Gold Rates Today in India – January 22, 2025
As of January 22, 2025, the gold rates in India are as follows:
- 24 Carat Gold (10 grams): ₹81,413
- 22 Carat Gold (10 grams): ₹74,683
India is the second-largest consumer of gold in the world, following China. The majority of the country’s gold requirements are met through imports and locally recycled bullion. Domestic gold rates are influenced by several factors, including international gold prices (which are denominated in USD), import duties, taxes, and the strength of the Indian Rupee. Gold is considered a reliable hedge against inflation, but other factors such as bond yields and the USD exchange rate also impact its price.
Gold Prices in Major Indian Cities – January 22, 2025
Here’s a quick look at the gold rates in major metro cities across India:
| City | 24 Carat (₹/10g) | 22 Carat (₹/10g) |
|---|---|---|
| Bangalore | ₹81,255 | ₹74,525 |
| Chennai | ₹81,261 | ₹74,531 |
| Delhi | ₹81,413 | ₹74,683 |
| Kolkata | ₹81,265 | ₹74,535 |
| Mumbai | ₹81,267 | ₹74,537 |
| Pune | ₹81,273 | ₹74,543 |
Gold Price Trends for the Last 07 Days
Here is a summary of gold price changes over the past 07 days for both 22K and 24K gold:
| Date | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Jan 21, 2025 | ₹74,683 | ₹81,413 |
| Jan 20, 2025 | ₹74,513 | ₹81,273 |
| Jan 19, 2025 | ₹74,523 | ₹81,283 |
| Jan 18, 2025 | ₹74,683 | ₹81,453 |
| Jan 17, 2025 | ₹74,083 | ₹80,803 |
| Jan 16, 2025 | ₹73,583 | ₹80,253 |
| Jan 15, 2025 | ₹73,463 | ₹80,123 |
| Jan 14, 2025 | ₹73,583 | ₹80,253 |
| Jan 13, 2025 | ₹73,163 | ₹79,813 |
| Jan 12, 2025 | ₹73,173 | ₹79,823 |
| Jan 11, 2025 | ₹73,033 | ₹79,653 |
| Jan 10, 2025 | ₹72,783 | ₹79,383 |
| Jan 09, 2025 | ₹72,433 | ₹79,003 |
| Jan 08, 2025 | ₹72,313 | ₹78,873 |
Factors Influencing Gold Prices in India
Gold prices in India fluctuate based on various factors:
- Currency Exchange Rates: The price of gold rises when the Indian Rupee weakens against the US Dollar.
- International Gold Prices: Global developments, economic growth, geopolitical tensions, and interest rates play a significant role in determining gold prices.
- Import Duty & Taxes: India imposes a 10% import duty on gold, which affects its price domestically.
- Local Demand: Gold demand in India is influenced by festivals, wedding seasons, and investment trends.
Types of Gold and Their Uses
In India, two primary types of gold are traded:
- 24K Gold: Known as pure gold, it contains 99.99% purity. However, it is too soft to be molded into jewelry and is mostly used in investment forms like coins and bars.
- 22K Gold: This is the gold alloyed with two other metals like copper and zinc (22 parts gold and 2 parts other metals). It is widely used in jewelry making due to its durability.
Gold Investment Options in India
Gold is a popular investment option in India, and it can be bought in various forms:
- Physical Gold: In the form of coins, bars, or jewelry.
- Gold ETFs: Exchange Traded Funds allow investors to buy gold without owning the physical metal.
- Sovereign Gold Bonds: Issued by the Indian Government, these bonds offer a fixed interest rate along with capital appreciation.
Gold Hallmarking in India
Gold in India is certified by the Bureau of Indian Standards (BIS) through hallmarking. This ensures the purity and authenticity of gold, giving buyers confidence and protection from adulteration.
Frequently Asked Questions (FAQs) About Gold
- Why should you invest in gold? Gold acts as a safe-haven investment and is an excellent hedge against inflation. It offers diversification in investment portfolios, especially during uncertain economic times.
- What are the different ways to invest in gold? You can invest in gold in the form of physical gold (coins, bars, jewelry), gold ETFs, or sovereign gold bonds.
- Does India import gold? Yes, India is the largest importer of gold in the world, mainly for the jewelry industry.
- How are gold prices determined in India? Gold prices are influenced by global gold rates, domestic taxes, and the exchange rate of the Indian Rupee against the US Dollar.
- What is the difference between 22K and 24K gold? 24K gold is 99.99% pure, while 22K gold contains 91.67% gold and is alloyed with other metals for strength, making it suitable for jewelry.
- What is pure gold? Pure gold refers to gold that has 99.99% purity, often called 24K gold.
- How are gold rates determined in different cities in India? Gold prices can vary slightly based on local demand, state taxes, and logistical costs in each city.
- What is hallmarking of gold? Hallmarking is the certification process that ensures the purity of gold as per Indian standards.
- Who is responsible for hallmarking gold in India? The Bureau of Indian Standards (BIS) is responsible for hallmarking and certification.
- What does KDM gold mean? KDM gold is a type of gold where 92% is gold and 8% is a combination of other metals like cadmium. It is often used in jewelry making.