Market News
3 min read | Updated on January 08, 2025, 10:01 IST
SUMMARY
In Delhi markets, 24K gold prices unchanged at ₹78,850 per 10 grams and 22K gold at ₹72,290 per 10 grams. Silver prices rebounded by ₹1,200 to ₹92,600 per kg in major Indian cities.
Gold and Silver Price Today (January 8): Gold trades flat, silver jumps ₹1,200
Gold prices remained unchanged at ₹78,700 per 10 grams for the third straight day in early trade on Wednesday due to thin volumes and mixed cues.
The precious metal moved in a range in global markets as investors turned cautious ahead of the release of US Fed minutes. While uncertainty around US trade policy is supporting the metal, a firm US dollar and rising bond yields are weighing on the metal.
In the domestic market, a weak rupee is supporting the metal while thin trading and poor offtake are capping its gains.
Spot gold slipped by 0.04% at $2,647 an ounce in early Asian trade. The metal moved in a tight range of $2,645 an ounce to $2,651 an ounce in early trade.
In Delhi markets, 24K gold prices remained unchanged at ₹78,850 per 10 grams and 22K gold at ₹72,290 per 10 grams. In Mumbai, 24K Gold traded at ₹78,700 per 10 grams and 22K gold at ₹72,140 per 10 grams.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹72,290 | ₹78,850 |
Mumbai | ₹72,140 | ₹78,700 |
Chennai | ₹72,140 | ₹78,700 |
Kolkata | ₹72,140 | ₹78,700 |
Silver prices rebounded by ₹1,200 to ₹92,600 per kg in major Indian cities on Wednesday, mainly due to a weak rupee and some pick-up in demand from industrial users.
The white metal traded above $30 an ounce in global markets, which also bolstered its prices in local markets.
Spot Silver was up 0.14% to $30.10 an ounce in early Asian trade. The metal moved between $30.01 an ounce and $30.15 an ounce in early trade.
City | Silver Price (per kg) |
---|---|
Delhi | ₹92,600 |
Mumbai | ₹92,600 |
Chennai | ₹100,100 |
Kolkata | ₹92,600 |
Gold prices remained flat for the third day due to thin trading and mixed cues. A strong dollar is capping gains, while some safe-haven demand is backing the metal. Silver prices rebounded on Wednesday after a two-day lull due to local demand and firm global trends.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Jan 8 | ₹72,140 | ₹78,700 | ₹92,600 |
Jan 7 | ₹72,140 | ₹78,700 | ₹91,400 |
Jan 6 | ₹72,140 | ₹78,700 | ₹91,400 |
Jan 4 | ₹72,150 | ₹78,710 | ₹91,500 |
Jan 3 | ₹71,810 | ₹78,340 | ₹90,400 |
Jan 2 | ₹71,510 | ₹78,010 | ₹90,400 |
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