Gold prices in India held steady on January 3, 2025, bolstered by consistent demand and favorable market conditions. The attraction of 24-carat gold persisted, celebrated for its unmatched purity, while 22-carat gold continued to be a favorite among jewelry buyers due to its durability and timeless appeal.
In the spot market, the price of 24-carat gold rose to Rs 78,490 per 10 grams, while 22-carat gold was priced at Rs 71,960 per 10 grams. In contrast, silver traded lower, priced at Rs 90,400 per kilogram.
Retail prices for gold across major cities in India on January 3, 2025, varied slightly depending on location. In Delhi, 22-carat gold was available for Rs 71,960, while 24-carat gold was priced at Rs 78,490. In Mumbai, 22-carat gold was priced at Rs 71,810, and 24-carat gold was Rs 78,340. Cities like Ahmedabad, Lucknow, Jaipur, and Patna saw similar trends, with prices for 22-carat gold ranging between Rs 71,810 and Rs 71,960 and 24-carat gold priced between Rs 78,340 and Rs 78,490.
Retail Gold Price Per Gram
The retail price of gold per gram is an important reference for consumers, indicating how much they pay for one gram of gold. This rate fluctuates regularly based on global economic factors, geopolitical developments, and supply-demand dynamics in the market.
Key Factors Influencing Gold Prices in India
Gold prices in India are primarily influenced by international market trends, import duties, taxes, and exchange rate fluctuations. Together, these factors shape the price of gold across the country.
Gold has long been a symbol of cultural and financial importance in India. It remains a preferred investment and plays a vital role in various celebrations, particularly weddings and festivals. As market conditions continue to evolve, investors and traders must stay vigilant, monitoring price fluctuations to make informed decisions in the ever-changing market landscape.
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