May you don’t know, but I want to tell you that Gold is a good investment for long term and in India maximum people are purchasing gold for investment purpose. India is the 2nd largest consumer of gold in the world. You should have idea about the gold price, last week price has increase to life time high
Gold, one of the most valuable and expensive metals, holds great significance in India. It is not only popular for jewellery but is also valued an investment in the form of art and coins. Despite rising gold prices, people in India continue to invest in gold regularly.
Gold prices in India fluctuate due to various factors such as global market conditions and the value of the US dollar. These changes affect different cities based on local demand and supply. If you’re planning to invest in gold, here are some key points to consider.
If you’re looking to invest in gold or buy gold jewelry, find out the recent price of Gold in India. Before buying Gold and Silver we should know the current Rate. Always know the Gold price and Silver price before buying.
Gold prices saw a slight increase on Wednesday. The price of 24-carat gold in India is ₹8,538.3 per gram, up by ₹1,170, while 22-carat gold is priced at ₹7,828.3 per gram, rising by ₹1,070.
Gold price trends:
Past week change: -1.91%
Past month change: -6.83%
Meanwhile, silver prices have dropped. The current rate of silver in India is ₹1,01,500 per kg, down by ₹1,000 per kg.
22 CARAT GOLD Rate Today-05.02.2025
1 Gram: ₹7828.3
10 Gram: ₹78283
100 Gram: ₹782830
24 CARAT GOLD Rate Today
1 Gram: ₹8538.3
10 Gram: ₹85383
100 Gram: ₹853830
Gold price in 5 Major cities
Delhi: The price of 10 grams of 22-carat gold is ₹78,283 and 10 grams of 24-carat gold is ₹85,383.
Mumbai: The price of 10 grams of 22-carat gold is ₹78,850 and 10 grams of 24-carat gold is ₹84,507.
Kolkata: The price of 10 grams of 22-carat gold is ₹78,850 and 10 grams of 24-carat gold is ₹84,507.
Chennai: The price of 10 grams of 22-carat gold is ₹78,100 and 10 grams of 24-carat gold is ₹85,231.
Bangalore: The price of 10 grams of 22-carat gold is ₹₹78,200 and 10 grams of 24-carat gold is ₹85,225
Key Factors Influencing Gold Prices in India
Global Market Trends:
Gold and silver prices depend on international market trends, especially in the US, China, and Europe.
Fluctuations in the US dollar impact the gold price significantly.
Inflation and Interest Rates:
Higher inflation typically increases gold demand as it is considered a hedge against inflation.
Interest rate hikes by the US Federal Reserve or the Reserve Bank of India (RBI) can lower gold demand.
Demand and Supply:
Festivals, weddings, and religious occasions drive gold demand in India.
India imports most of its gold, and any changes in import duties can impact prices.
Stock Market Performance:
Investors prefer gold as a safe-haven asset during stock market downturns.
Government Policies and Taxes:
GST, import duties, and other government regulations impact the final gold price for consumers.
Geopolitical and Economic Events:
Events such as wars, trade tensions, and economic slowdowns increase gold demand as a safe investment.
Gold Purity: 24 Carat vs. 22 Carat
24 Carat Gold (24K)
Purity: 99.9% pure gold (also known as 999 gold).
Uses
Used for making gold coins and bars.
Preferred for investment purposes.
Used in electronics and medical devices due to its high conductivity.
Price: Higher than 22K gold due to its purity.
22 Carat Gold (22K)
Purity: 91.6% gold, with 8.4% other metals like copper, silver, or zinc (also known as 916 gold).
Uses:
Mainly used for making jewellery and ornaments.
More durable than 24K gold.
Price: Lower than 24K gold but still valuable due to high gold content.
How to Identify Gold Purity?
Hallmarking:
The Bureau of Indian Standards (BIS) certifies gold purity in India.
Look for the BIS hallmark, which includes:
BIS logo
Purity in karats (e.g., 999 for 24K, 916 for 22K)
Jeweler’s identification mark
Know the Gold Purity
24K (999 Gold): Best for investment, soft for jewellery.
22K (916 Gold): Ideal for jewellery, durable due to alloying.
18K (750 Gold): Mix of 75% gold and 25% other metals, used in designer jewellery.
Tips for Buying Gold
When purchasing gold, consider the following factors:
Check for BIS Hallmarking
The Bureau of Indian Standards (BIS) certifies gold purity in India.
A BIS hallmark stamp ensures that the gold meets quality standards.