In the national capital, gold price (24-carat) rose by Rs 400 to Rs 57,590 per 10 grams on Sunday. In the previous trade, the precious metal closed at Rs 57,190 per 10 grams. While, gold price of 22-carat purity stood at Rs 52,800 per 10 grams, showing a rise of Rs 420 over its previous close.
Prices of the precious metal are likely to go higher amid its safe heaven appeal among investors amid volatile equity market conditions, experts said. Meanwhile, all eyes will be on US Fed meeting and Union Budget, which will also play a key role in impacting commodity market sentiment, they said.
Gold (24 karat) prices (10 grams) in Delhi, Mumbai, key Indian cities today
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Delhi – Rs 57,590 as against Rs 57,190 yesterday
Mumbai – Rs 57,440 as against Rs 57,890 yesterday
Chennai – Rs 58,370 as against Rs 58,650 yesterday
Kolkata – Rs 57,440 as against Rs 57,770 yesterday
Bangalore – Rs 57,490 as against Rs 57,620 yesterday
Ahmedabad – Rs 57,490 as against Rs 57,870 yesterday
| 24 karat GOLD PRICE January 29 (10g) | 24 karat GOLD PRICE January 28 (10g) | |
| Delhi | Rs 57,590 | Rs 57,190 |
| Mumbai | Rs 57,440 | Rs 57,890 |
| Chennai | Rs 58,370 | Rs 57,770 |
| Kolkata | Rs 57,440 | Rs 58,650 |
| Bangalore | Rs 57,490 | Rs 57,620 |
| Ahmedabad | Rs 57,490 | Rs 57,870 |
Silver prices (1 kg) in key India cities today
Delhi – Rs 72,200 as against Rs 72,870 yesterday
Mumbai – Rs 72,200 as against Rs 72,320 yesterday
Chennai – Rs 74,200 as against Rs 74,400 yesterday
Kolkata – Rs 72,200 as against Rs 72,800 yesterday
Bangalore – Rs 74,200 as against Rs 74,500 yesterday
Ahmedabad – Rs 72,200 as against Rs 72,600 yesterday
| City | SILVER PRICE January 29 (1kg) | SILVER PRICE January 28 (1kg) |
| Delhi | Rs 72,200 | Rs 72,870 |
| Mumbai | Rs 72,200 | Rs 72,320 |
| Chennai | Rs 74,200 | Rs 74,400 |
| Kolkata | Rs 72,200 | Rs 72,800 |
| Bangalore | Rs 74,200 | Rs 74,500 |
| Ahmedabad | Rs 72,200 | Rs 72,600 |
Internationally, gold prices have come down as the dollar gained some ground in the wake of US economic data, with investors still trying to pin down the Federal Reserve’s likely move on interest rates next week.
Spot gold fell 0.2 percent to $1,925.99 per ounce on Friday, giving up initial gains soon after data showing U.S. consumer spending fell in December, even as the core PCE index gained 0.3 percent. US gold futures were also down 0.2 percent to $1,926.10.
