Today’s Gold Rate in India – Updated on 14th January 2025

Today’s Gold Rate in India – Updated on 14th January 2025

 

Gold prices in India continue to fluctuate based on a variety of domestic and global factors. As of today, January 14, 2025, the price of gold has seen some notable changes. Here’s an updated look at today’s gold rate across major cities in India:

Gold Rate in India (14th January 2025):

• 24 Carat Gold: ₹80,253 (+₹440.00 per 10 grams)
• 22 Carat Gold: ₹73,583 (+₹420.00 per 10 grams)

Gold is a popular asset and a safe haven investment in India, which ranks as the second-largest consumer of gold in the world, only behind China. The country imports a significant amount of gold to meet its jewelry industry demand, and this imported gold is subject to international price fluctuations, import duties, taxes, and the value of the Indian Rupee against the US Dollar.

Gold Prices in Major Indian Cities (14th January 2025):

24 Carat Gold Price (Per 10 Grams):

• Bangalore: ₹80,095 (+₹450.00)
• Chennai: ₹80,101 (+₹450.00)
• Delhi: ₹80,253 (+₹440.00)
• Kolkata: ₹80,105 (+₹450.00)
• Mumbai: ₹80,107 (+₹450.00)
• Pune: ₹80,113 (+₹450.00)

22 Carat Gold Price (Per 10 Grams):

• Bangalore: ₹73,425 (+₹420.00)
• Chennai: ₹73,431 (+₹420.00)
• Delhi: ₹73,583 (+₹420.00)
• Kolkata: ₹73,435 (+₹420.00)
• Mumbai: ₹73,437 (+₹420.00)
• Pune: ₹73,443 (+₹420.00)

Gold Rate Trends – Last 15 Days:

Over the past two weeks, gold rates in India have shown steady movement. Here are the key highlights:

• Jan 13, 2025: 22 Carat – ₹73,163, 24 Carat – ₹79,813
• Jan 12, 2025: 22 Carat – ₹73,173, 24 Carat – ₹79,823
• Jan 11, 2025: 22 Carat – ₹73,033, 24 Carat – ₹79,653

Gold prices can be volatile, as they are affected by a variety of factors, including currency exchange rates, global economic conditions, geopolitical events, and changes in demand from the jewelry industry.

What Affects Today’s Gold Rate?

Gold prices in India depend on several factors, which are both local and international in nature:

• Global Economic Conditions: Changes in global economic growth, trade tensions, and geopolitical instability can lead to fluctuations in the price of gold.
• Currency Fluctuations: If the Indian Rupee weakens against the US Dollar, gold prices in India tend to increase, as gold is traded in US Dollars globally.
• Import Duties and Taxes: The Indian government imposes a 10% import duty on gold, which adds to the price of gold in India. Changes in these duties can affect prices significantly.
• Demand and Supply: As the largest importer of gold, India’s demand for gold is a key factor influencing local prices. The jewelry market and other forms of gold investment play a major role in driving demand.
• Inflation: Gold is often seen as a hedge against inflation. During times of rising inflation, the demand for gold tends to increase, thus driving prices higher.

Types of Gold in India:

There are two primary types of gold available for trade in India: 24 Carat and 22 Carat.

• 24 Carat Gold: This is considered pure gold, with 99.99% purity. However, it is generally too soft for use in jewelry.
• 22 Carat Gold: This contains 91.6% gold, with the remaining 8.4% made up of other metals like copper or zinc. It is more commonly used in jewelry due to its strength.

Why Invest in Gold?

Gold is considered a safe investment and a hedge against inflation. When other investment options such as stocks or bonds face market volatility, gold tends to maintain or increase in value. In addition to being a valuable asset, gold also serves as a reliable form of wealth preservation, especially during uncertain economic times.

Investment Options in Gold:

• Physical Gold: This includes gold bars, coins, and jewelry.
• Gold ETFs (Exchange Traded Funds): Paper gold, which tracks the price of gold without the need for physical storage.
• Sovereign Gold Bonds: Issued by the Government of India, these bonds offer a fixed interest rate in addition to price appreciation.

What is Gold Hallmarking?

In India, gold is hallmarked by the Bureau of Indian Standards (BIS) to certify its purity. This hallmarking protects consumers by ensuring that the gold they purchase meets the declared purity standards. Hallmarked gold is more trustworthy and helps avoid adulteration or dilution of the metal.

 

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FAQs About Today’s Gold Rate:

1. Why should you invest in gold? Gold provides a hedge against inflation and market volatility, making it a safe investment choice during uncertain times.
2. How are gold prices determined in India? The price of gold in India is influenced by international gold prices, currency fluctuations, demand from the jewelry industry, import duties, and taxes.
3. What is the difference between 22K and 24K gold? 24K gold is pure gold, while 22K gold is made of 91.6% gold and 8.4% alloy metals like copper, making it more durable for jewelry.
4. What does KDM gold mean? KDM gold refers to gold jewelry made using cadmium, which is used to solder the gold components together. However, due to health concerns, KDM gold is less commonly used today.
5. Does India import gold? Yes, India is the largest importer of gold, which is primarily used for the jewelry sector.
6. What is hallmarking of gold? Hallmarking is the process of certifying the purity of gold. It ensures that the gold meets the specified purity standards.

 

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By keeping an eye on today’s gold rates, you can make informed decisions regarding gold investment and purchases. Gold is not only a valuable asset but also a protective tool during economic uncertainty. Check back regularly to stay updated with the latest price changes and trends.

 

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