There was a rise in the price of gold in the bullion market of the country today on Tuesday. In most cities the price of gold is trading above Rs 63,000. In Delhi-NCR, the rate of 24 carat gold is trading above Rs 63,590. Gold rate in Chennai has reached above Rs 64,000.
Gold Rate 16 January 2024: There was a rise in the price of gold in the bullion market of the country today on Tuesday. In most cities the price of gold is trading above Rs 63,000. In Delhi-NCR, the rate of 24 carat gold is trading above Rs 63,590. Gold rate in Chennai has reached above Rs 64,000. The rate of silver is at Rs 76,500. Know the latest gold rate here..
Today’s gold rate in Delhi
The price of 22 carat gold in Delhi was Rs 58,300 per 10 grams. For 24 carat, customers will have to pay Rs 63,590 per 10 grams.
Today’s gold rate in Mumbai
The retail price of 22 carat gold in Mumbai is Rs 58,150 and the price of 24 carat gold is Rs 63,440 per 10 grams.
Today’s gold rate in Chennai
In Chennai, 22 carat gold was Rs 58,700 per 10 grams. The retail price of 24 carat gold in Chennai, the capital of Tamil Nadu, is Rs 64,040 per 10 grams.
This was the gold rate in big cities of the country on January 16, 2024
| City | 22 carat gold rate | 24 carat gold rate |
| Ahmedabad | 58,200 | 63,490 |
| Gurugram | 58,200 | 63,480 |
| Kolkata | 58,150 | 63,440 |
| Lucknow | 58,300 | 63,590 |
| Bangalore | 58,150 | 63,440 |
| Jaipur | 58,300 | 63,590 |
| Patna | 58,200 | 63,490 |
| Bhubaneswar | 58,150 | 63,440 |
| Hyderabad | 58,150 | 63,440 |
Gold prices depend on these reasons
The price of gold is largely decided on the basis of demand and supply of gold in the market. If the demand for gold increases, the rate will also increase. If the supply of gold increases, the price will decrease. The price of gold is also affected by global economic conditions. For example, if the international economy is performing poorly, investors will look to gold as a safe investment option. This will increase the price of gold.
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