Gold price today: Gold price on Monday, January 9, increased by more than Rs 350 to trade above Rs 56,000. On the Multi Commodity Exchange, February contracts traded higher by 0.66 per cent at Rs 56,110 per 10 grams.

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Deveya Gaglani, research analyst at Axis Securities, said Gold prices have rallied by more than 1 per cent last week and settled around Rs 55,735 near the multi-month high. Prices gave a weekly close above the Rs 55,000 level for the first time in two years, indicating further rally.

Meanwhile, Silver traded Rs 69,770 up by Rs 615 or 0.89 per cent.

Trade call by Tradewell Securities 

Gold Feb contract

Buy - Rs 55,900

Stop loss- Rs 55,750 

Target- Rs 56,150

On the international market, Gold was quoting at USD 1,878.90 per ounce while Silver was down by 1.05 per cent at USD 24.225 per ounce.

Meanwhile, the rupee was trading 40 paise strong at 82.31 against the US dollar. The international oil benchmark Brent crude futures was up by 1.13 per cent to USD 79.72 per barrel.

Also Read: Budget 2023: Why investors should keep an eye on railway stocks ahead of Union Budget 

Gold Price City-wise In India as of January 9, 2022, for 22k

Chennai - Rs 52,600

Mumbai - Rs 51,600

Delhi - Rs 51,750 

Kolkata - Rs 51,600 

Bangalore - Rs 51,650 

Hyderabad - Rs 51,600

Kerala - Rs 51,600

Pune - Rs 51,600 

Vadodara - Rs 51,650 

Ahmedabad - Rs 51,650 

Jaipur - Rs 51,750 

Lucknow - Rs 51,750 

Coimbatore - Rs 52,600 

Madurai - Rs 52,600

Vijayawada - Rs 51,600

Patna - Rs 51,650 

Nagpur - Rs 51,600 

Chandigarh - Rs 51,750 

Surat - Rs 51,650 

Bhubaneswar - Rs 51,600

Mangalore - Rs 51,650 

Visakhapatnam - Rs 51,600 

Nashik - Rs 51,630 

Mysore - Rs 51,65

(Disclaimer: These are indicative prices collected from trusted sources. Investors are recommended to check prices with their jeweller before investing/purchasing.)

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