Gold prices in India held steady on January 7, 2025, reflecting stability in the market. Buyers continue to favor 24-carat gold for its unmatched purity, while 22-carat gold remains the preferred option for jewellery due to its durability and classic appeal. This combination of strength and beauty makes 22-carat gold a popular choice for long-term investments.
In Delhi, the price of 22-carat gold is ₹72,290 per 10 grams, while 24-carat gold is priced at ₹78,850. Mumbai, Chennai, Kolkata, Pune, Hyderabad, and Bengaluru all recorded similar rates, with 22-carat gold priced at ₹72,140 and 24-carat gold at ₹78,700 per 10 grams. In Ahmedabad, the prices were ₹72,190 for 22-carat and ₹78,750 for 24-carat gold. Jaipur and Lucknow also reported higher rates, with 22-carat gold priced at ₹72,290 and 24-carat gold at ₹78,850. Patna followed closely, with 22-carat gold at ₹72,190 and 24-carat at ₹78,750, while Bhubaneshwar recorded ₹72,140 and ₹78,700, respectively.
Understanding Retail Gold Prices Per Gram
Retail gold price per gram refers to the cost consumers pay for a single gram of gold, quoted in Indian Rupees. This price fluctuates daily, driven by various global and domestic factors.
Key Factors Influencing Gold Prices in India
Gold prices in India are determined by several factors, including:
Global Market Trends: Changes in international gold rates directly impact domestic prices.
Import Duties and Taxes: India is one of the largest gold importers, and import-related charges significantly affect prices.
Exchange Rate Variations: The rupee’s value against the US dollar plays a pivotal role in setting gold prices.
Gold’s Cultural and Financial Significance
Gold is deeply ingrained in Indian culture, symbolizing prosperity and wealth. It plays a key role in celebrations such as weddings and festivals. Additionally, gold is viewed as a secure investment, offering a hedge against inflation and a stable store of value.
As market conditions continue to evolve, tracking daily gold price trends has become essential for investors and consumers alike. Staying informed enables individuals to navigate the dynamic landscape of gold trading and make sound financial decisions.
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