Gold Price Today: After several days of continuous rise, gold prices have finally witnessed a slight decline. Gold, which is widely considered one of the safest investment options, has become a bit cheaper today. This fall in Gold Price Today has opened a potential opportunity for investors, as buying during price corrections is often considered beneficial.
Let’s take a look at today’s gold prices in India based on different purity levels.
Gold Price Today in India
In the Indian gold market, prices have softened slightly across 18 carat, 22 carat, and 24 carat gold. Below are the updated gold rates after today’s decline.
24 Carat Gold Price Today
- 1 gram – ₹16,057
- 8 grams – ₹1,28,456
- 10 grams – ₹1,60,570
- 100 grams – ₹16,05,700
22 Carat Gold Latest Rates
- 1 gram – ₹14,719
- 8 grams – ₹1,17,752
- 10 grams – ₹1,47,190
- 100 grams – ₹14,71,900
18 Carat Gold Price Today
- 1 gram – ₹12,043
- 8 grams – ₹96,344
- 10 grams – ₹1,20,430
- 100 grams – ₹12,04,300
Gold Prices in Major Indian Cities
Gold prices vary slightly across cities due to local taxes, demand, and transportation costs.
- Chennai:
- 24 carat – ₹16,254 per gram
- 22 carat – ₹14,899 per gram
- Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala & Pune:
- 24 carat – ₹16,057 per gram
- 22 carat – ₹14,719 per gram
- Delhi:
- 24 carat – ₹16,072 per gram
- 22 carat – ₹14,734 per gram
- Vadodara & Ahmedabad:
- 24 carat – ₹16,062 per gram
- 22 carat – ₹14,724 per gram
Gold Price Trend in January
Gold prices witnessed a strong rally in January. On January 1, gold was priced at:
- 22 carat – ₹12,380 per gram
- 24 carat – ₹13,506 per gram
By January 31, prices increased to:
- 22 carat – ₹14,720 per gram
- 24 carat – ₹16,058 per gram
The highest prices were recorded on January 29, when:
- 22 carat gold touched ₹16,395 per gram
- 24 carat gold reached ₹17,885 per gram
Overall, gold prices rose by nearly 18.9% during January, showing strong investor demand.
Should You Buy Gold Now?
Experts believe that today’s minor dip in gold prices could be a good buying opportunity. Gold prices are influenced by factors such as interest rates, the dollar index, and global geopolitical conditions. If you are planning to invest in gold for the long term, buying during a price correction may prove beneficial, as prices could rise again in the coming days.
Disclaimer
Gold prices may vary based on location and market conditions. Investors are advised to check local rates before making a purchase.
