Gold and Silver prices on January 18: Check rates here

According to GoodReturns, the price of 22-carat gold was at Rs 57,400 per gram; Rs 62,620 for 10 gm 24-carat gold and silver at Rs 75,500 per kg respectively.

Alina Khan Last Updated : 18 January 2024, 10:51 AM IST

Courtesy: X

According to the GoodReturns, 22-carat gold prices in India are at Rs 5,740 per gram, while for 24-carat the price is at Rs 6,262 per gram on Thursday.

On January 18, the price of 22-carat gold was at Rs 57,400 per gram; Rs 62,620 for 10 gm 24-carat gold and silver at Rs 75,500 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 75.50 per gram whereas for 10 grams it was Rs 755.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	57,550	62,770	75,500
Mumbai	57,400	62,620	75,500
Chennai	57,800	63,050	77,000
Kolkata	57,400	62,620	75,500
Bengaluru	57,400	62,620	73,000
Hyderabad	57,400	62,620	77,000
Kerala	57,400	62,620	77,000

What determines gold and silver rates?

To comprehend the fluctuations in gold and silver rates, it's crucial to know the factors that influence them. These include:

Global Market Trends - Global economic conditions, geopolitical events, and currency fluctuations can significantly impact the rates of gold and silver in India.

Local Demand and Supply - Domestic factors, such as festive seasons and weddings, influence the demand for gold in India. Moreover, mining and import policies play a role in supply and pricing.

Investment Opportunities:

Buying Gold and Silver - Learn about various ways to invest in gold and silver, from physical purchases to digital investments like ETFs and sovereign gold bonds.

In a country where gold and silver are more than just commodities, understanding their rates and significance is essential. By staying informed about global and local factors affecting their prices and making strategic investment decisions, you can navigate the ever-changing landscape of gold and silver rates in India.

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Gold and Silver prices on January 18: Check rates here

According to GoodReturns, the price of 22-carat gold was at Rs 57,400 per gram; Rs 62,620 for 10 gm 24-carat gold and silver at Rs 75,500 per kg respectively.