New Delhi: After remaining steady on Republic Day- January 26, 2023, gold prices dipped in the red on Friday. The yellow metal traded lower in the Indian market on January 27 even as global prices remained largely changed. Gold futures, maturing on February 3, fell over 300 points or 0.53 per cent to Rs 57,158 per 10 grams at 10:28 am. It closed at Rs 57,465 per 10 grams in the previous session.
The yellow metal had breached the Rs 57,000 per 10 grams mark on Tuesday.
Silver futures, on the other hand, were in the green, up 0.13 per cent of 89 points at Rs 68,765 per 1 kg. The metal settled at Rs 68,676 per kg in the previous session. Notably, the prices of gold and silver stood at Rs 56,969 per 10 grams and Rs 68,542 per kg respectively when the market closed on January 25.
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The price of the yellow metal has been rising domestically and internationally due to its safe haven appeal amid economic uncertainties and recession fears. Experts are of the view that a weak rupee and high local demand contribute to the rising pressure on gold prices.
Gold (24 karat) prices (10 grams) in Delhi, Mumbai, key Indian cities today
Delhi – Rs 57,420 as against Rs 58,080 yesterday
Mumbai – Rs 57,270 as against Rs 57,930 yesterday
Chennai – Rs 58,310 as against Rs 57,930 yesterday
Kolkata – Rs 57,270 as against Rs 57,930 yesterday
Bangalore – Rs 57,320 as against Rs 56,980 yesterday
Ahmedabad – Rs 57,320 as against Rs 56,980 yesterday
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CITY | 24 karat GOLD PRICE January 27 (10g) | 24 karat GOLD PRICE January 26 (10g) |
Delhi | Rs 57,420 | Rs 58,080 |
Mumbai | Rs 57,270 | Rs 57,930 |
Chennai | Rs 58,310 | Rs 57,930 |
Kolkata | Rs 57,270 | Rs 57,930 |
Bangalore | Rs 57,320 | Rs 56,980 |
Ahmedabad | Rs 57,320 | Rs 56,980 |
Silver prices (1 kg) in key India cities today
Delhi – Rs 72,600 as against Rs 72,600 yesterday
Mumbai – Rs 72,600 as against Rs 72,600 yesterday
Chennai – Rs 74,600 as against Rs 75,000 yesterday
Kolkata – Rs 72,600 as against Rs 72,600 yesterday
Bangalore – Rs 74,600 as against Rs 75,000 yesterday
Ahmedabad – Rs 72,600 as against Rs 72,600 yesterday
CITY | SILVER PRICE January 27 (1kg) | SILVER PRICE January 26 (1kg) |
Delhi | Rs 72,600 | Rs 72,600 |
Mumbai | Rs 72,600 | Rs 72,600 |
Chennai | Rs 74,600 | Rs 75,000 |
Kolkata | Rs 72,600 | Rs 72,600 |
Bangalore | Rs 74,600 | Rs 75,000 |
Ahmedabad | Rs 72,600 | Rs 72,600 |
Gold, silver in international markets
Gold prices were little changed on Friday as traders awaited US inflation data, due later in the day, to gauge the Federal Reserve’s stance on further interest rate hikes. Spot gold was flat at $1,927.99 per ounce as of 0234 GMT, while US gold futures were off 0.1 per cent at $1,928.30. Spot silver fell 0.2 per cent to $23.86 per ounce.