Gold Rates Today in India: Updated on 31st January 2025
India, the world’s second-largest consumer of gold after China, experiences fluctuating gold prices daily due to multiple factors. The price of gold is influenced by both international and domestic conditions, including global economic trends, interest rates, the strength of the US dollar, import duties, and taxes. On this page, we will explore the latest gold rates in India, along with insights on how gold prices are determined.
Current Gold Rates in India (31st January 2025)
- 24 Carat Gold Rate (10 grams): ₹83,203 (+₹170)
- 22 Carat Gold Rate (10 grams): ₹76,283 (+₹150)
Gold Prices in Major Indian Cities on 31st January 2025
- Bangalore
- 24 Carat: ₹83,045 (+₹170)
- 22 Carat: ₹76,125 (+₹150)
- Chennai
- 24 Carat: ₹83,051 (+₹170)
- 22 Carat: ₹76,131 (+₹150)
- Delhi
- 24 Carat: ₹83,203 (+₹170)
- 22 Carat: ₹76,283 (+₹150)
- Mumbai
- 24 Carat: ₹83,057 (+₹170)
- 22 Carat: ₹76,137 (+₹150)
- Pune
- 24 Carat: ₹83,063 (+₹170)
- 22 Carat: ₹76,143 (+₹150)
How Gold Prices Are Determined in India
The price of gold in India is influenced by a combination of international gold rates and domestic factors like the rupee-dollar exchange rate, taxes, and duties. For instance, if the Indian rupee weakens against the US dollar, gold prices tend to rise. Additionally, factors like inflation, bond yields, and international political conditions can also impact gold rates.
In India, gold is commonly traded in two forms:
- 24 Carat Gold: The purest form of gold (99.99% purity), which is ideal for investment purposes but not suitable for jewelry due to its softness.
- 22 Carat Gold: Made up of 22 parts of gold and 2 parts of other metals (like copper or zinc), this type of gold is more durable and commonly used in making jewelry.
Here’s the gold rate information in a table format:
| City Name | 22 Carat Price (per 10g) | 24 Carat Price (per 10g) |
|---|---|---|
| Ahmedabad | ₹76,191 | ₹83,111 |
| Amritsar | ₹76,310 | ₹83,230 |
| Bangalore | ₹76,125 | ₹83,045 |
| Bhopal | ₹76,194 | ₹83,114 |
| Bhubaneswar | ₹76,130 | ₹83,050 |
| Chandigarh | ₹76,292 | ₹83,212 |
| Chennai | ₹76,131 | ₹83,051 |
| Coimbatore | ₹76,150 | ₹83,070 |
| Delhi | ₹76,283 | ₹83,203 |
| Faridabad | ₹76,315 | ₹83,235 |
| Gurgaon | ₹76,308 | ₹83,228 |
| Hyderabad | ₹76,139 | ₹83,059 |
| Jaipur | ₹76,276 | ₹83,196 |
| Kanpur | ₹76,303 | ₹83,223 |
| Kerala | ₹76,155 | ₹83,075 |
| Kochi | ₹76,156 | ₹83,076 |
| Kolkata | ₹76,135 | ₹83,055 |
| Lucknow | ₹76,299 | ₹83,219 |
| Madurai | ₹76,127 | ₹83,047 |
| Mangalore | ₹76,138 | ₹83,058 |
| Meerut | ₹76,309 | ₹83,229 |
| Mumbai | ₹76,137 | ₹83,057 |
| Mysore | ₹76,124 | ₹83,044 |
| Nagpur | ₹76,151 | ₹83,071 |
| Nashik | ₹76,187 | ₹83,107 |
| Patna | ₹76,179 | ₹83,099 |
| Pune | ₹76,143 | ₹83,063 |
| Surat | ₹76,198 | ₹83,118 |
| Vadodara | ₹76,204 | ₹83,124 |
| Vijayawada | ₹76,145 | ₹83,065 |
| Visakhapatnam | ₹76,147 | ₹83,067 |
This table provides the latest gold prices in different cities across India for both 22 Carat and 24 Carat gold, reflecting the most recent updates.
Gold Rate Trends Over the Last 15 Days
Here’s a brief look at how gold prices have moved in recent days:
| Date | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Jan 30, 2025 | ₹76,133 (+₹870) | ₹83,033 (+₹940) |
| Jan 29, 2025 | ₹75,263 (-₹300) | ₹82,093 (-₹320) |
| Jan 28, 2025 | ₹75,563 (-₹150) | ₹82,413 (-₹170) |
| Jan 27, 2025 | ₹75,713 (-₹10) | ₹82,583 (-₹10) |
| Jan 26, 2025 | ₹75,723 (-₹10) | ₹82,593 (-₹10) |
| Jan 25, 2025 | ₹75,733 (+₹320) | ₹82,603 (+₹350) |
| Jan 24, 2025 | ₹75,413 (-₹20) | ₹82,253 (-₹20) |
Why is Gold a Popular Investment in India?
Gold has always been considered a safe-haven asset in India, offering a hedge against inflation and global economic uncertainty. The metal’s intrinsic value, combined with its historical significance, makes it a preferred choice for Indian investors. In times of geopolitical instability or inflation, people often turn to gold as a stable investment.
Related Searches and FAQs
1. What factors affect the price of gold in India?
Gold prices are impacted by factors such as global economic conditions, currency fluctuations, local demand, taxes, import duties, and geopolitical events.
2. How do I invest in gold in India?
There are various ways to invest in gold, including buying physical gold (bars, coins, jewelry), investing in Gold ETFs (Exchange-Traded Funds), or purchasing government-backed gold bonds.
3. What is the difference between 22K and 24K gold?
- 24K gold is pure gold (99.99% purity) but is too soft for jewelry.
- 22K gold contains 91.6% gold and is alloyed with other metals to improve durability, making it ideal for jewelry.
4. Why does gold rate differ across cities in India?
Gold rates vary by city due to differences in taxes, state duties, and transportation costs. Additionally, local demand and supply conditions also contribute to these price variations.
5. What is Hallmarking in Gold?
Hallmarking is the certification of the purity of gold by the Bureau of Indian Standards (BIS). This ensures the authenticity of the gold you purchase, protecting consumers from adulterated gold.
6. How is gold priced in Indian rupees?
Gold is priced in Indian rupees, which is influenced by global market prices of gold, the rupee’s strength against the US dollar, and local factors like taxes and import duties.
7. How does the US dollar impact gold prices in India?
When the US dollar strengthens, gold prices often rise in India. A weak rupee makes gold imports more expensive, leading to higher domestic gold prices.
8. What is KDM Gold?
KDM gold refers to gold jewelry where 92% of the alloy is gold, and 8% is composed of other metals like copper, zinc, or silver. It is often considered to be of high quality.
Conclusion
Staying updated with today’s gold rate is crucial for making informed investment decisions. The price of gold fluctuates frequently, influenced by several domestic and international factors. Whether you are looking to invest in gold for security or planning to buy jewelry, understanding how prices are set can help you navigate the market efficiently.
By monitoring today’s gold rate, you can ensure you are making a well-timed purchase, whether for investment or personal use.