Gold and silver prices in India have set the tone for market sentiment, balancing global cues and domestic demand. As investors keep a close eye on precious metals for portfolio stability, let’s take a look at the prices in key Indian cities.
“In November 2024, the central bank increased its gold reserves by 53 tons, indicating continued strong purchases. The Reserve Bank of India resumed its 2024 purchasing spree, increasing 8 tons of its gold reserves in November. This brings YTD buying to 73 tonnes and total gold holdings to 876 tonnes, retaining its position as the second-highest buyer in 2024 after Poland. The People’s Bank of China has also increased gold holdings by 5 tonnes, indicating rising demand as global economic worries linger,” added Renisha Chainani, Head of Research at Augmont.
“Trump’s statements about reclaiming the Panama Canal and putting tariffs on neighbours bolstered the US Dollar and limited gold’s upside. The silver price is rising as a result of uncertainty surrounding the Trump administration’s tariff strategy. The US nonfarm payrolls report is due on Friday. Softness in US statistics this week could open the door for gains if investors grow more enthusiastic about the Fed’s delivery of interest rate decreases by 2025,” added Chainani.
Gold and silver rates today, January 9
The 24-carat gold rate in India was Rs 78,830 per 10 grams on January 9. The rate for 24-carat gold per gram is Rs 7,830. While the rate of 22-carat gold was Rs 72,140 per 10 grams.
On January 9, 24-carat gold prices surged to Rs 78,830 for 10 grams, while silver fell to Rs 92,400 per kilogram, as per Good Returns.
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Gold rate in Mumbai on January 9
The Gold rate in Mumbai is Rs 78,830/10 grams today. On January 8, the gold was available for 78,700/10 grams.
Silver rate in Mumbai on January 9
Silver rate in Mumbai was Rs 91,400/Kg on January 9, while it was priced at Rs 92,40/Kg on the previous day.
Gold rate in Delhi on January 9
On January 9, the gold rate in Delhi is Rs 78,898/10 grams for 24 carat. The gold was quoted at Rs 72,410/10 grams for 22 carat.
Silver rate in Delhi on January 9
The silver rate in Delhi was Rs 92,400/Kg on January 9.
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