Gold and Silver Rates Today, January 19: Gold and silver prices jumped on Monday, January 19, as investors flocked to safe-haven assets on intensifying tensions, after US President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland. In Mumbai, the price of 24-carat gold rose to Rs 1,45,690 per 10 grams, while 22k gold was available at Rs 1,33,550 per 10 grams. These rates do not include GST and making charges. However, silver also touched its fresh all-time high of Rs 3,05,100 per kg in the spot market.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 19?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,33,700 | Rs 1,45,840 |
| Jaipur | Rs 1,33,700 | Rs 1,45,840 |
| Ahmedabad | Rs 1,33,600 | Rs 1,45,740 |
| Pune | Rs 1,33,550 | Rs 1,45,690 |
| Mumbai | Rs 1,33,550 | Rs 1,45,690 |
| Hyderabad | Rs 1,33,550 | Rs 1,45,690 |
| Chennai | Rs 1,33,550 | Rs 1,45,690 |
| Bengaluru | Rs 1,33,550 | Rs 1,45,690 |
| Kolkata | Rs 1,33,550 | Rs 1,45,690 |
In the international market, spot gold rose 1.5% to $4,663.37 per ounce by 0335 GMT, after scaling an all-time
high of $4,689.39. US gold futures for February delivery jumped 1.6% to $4,669.90 per ounce.
On Saturday, Trump vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, escalating a row over the future of Denmark’s vast Arctic island.
European Union ambassadors reached a broad agreement on Sunday to intensify efforts to dissuade Trump from imposing tariffs on European allies, while also preparing retaliatory measures should the duties go ahead, EU diplomats said.
“Geopolitical tensions have given gold bulls yet another reason to push the yellow metal to new highs,” StoneX senior analyst Matt Simpson said.
“With Trump throwing tariffs into the mix, it is clear that his threat to Greenland is real, and that we could be one step closer to the end of NATO and political imbalances within Europe.”
U.S. stock futures and dollar slid as Trump’s latest tariff threats raised investors’ appetite for safe-haven gold, yen and Swiss franc, in a broad risk-averse move across markets.
A low-interest-rate environment, geopolitical and economic uncertainty traditionally favour non-yielding assets such as gold.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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