Last Update: January 11, 2023, 11:18 AM IST
Check gold rate in your city today.
On Wednesday, January 11, gold prices showed a positive trend in the domestic market and remained steady.
On Wednesday, January 11, gold prices in the domestic market showed a positive trend and remained steady. on the Multi Commodity Exchange of India On MCX, gold futures were trading at Rs 55,786, up 0.13 per cent, by 09:50 am. Silver futures rose 0.29 per cent to Rs 68,564. In the Indian retail market, gold was trading at Rs 51,440 for 10 grams of 22 carat, registering the lowest price change of Rs 10 from Tuesday’s level. 24 carat gold was selling for Rs 56,120 for the same quantity. Following its trend of holding firm for a few days, silver also recorded a similar trend as yesterday, with the metal retailing at Rs 71,800 per kg. The observed changes in the price of precious metals are also heavily influenced by global demand.
As of 00:23 GMT, spot gold was barely changed in the global market at $1,876.49 an ounce, which is around an eight-month high touched on Monday. US gold futures rose 0.3% to $1,881.30.
In New Delhi, 22 carat gold traded at Rs 51,590 per 10 gram, while 24 carat precious yellow metal touched a level of Rs 56,280. Gold prices in India were recorded highest in Chennai at Rs 57,050 and Rs 52,300 for 24 carat and 22 carat varieties. Gold price in Bengaluru increased to Rs 51,490 for 22 carat and Rs 56,170 for 22 carat. Mumbai, Kolkata and Hyderabad were known to have similar prices and ten grams of 22 carat and 24 carat gold varieties were available at Rs 51,300 and Rs 55,960 respectively.
The price of gold in India varies from state to state due to fluctuations in tax rates and other charges imposed by local governments. Buyers of gold jewelery will need to invest a higher amount than the gold rates in their state as these rates do not take into account the making charges and higher GST rates that are added on finished intricate jewellery.
read all latest business news Here