Gold Rates Today in India – February 2, 2025
Gold has been an essential part of Indian culture for centuries, often viewed as a symbol of wealth, prosperity, and security. As the second-largest consumer of gold globally, after China, India sees daily fluctuations in gold prices, driven by a mix of domestic demand and international market trends. Whether you’re buying gold for investment or making jewelry purchases, understanding the gold rate today is crucial.
Today’s Gold Price in India – February 2, 2025
As of today, the prices for 24 carat and 22 carat gold are as follows:
- 24 Carat Gold Rate: ₹84,663 per 10 grams (+₹150)
- 22 Carat Gold Rate: ₹77,623 per 10 grams (+₹140)
Gold prices are impacted by several factors, such as international market movements, the strength of the Indian Rupee (INR) against the US Dollar, and domestic taxes and import duties. Additionally, geopolitical factors, such as inflation, also play a role in price fluctuations.
Gold Price in Major Indian Cities – February 2, 2025
Gold prices vary across Indian cities due to differences in demand, transportation costs, and taxes. Below are the updated gold prices in key metros:
- Bangalore:
- 24 Carat: ₹84,505
- 22 Carat: ₹77,465
- Chennai:
- 24 Carat: ₹84,511
- 22 Carat: ₹77,471
- Delhi:
- 24 Carat: ₹84,663
- 22 Carat: ₹77,623
- Mumbai:
- 24 Carat: ₹84,517
- 22 Carat: ₹77,477
- Pune:
- 24 Carat: ₹84,523
- 22 Carat: ₹77,483
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Understanding Gold Purity – 22K vs 24K
Gold Purity plays a key role in determining the price of gold. Here’s what you need to know about the two most common gold types:
- 24 Carat Gold: With a purity of 99.99%, 24K gold is the purest form of gold available. However, its softness makes it unsuitable for jewelry, unless alloyed with other metals. It’s usually bought for investment purposes.
- 22 Carat Gold: Comprising 91.67% pure gold and 8.33% of other metals like copper or zinc, 22K gold is stronger and widely used for making jewelry.
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Factors Influencing Gold Prices in India
The price of gold in India is influenced by a wide range of factors:
- International Market Trends: Gold is priced globally in US Dollars. As the value of the dollar fluctuates, so do gold prices.
- Currency Fluctuations: If the Indian Rupee weakens against the US Dollar, gold prices tend to rise in India.
- Import Duties: Currently, India imposes a 10% import duty on gold, which affects local gold prices.
- Demand: During festive seasons or wedding periods, demand increases, pushing gold prices higher.
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Investment in Gold
Gold is often considered a safe investment and a hedge against inflation. Here are the common forms of investing in gold:
- Physical Gold: This includes buying gold bars, coins, or jewelry.
- Gold ETFs and Bonds: These allow investors to purchase gold digitally, avoiding the need for physical storage.
- Sovereign Gold Bonds: A government-backed way to invest in gold, offering interest alongside the appreciation of gold’s value.
Gold’s role as an investment is highly regarded, especially during times of economic uncertainty.
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Frequently Asked Questions (FAQs) About Gold
- Why Should You Invest in Gold? Gold is a reliable asset, especially in times of economic downturns. It has historically protected wealth from inflation and currency devaluation.
- What is the Difference Between 22K and 24K Gold? 22K gold has a purity of 91.67%, while 24K gold is 99.99% pure. 22K is generally more durable and suitable for jewelry, while 24K is used for investment.
- How Are Gold Rates Determined in India? Gold rates are determined by international prices, currency exchange rates, import duties, and domestic demand.
- What is Hallmarking of Gold? Hallmarking is the certification that guarantees the purity of gold. In India, it is mandated by the Bureau of Indian Standards (BIS) to protect buyers from adulterated gold.
- What Does KDM Gold Mean? KDM gold refers to gold that is soldered using a high percentage of cadmium. It is typically used in jewelry crafting, but due to cadmium’s toxicity, it is not recommended for health-conscious buyers.
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Here is the gold rate information in a table format in English:
| City Name | 22 Carat Price (per 10g) | 24 Carat Price (per 10g) |
|---|---|---|
| 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 |
This table provides the 22 carat and 24 carat gold rates in various cities across India, helping you compare prices.
Here is the table format for the Gold Rates for the Last 15 Days in English:
| Date | 22 Carat Price (per 10g) | Change in 22 Carat Price | 24 Carat Price (per 10g) | Change in 24 Carat Price |
|---|---|---|---|---|
| Feb 01, 2025 | ₹77,483 | +₹1,200.00 | ₹84,513 | +₹1,310.00 |
| Jan 31, 2025 | ₹76,283 | +₹150.00 | ₹83,203 | +₹170.00 |
| Jan 30, 2025 | ₹76,133 | +₹870.00 | ₹83,033 | +₹940.00 |
| Jan 29, 2025 | ₹75,263 | -₹300.00 | ₹82,093 | -₹320.00 |
| 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 |
This table shows the gold prices for 22 carat and 24 carat gold over the last 15 days along with the price changes for each day.
Conclusion
Staying updated on the gold rate today is important for both investors and consumers. Prices fluctuate due to global economic conditions, currency changes, and local demand. By understanding the factors that influence gold prices and the differences between 22K and 24K gold, you can make better-informed decisions whether you’re purchasing gold for personal use or investment.
For more updates on gold prices, investment tips, and the latest market trends, visit our website regularly.