Gold Prices Show Minor Decline Across India on January 15
Gold rates in India experienced a slight downward movement today, Thursday, January 15. After a period of notable volatility, the precious metal's prices eased across all purity levels. This comes following a sharp rise last week that saw gold hitting record highs.
Current Gold Rates Per Gram in India
As of today, the price of 24-carat gold stands at ₹14,318 per gram. This represents a decrease of ₹82 from previous levels. The 22-carat gold is now priced at ₹13,125 per gram, marking a drop of ₹75. Meanwhile, 18-carat gold settled at ₹10,739 per gram after falling by ₹61.
24-carat gold is considered the purest form and is typically favored for investment purposes. 22-carat and 18-carat gold are more commonly used in jewellery making due to their durability and workability.
Gold Prices in Major Indian Cities
Here is a city-wise breakdown of today's gold rates per gram across India:
- Chennai: 24K - ₹14,498, 22K - ₹13,290, 18K - ₹11,090
- Mumbai: 24K - ₹14,318, 22K - ₹13,125, 18K - ₹10,739
- Delhi: 24K - ₹14,333, 22K - ₹13,140, 18K - ₹10,754
- Kolkata: 24K - ₹14,318, 22K - ₹13,125, 18K - ₹10,739
- Bangalore: 24K - ₹14,318, 22K - ₹13,125, 18K - ₹10,739
- Hyderabad: 24K - ₹14,318, 22K - ₹13,125, 18K - ₹10,739
- Kerala: 24K - ₹14,318, 22K - ₹13,125, 18K - ₹10,739
- Pune: 24K - ₹14,318, 22K - ₹13,125, 18K - ₹10,739
- Vadodara: 24K - ₹14,323, 22K - ₹13,130, 18K - ₹10,744
- Ahmedabad: 24K - ₹14,323, 22K - ₹13,130, 18K - ₹10,744
Market Context and Recent Trends
The gold market in India has shown considerable movement in recent weeks. Last week witnessed a dramatic surge, with prices climbing to approximately ₹51,500 per 100 grams of 24-carat gold within just five days. This represented a record high for the yellow metal.
Today's modest decline interrupts that upward trajectory. Market analysts attribute recent price fluctuations to various global factors, including geopolitical tensions such as the US-Venezuela conflict. These international developments often influence investor sentiment toward safe-haven assets like gold.
The slight correction today suggests a period of consolidation following last week's rapid ascent. Investors and consumers alike are watching closely to see if this represents a temporary pause or the beginning of a more sustained downward trend.
Gold remains a popular investment choice and jewellery component across India. Its price movements affect millions of households, particularly during wedding seasons and festive periods when gold purchases traditionally increase.
