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.

Edited By: Alina Khan

Last Updated : 28 January 2024, 10:18 AM IST

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.

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