Gold prices edged higher on Saturday, January 10, amid ongoing global economic and political uncertainties, reinforcing the metal’s appeal as a safe-haven asset.,In Mumbai, 24-carat gold rose to Rs 1,39,320 per 10 grams, while 22-carat gold was priced at Rs 1,27,710 per 10 grams. These rates exclude GST and making charges. Meanwhile, silver was trading at around Rs 2,48,900 per kg in the spot market.,Gold Rates Across Major Indian Cities (January 10),Delhi,22K Gold: Rs 1,27,860 per 10g,24K Gold: Rs 1,39,470 per 10gJaipur,22K Gold: Rs 1,27,860 per 10g,24K Gold: Rs 1,39,470 per 10gAhmedabad,22K Gold: Rs 1,27,760 per 10g,24K Gold: Rs 1,39,370 per 10gPune,22K Gold: Rs 1,27,710 per 10g,24K Gold: Rs 1,39,320 per 10gMumbai,22K Gold: Rs 1,27,710 per 10g,24K Gold: Rs 1,39,320 per 10gHyderabad,22K Gold: Rs 1,27,710 per 10g,24K Gold: Rs 1,39,320 per 10gChennai,22K Gold: Rs 1,27,710 per 10g,24K Gold: Rs 1,39,320 per 10gBengaluru,22K Gold: Rs 1,27,710 per 10g,24K Gold: Rs 1,39,320 per 10gKolkata,22K Gold: Rs 1,27,710 per 10g,24K Gold: Rs 1,39,320 per 10g,Market Trends and Dealer Insights,Indian gold dealers this week charged premiums of up to $6 per ounce over official domestic prices, including a 6% import duty and 3% sales tax. This marks a sharp decline from last week’s premiums of up to $15 per ounce.,Domestic gold prices were hovering around Rs 1,38,000 per 10 grams, close to the record high of Rs 1,40,465.,However, demand remained muted. According to a Mumbai-based bullion dealer associated with a private bank, jewellers reported very thin footfall, with only marginal buying of coins and bars.,Global Market Snapshot,In China, the world’s largest gold consumer, bullion traded at premiums as high as $21 per ounce over global spot prices this week, compared with $3 per ounce last week.,Globally, gold prices have surged 67% so far this year, driven by strong safe-haven demand, expectations of US interest rate cuts, and a weaker US dollar. Prices touched a record $4,549.7 per troy ounce on December 26.,Indian gold prices have risen even faster, gaining 77% in 2025, significantly outperforming the Nifty 50’s 9.7% return, supported by a 5% depreciation of the rupee against the dollar.,What Drives Gold Prices in India?,Gold prices in India are influenced by multiple factors, including:,International gold ratesImport duties and taxesCurrency exchange rate movements,Beyond its investment appeal, gold holds deep cultural significance in India, playing a central role in weddings, festivals, and long-term savings. With volatile global markets, investors and traders continue to track price movements closely to navigate shifting trends effectively.,Get Latest News Live on Times Now along with Breaking News and Top Headlines from Business, Economy and around the World.
स्रोत: Timesnownews
