Today’s Gold Rate in India – 29th January 2025
Gold has long been a symbol of wealth and a go-to investment in India. As of today, 29th January 2025, the gold rates in India are fluctuating, reflecting both domestic factors and global market trends.
Gold Prices for 10 Grams:
- 24 Carat Gold: ₹82,093 (down by ₹320.00)
- 22 Carat Gold: ₹75,263 (down by ₹300.00)
India is the second-largest consumer of gold globally, after China, with a massive demand driven by both investment and the jewellery industry. While much of India’s gold is imported, the price is influenced by a range of factors, including international gold prices, import duties, and the value of the Indian Rupee against the US Dollar.
Gold Prices Across Major Indian Cities
Gold prices vary slightly across different cities, depending on local taxes, demand, and other regional factors. Here’s a breakdown of the current gold rates in major cities across India for both 24K and 22K gold:
24 Carat Gold Rate (10 grams):
- Bangalore: ₹81,935 (down by ₹320.00)
- Chennai: ₹81,941 (down by ₹320.00)
- Delhi: ₹82,093 (down by ₹320.00)
- Mumbai: ₹81,947 (down by ₹320.00)
- Pune: ₹81,953 (down by ₹320.00)
22 Carat Gold Rate (10 grams):
- Bangalore: ₹75,105 (down by ₹300.00)
- Chennai: ₹75,111 (down by ₹300.00)
- Delhi: ₹75,263 (down by ₹300.00)
- Mumbai: ₹75,117 (down by ₹300.00)
- Pune: ₹75,123 (down by ₹300.00)
Gold Rate Trends for the Last 15 Days
Over the past two weeks, gold prices have experienced minor fluctuations, with 24 carat gold prices ranging from ₹81,413 to ₹82,603 per 10 grams. The price changes depend on various global and domestic factors, including currency movements, inflation, and market volatility.
Example of Price Trends:
- 28th Jan 2025: 22K – ₹75,563 (down by ₹150.00), 24K – ₹82,413 (down by ₹170.00)
- 25th Jan 2025: 22K – ₹75,733 (up by ₹320.00), 24K – ₹82,603 (up by ₹350.00)
Here are the gold rates for the last 15 days in table format:
| Date | 22 Carat Price (₹ per 10g) | Change (₹) | 24 Carat Price (₹ per 10g) | Change (₹) |
|---|---|---|---|---|
| Jan 28, 2025 | ₹75,563 | -150.00 | ₹82,413 | -170.00 |
| Jan 27, 2025 | ₹75,713 | -10.00 | ₹82,583 | -10.00 |
| Jan 26, 2025 | ₹75,723 | -10.00 | ₹82,593 | -10.00 |
| Jan 25, 2025 | ₹75,733 | +320.00 | ₹82,603 | +350.00 |
| Jan 24, 2025 | ₹75,413 | -20.00 | ₹82,253 | -20.00 |
| Jan 23, 2025 | ₹75,433 | +750.00 | ₹82,273 | +860.00 |
| Jan 22, 2025 | ₹74,683 | 0.00 | ₹81,413 | 0.00 |
| Jan 21, 2025 | ₹74,683 | +170.00 | ₹81,413 | +140.00 |
| Jan 20, 2025 | ₹74,513 | -10.00 | ₹81,273 | -10.00 |
| Jan 19, 2025 | ₹74,523 | -160.00 | ₹81,283 | -170.00 |
| Jan 18, 2025 | ₹74,683 | +600.00 | ₹81,453 | +650.00 |
| Jan 17, 2025 | ₹74,083 | +500.00 | ₹80,803 | +550.00 |
| Jan 16, 2025 | ₹73,583 | +120.00 | ₹80,253 | +130.00 |
| Jan 15, 2025 | ₹73,463 | -120.00 | ₹80,123 | -130.00 |
This table provides the 22 carat and 24 carat gold prices for the last 15 days along with the daily changes.
Factors Influencing Gold Prices in India
- Global Economic Factors: Gold prices are strongly linked to the global market, particularly the US Dollar and interest rates. When global economic conditions are uncertain, investors often flock to gold as a safe haven, driving prices up.
- Currency Movements: A weakening of the Indian Rupee against the US Dollar generally results in higher gold prices in India, as gold is priced in dollars globally.
- Import Duties: India imposes a 10% import duty on gold. The central government occasionally alters this duty to manage gold imports, which impacts domestic prices.
- State Taxes and Local Charges: Taxes like VAT, GST, and other local duties can also affect the final price of gold in various cities.
Forms of Gold Investment in India
Gold can be bought in several forms, each suited for different investment strategies:
- Physical Gold: Bars, coins, and jewellery.
- Gold ETFs: Exchange-traded funds are a convenient way to invest in gold without the need to store physical gold.
- Sovereign Gold Bonds: These bonds offer an interest component along with capital appreciation.
Gold is also regarded as a hedge against inflation and is a popular choice during times of geopolitical uncertainty, which adds to its appeal as a long-term investment.
Here’s the gold rate data for different cities in India in table format:
| City Name | 22 Carat Price (₹ per 10g) | 24 Carat Price (₹ per 10g) |
|---|---|---|
| Ahmedabad | ₹75,171 | ₹82,001 |
| Amritsar | ₹75,290 | ₹82,120 |
| Bangalore | ₹75,105 | ₹81,935 |
| Bhopal | ₹75,174 | ₹82,004 |
| Bhubaneswar | ₹75,110 | ₹81,940 |
| Chandigarh | ₹75,272 | ₹82,102 |
| Chennai | ₹75,111 | ₹81,941 |
| Coimbatore | ₹75,130 | ₹81,960 |
| Delhi | ₹75,263 | ₹82,093 |
| Faridabad | ₹75,295 | ₹82,125 |
| Gurgaon | ₹75,288 | ₹82,118 |
| Hyderabad | ₹75,119 | ₹81,949 |
| Jaipur | ₹75,256 | ₹82,086 |
| Kanpur | ₹75,283 | ₹82,113 |
| Kerala | ₹75,135 | ₹81,965 |
| Kochi | ₹75,136 | ₹81,966 |
| Kolkata | ₹75,115 | ₹81,945 |
| Lucknow | ₹75,279 | ₹82,109 |
| Madurai | ₹75,107 | ₹81,937 |
| Mangalore | ₹75,118 | ₹81,948 |
| Meerut | ₹75,289 | ₹82,119 |
| Mumbai | ₹75,117 | ₹81,947 |
| Mysore | ₹75,104 | ₹81,934 |
| Nagpur | ₹75,131 | ₹81,961 |
| Nashik | ₹75,167 | ₹81,997 |
| Patna | ₹75,159 | ₹81,989 |
| Pune | ₹75,123 | ₹81,953 |
| Surat | ₹75,178 | ₹82,008 |
| Vadodara | ₹75,184 | ₹82,014 |
| Vijayawada | ₹75,125 | ₹81,955 |
| Visakhapatnam | ₹75,127 | ₹81,957 |
This table presents the 22 and 24 carat gold prices for 10 grams in different cities as of the latest data.
Understanding 22K and 24K Gold
- 24K Gold is the purest form of gold, containing 99.99% gold. It is often used for investment purposes, like in gold bars or coins.
- 22K Gold contains 91.6% gold mixed with other metals like copper or zinc, making it more durable for crafting jewellery.
The Role of Hallmarking in Gold
Hallmarking ensures the purity of gold, and in India, this is certified by the Bureau of Indian Standards (BIS). Hallmarked gold provides buyers with a guarantee that the gold they are purchasing is genuine and of the declared purity.
Conclusion
The price of gold is continually fluctuating, reflecting changes in both global markets and domestic conditions. Whether you are an investor or looking to buy jewellery, it’s important to keep an eye on the latest gold rates and understand the factors influencing these prices.