Gold prices today in India moved higher on Friday, January 9, with 24K, 22K and 18K gold rates edging up across major cities. The rise comes as investors turned to safe-haven assets amid growing global uncertainty and geopolitical tensions. In contrast, silver prices today witnessed a sharp correction, slipping from record highs as profit booking intensified.
Table of Contents
Why Gold Prices Are Rising
Market participants said gold prices strengthened as investors sought safety due to:
- Rising global geopolitical tensions
- Political uncertainty in Latin America
- Expectations of interest rate cuts by the US Federal Reserve
Bullion prices are currently hovering near record highs, and analysts believe gold could scale fresh peaks if global risks persist.
Gold Rates Today Across Major Indian Cities (Jan 9)
Here are the latest gold prices per gram in key cities:
- Delhi:
- 24K: ₹13,886
- 22K: ₹12,730
- 18K: ₹10,418
- Chennai:
- 24K: ₹13,964
- 22K: ₹12,800
- 18K: ₹10,680
- Mumbai / Bengaluru / Hyderabad / Kolkata / Pune:
- 24K: ₹13,871
- 22K: ₹12,715
- 18K: ₹10,403
- Ahmedabad / Indore:
- 24K: ₹13,876
- 22K: ₹12,720
- 18K: ₹10,408
Gold rates remained largely uniform across metros, reflecting strong demand and global cues.
Silver Prices Today Crash From Record Highs
Unlike gold, silver prices today fell sharply on Friday as investors booked profits after recent record highs.
In the national capital:
- Silver price dropped by ₹12,500
- Current rate: ₹249 per gram or ₹2,49,000 per kg
- Previous session high: ₹2,56,000 per kg
Analysts said the decline was driven by profit booking, easing safe-haven demand, and a steady US dollar.
Silver Rates in Major Cities (Jan 9)
- Delhi / Mumbai / Bengaluru / Pune / Kolkata:
- ₹249 per gram | ₹2,49,000 per kg
- Chennai / Hyderabad / Coimbatore / Vijayawada / Visakhapatnam:
- ₹268 per gram | ₹2,68,000 per kg
What Investors Should Watch Next
Market experts suggest bullion prices may remain volatile in the near term, depending on:
- Global geopolitical developments
- US economic data
- Signals on future interest rate cuts
Gold continues to attract investors as a safe asset, while silver may see further corrections if profit booking persists.
In the coming days, gold and silver prices in India are expected to remain sensitive to global cues and currency movements.
Follow MunsifNews24x7 for latest updates.
