Gold prices in India are likely to be influenced by a softer rate cut from US Fed in its upcoming policy after US inflation data came in line with market estimates. MCX gold price is seen to have resistance around Rs 79,400 per 10 grams, while the outlook is positive on Friday, January 17. After the key inflation data, yellow metal in India rallied on January 16th by at least Rs 5,500, tracking international prices.Read more at: https://www.goodreturns.in/news/gold-prices-in-india-outlook-on-january-17th-what-will-drive-24k-22k-18k-prices-on-friday-1399651.html,24K gold prices surged by Rs 5,500 in 100 grams to Rs 8,06,200, while 10 grams price jumped by Rs 550 to Rs 80,620 per 10 grams. Further, 22K gold prices rose by Rs 5,000 and Rs 500 in 100 grams and 10 grams to Rs 7,39,000 and Rs 73,900 respectively. Meanwhile, 18K gold price also climbed by Rs 4,100 in 100 grams to Rs 6,04,700 and surged by Rs 410 to Rs 60,470 per 10 grams.
Gold Prices In India
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