Minor Dip in Bullion Market: Gold and Silver Lose Sheen

Ganpat Singh Chouhan

New Delhi, January 20 – The domestic bullion market witnessed a slight decline today, with both gold and silver prices trending lower. The price of 24-carat gold is trading in the range of ₹81,250 to ₹81,100 per 10 grams across major markets in the country. Similarly, 22-carat gold is priced between ₹74,490 and ₹74,340 per 10 grams. In Delhi, silver prices have settled at ₹96,400 per kilogram.

Gold Prices Across Major Cities

Delhi: In the national capital, 24-carat gold is trading at ₹81,250 per 10 grams, while 22-carat gold is priced at ₹74,490 per 10 grams.
Mumbai: The country’s financial capital sees 24-carat gold trading at ₹81,100 per 10 grams, and 22-carat gold at ₹74,340 per 10 grams.
Ahmedabad: Retail prices for 24-carat gold stand at ₹81,150 per 10 grams, while 22-carat gold is priced at ₹74,390 per 10 grams.
Chennai: The price of 24-carat gold is ₹81,100 per 10 grams, and 22-carat gold is ₹74,340 per 10 grams.
Kolkata: Gold prices are identical to Chennai, with 24-carat gold at ₹81,100 per 10 grams and 22-carat gold at ₹74,340 per 10 grams.

Gold and Silver Prices in Tier-2 Cities

Lucknow: 24-carat gold is trading at ₹81,250 per 10 grams, while 22-carat gold is at ₹74,490 per 10 grams.
Patna: The prices are slightly lower, with 24-carat gold at ₹81,150 per 10 grams and 22-carat gold at ₹74,390 per 10 grams.
Jaipur: Prices remain consistent with Delhi, at ₹81,250 per 10 grams for 24-carat gold and ₹74,490 per 10 grams for 22-carat gold.

Gold Prices in Southern Markets

Gold prices in states like Karnataka, Telangana, and Odisha also reflected a decline today:

Bengaluru, Hyderabad, and Bhubaneswar: 24-carat gold is priced at ₹81,100 per 10 grams, and 22-carat gold is trading at ₹74,340 per 10 grams.

Silver Market Update

Silver prices also experienced a minor dip. In Delhi, silver is trading at ₹96,400 per kilogram. Other key cities reported similar rates, indicating a consistent trend across the market.

Reasons Behind the Decline

The slight dip in gold and silver prices can be attributed to the following factors:

Global Trends: Fluctuations in international gold prices due to shifting investor sentiment and economic data.
Currency Exchange Rates: The strengthening of the Indian Rupee against the US Dollar has impacted import costs, leading to a marginal decline in gold prices.
Consumer Demand: Seasonal demand has tapered off after the festive season, reducing the immediate pressure on prices.

Author Profile

Ganpat Singh Chouhan: My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.