Gold Rate Today Jan 28: Prices Dip Slightly, Silver Near ₹4 Lakh
Gold Rate Today: Gold prices showed a slight decline on Wednesday, January 28, offering marginal relief to buyers after recent record highs. However, analysts say the overall trend for precious metals remains strongly bullish due to global economic and political tensions.
Gold & Silver Prices Today (January 28)
24 Carat Gold (10 grams): ₹1,62,380
22 Carat Gold (10 grams): ₹1,48,850
Silver (1 kg): ₹3,87,000
Compared to Tuesday, gold prices have fallen slightly, while silver continues to trade near historic highs.
Gold Price Drops Slightly After Record Levels
After touching record levels earlier this week, gold prices cooled marginally today. Market experts say this minor dip does not indicate a trend reversal, as global factors continue to support higher prices in the medium to long term.
Why Are Gold Prices Still Rising Globally?
Despite the small domestic dip, international gold prices have surged past $5,000 per ounce, marking a record. Analysts attribute this sharp rise to multiple global factors:
Trade tensions triggered by US President Donald Trump
Ongoing disputes between the United States and European Union
Weakening US dollar
Increased demand for gold as a safe-haven asset
Notably, Bank of America had predicted gold would reach $5,000 per ounce by the end of 2026. However, prices crossed this level much earlier than expected.
Silver Prices Shock Investors
Silver prices have stunned the market by nearing ₹4 lakh per kg, the highest level ever recorded in India.
Early January price: ~₹2.5 lakh/kg
Current price: ~₹3.9 lakh/kg
Increase in just 28 days: ₹1.4 lakh
This sharp rally has raised concerns among investors about volatility and sustainability.
Frequently Asked Questions (FAQs)
Q1. Did gold prices increase or decrease today?
Gold prices decreased slightly on January 28 compared to yesterday.
Q2. What is today’s 24 carat gold price?
The price of 24 carat gold is ₹1,62,380 per 10 grams.
Q3. Why are global gold prices hitting record highs?
Global prices are rising due to trade tensions, a weak dollar, and increased demand for safe investments.
Q4. Why is silver price rising so fast?
Silver demand has surged globally, and investors are moving funds into precious metals amid economic uncertainty.
Q5. Is this a good time to invest in gold or silver?
Experts recommend consulting a certified financial advisor before making any investment decisions.
Conclusion
While gold prices dipped slightly today, the broader outlook remains bullish due to global instability and strong investor demand. Silver’s explosive rally, however, has sparked caution among market participants. Investors should closely track international developments before making any financial moves.
Disclaimer
This article is for informational purposes only and should not be considered investment advice. Prices of gold, silver, stocks, mutual funds, cryptocurrencies, and other assets are subject to market risks. Readers are advised to consult certified financial advisors before investing.
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