Gold Prices on January 16, 2025: 22K/24K rates in Delhi, Mumbai, Indore, Lucknow & more

Gold Rate Today on January 16, 2025: On January 16, 2025, gold rates reflect significant variations across major Indian cities, influenced by factors such as market demand, international prices, and local economic conditions. In Delhi, the price for 22K gold stands at ?73,201 per 10 grams, while 24K gold is priced at ?79,914. Mumbai shows similar trends with 22K gold at ?73,919 and 24K gold at ?80,698.

Indore reports a slightly lower rate for 22K gold at ?54,800 and slightly higher for 24K gold at ?80,698. In Lucknow, the prices are comparable to Indore, with 22K gold at ?54,900 and 24K gold at ?59,900. These rates highlight the fluctuations in gold pricing across different regions in India on this date.

City-wise Breakdown of Gold Rates Today in India (INR)

Here is the city-wise breakdown of gold rates in India for January 16, 2025, listed in INR per 10 grams:

Factors Influencing Gold Prices

Gold prices are influenced by several key factors:

• Supply and Demand: When more people want to buy gold than sell it, prices go up. If there is more gold available than people want to buy, prices go down.
• Economic Conditions: In times of economic recession, people often buy gold as a safe investment, which can raise prices.
• Inflation: When prices for goods and services rise (inflation), gold is seen as a good way to protect wealth, leading to higher demand and prices.
• Interest Rates: Low interest rates make gold more attractive because it does not earn interest.
• Currency Strength: The value of the U.S. dollar affects gold prices. If the dollar weakens, gold becomes cheaper for buyers using other currencies, increasing demand and raising prices.

What is 22-carat gold rate today in Indore?

As of January 16, 2025, the rate for 22-carat gold in Indore is ?54,800 per 10 grams. This price reflects current market trends and is essential for those looking to purchase or invest in gold jewelry. In comparison, the price for 24-carat gold in Indore is ?59,800 per 10 grams, indicating a premium for higher purity gold. These rates are subject to fluctuations based on various economic factors and local demand.

Gold Rate Today: Market Insights

On January 16, 2025, gold prices saw a decent rise. The price for 24-carat gold is about ?80,698 for 10 grams, while 22-carat gold is around ?55,300 for 10 grams. Buyers and investors are carefully watching these changes to decide about buying or investing in gold.

FAQs

1. What is the price of 22K and 24K gold in Delhi today?

Answer: The price of 22K gold in Delhi on January 16, 2025, is ?73,201 per 10 grams, while 24K gold is priced at ?79,914 per 10 grams. These rates are influenced by market demand and local economic conditions.

2. How much do 22K and 24K gold cost in Mumbai today?

Answer: In Mumbai, the price of 22K gold is ?73,919 per 10 grams, and 24K gold costs ?80,698 per 10 grams. Mumbai's rates are slightly higher compared to some cities due to its active gold market.

3. What are the gold prices in Indore today?

Answer: On January 16, 2025, 22K gold in Indore is priced at ?54,800 per 10 grams, while 24K gold costs ?59,800 per 10 grams. These rates reflect slight variations due to local demand and supply factors.

4. Why do gold prices differ across cities in India?

Answer: Gold prices vary across cities due to differences in demand, local taxes, transportation costs, and international market trends. For instance, prices in cities like Mumbai and Bangalore might be slightly higher than in smaller cities.

5. How can I stay updated on daily gold prices?

Answer: You can stay updated on daily gold prices by checking online gold rate trackers or local jewellers.

Note: Figures may be subject to change; details mentioned here are as per the information available. For more informative articles on upcoming market fluctuations from around the world, please visit In Indiatimes Events.