Gold Prices in India (Updated on 4th February 2025)
- 24 Carat Gold (10 grams): ₹84,213
- 22 Carat Gold (10 grams): ₹77,213
India is one of the largest consumers of gold globally, second only to China. Gold in India is mainly imported, supplemented by local recycling. Besides international prices, domestic gold rates are influenced by factors like import duties, taxes, bond yields, and the dollar exchange rate.
Gold Rates in Major Indian Cities (Per 10 grams)
24 Carat Gold:
- Bangalore: ₹84,055
- Chennai: ₹84,061
- Delhi: ₹84,213
- Kolkata: ₹84,065
- Mumbai: ₹84,067
- Pune: ₹84,073
22 Carat Gold:
- Bangalore: ₹77,055
- Chennai: ₹77,061
- Delhi: ₹77,213
- Kolkata: ₹77,065
- Mumbai: ₹77,067
- Pune: ₹77,073
Here’s the gold rate data in a table format for easier reference:
| City Name | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Ahmedabad | 77,121 | 84,121 |
| Amritsar | 77,240 | 84,240 |
| Bangalore | 77,055 | 84,055 |
| Bhopal | 77,124 | 84,124 |
| Bhubaneswar | 77,060 | 84,060 |
| Chandigarh | 77,222 | 84,222 |
| Chennai | 77,061 | 84,061 |
| Coimbatore | 77,080 | 84,080 |
| Delhi | 77,213 | 84,213 |
| Faridabad | 77,245 | 84,245 |
| Gurgaon | 77,238 | 84,238 |
| Hyderabad | 77,069 | 84,069 |
| Jaipur | 77,206 | 84,206 |
| Kanpur | 77,233 | 84,233 |
| Kerala | 77,085 | 84,085 |
| Kochi | 77,086 | 84,086 |
| Kolkata | 77,065 | 84,065 |
| Lucknow | 77,229 | 84,229 |
| Madurai | 77,057 | 84,057 |
| Mangalore | 77,068 | 84,068 |
| Meerut | 77,239 | 84,239 |
| Mumbai | 77,067 | 84,067 |
| Mysore | 77,054 | 84,054 |
| Nagpur | 77,081 | 84,081 |
| Nashik | 77,117 | 84,117 |
| Patna | 77,109 | 84,109 |
| Pune | 77,073 | 84,073 |
| Surat | 77,128 | 84,128 |
| Vadodara | 77,134 | 84,134 |
| Vijayawada | 77,075 | 84,075 |
| Visakhapatnam | 77,077 | 84,077 |
This table provides the latest gold prices for 22 Carat and 24 Carat gold in various cities across India as of 4th February 2025.
What Affects Gold Rates in India?
Gold prices are influenced by several factors that impact the global and domestic economy. Here are the primary contributors:
- International Gold Prices: As gold is traded globally, fluctuations in international gold prices directly affect local rates in India. Global economic events, geopolitical tensions, and changes in the demand for gold as a safe-haven investment often cause price shifts.
- Currency Exchange Rates: The value of the Indian Rupee against the US Dollar plays a crucial role in determining gold prices. When the Rupee weakens, gold tends to become more expensive in India.
- Local Taxes and Import Duties: India’s import duty on gold is currently set at 10%. These duties, along with state-specific taxes and levies, contribute to the higher cost of gold.
- Global Economic Trends: Interest rates, inflation rates, and global economic growth all affect the price of gold. For example, when inflation rises, more people turn to gold as a safe store of value, driving up demand and prices.
- Demand and Supply: In India, gold is traditionally in high demand, particularly during festivals and wedding seasons. The demand-supply dynamics directly influence pricing.
Gold Price Trends (Last 15 Days)
- Feb 03, 2025: 22K ₹77,613 | 24K ₹84,653
- Feb 02, 2025: 22K ₹77,623 | 24K ₹84,663
- Feb 01, 2025: 22K ₹77,483 | 24K ₹84,513
- Jan 31, 2025: 22K ₹76,283 | 24K ₹83,203
Gold prices are volatile, often influenced by international market factors such as the US dollar and global economic conditions. Furthermore, gold in India is subject to taxes and duties, making its price fluctuate from city to city.
Here’s the gold price data for the last 15 days in a table format:
| Date | 22 Carat Price (₹) | Change (₹) | 24 Carat Price (₹) | Change (₹) |
|---|---|---|---|---|
| Feb 03, 2025 | 77,613 | -10.00 | 84,653 | -10.00 |
| Feb 02, 2025 | 77,623 | +140.00 | 84,663 | +150.00 |
| Feb 01, 2025 | 77,483 | +1,200.00 | 84,513 | +1,310.00 |
| Jan 31, 2025 | 76,283 | +150.00 | 83,203 | +170.00 |
| Jan 30, 2025 | 76,133 | +870.00 | 83,033 | +940.00 |
| Jan 29, 2025 | 75,263 | -300.00 | 82,093 | -320.00 |
| 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 |
This table shows the gold prices for 22 Carat and 24 Carat gold over the last 15 days, along with the changes in prices.
Types of Gold: 22K vs 24K
Gold is available in two primary types in India:
- 24 Carat Gold: This is the purest form of gold, with a purity of 99.99%. While it’s highly sought after as an investment, it is too soft for making jewellery.
- 22 Carat Gold: Comprising 22 parts gold and 2 parts of other metals (like copper or zinc), 22K gold is more durable and commonly used for making jewellery. It contains about 91.6% pure gold.
Investing in Gold
Gold remains a popular and stable investment, considered a hedge against inflation and economic uncertainty. In India, gold is traded in two common forms:
- 24K gold: Pure gold (99.99% purity) and too soft for jewellery, often used for investments.
- 22K gold: 91.67% pure, mixed with other metals like copper and zinc, commonly used in jewellery.
Would you like to know more about how to invest in gold, or how the import duties might affect prices further? If Yes Then Comment Below the Questions you have.
Why Invest in Gold?
Gold has always been considered a safe investment. Here are a few reasons why people invest in gold:
- Hedge Against Inflation: Gold is seen as a shield against inflation. As prices rise and the value of the currency fluctuates, gold tends to retain its value.
- Cultural Significance: In India, gold plays a key role in social events like weddings and festivals, making it not just an investment but a part of tradition.
- Portfolio Diversification: Many investors include gold in their portfolios to diversify their investments, reducing risk.
Forms of Gold Investment
There are several ways to invest in gold in India:
- Physical Gold: This includes buying gold jewellery, coins, and bars.
- Gold ETFs: Exchange-traded funds that track the price of gold.
- Sovereign Gold Bonds: Issued by the Indian government, these bonds offer an alternative to physical gold.
Understanding Hallmarked Gold
In India, hallmarking is a certification of the purity of gold. It guarantees that the gold you buy is of the specified purity. Hallmarking protects buyers from purchasing adulterated or impure gold. It is issued by the Bureau of Indian Standards (BIS).
FAQs About Gold
- Why should I invest in gold?
- Gold acts as a hedge against inflation, provides financial security, and has cultural significance in India.
- What’s the difference between 22K and 24K gold?
- 24K gold is pure gold (99.99% purity), while 22K gold contains 91.6% pure gold mixed with other metals for durability.
- How are gold rates determined in India?
- Gold rates depend on international market prices, currency exchange rates, local demand, taxes, and import duties.
- What is hallmarking?
- Hallmarking certifies the purity of gold and ensures its authenticity.
- What does KDM gold mean?
- KDM gold refers to a particular method of alloying gold with cadmium. It is often used in jewellery making, although its usage has been limited due to health concerns related to cadmium.