Gold Prices Today (Jan 29): Check the latest 22K, 24K, and 18K gold rates in Delhi, Mumbai, Bengaluru, Chennai, Kolkata, and other major Indian cities. Gold hits record highs amid global demand and weak dollar.
Gold prices in India continued their upward trajectory on Thursday, January 29, reaching fresh record levels in major cities. The rally is supported by positive global cues, sustained safe-haven demand, and a weaker US dollar.
In the domestic futures market, gold has shown consistent gains as investors turn to the precious metal amid rising geopolitical uncertainty. Market analysts noted that the fall in the US currency has boosted the appeal of gold, a non-yielding asset, as a preferred investment during times of economic and political risks.
Global Factors Driving Gold Prices
International developments also played a significant role in pushing gold prices higher. Ongoing geopolitical tensions and expectations of accommodative monetary policies in major economies have strengthened bullion demand. Investors continue to view gold as a safe-haven asset, driving prices across domestic and international markets.
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Gold Rates Today in Major Indian Cities (Per Gram)
Delhi: 24K – ₹17,900 | 22K – ₹16,410 | 18K – ₹13,429
Mumbai: 24K – ₹17,885 | 22K – ₹16,395 | 18K – ₹13,414
Bengaluru: 24K – ₹17,885 | 22K – ₹16,395 | 18K – ₹13,414
Chennai: 24K – ₹18,328 | 22K – ₹16,800 | 18K – ₹13,900
Kolkata: 24K – ₹17,885 | 22K – ₹16,395 | 18K – ₹13,414
Pune: 24K – ₹17,885 | 22K – ₹16,395 | 18K – ₹13,414
Other major cities like Hyderabad, Ahmedabad, Indore, Lucknow, Coimbatore, Bhubaneswar, Mysore, Kanpur, Salem, Visakhapatnam, Vijayawada, and Patna also reported similar record levels for 22K and 24K gold.
Why Gold Prices Are Climbing
Weak US Dollar: A declining US dollar has strengthened gold’s appeal as a safe investment.
Geopolitical Tensions: Global uncertainties and conflicts have increased safe-haven demand for gold.
Monetary Policy Expectations: Anticipation of easier interest rates globally is driving investor confidence in bullion.
Sustained Domestic Demand: Retail and institutional investors in India continue to buy gold, pushing prices upward.
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