Gold prices reached a multi-week high on Wednesday, buoyed by a weaker dollar and heightened safe-haven demand due to uncertainties surrounding US President Donald Trump’s trade policies.
Trump’s first day in office initially improved risk appetite, only to turn risk-averse after he hinted at imposing tariffs on Canada and Mexico while signing a series of executive orders.
As of 11:45 AM on January 22, 2025, the spot gold price in the international market was trading higher by 0.38% at $2,753.96 per ounce.
Gold prices surged across major metro cities in India on January 22, 2025. In Mumbai, 24-carat gold is priced at ₹7,970 per gram, reflecting an increase of ₹25. Similarly, 22-carat gold now costs ₹7,306 per gram. The price of 24-carat gold per 10 grams has risen by ₹250 to ₹79,700.
In Delhi, 22-carat gold is priced at ₹72,930 per 10 grams, while 24-carat gold is trading higher by ₹240 at ₹79,560 per 10 grams.
Here is a detailed breakdown of gold prices as of January 22, 2025:
City | 24 Carat Gold (per 10gm in ₹) | 22 Carat Gold (per 10gm in ₹) |
Chennai | 79,910 | 73,250 |
Hyderabad | 79,810 | 73,159 |
Delhi | 79,560 | 72,930 |
Mumbai | 79,680 | 73,040 |
Bangalore | 79,740 | 73,095 |
The spot silver price was trading marginally higher by 0.02%, at $30.78 per ounce during the afternoon session.
City | Silver Rate in ₹/KG |
Mumbai | 92,140 |
Delhi | 92,180 |
Kolkata | 92,020 |
Chennai | 92,410 |
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 22, 2025, 3:36 PM IST
Team Angel One
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