Gold prices in India held steady today, January 21, 2025, showing no significant changes from the previous session. This stability is attributed to cautious global market sentiment following the inauguration of U.S. President Donald Trump. The market has been reacting carefully to the potential effects of his tariff policies, which are now under scrutiny. These policies are seen as potentially inflationary, which could lead to the Federal Reserve maintaining higher interest rates, ultimately impacting the appeal of gold. As interest rates rise, gold loses some of its allure as a non-yielding asset.
On January 21, the 22-carat gold price in India remained at Rs. 74,500 per 10 grams, with 100 grams priced at Rs. 7,45,000. The price of 24-carat gold stood at Rs. 81,230 per 10 grams and Rs. 8,12,300 per 100 grams. Similarly, 18-carat gold was priced at Rs. 61,000 per 10 grams, with 100 grams costing Rs. 6,10,000. The ongoing cautious outlook from global markets and the potential for inflationary pressures have kept gold's value relatively stable despite external uncertainties.
