The rising trend in gold prices continues. On the morning of January 29, the price of 24-carat gold in Delhi rose to ₹179,010 per 10 grams. The price in Mumbai reached ₹164,110 per 10 grams. The spot price of gold in the international market is $5595.02 per ounce. Rising demand for gold as a safe haven investment amid global economic uncertainty and geopolitical tensions has pushed up prices.
President Donald Trump clearly said on Thursday that there is a possibility of another war in the coming time. This is being linked to the increasing tension between Iran and America. Trump said, “We have ended eight wars, and we think there is going to be another war soon. But hopefully we can resolve this issue quickly.”
City 22 Karat Gold Rate Today (₹) 24 Karat Gold Rate Today (₹) Delhi 164110 179010 Mumbai 163960 178860 Ahmedabad 164010 178910 Chennai 163960 178860 Kolkata 163960 178860 Hyderabad 163960 178860 Jaipur 164110 179010 Bhopal 164010 178910 Lucknow 164110 179010 Chandigarh 164110 179010
Gold rates in some major cities:
Delhi: 24-carat gold price in Delhi is ₹179,010 per 10 grams. The price of 22-carat gold is ₹164,110 per 10 grams.
Mumbai, Chennai and Kolkata: Currently, the price of 22-carat gold in Mumbai, Chennai and Kolkata is ₹163,960 per 10 grams, while the price of 24-carat gold is ₹178,860 per 10 grams.
Pune and Bengaluru: The price of 24-carat gold is ₹178,860 per 10 grams and the price of 22-carat gold is ₹163,960 per 10 grams in these two cities.
Analysts see the possibility of further rise in gold prices. Societe Generale estimates that gold will reach $6000 per ounce by the end of the year. Meanwhile, Morgan Stanley has said that this rally could continue, and in a bullish environment, gold could reach $5700 an ounce. price of silver
Talking about the other precious metal, silver, its price increased to ₹410,100 per kg on the morning of January 30. The spot price of silver in international markets reached a peak of $120.45 an ounce. Silver is benefiting from both investment demand and strong industrial demand. The price of silver in India has increased by 69.2 percent so far this year.