Gold Silver Price Today 22 January 2025: Gold and silver prices pulled back on Thursday after hitting unprecedented highs, as easing geopolitical fears over Greenland and a stronger US dollar weakened safe-haven demand. International spot gold dropped about 0.8% while silver eased nearly 0.9%, reversing a powerful rally that had taken precious metals to historic peaks.
The shift came after the US President’s comments that a “framework of a future deal” over Greenland had been agreed, calming earlier market anxieties.
Gold Silver Price Today
Analysts say investors moved away from gold and silver as fear-driven buying subsided. Trump’s reversal on tariff threats against European nations and his softer stance on the Greenland dispute helped bolster risk appetite, weakening demand for safe assets such as gold and silver.
The stronger US dollar, which often moves inversely to bullion prices, added further pressure on metals.
Gold Silver Rate Today: From Record Highs to Correction
- Spot gold fell toward $4,799 per ounce after topping an all-time high of nearly $4,888 in the previous session.
- US gold futures (Feb) also declined.
- Spot silver eased from its peak of around $95.87 an ounce, trading lower at around $92.38.
This pullback highlights how volatile precious metals remain when geopolitical developments shift quickly. Longer-term trends still show gold and silver up sharply over recent months as investors sought protection from uncertainty.
Gold Silver Price Today: MCX Gold and Silver Prices in India
In major Indian cities, gold prices remained elevated despite the day’s decline.
Gold and Silver Prices in Mumbai
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- 24-carat gold was trading around ₹1.54 lakh per 10 grams.
- 22-carat gold was priced near ₹1.41 lakh per 10 grams.
- Silver was hovering close to ₹3.19 lakh per kg.
Gold Silver Rate Today in Delhi
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- 24-carat gold was trading around ₹1.54 lakh per 10 grams.
- 22-carat gold was available near ₹1.41 lakh per 10 grams.
- Silver was priced at approximately ₹3.19 lakh per kg.
Gold and Silver Prices in Kolkata
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- 24-carat gold was trading close to ₹1.54 lakh per 10 grams.
- 22-carat gold stood near ₹1.41 lakh per 10 grams.
- Silver was trading around ₹3.19 lakh per kg.
Gold and Silver Rate in Bengaluru
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- 24-carat gold was quoted at around ₹1.54 lakh per 10 grams.
- 22-carat gold was priced near ₹1.41 lakh per 10 grams.
- Silver was trading close to ₹3.19 lakh per kg.
Gold and Silver Prices in Chennai
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- 24-carat gold was trading at about ₹15,546 per gram.
- 22-carat gold was priced around ₹14,250 per gram.
- Silver was hovering near ₹3.19 lakh per kg.
MCX gold opened lower compared with recent highs, while silver showed mixed moves, trading higher after previous record levels. Prices remain close to all-time highs despite the recent fall.
Gold Silver Rate Today: What This Means for Investors
Precious metals remain sensitive to macro news and dollar movements. While recent corrections eased from extremes, gold and silver are still trading at historically high levels. Traders suggest caution and watching key support and resistance levels before entering new positions.
In summary, gold and silver prices corrected from record highs due to easing fears around Greenland and a firmer dollar. Although strong uncertainty had driven metals to new peaks, calmer global sentiment triggered a pullback, yet bullion remains elevated compared with long-term historical levels.
