Gold prices in India on Saturday fell amid uncertainties hovering around the policies of US-President elect Donald Trump. 24 carat yellow metal prices in India on January 18 stood at Rs 81,110/10 grams after dip of Rs 160 and 100 grams of 24 carat precious metal prices today slipped by Rs 1600 to end at Rs 8,11,100.
Meanwhile, 22 carat gold rate today in the country declined by Rs 150 to Rs 74,350/10 grams and 100 grams of 22 carat gold rate fell by Rs 1500 to Rs 7,43,500 on Saturday.
On the other hand, 18k gold prices today edged lower by Rs 130 to Rs 60,830/10 grams and 100 grams of 18 carat gold prices today stood at Rs 6,08,300 after fall of Rs 1300, according to Goodreturns.in. 1 gram gold rate today for 22 carat fell by Rs 15 to Rs 7,435 and 1 gram gold rate in India today for 24k fell by Rs 16 to Rs 8,111.
According to Reuters, “markets now keenly await Trump’s inauguration on Jan. 20, and his broad trade tariffs are expected to further ignite inflation and trigger trade wars, potentially increasing bullion’s safe-haven appeal.”
The Reuters report added, “there are question marks about the state of tariffs, how they’ll be implemented. Many investors are looking to gold as a way of hedging some of the downside risks, should these new policies be damaging to growth,” said Nitesh Shah, commodity strategist at WisdomTree.
Expectations From The Bullion Industry From Upcoming Budget
When it comes to expectations from the gold industry during the upcoming budget, Mr. Mahendra Luniya, Digital Gold Expert,Chairman, Vighnaharta Gold Ltd said, “The gold industry has been a cornerstone of India’s economy, yet it continues to operate without stringent regulatory frameworks. This year, we hope the Union Budget will address the pressing need for robust regulations, especially for digital gold. Mandating gold buyers to declare gold as an asset in their balance sheets would not only ensure transparency but also streamline tax compliance, making the market more inclusive and accessible.
Such declarations could help bring gold transactions to the forefront, paving the way for smoother buy-sell processes while fostering trust and accountability within the sector. Furthermore, introducing regulatory measures to require gold jewelers to maintain and disclose purchase records would enhance traceability and further formalize the gold market, added Mahendra Luniya.
Spot Gold Prices Today
Spot gold today slipped 0.4% to $2,701.03 per ounce by 03:10 p.m. ET (2010 GMT). On the other hand, U.S. gold futures declined 0.1% to $2,748.70. Spot silver fell 2% to $30.17 per ounce, palladium jumped 1% to $949.99 while platinum jumped 0.9% to $940.28, added the Reuters report.
Silver Prices Today In India
Silver price in India today remained steady. 1 kg silver prices today stood at Rs 96,500 and 100 grams silver prices today recorded at Rs 9,650.
22k Gold Price In Last 5-Days In India (for 1 gram)
22k gold price in India today fell by Rs 15, surged by Rs 60 on January 17, zoomed by Rs 50 on January 16, rose by Rs 10 on January 15, and slipped by Rs 10 on January 14.
1kg Silver price in India in last 5-days
1 kg silver prices in India today remained unchanged, rose by Rs 1000 on January 17, surged by Rs 2000 on January 16, zoomed by Rs 1000 on January 15, and fell by Rs 2000 on January 14.
1 Gram gold rate today In key metropolitan cities of India on January 18, 2025
| City | 22k Gold Price Per Gram |
| Chennai Gold Price Today | 22 carat gold rate is Rs 7,435 |
| Mumbai Gold Price Today | 22K gold price is Rs 7,435 |
| Delhi Gold Rate Today | 22K yellow metal price is Rs 7,450 |
| Kolkata Gold Price Today | 22 carat gold price is Rs 7,435 |
| Gold Price Kerala Today | 22K gold prices is Rs 7,435 |
| Bangalore Gold Price Today | 22K gold rate is Rs 7,435 |
| Hyderabad Gold Prices Today | 22 carat gold rate is Rs 7,435 |
(Gold price figures source: Goodreturns.in)
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