Moving towords 2024: Unveiling Gold and Silver Prices January 1st 2024

On January 1, gold and silver prices stood still across major Indian cities, maintaining their unchanged status since December 30. The cost for one gram of 24K gold was ₹5,877, and for 22K gold, it was ₹6,397. Simultaneously, silver held steady at ₹78.60 per gram.

A minor dip occurred on December 30, witnessing gold drop by roughly ₹400, and silver by ₹1. Ever since, these prices have held firm, marking a quiet start to the New Year.

Here’s a quick breakdown of the city-wise gold rates on January 1:

• Delhi:
  • 22K Gold: ₹56,700 (Rs/10 GMS)
  • 24K Gold: ₹63,970 (Rs/10 GMS)
• Mumbai:
  • 22K Gold: ₹58,550
  • 24K Gold: ₹63,870
• Kolkata:
  • 22K Gold: ₹58,550
  • 24K Gold: ₹63,870
• Bengaluru:
  • 22K Gold: ₹58,550
  • 24K Gold: ₹63,870
• Chennai:
  • 22K Gold: ₹59,100
  • 24K Gold: ₹64,470

Remember, these rates exclude GST, TCS, and additional charges. The final price for the day can only be provided by your local jeweler.

Moving on to silver, it echoed gold’s steadiness on January 1, with a consistent rate of ₹78.60 per gram across major cities. The last shift in silver prices was observed on December 30, where rates saw a slight decline of ₹1.20.

City-wise silver rates on January 1 are as follows:

• Delhi: ₹786 (Rs/10 GMS)

• Mumbai: ₹786
• Kolkata: ₹786
• Bengaluru: ₹760
• Chennai: ₹800

To sum it up, as we transition into 2024, the precious metal market seems to have taken a breather. The quiet start to the year, with unchanged gold and silver prices, invites reflection on the stability these assets offer amidst market fluctuations.

It’s crucial to note that these figures provide a basic understanding. The actual cost you’ll pay may vary based on additional charges. For the precise daily rate, it’s always best to consult your local jeweler, who can offer a comprehensive breakdown.

As the year unfolds, keeping an eye on these trends can provide insights into the broader economic landscape. Whether you’re a keen investor or just curious about the market, staying informed ensures you make decisions aligned with your financial goals. Cheers to a steady start and an exciting journey ahead!