Gold Price in Delhi: Latest Updates for January 29, 2025

Gold Price in Delhi: Latest Updates for January 29, 2025

Gold has always held a special place in Indian culture and is considered a safe investment option, especially in uncertain economic times. In Delhi, the capital of India, gold prices fluctuate based on global market trends, demand, and local factors. As of January 29, 2025, the gold prices in Delhi are as follows:

Gold Prices in Delhi (Per 10 grams):

• 24 Carat Gold (99.9% purity): ₹82,093 (down by ₹320)
• 22 Carat Gold (91.67% purity): ₹75,263 (down by ₹300)

Understanding Gold Purity

When purchasing gold, it’s important to understand the difference between 24 carat and 22 carat gold:

• 24 Carat Gold is the purest form of gold, containing 99.9% gold. This gold is soft and typically used for investment purposes, such as in gold bars or coins, rather than for making durable jewellery.
• 22 Carat Gold contains 91.67% gold, with the remaining portion made up of other metals like copper or zinc. It is more commonly used for crafting jewellery because of its increased strength.

Gold Price Trends in Delhi and Other Cities

Gold prices in India, including Delhi, are influenced by a range of factors, such as the global price of gold, currency exchange rates, and local taxes. On January 29, 2025, the following gold prices were observed in other metro cities across India:

24 Carat Gold Prices (Per 10 grams):

• Bangalore: ₹81,935 (down by ₹320)
• Chennai: ₹81,941 (down by ₹320)
• Delhi: ₹82,093 (down by ₹320)
• Kolkata: ₹81,945 (down by ₹320)
• Mumbai: ₹81,947 (down by ₹320)
• Pune: ₹81,953 (down by ₹320)

22 Carat Gold Prices (Per 10 grams):

• Bangalore: ₹75,105 (down by ₹300)
• Chennai: ₹75,111 (down by ₹300)
• Delhi: ₹75,263 (down by ₹300)
• Kolkata: ₹75,115 (down by ₹300)
• Mumbai: ₹75,117 (down by ₹300)
• Pune: ₹75,123 (down by ₹300)

Factors Affecting Gold Prices in Delhi

Several factors contribute to the fluctuation in gold prices:

1. Global Gold Prices: Gold is traded globally in US Dollars, so its price in India is largely influenced by international market trends. Events such as global economic uncertainty or changes in US interest rates can impact gold prices worldwide.
2. Indian Rupee vs US Dollar: The value of the Indian Rupee relative to the US Dollar also plays a significant role. A weaker Rupee against the Dollar typically drives up the price of gold in India.
3. Local Taxes and Import Duties: In India, the import duty on gold is currently set at 10%, and additional state taxes may vary depending on the region. These local factors contribute to the final price you pay for gold.
4. Demand and Supply: The demand for gold in India, particularly for jewellery during festive seasons, can cause a spike in prices. The supply side, including the volume of imports, also influences the cost.

Gold as an Investment in Delhi

Gold is considered a reliable and safe investment option in India, particularly in cities like Delhi. People invest in gold to hedge against inflation, currency fluctuations, and economic uncertainties. The price of gold in Delhi remains competitive compared to other cities due to the region’s high demand for jewellery and investment.

There are several ways to invest in gold in Delhi:

• Physical Gold: This includes gold coins, bars, and jewellery. While it offers the advantage of tangibility, storage and security are important considerations.
• Gold Exchange-Traded Funds (ETFs): These are convenient, as they allow you to invest in gold without physically owning it. Gold ETFs track the price of gold in the market and are traded on the stock exchange.
• Sovereign Gold Bonds: Issued by the Government of India, these bonds offer both returns on investment and interest, making them an attractive option for long-term investors.

Here’s the gold rate data for different cities in India in table format:

This table presents the 22 and 24 carat gold prices for 10 grams in different cities as of the latest data.

Conclusion

The gold price in Delhi today, January 29, 2025, reflects the ongoing changes in the global gold market, the strength of the Indian Rupee, and domestic demand. With gold prices remaining volatile, it’s essential to keep an eye on these trends if you’re considering investing in gold in Delhi. Whether you’re looking to buy gold for jewellery, investment, or as a safeguard against inflation, understanding the market dynamics will help you make informed decisions.