Gold rate in India today: Gold prices experienced changes in various Indian cities on January 25, 2024. The standardized rate for 10 grams was around Rs 63,000. Breaking it down further, the average price of 10 grams 24 carat gold 62,950, whereas for the same figure 22 carat gold Was Rs 57,700.
Meanwhile, the silver market continued to rise and reached Rs 75,300 per kg.
Gold rate in India today: Retail gold price on 25 January
Gold price in Mumbai today
The price of 10 grams of 22 carat gold in Mumbai is currently Rs 57,700, while the same quantity of 24 carat gold is priced at Rs 62,950.
Today’s gold price in Chennai
In Chennai, the price of 10 grams of 22 carat gold is Rs 58,300 and the price of the same quantity of 24 carat gold is Rs 63,600.
gold price today in delhi
In Delhi, people will have to spend Rs 57,850 for 10 grams of 22 carat gold and Rs 63,100 for the same amount of 24 carat gold.
Check gold rates today in various cities on January 25, 2024; (in Rs./10 grams)
| City | 22 carat gold price | 24 carat gold price |
| Ahmedabad | 57,750 | 63,000 |
| Kolkata | 57,700 | 62,950 |
| Gurugram | 57,850 | 63,100 |
| Lucknow | 57,850 | 63,100 |
| Bengaluru | 57,700 | 62,950 |
| Jaipur | 57,850 | 63,100 |
| Patna | 57,750 | 63,050 |
| Bhubaneswar | 57,700 | 62,950 |
| Hyderabad | 57,700 | 62,950 |
Multi Commodity Exchange
As on January 25, 2024, gold futures expiring on February 05 were actively trading at Rs 61,927 on the Multi Commodity Exchange. Besides, silver futures with expiry date March 05, 2024 were quoted at Rs 71,704.
The retail price of gold in the country is the amount that customers pay for it. The price is influenced by various factors, including the global gold price, the value of the rupee and the costs associated with labor and materials used in the production of gold jewellery.
Gold is highly important in India because of its cultural significance, investment value and its traditional role in weddings and festivals.
Here are several factors that can impact the price of gold:
Market Forces and Gold Valuation: Gold valuation is primarily influenced by supply and demand dynamics. If people’s interest in gold increases, its price increases. On the contrary, excess supply of gold in the market can lead to a fall in its price.
Global Economic Dynamics: The macroeconomic condition of the global economy plays an important role in determining gold prices. During periods of economic decline or recession, investors often turn to gold as a safe-haven investment, causing its value to increase.
Impact of Political Uncertainty: Political instability can also have a significant impact on gold prices. Instances of uncertainty or crisis in major countries or regions may prompt investors to protect their assets by investing in gold, leading to increased demand and a rise in the price of gold.
2024 Outlook: Gold price at Rs 70,000 per 10 grams
The All India Gem and Jewelery Domestic Council (GJC) recently said that gold prices are expected to reach a record high of Rs 70,000 per 10 grams this year due to the ongoing global economic uncertainties and geopolitical tensions. This development establishes gold as a safe investment and an effective hedge against inflation.
Follow us on Google news ,Twitter , and Join Whatsapp Group of thelocalreport.in
