Editor’s Note
This article reflects the dynamic nature of precious metals markets, where prices can shift rapidly in response to global events and investor sentiment. The figures cited are specific to a domestic market and illustrate the volatility inherent in such assets.
Amid global market uncertainty and increasing demand for safe-haven investments, gold and silver continue to be in the spotlight. While on January 9th, silver surged by 6,500 rupees to 250,000 rupees per kg and gold rose by 1,200 rupees to 141,700 rupees per 10 grams in the domestic market, a different trend was observed on January 10th. Investors are now closely watching the next price movements, as the market is reacting swiftly to geopolitical tensions, the dollar’s movement, and investments in ETFs.
On January 10th, the price of 24-carat gold in India was 13,932 rupees per gram, an increase of 1 rupee from the previous day. For 22-carat, it was 12,771 rupees per gram, and the rate for 18-carat was recorded at 10,449 rupees per gram. The rates for 8 grams, 10 grams, and 100 grams also saw a slight increase. No significant price differences were observed in major cities. In Delhi, it was 13,947 rupees per gram; in Mumbai and Bengaluru, 13,932 rupees per gram; and in Chennai, 13,965 rupees per gram. Over the first ten days of January, gold has clearly taken an upward direction. While the 24K rate was 13,506 rupees on January 1st, it increased to 13,932 rupees by January 10th, representing a gain of approximately 3.15%.
Regarding silver, on January 10th, the grey metal showed slight weakness compared to January 9th. While silver was 249,000 rupees per kg on January 9th, it decreased to 248,900 rupees per kg on January 10th. The per-gram rate was 248.90 rupees, which is 0.10 rupees lower. The same rate was observed in major cities like Delhi, Mumbai, and Kolkata, while in Chennai, it was recorded at 267,900 rupees per kg. Looking from the beginning of January until now, silver’s overall performance is still strong. It rose from 238,000 rupees per kg on January 1st to 248,900 rupees per kg on January 10th, representing a gain of approximately 4.58%. In recent days, silver had also touched a high of 257,000 rupees.
