Gold Rates in India – 29th January 2025
Understanding Gold Rates: What You Need to Know
Gold has long been valued as a precious metal and a solid investment choice. In India, it is widely considered a safe asset, particularly in times of economic uncertainty. The price of gold, however, fluctuates regularly based on a variety of factors, including international market conditions, local taxes, and the value of the Indian Rupee against the US Dollar. If you’re looking to buy or invest in gold, it’s essential to stay informed about the latest gold rates.
Gold Rates in India – 29th January 2025
As of today, 29th January 2025, the gold rates in India are as follows:
- 24 Carat Gold (10 grams): ₹82,093 (down by ₹320.00)
- 22 Carat Gold (10 grams): ₹75,263 (down by ₹300.00)
India is the second-largest consumer of gold in the world, following China. The country’s gold demand is largely met through imports, though domestic bullion is also recycled. Gold serves not only as an adornment but as an investment, often sought as a hedge against inflation. However, factors such as global interest rates, bond yields, and the US Dollar’s strength also influence domestic gold prices.
Gold Prices in Major Indian Cities
Gold rates vary slightly across different regions in India, depending on factors like demand, state taxes, and local policies. Below are the current prices of gold (per 10 grams) for both 24K and 22K gold in major cities.
24 Carat Gold Prices (Per 10 grams):
- Bangalore: ₹81,935 (down by ₹320.00)
- Chennai: ₹81,941 (down by ₹320.00)
- Delhi: ₹82,093 (down by ₹320.00)
- Mumbai: ₹81,947 (down by ₹320.00)
- Pune: ₹81,953 (down by ₹320.00)
22 Carat Gold Prices (Per 10 grams):
- Bangalore: ₹75,105 (down by ₹300.00)
- Chennai: ₹75,111 (down by ₹300.00)
- Delhi: ₹75,263 (down by ₹300.00)
- Mumbai: ₹75,117 (down by ₹300.00)
- Pune: ₹75,123 (down by ₹300.00)
Factors That Affect Gold Prices in India
Several factors contribute to the fluctuation of gold rates in India:
- Global Gold Prices: Since gold is traded internationally in US Dollars, any global economic instability or geopolitical tension can lead to price changes.
- Currency Value: A weakening of the Indian Rupee against the Dollar typically results in higher gold prices in India.
- Local Taxes: Taxes such as VAT and GST, as well as state-level duties and import taxes, can influence the final price of gold.
- Demand & Supply: The demand for gold, particularly in the jewellery and investment sectors, can impact its price.
India’s gold demand is mostly driven by the jewellery sector, which accounts for a large portion of the nation’s gold consumption. In terms of volume, India imports approximately 800-900 tonnes of gold each year to meet this demand.
Here are the gold rates for the last 15 days in table format:
| Date | 22 Carat Price (₹ per 10g) | Change (₹) | 24 Carat Price (₹ per 10g) | Change (₹) |
|---|---|---|---|---|
| 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 |
| Jan 20, 2025 | ₹74,513 | -10.00 | ₹81,273 | -10.00 |
| Jan 19, 2025 | ₹74,523 | -160.00 | ₹81,283 | -170.00 |
| Jan 18, 2025 | ₹74,683 | +600.00 | ₹81,453 | +650.00 |
| Jan 17, 2025 | ₹74,083 | +500.00 | ₹80,803 | +550.00 |
| Jan 16, 2025 | ₹73,583 | +120.00 | ₹80,253 | +130.00 |
| Jan 15, 2025 | ₹73,463 | -120.00 | ₹80,123 | -130.00 |
This table provides the 22 carat and 24 carat gold prices for the last 15 days along with the daily changes.
Forms of Gold and Investment Options
Gold comes in two primary forms—24K (pure gold) and 22K (gold mixed with other metals like copper or zinc). The key differences between these two types are:
- 24K Gold: The purest form of gold (99.99% purity), ideal for investment purposes but too soft for making durable jewellery.
- 22K Gold: More commonly used in jewellery, it consists of 91.6% gold and is more durable than 24K gold.
Besides physical gold, such as coins, bars, and jewellery, India offers several other gold investment options, including:
- Gold Exchange-Traded Funds (ETFs): These financial products allow investors to buy gold without needing to store it physically.
- Sovereign Gold Bonds: A government-backed option that offers interest along with the potential for capital appreciation.
Importance of Hallmarking
In India, gold is hallmarked to guarantee its purity. Hallmarking is a certification issued by the Bureau of Indian Standards (BIS), ensuring that the gold is genuine and of the purity it claims to be. This certification protects consumers from purchasing adulterated or substandard gold.
Why Invest in Gold?
Gold has long been considered a stable and reliable investment, offering a hedge against inflation and a safeguard during times of economic volatility. It is also seen as a safe asset, particularly in uncertain times. With the global economy constantly shifting, gold’s intrinsic value remains a cornerstone of wealth preservation.
Here’s the gold rate data for different cities in India in table format:
| City Name | 22 Carat Price (₹ per 10g) | 24 Carat Price (₹ per 10g) |
|---|---|---|
| Ahmedabad | ₹75,171 | ₹82,001 |
| Amritsar | ₹75,290 | ₹82,120 |
| Bangalore | ₹75,105 | ₹81,935 |
| Bhopal | ₹75,174 | ₹82,004 |
| Bhubaneswar | ₹75,110 | ₹81,940 |
| Chandigarh | ₹75,272 | ₹82,102 |
| Chennai | ₹75,111 | ₹81,941 |
| Coimbatore | ₹75,130 | ₹81,960 |
| Delhi | ₹75,263 | ₹82,093 |
| Faridabad | ₹75,295 | ₹82,125 |
| Gurgaon | ₹75,288 | ₹82,118 |
| Hyderabad | ₹75,119 | ₹81,949 |
| Jaipur | ₹75,256 | ₹82,086 |
| Kanpur | ₹75,283 | ₹82,113 |
| Kerala | ₹75,135 | ₹81,965 |
| Kochi | ₹75,136 | ₹81,966 |
| Kolkata | ₹75,115 | ₹81,945 |
| Lucknow | ₹75,279 | ₹82,109 |
| Madurai | ₹75,107 | ₹81,937 |
| Mangalore | ₹75,118 | ₹81,948 |
| Meerut | ₹75,289 | ₹82,119 |
| Mumbai | ₹75,117 | ₹81,947 |
| Mysore | ₹75,104 | ₹81,934 |
| Nagpur | ₹75,131 | ₹81,961 |
| Nashik | ₹75,167 | ₹81,997 |
| Patna | ₹75,159 | ₹81,989 |
| Pune | ₹75,123 | ₹81,953 |
| Surat | ₹75,178 | ₹82,008 |
| Vadodara | ₹75,184 | ₹82,014 |
| Vijayawada | ₹75,125 | ₹81,955 |
| Visakhapatnam | ₹75,127 | ₹81,957 |
This table presents the 22 and 24 carat gold prices for 10 grams in different cities as of the latest data.
Conclusion
The price of gold is influenced by numerous factors, including global market trends, local taxes, currency values, and demand. For investors and buyers alike, staying informed about the latest rates and trends is crucial to making educated decisions when buying or investing in gold. Whether you’re purchasing for personal use or as an investment, understanding how gold prices fluctuate can help you make the most of your purchase.