Gold price today: Today Gold has become cheaper for the second consecutive day on Tuesday. Before the budget is presented, there is a little correction in the price of gold. On January 28, 10 grams of 24 carat and 22 carat gold have been reduced by Rs 230. Gold prices were soft due to weakness of global markets and slight decrease in domestic market.
24 and 22 carat gold prices
On Tuesday, the price of 24 carat gold was Rs 82,200 per 10 grams in major cities. At the same time, 22 carats are trading around Rs 75,300. Last week, gold came around its record level. However, there is a little correction in gold. 24 carat gold is known for its purity and quality. At the same time, 22 carat gold is known for its strength. Jewelers make 22 carat gold jewelery.
Gold prices in Delhi and Mumbai
In Delhi, 24 carat gold fell by about Rs 200 to Rs 82,390 per 10 grams, while 22 carat gold was recorded at Rs 75,540 per 10 grams. The price of 24 carat gold in Mumbai is trading at Rs 82,240 and 22 carat gold at Rs 75,390 per 10 grams.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 75,540 | 82,390 |
| Chennai | 75,390 | 82,240 |
| Mumbai | 75,390 | 82,240 |
| Kolkata | 75,5390 | 82,240 |
Silver became cheap on 28 January
On Tuesday 28 January, silver price was Rs 1,000. The price of silver has fallen by Rs 1000 to Rs 96,400 per kg. Silver prices have declined due to weak domestic demand.
How is the price of gold in India decided?
Gold prices in India depend on the international market, import duty, tax and the price of rupee. All these things are fixed by the prices of gold. Gold is not only for investment in India, but also its cultural and traditional importance. The demand for gold increases significantly during marriage and festivals, which also affects its prices.
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