Gold price in India on Tuesday remained steady as traders assessed the likely repercussions of the US President Donald Trump’s policies during his 2nd term post inauguration on January 20, 2025. 24-carat gold rate today stayed unchanged at Rs 81,230/10 grams and 100 grams of 24 karat gold rate today stood at Rs 8,12,300. Meanwhile, 22 carat gold rate today in the country is Rs 74,500/10 grams and 100 grams of 22 carat gold rate is Rs 7,45,000.
On the other hand, 18k gold price today steadied at Rs 61,000/10 grams and 100 grams of 18 carat precious metal prices today recorded at Rs 6,10,000. 1 gram gold rate today for 22 carat stood at Rs 7,450 and 1gm gold rate today for 24k is Rs 8,123, according to Goodreturns.in.
Will Gold Price Rise Soon?
According to Jigar Trivedi, Senior Analyst, Reliance Securities, “comex Gold has risen to $2,720/oz, continuing its upward trend amid concerns over U.S. trade policies and geopolitical tensions. The focus is on former President Trump’s potential second term, with his suggestion of 25% tariffs on Mexico and Canada raising fears of trade conflicts, which could boost demand for safe-haven assets like gold. Inflation concerns also persist, with Trump’s proposed tax cuts and spending plans possibly adding to price pressures. These factors could limit the Federal Reserve’s ability to ease monetary policy, making gold more attractive as an inflation hedge, despite possible rate hikes. Geopolitical uncertainty, including the ongoing Israel-Hamas situation, is adding to market volatility.”
Meanwhile, traders are preparing for seasonal buying ahead of China’s Lunar New Year holiday, which could provide short-term support for gold. In India, MCX Gold February futures are likely to rise to Rs. 79,500/10 gm, with a positive global outlook, though the appreciating rupee may cap some gains in INR terms, added Jigar Trivedi.
Expectations From The Bullion Industry From Upcoming Budget
According to Vikas Sing, Managing Director & CEO of MMTC-PAMP, “Gold has always been more than just a metal in India; it holds deep emotional and cultural value. It is also seen as a symbol of security and prosperity, making it a trusted choice for Indian consumers. The Union Budget plays an important role in shaping gold’s demand. The reduction in import duty on gold in the Union Budget 2024 was a positive step. It encouraged higher demand, made gold more accessible, and reduced the grey market inflow. These measures have strengthened India’s position as a key market for precious metals. India’s strong affinity for gold remains consistent, with the metal serving as both a cherished part of traditions and a modern financial asset.”
With these positive developments, supportive policies, and a strong market setup, India is well on its way to becoming a global leader in precious metals. Gold & Silver continues to be a key component of portfolio diversification, offering stability and preserving wealth during uncertain times. This balance of tradition and strategy underscores its timeless appeal among Indian consumers, added Vikas Sing.
Spot Gold Prices Today
Spot gold remained unchanged at $2,707.19 per ounce by 0107 GMT. US gold futures declined 0.7% to $2,730. Spot silver slipped 0.5% to $30.34 per ounce, palladium fell 1.2% to $933.25 and platinum dipped 0.6% to $936.95, according to Reuters.
The Reuters report added, “”I believe Donald Trump (presidency) will result in higher market volatility, while some of his policies might keep inflation higher for longer. This should continue to support safe-haven assets like gold,” UBS analyst Giovanni Staunovo said.
Silver Prices Today In India
Silver price in India today stayed stable. Silver prices did not witness any movement in the country since January 18, 2024. If you are planning to buy 1 kg silver today, you need to pay Rs 96,500. On the other hand, 100 grams silver prices today stood at Rs 9,650.
22k Gold Price In Last 5-Days In India (for 1 gram)
22k gold price in India today remained stable, surged by Rs 15 on January 20, stayed neutral on January 19, declined by Rs 15 on January 18, and rallied by Rs 60 on January 17.
Colin Shah, MD, Kama Jewelry spoke on gold price movement and outlook post-Trump’s inaugural address’, “gold prices rose primarily due to the fall in the Dollar Index. President Trump indicated a staggered and gradual import tariff vs a one-off announced earlier. The softening of dollar prices provided strength to the yellow metal. COMEX gold also saw some strength, trading near the $2,720 level. The dollar weakened following reports that Trump may impose lower or staggered tariffs, rather than the higher, one-time tariffs previously anticipated. A weaker dollar makes gold more attractive to foreign buyers, supporting the precious metal’s appeal. Gold prices has the potential to hit the $3000/oz level if Trump decides to impose his tariffs as planned earlier.
Two things will be keenly watched moving ahead: the US interest rates and the movement of USD/DXY. We expect gold to remain a focal point in the near term until further clarity emerges on Trump’s tariff policies.”
1kg Silver price in India in last 5-days
1 kg silver prices in India today remained unchanged, steadied on January 20, January 19 and January 18 as well, and surged by Rs 1000 on January 17.
1 Gram gold rate today In key metropolitan cities, states of India on Jan 21, 2025
| City | 22k Gold Price Per Gram |
| Chennai Gold Price Today | 22 carat gold rate is Rs 7,450 |
| Mumbai Gold Price Today | 22K gold price is Rs 7,450 |
| Delhi Gold Rate Today | 22K yellow metal price is Rs 7,465 |
| Kolkata Gold Price Today | 22 carat gold price is Rs 7,450 |
| Bangalore Gold Price Today | 22K gold rate is Rs 7,450 |
| Hyderabad Gold Prices Today | 22 carat gold rate is Rs 7,450 |
| Kerala Gold Prices Today | 22 carat gold rate is Rs 7,450 |
(Gold price figures source: Goodreturns.in)
Disclaimer
The story highlights gold prices and should not be considered as investment advice by the 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.
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