Gold and Silver prices on January 5: Check latest rates here

According to GoodReturns, the price of 22-carat gold was at Rs 58,100 per gram; Rs 63,338 for 10 gm 24-carat gold and silver at Rs 78,600 per kg respectively.

Edited By: Alina Khan

Last Updated : 05 January 2024, 09:24 AM IST

According to the GoodReturns, 22-carat gold prices in India are at Rs 5,810 per gram, while for 24-carat the price is at Rs 6,338 per gram on Friday.

On January 5, the price of 22-carat gold was at Rs 58,100 per gram; Rs 63,338 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 76.60 per gram whereas for 10 grams it was Rs 766.

Check rates of Gold and Silver here:

Cities	22-carat Gold (10 gm)	24-carat Gold (10 gm)	Silver (1 kg)
Delhi	58,250	63,530	76,600
Mumbai	58,100	63,380	76,600
Chennai	58,700	64,040	78,000
Kolkata	58,100	63,380	76,600
Bengaluru	58,100	63,380	74,000
Hyderabad	58,100	63,380	78,000
Kerala	58,100	63,380	78,000

Cultural Significance of Gold?

Auspiciousness and Divinity: Gold is associated with prosperity, good luck, and divine blessings. It is used in religious ceremonies, festivals, and pujas, representing purity, divinity, and positive energy. Owning gold signifies auspiciousness and blessings for the family.
Social Symbol and Status: Owning gold jewellery, especially for women, is a symbol of wealth, status, and cultural belonging. It is often gifted at weddings, and major milestones, and passed down through generations as a family heirloom.
Aesthetics and Adornment: Gold's beauty and malleability make it a popular choice for crafting exquisite jewellery, adding grandeur and elegance to traditional attire.

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Gold and Silver prices on January 5: Check latest rates here