Gold and silver price January 14: Gold rate jumps ₹460 per 10 gram amid fall in rupee

Gold prices rebounded by ₹460 per 10 grams in major Indian cities on Tuesday following the rupee falling below 86 against the US dollar and firm global trends.

Gold of 24K traded above ₹80,000 per 10 grams in the early session as the precious metal gained in Asian trading hours.

The rupee sank to a record low of 86.7 against the US dollar, which bolstered gold prices. A cheaper rupee makes gold imports costlier.

Spot gold rose by 0.31% to $2,671 an ounce in early Asian trade. The metal moved between $2,663 and $2,672 an ounce in early trade.

Gold Price Today in India (January 14, 2024)

In Delhi markets, 24K gold prices rose by ₹440 to ₹80,230 per 10 grams and 22K gold by ₹420 to ₹73,560 per 10 grams. The 24K Gold in Mumbai gained ₹460 to ₹80,080 per 10 grams and 22K gold to ₹73,410 per 10 grams.

Gold Price Today in Major Cities:

Silver Price Today in India (January 14, 2025)

Silver prices jumped by ₹1,200 to ₹94,600 per kg in major Indian cities on Tuesday mainly due to a weaker rupee and firm domestic demand.

The metal slipped below the $30 an ounce level in overnight trade before gaining some ground in early Asian trade, which capped its gains.

Spot Silver was almost flat at $29.60 an ounce in early Asian trade. The metal moved between $29.55 an ounce and $29.75 an ounce in early trade.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

A pullback in US bond yields and the dollar has supported gold prices in global markets. A weak rupee also fuelled the prices, taking the metal above ₹80,000 per 10 grams in local markets for the first time since November's first week.

Firm demand from industrial users and weak local currency has also helped silver cut losses and post-rebound despite lacklustre trade in global markets.

Here’s a comparison of gold and silver prices from earlier this week: