Gold price today: Gold prices have decreased on Monday 27 January. There has been a slight decline in the continuous rise in gold prices. The impact of the weakness of global markets has also been seen on Indian markets. 24 carat gold is known for its purity and quality. At the same time, 22 carat gold is the first choice of jewelers due to its strength. On Monday, the price of 24 carat gold is traded in major cities around Rs 82,400 per 10 grams and 22 carats around Rs 75,500. Last week, gold came around its record level.
Gold prices in Delhi and Mumbai
In Delhi, 24 carat gold fell by Rs 10 to Rs 82,5600 per 10 grams, while 22 carat gold was recorded at Rs 75,690 per 10 grams. The price of 24 carat gold in Mumbai is trading at Rs 82,410 and 22 carat gold at Rs 75,540 per 10 grams.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 75,690 | 82,560 |
| Chennai | 75,540 | 82,410 |
| Mumbai | 75,540 | 82,410 |
| Kolkata | 75,540 | 82,410 |
Silver also became cheap
On Monday, the price of silver fell by Rs 100 to Rs 97,400 per kg. Silver prices have declined due to weak domestic demand. Last week, gold prices reached a record high, but silver prices are trading within a limited range.
How the price of gold in India is 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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