Gold Price Retreats: 24k/100 Grams Yellow Metal Falls Rs 1700

Gold price in India witnessed decline today for the first time since January 18, 2025 amid stronger dollar as traders kept their focus on US Federal Reserve’s upcoming meeting for more cues on the interest rate trajectory. 24ct gold price today stood at Rs 82,250/10 grams after decline of Rs 170 and 100 grams of 24-carat gold rate today retreated by Rs 1700 to Rs 8,22,500.

Meanwhile, 22ct gold price today in the country is retailing at Rs 75,400/10 grams and 100 grams of 22 carat gold rate today is selling for Rs 7,54,000 after drop by Rs 1500. On the other hand, if you are planning to buy 10 grams of 18 carat gold today, you will have to pay Rs 61, 690 and for 100 grams of 18 carat precious metal, you will have to shell out Rs 6,16,900 after dip by Rs 1300, according to Goodreturns.in.

Gold Price

1gm gold rate today for 22 carat edged lower by Rs 15 to Rs 7540 and 1 gram gold rate today for 24k precious metal stood at Rs 8,225 after falling by Rs 17. And, 1 gram gold rate in India today for 18 carat is Rs 6169 after falling by Rs 13.

According to Reuters, “The U.S. dollar could be the main culprit for gold’s weakness… However, the current movement suggests that the downside for the yellow metal is still limited, potentially aided by safe-haven flows,” IG market strategist Yeap Jun Rong said.

Spot Gold Prices Today

Spot gold fell 0.6% to $2,755.80 per ounce, as of 0509 GMT, after trading just below record-high levels on Friday. US gold futures declined 0.7% to $2,760.70. Spot silver slipped 1.1% to $30.26 per ounce, palladium fell 1.8% to $969.93 and platinum declined 0.8% to 941.25, added Reuters.

Expectations Of Bullion Industry From The Upcoming Budget

Aksha Kamboj, Executive Chairperson, Aspect Global Ventures and VP of India Bullion & Jewellers Association (IBJA) said, “As the gold sector continues to play a vital role in India’s economy and cultural heritage, we are optimistic about the upcoming Union Budget. Our key expectation is for policies that foster growth and formalization in the industry, such as a reduction in import duties, which will enhance competitiveness and curb illegal imports. We also look forward to measures that support gold monetization schemes, enabling consumers to unlock the value of their idle gold holdings. Furthermore, addressing barriers to trading in electronic gold receipts is another critical area that requires attention and a decisive attention.”

Silver Prices Today In India

Silver price in India today witnessed decline as well. 1 kg silver price today stood at Rs 96,500 after falling by Rs 1000. Meanwhile, 100 grams silver rates on January 27, 2025 fell by Rs 100 to Rs 9,650.

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

22k gold price in India today dropped by Rs 15, remained steady on January 26 and January 25, soared by Rs 30 on January 24, and remained stable on January 23.

Gold Price Outlook

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, “gold experienced volatile trading as the first session of the week saw profit booking, with Comex gold encountering resistance near $2,770 but maintaining strong support around $2,750, showcasing resilience to break below that level. In the domestic market, MCX gold traded within a range, with buyers capitalizing on the weak opening as ₹79,675 provided immediate support ahead of the U.S. Federal Reserve’s interest rate decision. The upcoming Fed policy announcement remains a key focus for market participants, and gold is likely to remain range-bound, trading between ₹79,000 and ₹80,600 in the short term.”

On why yellow metal witnessed rally in last few days, Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies, Angel One Ltd said, “In the last week, the gold prices surged by more than 2% as the U.S. President Donald Trump’s calls to lower interest rates and lack of clarity on tariffs weighed on the dollar. Trump called for an immediate drop in rates around the world during his speech at the World Economic Forum. However, he did not provide clarity on tariffs which led market participants flocking to safe-haven assets such as gold to hedge against volatility. Rate decisions from the U.S. Federal Reserve and European Central Bank are due this week. Traders see a 99.5% chance of the Fed keeping rates unchanged at its January 28-29 meeting, according to the CME Group’s FedWatch Tool. Higher rates dampen the appeal of the non-yielding bullion.”

1kg Silver price in India in last 5-days

1 kg silver prices in India today declined by Rs 1000, remained unchanged on January 26 and January 25, gained by Rs 1000 on January 24, and stood unchanged on January 23.

1 Gram gold rate today In key metropolitan cities and states of India on January 27, 2025

City	22k Gold Price Per Gram
Chennai Gold Price Today	22 carat gold rate is Rs 7,540
Mumbai Gold Price Today	22K gold price is Rs 7,540
Delhi Gold Rate Today	22K yellow metal price is Rs 7,555
Kolkata Gold Price Today	22 carat gold price is Rs 7,540
Bangalore Gold Price Today	22K gold rate is Rs 7,540
Hyderabad Gold Prices Today	22 carat gold rate is Rs 7,540
Kerala Gold Prices Today	22 carat gold rate is Rs 7,540