Gold Rate Today: Gold prices remained largely stable on Wednesday, January 7. The price of 24-carat gold stood at Rs 13,883 per gram, while 22-carat gold was
priced at Rs 12,457.26 per gram. Meanwhile, 18-carat gold was available at Rs 10,413 per gram, according to data from Goodreturns. Recent price movements have been muted, reflecting limited short-term volatility. Notably, the rate of 24-carat gold increased by just Re 1 compared to the previous day. Gold continues to hold a special place in the Indian investment landscape. For generations, it has been viewed as a dependable hedge against inflation and economic uncertainty. Its appeal lies not just in tradition or symbolism, but in its long-standing ability to retain value during periods of market stress. Alongside its role in jewellery, gold remains a preferred option for those looking to balance risk in their portfolios. Gold Rates In Major Indian Cities Gold prices today show modest variation across major Indian cities. Chennai, Coimbatore, and Madurai are quoting the highest rates, with 24-carat gold priced at Rs 13,998 per gram, 22-carat at Rs 12,831, and 18-carat at Rs 10,701. Metro cities such as Mumbai, Kolkata, Bangalore, Hyderabad, Pune, Kerala, Vijayawada, Nagpur, and Bhubaneswar are largely aligned, with 24-carat gold at Rs 13,883 per gram, 22-carat at Rs 12,726, and 18-carat at Rs 10,413. Delhi, Jaipur, Lucknow, and Chandigarh are marginally higher, where 24-carat gold stands at Rs 13,898, 22-carat at Rs 12,741, and 18-carat at Rs 10,428. Cities including Vadodara, Ahmedabad, Surat, and Patna are quoting 24-carat gold at Rs 13,888 per gram, 22-carat at Rs 12,731, and 18-carat at Rs 10,418, reflecting slight regional differences driven by local demand and local cost factors. What Drives Gold Prices In India? Several global and domestic forces influence gold pricing. International gold rates play a significant role, as do movements in the US dollar. On the local front, seasonal demand, especially during festivals and wedding months, can push prices higher. These combined factors explain why gold rates differ slightly across regions and from one day to the next. Silver Prices Today: January 07 Alongside gold, silver continues to attract buyers for both investment and ornamentation. At present, silver is priced at Rs 253.10 per gram, translating to Rs 2,53,100 per kilogram. While more affordable than gold, silver prices are equally sensitive to global trends. Industrial demand, particularly from manufacturing sectors, plays a major role in determining silver’s price movements.
