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 14 (INR):
Gold prices continued their upward trend today on Makar Sankranti, with rates rising sharply over the past few days.
The price of 24K gold rose by ₹109 to ₹14,362 per gram, indicating sustained demand for the highest purity metal.
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Similarly, 22K gold witnessed an increase of ₹100, settling at ₹13,165 per gram, making it costlier for jewellery buyers.
Meanwhile, 18K gold also advanced by ₹82 to trade at ₹10,772 per gram
