Gold and Silver Prices in India
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.
The price of gold is touching the sky daily. People thought that the price of gold would go down but since the price started rising, the price of gold has not reached the lowest level since then.
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.
Foreign investors are offloading their holdings in large numbers in the Indian stock market, leading to a continuous downturn in both the Sensex and Nifty for the 10th consecutive trading session. This sharp decline in the stock market has also influenced the bullion market, causing fluctuations in gold and silver prices.
22 CARAT GOLD Rate Today-19.02.2025
1 Gram: ₹7900
10 Gram: ₹₹79,000
100 Gram: ₹790,000
24 CARAT GOLD Rate Today 19.02.25
1 Gram: ₹8,620
10 Gram: ₹86,200
100 Gram: ₹860,200
Gold price in Major cities
Delhi: The price of 10 grams of 22-carat gold is ₹78,720 and 10 grams of 24-carat gold is ₹85,880.
Mumbai: The price of 10 grams of 22-carat gold is ₹78,661 and 10 grams of 24-carat gold is ₹86,030.
Kolkata: The price of 10 grams of 22-carat gold is ₹78,760 and 10 grams of 24-carat gold is ₹85,920.
Chennai: The price of 10 grams of 22-carat gold is ₹79,090 and 10 grams of 24-carat gold is ₹86,280.
Bangalore: The price of 10 grams of 22-carat gold is ₹₹78,925 and 10 grams of 24-carat gold is ₹86,100
Patna: The price of 10 grams of 22-carat gold is ₹₹78,824 and 10 grams of 24-carat gold is ₹85,990
Key Factors Influencing Gold Prices in India
Central Banks Buying Gold: Central banks around the world, including China and India, have been buying large amounts of gold since 2024. This is due to concerns over global instability and high inflation. The World Gold Council reported that central banks bought over 1,000 tons of gold for the third year in a row in 2024. This ongoing demand from central banks is boosting gold prices.
Increased Investment in Gold: With inflation remaining high and the stock market struggling, many retail investors are turning to gold as a safe investment. Gold is seen as a way to protect against inflation, which is attracting more investment. In January, gold exchange-traded funds (ETFs) in India saw a record inflow of ₹3,751 crore, a 486% increase compared to December.
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.
The Key to Know Genuine Gold
If you are planning to buy gold jewelry, never compromise on quality. Always check for hallmark certification before purchasing, as it serves as the government’s guarantee of authenticity.
In India, the Bureau of Indian Standards (BIS) certifies gold with hallmark stamps, and each karat level has a distinct hallmark number. Consumers should carefully verify these marks to ensure they are buying pure gold, as failure to do so may lead to purchasing adulterated or impure gold. It is always advisable to thoroughly check and verify before making any purchase.