Do you know what the gold prices were in India on January 24, 2024? Unlike what you might be witnessing today – January 17, 2025 – a sharp rise in gold prices, the gold prices in India didn’t fluctuate much on that particular day. Let’s go through the gold prices in all the major cities.
Gold Price Remained Stable in Major Cities
It is a welcome respite for gold buyers as gold prices remained stable in major Indian cities on January 24, 2024. Here’s a quick look at the prices for 24-carat gold in grams of 10 in some of the key cities: Mumbai: ₹ 64,170 Delhi: ₹ 64,265 Chennai: ₹ 64,385 Kolkata: ₹ 64,455 Bengaluru: ₹ 64,430 Hyderabad: ₹ 64,325 These indicate a minor difference between the cities, but overall, the market seems to have been stable on that day.
Silver Price Mixed Performance
Gold rates stabilized while the silver rate depreciated marginally on January 24, 2024. Its average rate moved at around ₹ 75,000 per kg. That has fallen behind what it is right now.
Driving Factors for January 2024 Gold Prices
To gain valuable context, a summary of drivers possibly impacting gold price during January 2024 should be mentioned below: Post-Wedding Season: January always comes after India’s peak season for weddings. This could explain the drop, which resulted in stable prices. Global Market Shifts: The changes in the International market may also have caused changes in gold rates. While shifts may have been volatile, it still may not be the reason to cause the major shift on a particular day for the Indian Market.
Conclusion
Had you wanted to invest in gold during January 2024, then you would find a stable market with very low fluctuations in gold prices between big cities. Never forget that gold prices change every now and then, based on several global and domestic factors. The above information is based on public data available as of January 24, 2024. Always refer to reputable sources for the latest gold prices before investing.
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