Gold prices at ₹5,770 per gram, silver prices unchanged on Jan 13

India is the largest importer of gold, and the imports meet the demands of the jewellery industry.

Published on: Jan 13, 2024, 10:17:09 IST

By HT News Desk

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Gold prices on Saturday remained at ₹5,770 per gram for 22K gold and ₹6.295 per gram for 24K gold. ‘K’ or carat is a term used to measure the purity of gold. A 24K gold is considered pure gold as it contains 99 per cent purity. It is in liquid form and cannot be used to make jewellery.

On the other hand, a 22K gold contains traces of other metals like copper and zinc. It can be used to make jewellery.

Here are gold prices for five major Indian cities on January 13, 2024:

Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Thursday, Nov 04, 2021

CITY	22K GOLD PRICE (Rs/10 GMS)	24K GOLD (Rs/10 GMS)
DELHI	57,850	63,100
MUMBAI	57,700	62,950
KOLKATA	57,700	62,950
CHENNAI	58,200	63,490
BENGALURU	57,700	62,950

India is the largest importer of gold, and the imports meet the demands of the jewellery industry. Gold prices are dependent on factors including currency, global developments, interest rates etc. If the rupee slides against the US dollar, the gold prices will increase. In the cities, gold rates are determined by various factors including demand, state taxes, octroi, interest levied etc.

Silver prices

The price of silver remained at ₹76 per gram on Saturday. Silver is always in demend in India's jewellery markets. Due to this huge demand, the availability of this precious metal is declining.

Here are the silver prices for major cities on January 13, 2024:

CITY	SILVER PRICE (Rs/10 GMS)
DELHI	760
MUMBAI	760
KOLKATA	760
CHENNAI	775
BENGALURU	732.50

Silver prices are determined on other factors including gold rates, industrial demand, bulk purchases, inflation etc. If the price of gold increase, the silver rate will increase and vice versa.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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