Gold prices in India traded slightly lower on Thursday, January 16, reflecting mixed global cues and a stronger US dollar, even as domestic demand on MCX remained resilient. While international spot gold stayed under pressure due to rising US Treasury yields and firm economic data, MCX gold prices continued to hold a positive structure, supported by sustained buying interest.
Gold price in India today (January 16)
As per the latest available data, 24-carat gold is priced at Rs 14,340 per gram, 22-carat gold at Rs 13,145 per gram, and 18-carat gold at Rs 10,755 per gram. All rates are indicative and exclude GST, TCS, and making charges.
24-carat gold rate today in India
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 14,340 | Rs 14,362 | – Rs 22 |
| 8 grams | Rs 1,14,720 | Rs 1,14,896 | – Rs 176 |
| 10 grams | Rs 1,43,400 | Rs 1,43,620 | – Rs 220 |
| 100 grams | Rs 14,34,000 | Rs 14,36,200 | – Rs 2,200 |
22-carat gold rate today in India
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 13,145 | Rs 13,165 | – Rs 20 |
| 8 grams | Rs 1,05,160 | Rs 1,05,320 | – Rs 160 |
| 10 grams | Rs 1,31,450 | Rs 1,31,650 | – Rs 200 |
| 100 grams | Rs 13,14,500 | Rs 13,16,500 | – Rs 2,000 |
18-carat gold rate today in India
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 10,755 | Rs 10,772 | – Rs 17 |
| 8 grams | Rs 86,040 | Rs 86,176 | – Rs 136 |
| 10 grams | Rs 1,07,550 | Rs 1,07,720 | – Rs 170 |
| 100 grams | Rs 10,75,500 | Rs 10,77,200 | – Rs 1,700 |
What is influencing gold prices today?
Internationally, spot gold has been facing mild pressure as stronger US economic data has reinforced expectations that the US Federal Reserve may keep interest rates unchanged for longer. This has pushed the US dollar and bond yields higher, weighing on bullion prices.
In contrast, MCX gold continues to show strength due to persistent domestic buying and a well-defined upward trend on technical charts, indicating that any short-term dips are being absorbed by buyers.
FAQs on gold prices in India
Why do gold prices differ across carats?
Gold purity varies by carat. 24K is the purest form, while 22K and 18K contain alloys, making them cheaper.
Do these gold rates include GST and making charges?
No, the quoted prices are indicative and exclude GST, TCS, and jewellery making charges.
Why do gold prices change daily?
Gold prices are influenced by global spot prices, currency movements, interest rates, inflation expectations, and domestic demand.
Is MCX gold different from spot gold prices?
Yes. MCX gold reflects futures pricing in India, while spot gold refers to international physical gold prices.
Gold prices are expected to remain sensitive to global macroeconomic developments and currency movements, keeping traders and buyers closely watchful in the sessions ahead.
