On January 9, 2025, gold prices in India remained largely unchanged, reflecting the current trends in the global and local markets. 24-carat gold continued to be favored by buyers due to its high purity, while 22-carat gold maintained its popularity for its durability and timeless appeal, making it a preferred choice for long-term investments.
The price of 24-carat gold was quoted at Rs 78,830 per 10 grams, while 22-carat gold stood at Rs 72,260 for the same weight. In contrast, silver was trading at Rs 92,400 per kilogram.
Retail Gold Prices Across Major Indian Cities
In major cities across India, the price of 22-carat gold for 10 grams ranged between Rs 72,260 and Rs 72,410. Cities like Delhi, Lucknow, and Jaipur recorded the highest rates at Rs 72,410. Meanwhile, 24-carat gold was priced between Rs 78,830 and Rs 78,980 for 10 grams, with the same cities, including Delhi, Lucknow, and Jaipur, having the highest prices for this purer form.
Cities like Mumbai, Bengaluru, Chennai, and Hyderabad listed 24-carat gold at Rs 78,830, while the 22-carat gold price in these locations was Rs 72,260.
Understanding the Retail Gold Price Per Gram
The retail gold price per gram refers to the amount consumers pay for one gram of gold, which is typically quoted in Indian Rupees. These rates are subject to daily fluctuations, driven by a range of global economic factors, geopolitical developments, and the basic supply-demand dynamics of the market.
What Influences Gold Prices in India?
Gold prices in India are influenced by several factors, including international market trends, import duties, taxes, and exchange rate fluctuations. Together, these elements play a significant role in determining daily gold prices across the country.
Gold holds immense cultural and financial significance in India, with strong demand driven by both investment and celebratory purposes. As a result, gold remains a favored asset, particularly during weddings and festivals. With market conditions constantly changing, investors and traders closely monitor these fluctuations, staying well-informed to navigate the evolving trends in the gold market.
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