Gold prices in India today, 13th January 2025, are rising strongly and have continued the upward momentum from last week. The global gold market is facing headwinds due to a strengthening U.S. dollar, but the Indian gold market is doing well due to robust domestic demand and strong market sentiment. This surge in gold prices in India is a reflection of the growing appetite for precious metals amid economic uncertainties.
The gold price for 24-carat per 10 grams was on January 13th, 2025 at Rs. 73,400 which increased by Rs. 400 from the previous day’s rate. At the same time, the gold price for 22-carat per 10 grams increased by Rs. 430 to Rs. 80,070. Similarly, the gold price for 18-carat per 10 grams increased by Rs. 330 and the rate stood at Rs. 60,060. Interestingly, the price of gold in India today for 100 grams of 24-carat gold has also gone up to Rs. 8,00,700, with a rise of Rs. 4,300.
Gold and silver prices in India today rise: A good day for the commodity market
With the increasing gold prices, silver prices too have witnessed a hike. Silver is now available at Rs. 94,500 per kg, which is Rs. 1,000 more than earlier, and 100 grams of silver has cost Rs. 9,430, up by Rs. 100.
According to market analysts, higher increases in gold prices are related to international signals, such as an above-target employment report in the United States and uncertainty in the international political arena. At MCX India, gold futures for February 5, 2025, witnessed an increase of 195 points at Rs. 78,618. Silver futures for March 5, 2025, tumbled by 0.18% now to Rs. 92,340.
Domestic gold prices continued to be shaped by international factors and local happenings as gold prices around the world rose to $2,689.09 per ounce. Experts are predicting a positive view with caution while advising strict stop-losses since the market was volatile.
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