Gold price in India today witnessed steep rise today amid safe have demand triggered from uncertainties prevailing around US President Donald Trump’s trade policies and weaker dollar. 24K gold price today surged by Rs 860 to settle at Rs 82,090/10 grams and 100 grams of 24-carat gold rate today zoomed by Rs 8,600 to Rs 8,20,900. 22K gold price today rallied by Rs 750 to Rs 75,250/10 grams and 100 grams of 22 carat gold rate today surged by Rs 7,500 to Rs 7,52,500 in the country on Wednesday.
18k gold price today stood at Rs 61,570/10 grams after gain of Rs 570 while 100 grams of 18k yellow metal prices rose by Rs 5,700 to Rs 6,15,700 on January 22, 2025, according to Goodreturns.in. 1gm gold rate today for 22k stood at Rs 7,525 after rally of Rs 75 and 1 gram gold rate in India today for 24k surged by Rs 86 to Rs 8209, according to Goodreturns.in.
Spot Gold Prices Today
Gold price today also witnessed strong buying in the global markets. Spot gold jumped 0.3% to $2,751.89 per ounce as of 0502 GMT, after touching its highest level since Nov 1 earlier in the session and closing in on its record peak of $2,790.15 hit in October. U.S. gold futures climbed 0.3% to $2,768.40. Spot silver jumped 0.1% to $30.91 per ounce. Palladium soared 0.6% to $963.59 and platinum rose 0.6% to $948.94, according to Reuters.
The Reuters report added, “Macro and trade uncertainty and the prospects of a deteriorating fiscal situation are supporting haven demand. Central bank purchases set a strong demand base, but we expect investment demand to lift, offsetting losses in physical demand,” said ANZ.
Gold Price Outlook
According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, “gold in Comex experienced a robust rally, rising by $20 to trade above $2,760, marking a 0.75% gain following Trump’s oath-taking ceremony. The steady buying momentum in gold stems from growing anticipation of a tariff war as part of the “America First” agenda outlined by the Trump administration. However, in the domestic market, MCX gold registered comparatively minor gains of ₹300 or 0.38%, limited by the rupee’s strength, which appreciated by ₹0.30 to 86.29 against the dollar. This currency strength capped the upward movement in domestic gold prices. Going forward, ₹79,000 will act as an immediate support level for MCX gold, while ₹79,950 serves as the next resistance, keeping the market range-bound amidst evolving global trade dynamics.”
Expectations From The Bullion Industry From Upcoming Budget
According to Aksha Kamboj, Executive Chairperson, Aspect Global Ventures and VP of India Bullion & Jewellers Association (IBJA), “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.”
Another facet of prime attention is streamlining GST compliance and providing clarity on hallmarking norms that can significantly strengthen the sector’s efficiency and trustworthiness. With the gold industry being a cornerstone of rural savings and employment, especially for small and medium enterprises, we urge the government to adopt fiscal policies that align with the sector’s long-term sustainability and its continuous contribution to the Indian economy. Introducing initiatives like setting up a jewelry export center in Gujarat International Finance Tec-City (GIFT City) and developing small jewelry parks in Tier 2 cities can also help in boosting exports and generate employment within the sector, Aksha Kamboj added.
Silver Prices Today In India
Silver price in India today continued to remain steady since January 18, 2025. 1 kg silver rate today stood unchanged at Rs 96,500. On the other hand, 100 grams silver prices on January 22, 2025 is retailing at Rs 9,650.
22k Gold Price In Last 5-Days In India (for 1 gram)
22k gold price in India today surged by Rs 75, stayed unchanged on January 21, rallied by Rs 15 on January 20, steadied on January 19, fell by Rs 15 on January 18, and zoomed by Rs 60 on January 17.
1kg Silver price in India in last 5-days
1 kg silver prices in India today stayed steady, remained unchanged on January 21, January 20, January 19 and January 18, and soared by Rs 1000 on January 17, 2025.
1 gram gold rate In key metropolitan cities and states of India on Jan 22, 2025
| City | 22k Gold Price Per Gram |
| Chennai Gold Price Today | 22 carat gold rate is Rs 7,525 |
| Mumbai Gold Price Today | 22K gold price is Rs 7,525 |
| Delhi Gold Rate Today | 22K yellow metal price is Rs 7,540 |
| Kolkata Gold Price Today | 22 carat gold price is Rs 7,525 |
| Bangalore Gold Price Today | 22K gold rate is Rs 7,525 |
| Hyderabad Gold Prices Today | 22 carat gold rate is Rs 7,525 |
| Kerala Gold Prices Today | 22 carat gold rate is Rs 7,525 |
(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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