Gold price in India tumbled for second consecutive day today as traders tried to gauge how US President Donald Trump’s policies would exert their influence on US central bank’s approach on inflation and growth. As focus of investors shifted to Federal Reserve’s meeting as well, 24-carat gold price in India today declined by Rs 320 to settle at Rs 81,930/10 grams and 100 grams of 24-carat precious metal prices today slipped by Rs 3,200 to end at Rs 8,19,300.
On the other hand, 22 carat gold rate today stood at Rs 75,100/10 grams after dip of Rs 300 and 100 grams of 22k yellow metal prices edged lower by Rs 3000 to Rs 7,51,000. 18k gold has been selling for Rs 61,450/10 grams and 100 grams of 18 carat gold price is retailing at Rs 6,14,500 on Tuesday, January 28, 2025, according to Goodreturns.in.
1gm gold rate today for 22 carat lost glitter by Rs 30 to Rs 7510 and 1 gram gold rate today for 24k precious metal is retailing at Rs 8,193 after declining by Rs 32. Meanwhile, 1 gram gold rate today for 18 carat turned cheaper by Rs 24 to settle at Rs 6169.
Spot Gold Prices Today
Spot gold stayed unchanged at $2,739.28 per ounce, as of 0656 GMT. US gold futures zoomed 0.2% to $2,742.50. Spot silver fell 0.8% to $29.97 per ounce, palladium stayed unchanged at $960.32 and platinum declined 0.8% to $939.55, according to Reuters.
22k Gold Price In Last 5-Days In India (for 1 gram)
1 gram of 22k gold price in India today slipped by Rs 30, fell by Rs 15 on January 27, stayed flat on January 26 and January 25, and surged by Rs 30 on January 24.
Gold Price Outlook
According to by Prathamesh Mallya, Analyst, Non-Agri Commodities and Currencies, Angel One Ltd, “apparently, the US and Colombia pulled back from the brink of a trade war after the White House said the South American nation had agreed to accept military aircraft carrying deported migrants. Gold is considered a hedge against geopolitical turmoil and inflation. It also tends to thrive in a low interest rate environment as it yields no interest. With regards to the upcoming FOMC meet, the Fed policymakers are largely expected to keep rates steady at the end of their January 28-29 meeting, marking the first pause in the rate-cutting cycle that began in September.”
Market focus will likely be on how the Fed reacts to comments from President Trump, who has called for continued interest rate cuts. Today, gold prices are likely to trade lower pressured by a firmer U.S. dollar, while investors focused on the Federal Reserve’s first meeting of 2025 for more guidance on the U.S. interest rate path, added Prathamesh Mallya.
Meanwhile, Reuters added, “If (Fed Chair) Jerome Powell leaves the door slightly more ajar to a potential rate cut in coming months, this may pressure Treasury yields and provide an assist to gold,” said Tim Waterer, chief market analyst at KCM Trade.
Silver Prices Today In India
Silver price in India today remained flat. 1 kg silver price today steadied at Rs 96,500 and 100 grams silver rates stood at Rs 9,650.
1kg Silver price in India in last 5-days
1 kg silver prices in India today stayed steady, fell by Rs 1000 on January 27, stayed stable on January 26 and January 25, and rose by Rs 1000 on January 24.
1 Gram gold rate today In key metropolitan cities and states of India on January 28, 2025
| City | 22k Gold Price Per Gram |
| Chennai Gold Price Today | 22 carat gold rate is Rs 7,510 |
| Mumbai Gold Price Today | 22K gold price is Rs 7,510 |
| Delhi Gold Rate Today | 22K yellow metal price is Rs 7,525 |
| Kolkata Gold Price Today | 22 carat gold price is Rs 7,510 |
| Bangalore Gold Price Today | 22K gold rate is Rs 7,510 |
| Hyderabad Gold Prices Today | 22 carat gold rate is Rs 7,510 |
| Kerala Gold Prices Today | 22 carat gold rate is Rs 7,510 |
| Gold Price In Lucknow Today | 22 carat gold price is Rs 7525 |
(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.
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