Gold Rates Today: Latest Updates on Gold Prices Across India (03 February 2025)
Gold continues to be one of the most coveted commodities in the world, especially in India, where it is deeply embedded in cultural and financial practices. Whether you’re looking to buy gold as an investment, purchase jewellery, or simply monitor market trends, staying updated on today’s gold rate is essential. In this article, we’ll explore the latest gold prices in India and provide insights into how these rates are determined.
Today’s Gold Rate in India: February 3, 2025
The price of gold fluctuates daily based on several factors, including global market conditions, currency exchange rates, and demand within the domestic market. As of February 3, 2025, here are the gold prices in India:
- 24 Carat Gold (10 grams): ₹84,663
- 22 Carat Gold (10 grams): ₹77,623
These rates are indicative of the price per 10 grams of gold in major Indian markets. However, prices may vary depending on the city, taxes, and other local factors.
Gold Prices in Major Indian Cities (February 3, 2025)
Gold prices differ from one city to another due to factors such as demand, local taxes, and transport costs. Below are the gold prices in some key metro cities:
24 Carat Gold Price per 10 grams:
- Bangalore: ₹84,505
- Chennai: ₹84,511
- Delhi: ₹84,663
- Kolkata: ₹84,515
- Mumbai: ₹84,517
- Pune: ₹84,523
22 Carat Gold Price per 10 grams:
- Bangalore: ₹77,465
- Chennai: ₹77,471
- Delhi: ₹77,623
- Kolkata: ₹77,475
- Mumbai: ₹77,477
- Pune: ₹77,483
Understanding Gold Purity: 22K vs 24K
When buying gold in India, you’ll encounter two main types: 22K gold and 24K gold. Here’s a quick breakdown:
- 24K Gold: This is the purest form of gold, with a purity of 99.99%. However, because of its softness, it is not commonly used in jewellery. Instead, it’s often sold in the form of bars and coins.
- 22K Gold: Made of 22 parts gold and 2 parts of other metals like copper or zinc, 22K gold is more durable and is commonly used in making jewellery. This is the most popular choice for consumers in India.
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 |
Factors Affecting Gold Prices in India
Several factors contribute to the fluctuations in gold rates:
- International Gold Prices: Global events, such as geopolitical tensions, can influence gold’s appeal as a safe-haven investment, pushing prices up or down.
- Currency Exchange Rates: The value of the Indian Rupee against the US Dollar plays a significant role in determining local gold prices. A weaker Rupee can make gold more expensive.
- Demand and Supply: India’s high demand for gold, particularly for festivals, weddings, and jewellery, directly impacts its price. Additionally, import duties and taxes affect the final price in the local markets.
- Interest Rates and Inflation: When inflation rises, investors often turn to gold as a store of value, which can increase demand and, in turn, raise prices.
- Government Policies: Changes in government policies, such as the import duty on gold or tax policies, can also have a direct impact on pricing.
Gold Price Trend: Last 15 Days
To help you track the market better, here’s a glimpse of gold price movement over the last 15 days:
| 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 |
| Jan 29, 2025 | ₹75,263 | ₹82,093 |
| … | … | … |
Investing in Gold: Why It’s a Safe Bet
Gold is often considered a safe-haven investment, especially in times of economic uncertainty. People turn to gold as a hedge against inflation and currency fluctuations. In India, gold is not just an investment but a cultural symbol, making it a go-to choice for wealth preservation.
Forms of Gold Investment:
- Physical Gold: Gold jewellery, coins, and bars are the most common ways to buy gold in India.
- Gold ETFs: These are exchange-traded funds that track the price of gold.
- Sovereign Gold Bonds: These government-backed bonds offer an attractive alternative to buying physical gold.
How to Buy Gold Safely in India
When purchasing gold, it’s important to ensure you’re buying from a reputable source. Always look for hallmarked gold, which certifies its purity. The Bureau of Indian Standards (BIS) oversees gold hallmarking in India, ensuring buyers get the gold they pay for.
FAQs About Gold Rates
- What is the difference between 22K and 24K gold?
- 24K gold is pure gold, while 22K gold contains 22 parts gold and 2 parts of other metals.
- Why does gold price fluctuate?
- Gold prices fluctuate based on global economic factors, currency movements, and demand-supply conditions.
- What is hallmarking?
- Hallmarking is a certification of the purity of gold by the BIS, guaranteeing you are buying genuine gold.
- How can I track today’s gold price?
- You can track gold prices on financial news sites, commodity markets, and reliable gold rate tracking websites.
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