Gold Price Updates for January 20: Retail Rates Across Indian Cities
The price of 10 grams of 24-carat gold is trading higher at ₹81,250, while 22-carat gold stands at ₹74,490. Silver prices are also up, trading at ₹96,400 per kilogram.
Gold Prices Across Major Cities (₹ per 10 grams):
| City | 22-Carat Gold | 24-Carat Gold |
|---|---|---|
| Delhi | ₹74,490 | ₹81,250 |
| Mumbai | ₹74,340 | ₹81,100 |
| Ahmedabad | ₹74,390 | ₹81,150 |
| Chennai | ₹74,340 | ₹81,100 |
| Kolkata | ₹74,340 | ₹81,100 |
| Pune | ₹74,340 | ₹81,100 |
| Lucknow | ₹74,490 | ₹81,250 |
| Bengaluru | ₹74,340 | ₹81,100 |
| Jaipur | ₹74,490 | ₹81,250 |
| Patna | ₹74,390 | ₹81,150 |
| Bhubaneshwar | ₹74,340 | ₹81,100 |
| Hyderabad | ₹74,340 | ₹81,100 |
Futures Market Update:
On the Multi Commodity Exchange (MCX):
- Gold is trading lower by 0.14% at ₹78,915 per 10 grams.
- Silver has dropped 0.16% to ₹91,460 per kilogram.
Understanding Gold Prices:
-
Retail Gold Price Per Gram:
The retail gold price per gram refers to the cost consumers pay for one gram of gold. It fluctuates daily based on various factors. -
Factors Influencing Gold Prices in India:
- International Market Rates: Global economic trends and geopolitical events impact prices.
- Import Duties and Taxes: India’s dependency on gold imports makes duties and taxes significant.
- Exchange Rate Fluctuations: Changes in the Indian Rupee's value affect gold prices.
Stay updated daily to make informed investment decisions.
