Gold Price In India Today, 15th Jan: 24K/100 Grams of Gold Rate Rally Rs 1,100; 1 Kg Silver Price Surges Rs 10

On Wednesday, January 15, gold prices in the domestic market plunged sharply in anticipation of important forthcoming events including Donald Trump's oath-taking ceremony and the U.S. CPI statistics. Gold prices remained stable throughout yesterday's session as the dollar index maintained its resilience, circling its two-year highs. In addition to the most recent US inflation data and an announcement on President-elect Donald Trump's proposed trade tariffs, market participants will be watching the US CPI data later today. These developments could have an impact on gold prices.

Gold Rates In India Today

Today's gold prices in India are Rs 8,007 per gramme for 24 carat gold and Rs 7,340 per gramme for 22 carat gold. While 22k of 100 grammes of gold prices in India on Wednesday hit Rs 7,34,000 compared to Rs 7,33,000 on Tuesday, marking a price spike of Rs 1,000, 22k of 10 grammes of gold will cost Rs 73,400 today compared to Rs 73,300 yesterday, showing a price surge of Rs 100.

Today, 24k of 10 grams of gold will cost Rs 80,070 in India, up Rs 110 from yesterday's price of Rs 79,960. Meanwhile, on Wednesday, the price of 24k of 100 grams of gold increased to Rs 8,00,700 from Rs 7,99,600 on Tuesday, up Rs 1,100.

While 18k of 100 grammes of gold prices in India on Wednesday hit Rs 6,00,600 compared to Rs 5,99,700 on Tuesday, marking a price spike of Rs 900 in a single day, 18k of 10 grammes of gold would cost Rs 60,060 today compared to Rs 59,970 yesterday, showing a price surge of Rs 90.

Spot Gold Today

According to Reuters, U.S. gold futures climbed 0.3% to $2,689.70 on Wednesday, while spot gold fell 0.1% to $2,672.76 an ounce at 0300 GMT. Palladium fell 0.3% to $935.89 per ounce, while spot silver fell 0.3% to $29.81 per ounce. At $935.92, platinum remained stable.

Silver Rates In India Today

Today, silver costs Rs 93.50 per gramme and Rs 93,500 per kilogramme in India. Ten grammes of silver will cost Rs 935 instead of Rs 925 yesterday, 100 grammes of silver will cost Rs 9,350 on Wednesday instead of Rs 9,250 on Tuesday, which represents a 100 rupee rise in the price, and one kilogramme of silver will cost Rs 93,500 today instead of Rs 92,500 yesterday, which represents a 1,000 rupee price spike in a single day.

MCX Gold Outlook Today

"On the domestic front, MCX Gold extended its sideways movement for the third consecutive session and formed a doji candlestick pattern on the daily chart. The commodity is currently hovering around its major supply levels, and a break below the doji candle low (77965) could invite further selling pressure and push the commodity towards 77700/77250 levels. However, if MCX Gold sustains above the supply range of 78200- 79000, it could advance towards 79280/79800 levels in the near term. Traders are advised to use strict stop-losses, as volatility may remain elevated due to multiple macroeconomic data releases later this week and ongoing geopolitical tensions," commented the technical research analysts of Way2Wealth Brokers Pvt. Ltd.

Gold & Silver Rates Prediction Today

"Gold and silver prices are trading mix today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day, as expectations for fewer US rate cuts this year was offset by haven demand ahead of Donald Trump's return to the White House," said the brokerage firm Nirmal Bang Securities Pvt. Ltd in a note today.

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.