Gold and Silver prices on January 28: Check latest rates here

According to GoodReturns, the price of 22-carat gold was at Rs 57,750 per gram; Rs 63,000 for 10 gm 24-carat gold and silver at Rs 76,000 per kg respectively.

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Alina Khan
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According to the GoodReturns, 22-carat gold prices in India are at Rs 5,770 per gram, while for 24-carat the price is at Rs 6,295 per gram on Sunday.

On January 28, the price of 22-carat gold was at Rs 57,750 per gram; Rs 63,000 for 10 gm 24-carat gold and silver at Rs 76,000 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 76.00 per gram whereas for 10 grams it was Rs 760.

Check rates of Gold and Silver here:

Cities

22-carat Gold (10 gm)

24-carat Gold (10 gm)

Silver (1 kg)

Delhi

57,900

63,150

76,000

Mumbai

57,750

63,000

76,000

Chennai

58,350

63,650

77,750

Kolkata

57,750

63,000

76,000

Bengaluru

57,750

63,000

72,750

Hyderabad

57,750

63,000

77,500

Kerala

57,750

63,000

77,500

Economic Importance:

  • Investment and Security: Gold is seen as a safe haven and hedge against inflation, economic uncertainty, and currency fluctuations. Indians traditionally invest a significant portion of their savings in gold, considering it a secure and reliable form of wealth.

  • Employment and Industry: The gold industry in India is a major source of employment, driving the economy in mining, refining, manufacturing, and trading.

  • International Trade: India is one of the world's largest gold importers and consumers, influencing global gold prices and trade.