Gold Rates in India Today – January 19, 2025

Gold Rates in India Today – January 19, 2025

Updated Gold Prices:

• 24 Carat Gold Rate (10 grams): ₹81,283 (decreased by ₹170)
• 22 Carat Gold Rate (10 grams): ₹74,523 (decreased by ₹160)

India stands as the world’s second-largest consumer of gold, following China. Most of the country’s gold demand is met through imports, with additional supply from domestically recycled bullion. Domestic gold prices are influenced by international market trends, dollar exchange rates, and import duties. Apart from this, local taxes and bond yields also play a role in determining the price of this precious metal. Gold is traditionally seen as a hedge against inflation, with its prices often fluctuating based on these factors.

Current Gold Rates in Major Indian Cities (As of January 19, 2025)

Gold Rates in Other Cities

Gold Prices Over the Last 15 Days

Factors Influencing Gold Prices in India

Gold prices in India are dynamic and fluctuate due to a variety of factors:

1. International Market Trends: Global gold rates, which are influenced by geopolitical events and global economic developments, play a significant role in determining domestic prices.
2. Currency Value: The value of the Indian Rupee against the US Dollar can impact gold prices. When the rupee weakens, gold prices tend to rise.
3. Interest Rates & Inflation: High inflation and low interest rates often push people toward gold as a safe investment.
4. Import Duties & Taxes: The import duty on gold in India currently stands at 10%, which can affect domestic prices, especially when the government adjusts taxes or duties.

Types of Gold in India

1. 24 Karat Gold: Known as the purest form of gold (99.99% purity), 24K gold is mainly used for investment purposes and is too soft for jewelry making.
2. 22 Karat Gold: Comprising 22 parts gold and 2 parts alloy metals (like copper or zinc), 22K gold is commonly used for making jewelry due to its greater hardness compared to 24K.

Why is Gold a Safe Investment?

Gold is widely considered a safe investment due to its ability to retain value over time, especially during economic uncertainties. It acts as a hedge against inflation and currency depreciation. For centuries, gold has been a reliable store of value, making it a preferred investment choice in India.

Frequently Asked Questions (FAQs) About Gold

1. Why should you invest in gold?
   • Gold provides a reliable hedge against inflation and economic instability. It retains its value and can be easily liquidated when needed.
2. What are the various forms of investing in gold?
   • Physical gold (jewelry, coins, bars), gold ETFs, sovereign gold bonds, and gold mutual funds are some of the popular investment options.
3. Does India import gold?
   • Yes, India is the largest importer of gold, primarily catering to the demand from the jewelry industry.
4. How are gold prices determined in India?
   • Domestic gold prices are influenced by international market trends, currency exchange rates, taxes, and import duties.
5. What is the difference between 22K and 24K gold?
   • 24K gold is pure gold (99.99% purity), while 22K gold contains 22 parts gold and 2 parts other metals, making it more durable for jewelry.
6. What is hallmarking of gold?
   • Hallmarking is the certification process where gold is tested for purity. It guarantees the authenticity of the gold purchased.
7. Who is responsible for hallmarking gold in India?
   • The Bureau of Indian Standards (BIS) is responsible for hallmarking gold in India.
8. What does KDM gold mean?
   • KDM gold refers to gold jewelry that is made using 92% gold and 8% cadmium (used as a solder). However, KDM gold is not commonly preferred today due to potential health risks from cadmium.

By staying updated with the latest gold rates, investing in gold can be a profitable and secure option for many individuals.