<a href="https://www.mid-day.com/business/business-news/article/gold-prices-today-january-14-check-rates-in-mumbai-delhi-and-other-cities-23611951" target="_blank" rel="none noopener">Gold prices </a>edged lower while silver registered modest gains in early trade on Friday, according to market data.
The price of 24-carat gold declined by Rs 10 to Rs 1,43,610 per 10 grams. Similarly, 22-carat gold slipped by Rs 10, with 10 grams trading at Rs 1,31,640.
Across major cities, 24-carat gold was priced at Rs 1,43,610 per 10 grams in Mumbai and Kolkata, while Chennai recorded a higher rate of Rs 1,44,990. In Delhi, the price stood at Rs 1,43,760 per 10 grams.
For 22-carat gold, rates in <a href="https://www.mid-day.com/business/business-news/article/gold-price-updates-prices-in-mumbai-cross-1-4-lakh-mark-yet-again-23612119" target="_blank" rel="none noopener">Mumbai</a>, Kolkata, Bengaluru, and Hyderabad were uniform at Rs 1,31,640 per 10 grams. Chennai saw the metal trading at Rs 1,32,910, while Delhi recorded a price of Rs 1,31,790 per 10 grams.
Silver prices, meanwhile, moved higher. The price of one kilogram of silver rose by Rs 100 to Rs 2,95,100 in Delhi, Kolkata, and Mumbai. In Chennai, silver was trading at a higher level of Rs 3,10,100 per kilogram.
<h2>Gold, silver prices ease moderately as US dollar gains</h2>
Gold and <a href="https://www.mid-day.com/news/india-news/article/silver-reaches-record-price-of-rs-2-4-lakh-per-kg-in-delhi-markets-gold-slips-as-traders-book-profits-23609800" target="_blank" rel="none noopener">silver prices</a> fell on MCX and global markets on Friday as the US dollar strengthened, following weaker than expected weekly jobless claims.&nbsp;
Further, a softer tone from US President Donald Trump on Iran reduced safe‑haven demand for the precious metals.
MCX gold February futures dipped 0.26 per cent to Rs 1,42,743 per 10 grams in morning trade, while MCX silver March futures eased 0.94 per cent to Rs 2,88,824 per kg.
Spot gold eased about 0.29 per cent to $4,602.43 an ounce, though it remained around 2 per cent higher for the week. Spot silver fell roughly 0.8 per cent to $91.69 an ounce after earlier touching an all‑time high of about $93.57&ndash;$93.70 during the session.
Analysts said the pullback came as the dollar index climbed toward 99.49, its strongest level since early December.
Market watchers said that rising geopolitical risks stemming from unrest in Iran and tensions involving <a href="https://www.mid-day.com/news/world-news/article/venezuelan-opposition-leader-maria-corina-machado-meets-donald-trump-at-white-house-23612249" target="_blank" rel="none noopener">Venezuela</a> and Greenland continue to provide demand for precious metals.
Gold and silver prices are expected to remain volatile this week amid volatility in the dollar index, ahead of the US Supreme Court decision on tariffs, they added.
The Augmont Bullion report said that silver retreated sharply from its record high of USD 93 after Trump refrained from announcing new tariffs on critical mineral imports. Instead, he said the US keeps negotiations open with foreign countries to secure supplies and swiftly cut supply-chain risks, while considering import curbs only if talks fail to yield timely results.
The report predicted that traders can witness some profitbooking and retracement, before prices move higher again.
Investors are looking for cues from the US Federal Reserve for a potential easing amid global uncertainty. Softer-than-expected November producer inflation, both headline and core, alongside mild December consumer inflation data, has increased hopes of the US Fed implementing multiple rate cuts later this year.
(With inputs from Agencies)

Gold prices edged lower while silver registered modest gains in early trade on Friday, according to market data; the price of 24-carat gold declined by Rs 10

Gold prices dip by Rs 10, silver edges higher in early trade

Gold price updates: Prices in Mumbai goes up at Rs 1.43 lakh for 10 grams 

Across major cities, 24-carat gold was priced at Rs 1,43,610 per 10 grams in Mumbai and Kolkata, while Chennai recorded a higher rate of Rs 1,44,990. In Delhi, the price stood at Rs 1,43,760 per 10 grams

Gold prices today, January 16: Check rates in Mumbai, Delhi and other cities

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Home / Business / Business News / Article / Gold prices today, January 16: Check rates in Mumbai, Delhi and other cities