The cost of ten grams of gold increased in India on January 11. Find out the current price in your city
Current Indian Gold Rate: On January 11, 2024, gold prices varied by city, but the average price per 10 grams was around Rs 62,830. In particular, the average price for 10 grams of 24-carat gold was Rs 62,830, whilst the same amount of 22-carat gold brought in Rs 57,600. Silver, however, continued to rise and reached a high of Rs 76,000 per kilogram.
Indian gold rate as of right now: January 11 retail gold price
Gold Rate in Delhi
Ten grams of 22-carat gold costs Rs 57,750 in Delhi, whereas the same quantity of 24-carat gold costs Rs 63,980.
Mumbai Gold Exchange Rate
Ten grams of 22-carat gold now cost Rs 57,600 in Mumbai, whereas the same quantity of 24-carat gold costs Rs 62,830.
Gold Rate in Chennai
Ten grams of 22-carat gold costs Rs 58,100 in Chennai, whereas the same quantity of 24-carat gold costs Rs 63,380.
Examine current gold prices in several cities on January 11, 2024. (In grams/Rs)
22-carat gold price in the city; 24-carat gold price
Gujarat 57,750- 63,980
Ahmedabad 57,650- 62,880
Kolkata 62,830- 57,600
Lucknow 63,980- 57,750
Bengaluru 62,830-57,600
Jaipur 63,980- 57,750
Bhubaneshwar 57,600- 62,830
Patna 57,650- 62,880
Hyderabad 6,230,000-57,600
Exchange of Multiple Commodities
On the Multi Commodity Exchange, gold futures with an expiration date of February 5, 2024, were trading for Rs 62,164 on January 11. The price of silver futures with an expiration date of March 5, 2024, was Rs 72,135.
The quantity of gold sold to consumers nationwide is known as the retail price. The value of the Rupee, the cost of labor and materials required to make gold jewelry, and the price of gold globally all have an impact on this pricing.
Due to its historical significance in Indian culture, financial potential, and marriage and festival customs, gold is highly valued.
The following are a few variables that might affect the price of gold:
Supply and Demand: The price of gold is mostly determined by the quantity available and the level of demand for it. Gold often rises in price as demand grows. Nevertheless, the price may drop if there is an excess of gold on the market.
Global Economic Conditions: Gold prices are significantly influenced by the state of the world economy as a whole. Gold’s price rises because investors often pick it as a secure investment during recessions or weak global economies.
Political Unrest: Political unrest may have an impact on gold prices. A crisis or unpredictability in a major nation or area may lead investors to decide to hedge their money with gold investments. The increasing demand for gold may result in a rise in price.
