Gold and silver prices in India, shaped by global trends, currency movements, and domestic demand, continue to fluctuate. Here’s a look at the latest updates and prices across major cities.
“In response to Fed minutes that suggested a possible delay in the rate-easing cycle, gold is trading strongly. Furthermore, investors are turning to precious metals for stability as a result of increased market volatility brought on by elevated geopolitical tensions. Moreover, the Indian government has made the biggest modification to its gold import projections in history, cutting them by an extraordinary $5 billion (56 tons) in November. According to DGCIS, India imported $9.84 billion (117 tonnes) of gold in November, which was far less than the $14.86 billion (173 tonnes) preliminary estimate that was released last month.,” added Renisha Chainani, Head of Research at Augmont.
“Additionally, solid growth in 2024 has increased industrial demand for silver, which is expected to reach 700 million ounces for the first time. This increase is fueled by silver’s crucial role in consumer electronics, 5G networks, electric vehicles, and solar technology, establishing silver as a material that is essential for promoting innovation and aiding in the shift to clean energy solutions,” added Chainani.
Gold and silver rates today, January 10
The 24-carat gold rate in India was Rs 79,210 per 10 grams on January 10. The rate for 24-carat gold per gram is Rs 7921. While the rate of 22-carat gold was Rs 72,610 per 10 grams.
On January 10, 24-carat gold prices surged to Rs 79,210 for 10 grams, while silver fell to Rs 92,400 per kilogram, as per Good Returns.
Gold rate in Mumbai on January 10
The Gold rate in Mumbai is Rs 79,210/10 grams today. On January 9, the gold was available for 79,200/10 grams.
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Silver rate in Mumbai on January 10
Silver rate in Mumbai was Rs 101,400/Kg on January 10, while it was priced at Rs 92,400/Kg on the previous day.
Gold rate in Delhi on January 10
On January 10, the gold rate in Delhi is Rs 79,360/10 grams for 24 carat. The gold was quoted at Rs 72,760/10 grams for 22 carat.
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