fell 0.5% to $941.50 per ounce, while spot silver fell 0.5% to $30.63. At $977.34, palladium remained stable.

MCX Gold Outlook Today

" MCX Gold sustained its positive momentum for the second consecutive session and formed a bullish candle on the daily chart. The commodity established a base around the 78500-79000 levels and witnessed strong lower-level buying, signaling a continuation of the uptrend, with prices likely to advance toward the 79800/80200 levels. Moreover, the momentum indicator RSI registered a positive crossover above the signal line and maintained strength above 60, reinforcing the bullish bias. On the downside, immediate support is identified at 79280/78750 levels. Traders are advised to maintain tight stop losses, as MCX Gold is trading in a critical zone that could experience heightened volatility," commented the technical research analysts of Way2Wealth Brokers Pvt. Ltd.

Gold & Silver Price Outlook Today

"Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day, as traders considered the impact President Donald Trump's latest tariff threats against China and the European Union could have on the global economy," commented Nirmal Bang Securities Pvt. Ltd in a note.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns. in advises users to consult with certified experts before making any investment decision.

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