Gold Price Today: The price of gold has fallen on Monday, January 27. There has been a slight decline in the continuous rise in the price of gold. The impact of the weakness in the global markets has also been seen on the Indian markets. 24 carat gold is known for its purity and quality.
Gold Price Today: The price of gold has come down on Monday 27 January. There has been a slight decline in the continuous rise in the price of gold. The effect of the weakness of global markets has also been seen on the Indian markets. 24 carat gold is known for its purity and quality. At the same time, 22 carat gold remains the first choice of jewelers due to its strength. On Monday, the price of 24 carat gold is trading around Rs 82,400 per 10 grams and 22 carat at Rs 75,500 in major cities. Last week, gold had come close to its record level.
Gold prices in Delhi and Mumbai
In Delhi, 24 carat gold fell by Rs 10 to Rs 82,5600 per 10 grams, while 22 carat gold was recorded at Rs 75,690 per 10 grams. In Mumbai, the price of 24 carat gold is 82,410 and 22 carat gold is trading at Rs 75,540 per 10 grams.
| City Name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 75,690 | 82,560 |
| Chennai | 75,540 | 82,410 |
| Mumbai | 75,540 | 82,410 |
| Kolkata | 75,540 | 82,410 |
Silver also became cheaper
On Monday, the price of silver fell by Rs 100 to Rs 97,400 per kg. Silver prices have fallen due to weak domestic demand. Gold prices reached record highs last week, but silver prices are trading in a limited range.
How is the price of gold decided in India
The price of gold in India depends on the international market, import duty, tax and the value of the rupee. All these things determine the price of gold. Gold is not only used for investment in India, but it also has cultural and traditional importance. The demand for gold increases a lot during weddings and festivals, which also affects its prices.
