Gold Price In India, Jan 31: 22k/100 Grams Yellow Metal Rallies By Rs 12,000

Gold price today hit record high in India amid soaring US tariff apprehensions as investors are looking forward to crucial inflation report scheduled to be released later in the day for more cues. Also, yellow metal prices are also set for their best month in less than a year since March 2024 as traders flocked to safe-haven metal. 24K gold price today in India surged by Rs 1310 to Rs 84,330/10 grams while 100 grams of 24k precious metal prices zoomed by Rs 13,100 to Rs 8,43,300 on Friday.

Meanwhile, 22k gold price today surged by Rs 1200 to Rs 77,300/10 grams and 100 grams of 22k yellow metal prices edged higher by Rs 12,000 to Rs 7,73,000.

18K gold prices today recorded a sharp gain of Rs 980 to retail at Rs 63,250/10 grams and 100 grams of 18k precious metal rates soared by Rs 9,800 to Rs 6,32,500. 1 gram gold price today for 22 carat rose by Rs 120 to Rs 7730 while 1 gram gold rate today for 24k stood at Rs 8433 after gain of Rs 131. And, 1 gram yellow metal today for 18 carat is selling for Rs 6,325, according to Goodreturns.in.

Spot Gold Prices Today

Spot gold stayed unchanged at $2,793.84 per ounce, by 0535 GMT, jumped over 6% this month. Earlier in the day, yellow metal prices touched an all-time high of $2,799.71. Spot silver declined 0.8% to $31.42 per ounce, palladium slipped 0.5% to $984.35, and platinum surged 0.2% to $968.40, according to Reuters.

Gold Prices Outlook

According to Amit Gupta of Kedia Advisory, “Gold prices continue their consolidative movement, holding near recent highs, as traders remain uncertain about future moves. While the Fed’s hawkish stance is a drag on gold, sliding US Treasury yields are providing support to the metal. The USD is capped by the weakening bond yields, contributing to the upside bias for gold. Market sentiment is further influenced by concerns over President Trump’s tariff plans and his call for lower interest rates. Gold is benefiting from these factors, although Fed policy continues to limit its potential for further gains. Investors are closely watching upcoming economic data for clearer direction.”

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities “gold traded positively with a ₹250 premium, while Comex remained flat as budget-driven premiums were observed in MCX gold, anticipating potential duty changes. If no changes occur, the premium may reduce on Budget day. The expected range for gold is ₹80,500-₹83,000, excluding any duty-related adjustments.”

22k Gold Price In Last 5-Days In India (for 1 gram)

1 gram of 22k gold price in India today surged by Rs 120, jumped by Rs 15 on January 30, rose by Rs 85 on January 29, fell by Rs 30 on January 28, and declined by Rs 15 on January 27.

Reuters reported, “repeated tariff threats have fuelled safe-haven flows into gold… any downside surprise in the inflation reading could suggest greater policy flexibility for the Fed, potentially bringing forward rate-cut expectations and providing further support for gold,” IG market strategist Yeap Jun Rong said.

Silver Prices Today In India

Silver price in India today witnessed surge. 1 kg silver price today stood at Rs 99,500 after gain of Rs 1000. Meanwhile, 100 grams silver rates today surged by Rs 100 to Rs 9,950.

1kg Silver price in India in last 5-days

1 kg silver prices in India today rose by Rs 1000, zoomed by Rs 2000 on January 30, stayed flat on January 29 and January 28, and edged lower by Rs 1000 on January 27.

1 Gram gold rate today In key metropolitan cities and states of India on Jan 31, 2025

City	22k Gold Price Per Gram
Chennai Gold Price Today	22 carat gold rate is Rs 7,730
Mumbai Gold Price Today	22K gold price is Rs 7,730
Delhi Gold Rate Today	22K yellow metal price is Rs 7,745
Kolkata Gold Price Today	22 carat gold price is Rs 7,730
Bangalore Gold Price Today	22K gold rate is Rs 7,730
Hyderabad Gold Prices Today	22 carat gold rate is Rs 7,730
Kerala Gold Prices Today	22 carat gold rate is Rs 7,730
Gold Price In Lucknow Today	22 carat gold price is Rs 7,745
Patna Gold Rate Today	22k precious metal price is Rs 7,735

(Gold price figures source: Goodreturns.in)

Disclaimer

The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.