Gold and Silver prices on January 4: Check rates of your city here

According to GoodReturns, the price of 22-carat gold was at Rs 58,500 per gram; Rs 63,382 for 10 gm 24-carat gold and silver at Rs 78,600 per kg respectively.

Edited By: Alina Khan

Last Updated : 04 January 2024, 10:12 AM IST

According to the GoodReturns, 22-carat gold prices in India are at Rs 5,850 per gram, while for 24-carat the price is at Rs 6,382 per gram on Thursday.

On January 4, the price of 22-carat gold was at Rs 58,500 per gram; Rs 63,382 for 10 gm 24-carat gold and silver at Rs 78,600 per kg respectively, according to GoodReturns. At the same time, the silver rate was Rs 78.60 per gram whereas for 10 grams it was Rs 786.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	58,650	63,970	78,600
Mumbai	58,500	63,820	78,600
Chennai	59,150	64,530	80,000
Kolkata	58,500	63,820	78,600
Bengaluru	58,500	63,820	80,000
Hyderabad	58,500	63,820	80,000
Kerala	58,500	63,820	80,000

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 4: Check rates of your city here