Today, gold prices in India are at Rs 5,850 per gram for 22 carat and Rs 6,382 per gram for 24 carat. According to GoodReturns, as of January 4, 2024, the price of 22-carat gold was Rs 58,500 for 10 grams, while 24-carat gold was priced at Rs 63,820 for the same quantity. Additionally, silver was reported at Rs 78,600 per kilogram.
Different cities in India have slight variations in gold prices. In Mumbai, Kolkata, Kerala, Bangalore, and Hyderabad, 10 grams of 22-carat gold is at Rs 58,500 and 24-carat gold is at Rs 63,820. In Delhi and Chennai, 10 grams of 22-carat gold is at Rs 58,650 and Rs 59,150, respectively. And for 24-carat gold, it is at Rs 63,970 in Delhi and Rs 64,530 in Chennai.
As for silver, in Mumbai, Delhi, and Kolkata, 1 kg silver will cost Rs 78,600. In Chennai, Hyderabad, and Kerala, the price is slightly higher at Rs 80,000.
Insight: The fluctuation in gold and silver prices across different cities can be attributed to various factors such as local demand, taxes, transportation costs, and import duties. Additionally, global market trends and the value of the Indian rupee against foreign currencies also play a significant role in determining the prices of precious metals. It’s important for consumers and investors to keep an eye on these price variations when making purchasing or investment decisions.
