Gold Rate Rallies In India, Jan 20: 22k/10 Grams Gold Price Rises

Gold price in India on Monday surged as focus shifted to Donald Trump’s inauguration today with investors seeking more clarity on policies of new government. Meanwhile, US gold prices recorded decline today amid easing Middle East tensions. 24 carat gold price today surged by Rs 120 to Rs 81,230/10 grams and 100 grams of 24k yellow metal prices today zoomed by Rs 1200 to Rs 8,12,300.

22k gold price today rose by Rs 150 to Rs 74,500/10 grams and 100 grams of 22 carat precious metal prices today zoomed by Rs 1500 to Rs 7,45,000. Meanwhile, 18k gold price today in India rallied by Rs 170 to Rs 61,000 and 100 grams of 18 carat precious metal prices edged higher by Rs 1,700 to settle at Rs 6,10,000, according to Goodreturns.in.

Expectations From The Bullion Industry From Upcoming Budget

According to Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL), “bullion Industry has a lot of expectations from this budget, as always. Since this industry is regulated by SEBI, RBI, DGFT, Ministry of Finance, Ministry of Commerce, etc, market players want a single regulator in this market. Moreover, bullion refiners have been working on a paper-thin margin of 0.65% for the last few years, this margin should be increased by decreasing the import duty on dore imports. The bullion market also wants to stop import duty benefits from LDC and FTA and a special benefit of 0.5% for importing gold through IIBX. Other expectations are the establishment of GST-bonded warehouses, permitting EMI on jewellery purchases, and allowing lending and borrowing through commodity exchanges.”

On why gold prices witnessing rally in the last few days, Dishi Somani, Founder of Dishi S Designer Jewellery said, “there are a number of reasons behind this rise. Given that geopolitical events and global economic factors affect gold prices globally, international market movements are important. The cost of importing gold also influences domestic prices, as does the value of the Indian rupee in relation to other currencies. Many jewelers are giving larger discounts to clear imported supplies in anticipation of possible changes in the duty structure as the annual federal budget is coming on February 1.”

Spot Gold Prices Today: Spot gold today declined 0.4% to $2,690.81 per ounce by 0140 GMT. US gold futures slipped 0.5% to $2,734.90. Spot silver declined 0.7% to $30.13 per ounce, palladium fell 0.3% to $944.25 and platinum dipped 0.2% to $940.05, according to Reuters.

Silver Prices Today In India

Silver price in India today remained steady yet again. Silver prices have been stable since January 18, 2024. 1 kg silver prices today in India stood at Rs 96,500 and 100 grams silver prices on Monday registered 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 15, remained unchanged on January 19, fell by Rs 15 on January 18, gained by Rs 60 on January 17, and zoomed by Rs 50 on January 16.

1kg Silver price in India in last 5-days

1 kg silver prices in India today stayed stable, remained unchanged on January 19 and January 18, zoomed by Rs 1000 on January 17, and soared by Rs 2000 on January 16.

1 Gram gold rate today In key metropolitan cities and states of India on Jan 20, 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