Check today’s gold and silver rates in major Indian cities and explore 2025 gold outlook. Stay informed on metal trends!
Gold prices in India are shaped more by global trading trends than by local demand and supply, with markets like London OTC and COMEX playing a key role.
“The US dollar has gained strength since mid-August, when it held important support at 100 points. The market’s bullish sentiment has only risen after the November election in the United States. President-elect Donald Trump’s ‘America-First’ policies are fueling anticipation of a rebound in American manufacturing, which will further promote economic development,” said Renisha Chainani, Head of Research at Augmont.
“What led to this was the election of Donald Trump as US president, which raised concerns that his tariff and tax cut policies would refuel inflation. The better-than-expected economic data, and the stickiness in inflation even before Trump’s policies were enacted, have also corroborated the idea that the Fed should not be in a rush to lower interest rates further. The strength of the Greenback may limit the upside potential of dollar-denominated gold, as a higher USD makes gold more expensive for buyers using other currencies. Other developments include geopolitical events that have an impact on the outlook of the precious metals markets. Russia’s drone activities in Ukraine, combined with Israel’s airstrikes in Gaza, have boosted demand for the safe-haven asset,” added Chainani.
“This week’s focus will be on the US Nonfarm Payrolls jobs data, which will begin the monthly cycle of US labour stats for 2025. January has consistently seen the highest price gains in the last 20 years as investors and asset allocators build new long positions, accompanied, of course, by strong jewellery demand over the holiday season. Gold has been taking support at the uptrend line for the past two months, and the prices have indeed taken support at Rs 76000 and are on the course of touching Rs 78500 soon,” Chainani added.
Gold and silver rates today, January 7
The 24-carat gold rate in India was Rs 78,700 per 10 grams on January 7. The rate for 24-carat gold per gram is Rs 7,870. While the rate of 22-carat gold was Rs 72,140 per 10 grams.
On January 7, 24-carat gold prices surged to Rs 78,700 for 10 grams, while silver fell to Rs 91,400 per kilogram, as per Good Returns.
Read More: Home-cooked Veg Thali’s Cost Declines 3% In December, Non-veg Thali Gets Costlier
Gold rate in Mumbai on January 7
The Gold rate in Mumbai is Rs 78,700/10 grams today. On January 6, the gold was available for 78,700/10 grams.
Silver rate in Mumbai on January 7
Silver rate in Mumbai was Rs 91,400/Kg on January 7, while it was priced at Rs 91,500/Kg on the previous day.
Gold rate in Delhi on January 7
On January 7, the gold rate in Delhi is Rs 78,885/10 grams for 24 carat. The gold was quoted at Rs 72,140/10 grams for 22 carat.
Silver rate in Delhi on January 7
The silver rate in Delhi was Rs 90,400/Kg on January 7. The price of silver for 10 gram Rs 904/gram on January 7.
Gold rate in Kolkata on January 7
The gold rate in Kolkata was Rs 78,700/10 grams, today, January 7. The glittering metal was selling for Rs 72,140/10 grams for 22 carat.
Silver rate in Kolkata on January 7
Today, the silver rate in Kolkata is Rs 90,400/Kg and for 10 gram, it was priced 904.
Gold rate in Chennai on January 7
On January 7, the gold rate in Chennai was Rs 78,700/10 grams for 24 carat gold and 22 carat was priced at Rs 72,140/10 grams.
Silver rate in Chennai on January 7
The silver rate in Chennai today, January 7, is Rs 98,900/Kg and for 10 gram it is priced at Rs 989.
