Gold Rate In India Explodes On Jan 19: 24k, 22k ,18K Prices Surge as Silver Rate Today Hits Historic 3 Lac/Kg

The sharp rally in the 24k,22k gold rate in India is ongoing with no signs of stopping, as just this morning gold rates in India have become Rs. 19,100 costlier per 100 grams. It is not just the yellow metal which is surging sharply; the Underdog silver has taken everyone by surprise by crossing Rs. 3,00,000 per Kg for the first time in history today.

This sharp rise in gold prices is because of multiple global factors, with the biggest trigger is renewed tariff tensions in the US. Market sentiment turned risk-averse after U.S. President Donald Trump threatened to impose additional tariffs on European countries amid geopolitical concerns linked to Greenland.

The uncertainty in the market has caused the US dollar index to decline to a one-month low, along with a dip in the treasury yields, which made gold more preferred for buyers. Spot gold in the international market is also trading at a record level, crossing $4663 per ounce.

Gold Rate in India

As of 19th January, Monday, the 24-carat gold rate in India jumped by Rs.1910 per 10 grams to cost Rs 1,45,690 per 10 grams.
The 22-carat gold price in India rallied by Rs. 1750 per 10 grams to reach Rs.1,33,550.

In a similar manner, the 18-carat gold rates spiked by Rs 1430 per 10 grams to cost Rs.1,09,270.

Just like that,the higher weight quantities of gold also experienced the price hike. The 100 grams of 24-carat gold rate stands at Rs 14,56,900,and the 22-carat gold rate is currently at Rs 13,35,500 per 100 grams of gold.

Nirmal Bang Securities, in its report, mentioned that "Gold prices are expected to rise. One can buy at 144000 with a stop loss of 143200 for the target at 145200-146000."

Silver Rates in India Today

Silver prices in India on Monday attained a fresh peak after a big jump of Rs. 10000 per kg. On 19th January, 1kg of silver in India cost Rs. 3,05,000 after rising bt Rs.10000. While 100g of silver in India retails at Rs. 30,500.

Latest 22-Carat & 24-Carat Gold Prices Across India: City-Wise

The current gold prices for 22-carat gold and 24-carat gold in major Indian metropolitans are similar to Indian gold prices today.

Gold Price in Chennai

Gold Price in Bangalore

Gold in Price in Hyderabad

Gold Price in Mumbai

MCX Gold Price and Silver Price

Gold prices on the MCX also touched record high levels. At the time of writing, gold futures prices due to mature on February 5th,are trading 1.55% higher at Rs, 1,44,723 per 10 grams. While Silver futures, which are also maturing on March 5, spiked today, currently trading 4.23% up at Rs 2,99,934 per Kg

Spot Gold Price and Spot Silver Rate

According to a latest report by Reuters, Spot gold rose 1.5% to $4,663.37 per ounce by 0335 GMT, after scaling an all-time high of $4,689.39. U.S. gold futures for February delivery jumped 1.6% to $4,669.90 per ‌ ounce. Spot silver advanced 3.3% to $92.93 per ounce"

"Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to higher for the day; as gold and silver prices jumped to record highs as President Donald Trump's intensifying push to take over Greenland spurred fears of a damaging trade war between the US and Europe." as per IBJA report.

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