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Gold Prices in India: 18K, 22K, and 24K Rates Today
Gold prices in India remained steady on Thursday, January 23, 2025, despite fluctuations in global markets. The domestic market showed resilience as the rupee held its ground, while international gold prices experienced a slight decline. Here’s a detailed breakdown of today’s gold and silver prices across various karats and quantities.
Current Gold Prices in India
As of January 23, 2025, the price of 24-carat gold in India is Rs. 82,090 per 10 grams, while 22-carat gold is priced at Rs. 75,250 per 10 grams. For larger quantities, 100 grams of 24-carat gold costs Rs. 8,20,900, and 100 grams of 22-carat gold is priced at Rs. 7,52,500. The price of 18-carat gold remains stable at Rs. 61,570 per 10 grams, with 100 grams costing Rs. 6,15,700.
Silver Prices in India
Silver prices in India also remained unchanged on Thursday. The cost of 1 kilogram of silver is Rs. 96,500, while 10 grams of silver is priced at Rs. 965. The stability in silver prices comes as traders assess the potential impact of recent global trade developments on the market.
Global Gold and Silver Rates
On the global front, spot gold prices eased slightly by 0.1% to $2,751.87 per ounce, after reaching a near three-month high of $2,763.43 earlier in the week. U.S. gold futures also declined by 0.3% to $2,761.70. Similarly, spot silver dropped by 0.5% to $30.63 per ounce. Platinum and palladium prices also saw minor fluctuations, with platinum falling by 0.5% to $941.50 and palladium remaining stable at $977.34.
MCX Gold Outlook
According to technical research analysts, MCX Gold has maintained its positive momentum for the second consecutive session. The commodity has established a base around the Rs. 78,500-79,000 levels, signaling a potential uptrend with prices likely to advance toward Rs. 79,800-80,200. The momentum indicator RSI has also registered a positive crossover, reinforcing the bullish bias. Traders are advised to maintain tight stop losses due to heightened volatility in the current market.
Market Outlook for Gold and Silver
Analysts noted that gold and silver prices are trading slightly lower on international markets. However, domestic prices are expected to remain range-bound to slightly higher as traders consider the impact of recent global trade developments. These factors could influence economic trends and, in turn, affect precious metal prices.
Conclusion
Gold and silver prices in India have remained stable despite global market fluctuations. Investors and traders are closely monitoring international trade developments and their potential impact on precious metal prices. With gold showing a bullish trend on MCX and silver prices holding steady, the market remains poised for potential volatility in the coming days.
Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.
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