Gold Price in Delhi – February 1, 2025
Gold remains a valuable and sought-after asset in India, and its price is a reflection of various economic factors. Delhi, as the capital city, is home to one of the largest gold markets in the country, with prices fluctuating daily based on international gold rates, local demand, and other market conditions. Here is the most recent update on gold prices in Delhi.
Gold Price in Delhi on February 1, 2025
- 24 Carat Gold (10 grams): ₹84,513 (+₹1,310)
- 22 Carat Gold (10 grams): ₹77,483 (+₹1,200)
These prices reflect the highest purity of gold available in the market, with 24 carat gold being the purest form, typically used in gold bars and coins. 22 carat gold is most commonly used in jewelry, as it offers a balance between durability and gold content.
Gold Price Comparison Across Major Metro Cities (Feb 1, 2025)
| City | 22 Carat Price (₹ per 10 gm) | 24 Carat Price (₹ per 10 gm) |
|---|---|---|
| Bangalore | ₹77,325 (+₹1,200) | ₹84,355 (+₹1,310) |
| Chennai | ₹77,331 (+₹1,200) | ₹84,361 (+₹1,310) |
| Delhi | ₹77,483 (+₹1,200) | ₹84,513 (+₹1,310) |
| Kolkata | ₹77,335 (+₹1,200) | ₹84,365 (+₹1,310) |
| Mumbai | ₹77,337 (+₹1,200) | ₹84,367 (+₹1,310) |
| Pune | ₹77,343 (+₹1,200) | ₹84,373 (+₹1,310) |
Factors Influencing Gold Prices in Delhi
Gold prices in Delhi are affected by multiple factors:
- International Gold Prices: Gold is globally traded in U.S. dollars, and fluctuations in international markets can impact the domestic price in India, especially in cities like Delhi.
- Currency Fluctuations: A weakening of the Indian Rupee against the U.S. Dollar tends to raise gold prices in India, as it becomes costlier to import gold.
- Demand and Supply: The demand for gold in India is consistently high due to cultural and economic reasons, influencing prices. Additionally, wedding seasons and festivals like Diwali see a rise in demand.
- Import Duty: India imposes a 10% import duty on gold, which adds to its overall price in the country. This factor plays a significant role in gold pricing, especially in major cities like Delhi.
- Local Taxes and State Levies: State-level taxes, such as VAT or other levies, also influence gold prices. This varies from state to state, although Delhi’s tax rates are relatively standard compared to other major cities.
Gold Investment in Delhi: What You Need to Know
Gold is considered a stable investment option in India, especially in times of market volatility or inflation. Here are the primary forms of gold investments in Delhi:
- Physical Gold: This includes buying gold jewelry, coins, and bars. Jewelry is the most common form of investment, particularly for weddings and festivals.
- Gold ETFs and Bonds: For those who prefer not to hold physical gold, Exchange-Traded Funds (ETFs) and Sovereign Gold Bonds (SGBs) are excellent alternatives. These financial products provide the benefits of gold investment without the need to store physical gold.
- Gold Mutual Funds: Gold-based mutual funds invest in the gold market and related assets, offering an indirect way to benefit from the gold price movements.
Here is the table format for the gold rates in different cities in India:
| City Name | 22 Carat Price (₹ per 10 gm) | 24 Carat Price (₹ per 10 gm) |
|---|---|---|
| Ahmedabad | ₹77,391 | ₹84,421 |
| Amritsar | ₹77,510 | ₹84,540 |
| Bangalore | ₹77,325 | ₹84,355 |
| Bhopal | ₹77,394 | ₹84,424 |
| Bhubaneswar | ₹77,330 | ₹84,360 |
| Chandigarh | ₹77,492 | ₹84,522 |
| Chennai | ₹77,331 | ₹84,361 |
| Coimbatore | ₹77,350 | ₹84,380 |
| Delhi | ₹77,483 | ₹84,513 |
| Faridabad | ₹77,515 | ₹84,545 |
| Gurgaon | ₹77,508 | ₹84,538 |
| Hyderabad | ₹77,339 | ₹84,369 |
| Jaipur | ₹77,476 | ₹84,506 |
| Kanpur | ₹77,503 | ₹84,533 |
| Kerala | ₹77,355 | ₹84,385 |
| Kochi | ₹77,356 | ₹84,386 |
| Kolkata | ₹77,335 | ₹84,365 |
| Lucknow | ₹77,499 | ₹84,529 |
| Madurai | ₹77,327 | ₹84,357 |
| Mangalore | ₹77,338 | ₹84,368 |
| Meerut | ₹77,509 | ₹84,539 |
| Mumbai | ₹77,337 | ₹84,367 |
| Mysore | ₹77,324 | ₹84,354 |
| Nagpur | ₹77,351 | ₹84,381 |
| Nashik | ₹77,387 | ₹84,417 |
| Patna | ₹77,379 | ₹84,409 |
Frequently Asked Questions (FAQs) About Gold Price in Delhi
1. What is the current gold price in Delhi?
As of February 1, 2025, the gold price in Delhi is ₹84,513 per 10 grams for 24 carat gold and ₹77,483 per 10 grams for 22 carat gold.
2. Why do gold prices fluctuate daily in Delhi?
Gold prices fluctuate daily due to factors like international market conditions, currency exchange rates, changes in global economic trends, and local demand and supply dynamics.
3. What is the difference between 22 carat and 24 carat gold?
- 24 Carat Gold is 99.9% pure and is often used for investment purposes (bars, coins).
- 22 Carat Gold is 91.67% pure and is commonly used in making jewelry because of its durability.
4. How does the price of gold in Delhi compare to other cities?
The price of gold in Delhi tends to be in line with prices in other metro cities like Mumbai and Chennai, with minor variations depending on taxes and demand.
5. What are the main factors that affect gold prices in Delhi?
Gold prices in Delhi are influenced by global gold prices, the exchange rate of the Indian Rupee, local taxes, import duties, and the demand for gold during festivals and weddings.
6. Is gold a good investment in Delhi?
Yes, gold is considered a good long-term investment in Delhi. It acts as a hedge against inflation and provides financial security during economic uncertainties.
7. How can I invest in gold in Delhi?
You can invest in gold by purchasing physical gold (jewelry, coins, bars), buying gold ETFs, or investing in Sovereign Gold Bonds and mutual funds.
Conclusion
The gold price in Delhi remains influenced by a range of economic and global factors. Whether you’re looking to buy gold for investment purposes or for cultural reasons, it’s crucial to stay updated with the latest prices and trends. Keep in mind that the purity of the gold and its form (jewelry, coins, or bars) will impact its price.
Gold remains a timeless and reliable asset, and understanding how to navigate gold pricing in Delhi can help you make informed purchasing or investment decisions.