On January 2, 2025, gold prices in India continued to remain elevated, fueled by steady demand and current market trends. The price of 24-carat gold, renowned for its purity, was pegged at Rs 78,010 per 10 grams. Meanwhile, 22-carat gold, known for its strength and refined aesthetic, was priced at Rs 71,510 per 10 grams. Silver was also trading at Rs 90,400 per kilogram.
Across major cities in India, gold prices varied slightly. In Delhi, the price for 22-carat gold reached Rs 71,660, while 24-carat gold was available for Rs 78,160. In Mumbai, the prices were slightly lower, with 22-carat gold priced at Rs 71,510 and 24-carat gold at Rs 78,010. In Ahmedabad, 22-carat gold was priced at Rs 71,560, and 24-carat gold stood at Rs 78,060. In Chennai and Kolkata, both 22-carat and 24-carat gold were priced at Rs 71,510 and Rs 78,010, respectively.
Cities such as Pune, Lucknow, Bengaluru, and Jaipur also reported similar price ranges. For example, in Jaipur and Lucknow, 22-carat gold was priced at Rs 71,660, and 24-carat gold at Rs 78,160, mirroring Delhi’s prices.
Factors Influencing Gold Prices in India
The fluctuations in gold prices in India are driven by various factors, including international market rates, import duties, taxes, and changes in exchange rates. These elements play a significant role in shaping the daily retail prices of gold across the country.
Gold’s cultural and financial importance in India cannot be overstated. It remains a favored investment and holds an essential place in significant celebrations such as weddings and festivals. With market conditions constantly evolving, investors and traders must stay informed to make well-informed decisions and successfully navigate the dynamic trends in the gold market.
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