Gold Price In India Today, 6th Jan: Stable, Rising, or Falling? Check Today's Rates

Gold prices in the domestic market remained stable on Monday, January 6, as investors anticipated a plethora of U.S. economic data, including the December nonfarm payrolls report, for more clues on the Federal Reserve's interest rate stance. This was helped by a weaker dollar. Although the 27% gain in 2024 was the strongest rally since 2010, the World Gold Council predicts that growth and inflation would restrain rising prices in 2025.

Gold Rates In India Today

In India, the current price of gold is Rs 7,871 per gramme for 24 carat gold and Rs 7,215 per gramme for 22 carat gold. The price of 22k of 10 grams of gold remained constant at Rs 72,150, while the price of 22k of 100 grams of gold in India today is Rs 7,21,500. While 24k of 100 grams of gold would cost Rs 7,87,100 in India today, the price of 24k of 10 grams of gold remained stable at Rs 78,710 on Monday.

On Monday, 18k of 10 grams of gold would cost Rs 59,030, while the price of 18k of 100 grams of gold remained stable at Rs 5,90,300 in India.

Spot Gold Today

While investors awaited a plethora of U.S. economic data, including the December nonfarm payrolls report, gold prices remained unchanged on Monday. By 0510 GMT, spot gold remained trading at $2,635.39 an ounce, while U.S. gold futures fell 0.2% to $2,646.80, according to Reuters. Palladium dropped 0.4% to $918.22, platinum dropped 0.7% to $931.30, while spot silver dropped 0.2% to $29.57 an ounce.

Silver Rates Today In India

Silver prices in India were stable on Monday, January 6, after Friday's 0.85 percent and 0.38 percent spikes in spot and MCX silver, which closed at 29.6 an ounce and Rs. 89221 kilogramme, respectively. Today, silver costs Rs 91.50 per gramme and Rs 91,500 per kilogramme in India.

Gold Price Outlook Today

"Today, gold prices are likely to trade higher supported by a softer dollar, while investors awaited a slew of U.S. economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's interest rate stance," said the research analysts of the broking firm Angel One.

Gold & Silver Price Outlook Today

"Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day, as comments from Federal Reserve officials over the weekend reinforced the view the US central bank will take a more cautious approach to cutting interest rates this year," said the research analysts of the broking firm Nirmal Bang Securities Pvt. Ltd.

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.