Gold and Silver Prices Rise Again on January 11; Check Rates In Major Indian Cities

New Delhi: Gold and silver prices in the country ticked up again on Sunday, as traders and buyers kept a close eye on global markets and rising demand for safe-haven assets. Metals traders said international cues, currency moves, and steady local demand helped push prices higher in many cities across the country. 

How much are gold rates today?

On Sunday, 24-carat gold (also referred to as 999 pure gold) hovered above Rs 14,046 per gram, while 22-carat gold (which contains 91.67 per cent pure gold, commonly used in jewellery) remained near Rs 12,875 per gram across India.

Here's how prices look in major cities today:

• In Delhi, the current price of 24-carat gold is Rs 14,061 per gram and 22-carat gold is Rs 12,890 per gram.
• In Mumbai, the current price of 24-carat gold is Rs 14,046 per gram and 22-carat gold is Rs 12,875 per gram.
• In Kolkata, the current price of 24-carat gold is Rs 14,046 per gram and 22-carat gold is Rs 12,875 per gram.
• In Chennai, the current price of 24-carat gold is Rs 13,965 per gram and 22-carat gold is Rs 12,900 per gram.

Prices differ slightly across regions due to local taxes.

What about silver prices?

Silver prices also strengthened, with rates near Rs 2,60,000 per kilogram in Delhi and Mumbai and even higher in some southern cities such as Chennai and Hyderabad, where bullion dealers reported robust demand. 

Here's how prices look in major cities today:

• Price of silver in Delhi is Rs 2600 per 10 grams.
• Price of silver in Mumbai is Rs 2600 per 10 grams.
• Price of silver in Kolkata is Rs 2600 per 10 grams.
• Price of silver in Chennai is Rs 2750 per 10 grams

What’s driving the price movement?

Market analysts point to several factors behind the rise.

• Global uncertainty - ongoing tensions in international geopolitics have made investors lean toward gold and silver as a safety play.
• Industrial demand for silver - demand from manufacturing and industrial sectors has kept silver prices firm. 
• Currency and inflation trends - fluctuations in the US dollar and inflation worries continue to influence precious metal pricing in India. 

How does this affect everyday buyers?

For everyday buyers and jewellery shoppers, the latest figures mean higher costs for gold ornaments and silverware. Jewelers say many customers are watching prices closely before making large purchases, given the recent swings in the market.