Gold Price in Delhi – Latest Updates and Trends (February 3, 2025)
Gold has always been an essential part of India’s culture, and in cities like Delhi, it’s both a valuable asset and a symbol of tradition. If you’re looking to invest in gold or purchase it for personal use, staying informed about the latest gold prices in Delhi is crucial. As of February 3, 2025, the gold rates have seen slight variations in the market. Here’s everything you need to know about the current gold price in Delhi and what factors affect it.
Current Gold Prices in Delhi – February 2025
On February 3, 2025, the gold prices in Delhi are as follows:
- 24 Carat Gold (10 grams): ₹84,663
- 22 Carat Gold (10 grams): ₹77,623
These prices reflect the market rate for 10 grams of gold, and the prices might fluctuate based on global and domestic factors. Let’s break down the differences between 22K and 24K gold to help you understand the market better.
Understanding 22K vs 24K Gold
- 24K Gold (99.9% pure): This is the purest form of gold and is highly valued as an investment. However, it is too soft to be molded into jewelry and is often bought in bullion or bars.
- 22K Gold (91.67% pure): Most commonly used for jewelry, 22K gold contains a blend of gold and other metals like copper, which makes it durable enough for crafting intricate designs while still retaining its high value.
Gold Prices Across Major Indian Cities – February 3, 2025
Gold prices tend to vary across different cities in India due to factors such as demand, taxes, and logistics. Here’s a quick look at the gold price in some major cities:
24 Carat Gold (10 grams):
- Bangalore: ₹84,505
- Chennai: ₹84,511
- Delhi: ₹84,663
- Kolkata: ₹84,515
- Mumbai: ₹84,517
- Pune: ₹84,523
22 Carat Gold (10 grams):
- Bangalore: ₹77,465
- Chennai: ₹77,471
- Delhi: ₹77,623
- Kolkata: ₹77,475
- Mumbai: ₹77,477
- Pune: ₹77,483
Factors Influencing Gold Prices in Delhi
Gold prices don’t remain static and are influenced by various factors. Here’s a look at what drives the cost of gold in Delhi:
- Global Gold Prices: International gold prices directly affect local rates. Fluctuations in the global economy, such as inflation, interest rates, or political instability, can cause gold prices to rise or fall.
- Currency Exchange Rates: The strength of the Indian Rupee against the US Dollar plays a significant role. A weaker Rupee increases the price of gold in India.
- Import Duties and Taxes: The Indian government imposes a 10% import duty on gold. Local taxes and levies also contribute to the final price.
- Demand and Festivals: In India, the demand for gold spikes during certain festivals like Diwali or Akshaya Tritiya, influencing the rates.
- Economic Trends: In times of economic uncertainty, gold prices tend to rise as people flock to the precious metal for security.
Here’s the Gold Rate data in a table format:
| City Name | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Ahmedabad | 77,531 | 84,571 |
| Amritsar | 77,650 | 84,690 |
| Bangalore | 77,465 | 84,505 |
| Bhopal | 77,534 | 84,574 |
| Bhubaneswar | 77,470 | 84,510 |
| Chandigarh | 77,632 | 84,672 |
| Chennai | 77,471 | 84,511 |
| Coimbatore | 77,490 | 84,530 |
| Delhi | 77,623 | 84,663 |
| Faridabad | 77,655 | 84,695 |
| Gurgaon | 77,648 | 84,688 |
| Hyderabad | 77,479 | 84,519 |
| Jaipur | 77,616 | 84,656 |
| Kanpur | 77,643 | 84,683 |
| Kerala | 77,495 | 84,535 |
| Kochi | 77,496 | 84,536 |
| Kolkata | 77,475 | 84,515 |
| Lucknow | 77,639 | 84,679 |
| Madurai | 77,467 | 84,507 |
| Mangalore | 77,478 | 84,518 |
| Meerut | 77,649 | 84,689 |
| Mumbai | 77,477 | 84,517 |
| Mysore | 77,464 | 84,504 |
| Nagpur | 77,491 | 84,531 |
| Nashik | 77,527 | 84,417 |
| Patna | 77,519 | 84,559 |
| Pune | 77,483 | 84,523 |
| Surat | 77,538 | 84,578 |
| Vadodara | 77,544 | 84,584 |
| Vijayawada | 77,485 | 84,525 |
| Visakhapatnam | 77,487 | 84,527 |
Gold Rate Trends: Last 04 Days in Delhi
Looking at the historical price trends can help you understand market movements:
| Date | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Feb 02, 2025 | ₹77,623 | ₹84,663 |
| Feb 01, 2025 | ₹77,483 | ₹84,513 |
| Jan 31, 2025 | ₹76,283 | ₹83,203 |
| Jan 30, 2025 | ₹76,133 | ₹83,033 |
Gold prices have experienced slight fluctuations over the past few days, which is common due to the volatile nature of the market.
Why Invest in Gold in Delhi?
Gold is not just a beautiful asset, but also a secure investment. Here’s why investing in gold in Delhi makes sense:
- Safe-Haven Asset: In uncertain economic times, gold is considered a safe investment. It tends to retain value even during inflation or market downturns.
- Cultural and Traditional Value: In Delhi, gold holds immense cultural significance, especially in weddings and festivals, making it a long-term investment for generations.
- Hedge Against Inflation: Gold has historically been a hedge against inflation, meaning its value tends to rise as the cost of living increases.
- Investment Flexibility: You can invest in gold in various forms, including gold jewelry, coins, bars, or through financial products like gold ETFs (Exchange Traded Funds) and sovereign gold bonds.
How to Buy Gold in Delhi
Buying gold in Delhi is straightforward, but it’s essential to ensure that you’re getting value for your money. Here are a few tips:
- Choose a Reputable Seller: Always buy from certified jewelers who provide hallmarked gold, which guarantees purity.
- Check Gold Purity: Make sure you understand whether you’re purchasing 22K or 24K gold to avoid confusion over pricing and purity.
- Consider Gold Coins and Bars: If you’re investing, gold coins and bars are a great way to buy gold with less markup compared to jewelry.
Frequently Asked Questions About Gold Prices in Delhi
Why are gold prices different in various cities in India?
Gold prices vary due to regional taxes, transportation costs, and local demand.
Is it a good time to invest in gold in Delhi?
Given its reputation as a stable investment and the potential for price appreciation, gold remains a good investment option, especially in uncertain times.
What does hallmarking mean for gold?
Hallmarking is a certification of the purity of gold, ensuring you receive the exact metal quality you’re paying for.
What is the price difference between 22K and 24K gold?
24K gold is purer, thus more expensive than 22K gold, which contains other metals to increase durability.
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