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Gold Rate Today, January 20: Check 18, 22 and 24 carat gold prices in different cities

Gold Rate Today, January 20: The gold rate in India is influenced by several factors, including international market trends, the value of the Indian rupee, government policies, and regional demand.

Gold Rate Today: Gold remains a sought-after asset for Indian investors, especially during the festive season and wedding season, pushing prices higher in many regions. (Express Archive)

Gold Rate Today, January 20: Gold has long held a special place in Indian culture, serving not only as a symbol of wealth and prosperity but also as a popular investment option. Indian households, across socioeconomic classes, consider gold to be a safe haven against inflation and economic uncertainties. The gold rate in India is influenced by several factors, including international market trends, the value of the Indian rupee, government policies, and regional demand. This article explores the trends in gold rates across major Indian cities, considering how each city’s economy and culture impact the price and demand for the precious metal.

City	18K	22K	24K
Ahmedabad	₹59,393 (105)	₹72,591 (128)	₹79,190 (140)
Bangalore	₹59,355 (105)	₹72,545 (128)	₹79,140 (140)
Chennai	₹59,483 (105)	₹72,701 (128)	₹79,310 (140)
Delhi	₹59,213 (105)	₹72,371 (128)	₹78,950 (140)
Hyderabad	₹59,408 (105)	₹72,609 (129)	₹79,210 (140)
Kolkata	₹59,235 (105)	₹72,398 (129)	₹78,980 (140)
Mumbai	₹59,310 (105)	₹72,490 (128)	₹79,080 (140)
Pune	₹59,310 (105)	₹72,490 (128)	₹79,080 (140)
Surat	₹59,393 (105)	₹72,591 (128)	₹79,190 (140)
Agartala	₹59,595	₹72,838	₹79,460
Agra	₹59,325	₹72,508	₹79,100
Ahmedabad	₹59,393	₹72,591	₹79,190
Aizawl	₹59,550	₹72,783	₹79,400
Allahabad	₹59,325	₹72,508	₹79,100
Amritsar	₹59,310	₹72,490	₹79,080
Aurangabad	₹59,310	₹72,490	₹79,080
Bangalore	₹59,355	₹72,545	₹79,140
Bareilly	₹59,325	₹72,508	₹79,100
Belgaum	₹59,355	₹72,545	₹79,140

Gold Rate Trends in Key Indian Cities

While the factors influencing gold prices are consistent across the country, different cities experience variations in rates due to local demand, cultural preferences, and logistics. Let’s take a look at the trends in some of India’s largest cities:

a. Mumbai
As India’s financial capital and the largest importer of gold, Mumbai often sets the tone for gold prices across the country. The city is known for its vast gold markets, including Zaveri Bazaar, which is one of the largest gold hubs in the world.

Being a port city, Mumbai benefits from lower transportation and logistics costs for imported gold, often offering marginally lower prices compared to other inland cities. However, during festivals like Ganesh Chaturthi and Diwali, demand surges, pushing prices higher.

b. Delhi

Delhi, the capital of India, also sees significant fluctuations in gold prices, especially during the wedding season and festivals like Dhanteras.

Delhi has a thriving gold jewelry market, and demand is largely driven by North India’s wedding culture. The city also has strong connections with bullion markets, and prices here are influenced by both national and international trends.

c. Chennai

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Chennai is known for its deep cultural ties to gold, with gold jewelry being an integral part of Tamil weddings and festivals like Pongal.

The city’s gold rates are heavily influenced by local demand, which tends to spike during the wedding season. Chennai has a long history of gold craftsmanship, and the city’s gold prices are closely tied to the overall demand in South India, which is one of the largest consumers of gold in the country.

d. Kolkata

In Kolkata, gold plays an important role in both religious and cultural practices. The city has a large gold market, and gold rates tend to follow the broader national trend.

Kolkata’s gold rates see an uptick during festivals like Durga Puja. Additionally, the city is a significant hub for gold smuggling, which can sometimes affect the legal gold market and its pricing trends.

e. Bengaluru

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Bengaluru has emerged as a significant player in the Indian gold market, primarily due to its burgeoning tech industry and affluent population.

The city’s young and upwardly mobile population views gold both as an investment and a status symbol. Festivals like Ugadi and Dussehra lead to increased gold buying, driving prices up during these times.

f. Hyderabad

Like other southern cities, Hyderabad has a strong tradition of gold jewelry, with gold being an integral part of weddings and festivals.

Hyderabad’s gold prices are driven by regional festivals like Bathukamma and Ramzan, where demand peaks. The city’s proximity to major gold markets in South India also affects its pricing trends.