Gold Rate Today: After falling slightly over the last month, the gold market in India showed a modest improvement following a significant correction, with the prices of the yellow metal having rebounded, amid the US-Venezuela conflict, GoodReturns reported.
Furthermore, about 70 per cent of global institutional investors have predicted gold prices to rise this new year, according to Goldman Sachs’ forecast.
Notably, the prices of the yellow metal have hit a new record today after increasing massively in the last three days.
It has noted a rise of 3800 per 10 grams or 3% since the last correction on Friday, January 9, according to the GoodReturns report.
The 24-carat gold, the purest and most expensive form, is commonly used for investment. 22-carat and 18-carat gold are mostly used for making jewellery.
Gold rate in India today, on January 12 (INR):
Gold prices moved higher across all major categories today, reflecting a firm upward trend.
The price of 24K gold rose by ₹169 to ₹14,215 per gram, while 22K gold increased by ₹155 to ₹13,030 per gram.
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Similarly, 18K gold recorded a gain of ₹127, taking its price to ₹10,661 per gram.
