Gold Rates in India – Latest Update for January 20, 2025
Gold Rates Today in India (Updated January 20, 2025)
Gold rates in India continue to fluctuate based on various domestic and international factors. As of today, the prices are as follows:
- 24 Carat Gold Rate (10 grams): ₹81,273 (down by ₹10)
- 22 Carat Gold Rate (10 grams): ₹74,513 (down by ₹10)
India, the world’s second-largest consumer of gold after China, imports the majority of its gold requirements, with the rest being met through recycled domestic bullion. The gold price in India is influenced by several factors such as international gold rates (denominated in US dollars), import duties, local taxes, and currency exchange rates. Apart from inflation hedging, the value of gold is also impacted by bond yields and the exchange rate of the dollar.
Current Gold Price in Major Indian Cities – 20 January 2025
24 Carat Gold Price (10 grams)
- Bangalore: ₹81,115 (down by ₹10)
- Chennai: ₹81,121 (down by ₹10)
- Delhi: ₹81,273 (down by ₹10)
- Kolkata: ₹81,125 (down by ₹10)
- Mumbai: ₹81,127 (down by ₹10)
- Pune: ₹81,133 (down by ₹10)
22 Carat Gold Price (10 grams)
- Bangalore: ₹74,355 (down by ₹10)
- Chennai: ₹74,361 (down by ₹10)
- Delhi: ₹74,513 (down by ₹10)
- Kolkata: ₹74,365 (down by ₹10)
- Mumbai: ₹74,367 (down by ₹10)
- Pune: ₹74,373 (down by ₹10)
Gold Rates in Various Cities Across India
Here’s the gold rate breakdown for 22 Carat and 24 Carat gold in different cities as of January 20, 2025:
| City | 22 Carat Gold (₹/10g) | 24 Carat Gold (₹/10g) |
|---|---|---|
| Ahmedabad | ₹74,421 | ₹81,181 |
| Amritsar | ₹74,540 | ₹81,300 |
| Bangalore | ₹74,355 | ₹81,115 |
| Bhopal | ₹74,424 | ₹81,184 |
| Chennai | ₹74,361 | ₹81,121 |
| Delhi | ₹74,513 | ₹81,273 |
| Hyderabad | ₹74,369 | ₹81,129 |
| Jaipur | ₹74,506 | ₹81,266 |
| Kolkata | ₹74,365 | ₹81,125 |
| Mumbai | ₹74,367 | ₹81,127 |
| Pune | ₹74,373 | ₹81,133 |
Historical Gold Price Trend – Last 05 Days
| Date | 22 Carat Price (₹/10g) | 24 Carat Price (₹/10g) |
|---|---|---|
| Jan 19, 2025 | ₹74,523 (down by ₹160) | ₹81,283 (down by ₹170) |
| Jan 18, 2025 | ₹74,683 (up by ₹600) | ₹81,453 (up by ₹650) |
| Jan 17, 2025 | ₹74,083 (up by ₹500) | ₹80,803 (up by ₹550) |
| Jan 16, 2025 | ₹73,583 (up by ₹120) | ₹80,253 (up by ₹130) |
| Jan 15, 2025 | ₹73,463 (down by ₹120) | ₹80,123 (down by ₹130) |
Why Gold Prices Fluctuate in India
The price of gold in India is determined by several factors:
- Global Economic Conditions: International factors like economic growth, geopolitical tensions, and market instability can drive the price of gold higher.
- Currency Exchange Rates: A weak Indian rupee against the US dollar increases the price of gold since it is priced in dollars on the international market.
- Domestic Factors: Local taxes, import duties (currently at 10%), and state-level policies influence the final price of gold in Indian markets.
- Interest Rates and Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors tend to move toward gold as a safe investment, which drives prices up.
Understanding the Types of Gold
- 24 Carat Gold: Also known as pure gold, it has a purity of 99.99%. However, it is not typically used for jewelry due to its softness.
- 22 Carat Gold: Composed of 91.67% gold mixed with other metals like copper and zinc, 22k gold is commonly used in jewelry making due to its durability.
Investment in Gold: Forms and Advantages
Gold is a popular investment choice in India due to its ability to act as a hedge against inflation and market volatility. People invest in gold in various forms such as:
- Physical Gold: Bars, coins, and jewelry.
- Gold ETFs (Exchange-Traded Funds): Investors can buy gold-backed securities.
- Sovereign Gold Bonds: A government-backed scheme offering returns on gold investment.
Here is the gold price data for different cities in India in table format:
| City Name | 22 Carat Gold Price (₹/10g) | 24 Carat Gold Price (₹/10g) |
|---|---|---|
| Ahmedabad | ₹74,421 | ₹81,181 |
| Amritsar | ₹74,540 | ₹81,300 |
| Bangalore | ₹74,355 | ₹81,115 |
| Bhopal | ₹74,424 | ₹81,184 |
| Bhubaneswar | ₹74,360 | ₹81,120 |
| Chandigarh | ₹74,522 | ₹81,282 |
| Chennai | ₹74,361 | ₹81,121 |
| Coimbatore | ₹74,380 | ₹81,140 |
| Delhi | ₹74,513 | ₹81,273 |
| Faridabad | ₹74,545 | ₹81,305 |
| Gurgaon | ₹74,538 | ₹81,298 |
| Hyderabad | ₹74,369 | ₹81,129 |
| Jaipur | ₹74,506 | ₹81,266 |
| Kanpur | ₹74,533 | ₹81,293 |
| Kerala | ₹74,385 | ₹81,145 |
| Kochi | ₹74,386 | ₹81,146 |
| Kolkata | ₹74,365 | ₹81,125 |
| Lucknow | ₹74,529 | ₹81,289 |
| Madurai | ₹74,357 | ₹81,117 |
| Mangalore | ₹74,368 | ₹81,128 |
| Meerut | ₹74,539 | ₹81,299 |
| Mumbai | ₹74,367 | ₹81,127 |
| Mysore | ₹74,354 | ₹81,114 |
| Nagpur | ₹74,381 | ₹81,141 |
| Nashik | ₹74,417 | ₹81,177 |
| Patna | ₹74,409 | ₹81,169 |
| Pune | ₹74,373 | ₹81,133 |
| Surat | ₹74,428 | ₹81,188 |
| Vadodara | ₹74,434 | ₹81,194 |
| Vijayawada | ₹74,375 | ₹81,135 |
| Visakhapatnam | ₹74,377 | ₹81,137 |
FAQs About Gold Rates in India
- What causes gold prices to rise in India? Gold prices rise primarily due to global economic conditions, weakening of the Indian Rupee against the US Dollar, and inflationary pressures.
- What is the difference between 22k and 24k gold? 24k gold is pure gold, while 22k gold has 22 parts of gold and 2 parts of other metals, making it more durable for jewelry.
- Why is hallmarking important for gold? Hallmarking guarantees the purity of gold, ensuring that buyers are getting exactly what they pay for.
- How is gold rate calculated? Gold rates are influenced by international gold prices, import duties, local taxes, and market demand.
By staying informed about the current gold rates and market conditions, you can make smart investment decisions. Whether you’re buying gold for personal use or investment, understanding the factors that affect gold prices will help you make the right choices.
Conclusion
The gold rate in India is impacted by multiple factors such as global market trends, the value of the Indian Rupee, and domestic economic conditions. Monitoring daily fluctuations in gold prices can help you decide when to buy or sell.