Gold prices in India edged lower on Thursday, January 8, tracking mild weakness in global bullion prices and profit-booking after the recent rally. As per the latest data, 24-carat gold is priced at Rs 13,800 per gram, down Rs 27 from the previous session.
Meanwhile, 22-carat gold slipped by Rs 25 to Rs 12,650 per gram, while 18-carat gold eased by Rs 21 to Rs 10,350 per gram, indicating a broad-based decline across purity levels.
On a weight-wise basis, the price of 10 grams of 24K gold fell by Rs 270 to Rs 1,38,000, while 100 grams declined by Rs 2,700 to Rs 13,80,000. Similarly, 10 grams of 22K gold is now priced at Rs 1,26,500, down Rs 250, and 100 grams at Rs 12,65,000, lower by Rs 2,500. For 18K gold, 10 grams costs Rs 1,03,500, down Rs 210, while 100 grams slipped by Rs 2,100 to Rs 10,35,000.
Market participants said gold prices faced pressure as investors booked profits following recent gains, even as expectations of interest rate cuts by major central banks continued to provide underlying support to the yellow metal globally.
Domestic gold prices typically track international trends, along with movements in the rupee against the US dollar and import-related costs. Local taxes, making charges and levies may cause variations in prices across cities.
The rates mentioned are indicative and do not include GST, TCS or jeweller-specific charges. Buyers are advised to check final prices with local jewellers before making purchases.