Today’s Gold Rate in India (16th January 2025): Comprehensive Guide
Gold prices in India are highly volatile and are influenced by multiple factors, including international market conditions, currency fluctuations, and domestic economic policies. As of today, January 16, 2025, here’s a quick look at the current rates:
Gold Prices Today in India (Updated 16th January 2025)
- 24 Carat Gold Rate (Per 10 grams): ₹80,253 (+₹130)
- 22 Carat Gold Rate (Per 10 grams): ₹73,583 (+₹120)
India remains the second-largest consumer of gold globally, after China. Gold plays a crucial role in the country’s cultural traditions, as well as in its investment strategies. Most of India’s gold demand is met through imports and recycling of domestic bullion. While international prices are primarily denominated in dollars, local factors such as import duties, taxes, and the value of the Indian Rupee significantly affect domestic gold rates.
Gold Rates in Major Indian Cities – 16th January 2025
Gold prices fluctuate across different regions of India due to demand, local taxes, and state regulations. Here’s a quick look at the current gold rates in some major metro cities:
24 Carat Gold (Per 10 grams)
- Bangalore: ₹80,095 (+₹130)
- Chennai: ₹80,101 (+₹130)
- Delhi: ₹80,253 (+₹130)
- Kolkata: ₹80,105 (+₹130)
- Mumbai: ₹80,107 (+₹130)
- Pune: ₹80,113 (+₹130)
22 Carat Gold (Per 10 grams)
- Bangalore: ₹73,425 (+₹120)
- Chennai: ₹73,431 (+₹120)
- Delhi: ₹73,583 (+₹120)
- Kolkata: ₹73,435 (+₹120)
- Mumbai: ₹73,437 (+₹120)
- Pune: ₹73,443 (+₹120)
Gold Rates in Different Cities Across India (16th January 2025)
| City | 22 Carat Price (₹/10g) | 24 Carat Price (₹/10g) |
|---|---|---|
| Ahmedabad | ₹73,491 | ₹80,161 |
| Amritsar | ₹73,610 | ₹80,280 |
| Bhopal | ₹73,494 | ₹80,164 |
| Chandigarh | ₹73,592 | ₹80,262 |
| Hyderabad | ₹73,439 | ₹80,109 |
| Jaipur | ₹73,576 | ₹80,246 |
| Kerala | ₹73,455 | ₹80,125 |
| Kochi | ₹73,456 | ₹80,126 |
| Lucknow | ₹73,599 | ₹80,269 |
| Surat | ₹73,498 | ₹80,168 |
| Vadodara | ₹73,504 | ₹80,174 |
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Gold Price Trends for the Last 15 Days
Gold prices have shown fluctuation over the past 15 days, driven by changes in the global economy, currency exchange rates, and domestic factors. Here’s a look at the recent gold price trends:
| Date | 22 Carat Price | 24 Carat Price |
|---|---|---|
| 15 Jan 2025 | ₹73,463 (-₹120) | ₹80,123 (-₹130) |
| 14 Jan 2025 | ₹73,583 (+₹420) | ₹80,253 (+₹440) |
| 13 Jan 2025 | ₹73,163 (-₹10) | ₹79,813 (-₹10) |
| 12 Jan 2025 | ₹73,173 (+₹140) | ₹79,823 (+₹170) |
| 11 Jan 2025 | ₹73,033 (+₹250) | ₹79,653 (+₹270) |
| 10 Jan 2025 | ₹72,783 (+₹350) | ₹79,383 (+₹380) |
| 9 Jan 2025 | ₹72,433 (+₹120) | ₹79,003 (+₹130) |
| 8 Jan 2025 | ₹72,313 (0.00) | ₹78,873 (0.00) |
| 7 Jan 2025 | ₹72,313 (0.00) | ₹78,873 (0.00) |
| 6 Jan 2025 | ₹72,313 (-₹10) | ₹78,873 (-₹10) |
| 5 Jan 2025 | ₹72,323 (-₹460) | ₹78,883 (-₹500) |
| 4 Jan 2025 | ₹72,783 (+₹800) | ₹79,383 (+₹870) |
| 3 Jan 2025 | ₹71,983 (+₹300) | ₹78,513 (+₹330) |
| 2 Jan 2025 | ₹71,683 (+₹420) | ₹78,183 (+₹460) |
Understanding Gold and Its Investment Value in India
Gold is an essential part of Indian culture and economy. It is seen not only as a symbol of wealth and prosperity but also as a reliable investment option. Investing in gold has traditionally been viewed as a safe hedge against inflation and currency fluctuations. In times of economic uncertainty, many investors turn to gold as a store of value.
Types of Gold in India
- 24K Gold: Pure gold, with a purity of 99.99%. It is soft and primarily used for investment in the form of coins and bars.
- 22K Gold: Contains 22 parts of gold and 2 parts of other metals (like copper and zinc), which make it suitable for crafting jewelry.
Gold Imports and Domestic Factors
India is the largest importer of gold, primarily to meet the demand from the jewelry industry. The country imports around 800-900 tonnes of gold annually. The price of gold is influenced by global developments, changes in currency exchange rates (especially the US dollar), and domestic policies like import duties and taxes.
Currently, the import duty on gold in India stands at 10%. The government adjusts this duty to regulate the import of gold, especially to balance the country’s trade deficit.
Investment Options in Gold
Gold can be purchased in various forms:
- Physical Gold: Jewelry, coins, and bars.
- Gold ETFs (Exchange-Traded Funds): A paper-based investment that tracks the price of gold.
- Sovereign Gold Bonds: A government-backed investment tool that offers interest on the invested amount.
Why is Hallmarking Important?
Gold in India is certified by the Bureau of Indian Standards (BIS) through a process known as hallmarking. Hallmarking guarantees the purity of the gold and protects buyers from adulterated gold. This process helps establish trust in the purity and quality of gold.
Conclusion: Why Track Today’s Gold Rate?
Knowing today’s gold rate is essential for both investors and buyers. Whether you’re looking to purchase gold jewelry, invest in gold bars or coins, or track the market trends, staying updated with daily prices helps you make informed decisions.
By monitoring the price fluctuations, you can time your purchases to maximize returns and minimize costs. Additionally, gold investment continues to be a preferred choice for many in India due to its ability to retain value, even during economic downturns.
FAQs About Gold and Its Rates
- Why should you invest in gold?
Gold is a stable investment and acts as a hedge against inflation and currency fluctuations. - What are the different forms of investing in gold?
Physical gold, gold ETFs, and sovereign gold bonds are popular forms of gold investment. - How are gold prices determined in India?
Gold prices in India depend on global gold rates, currency fluctuations, and domestic policies like taxes and import duties. - What is the difference between 22K and 24K gold?
24K gold is pure gold, while 22K gold is an alloy made with 22 parts gold and other metals, typically used for jewelry. - What is hallmarking?
Hallmarking is the certification of the purity of gold by the Bureau of Indian Standards, ensuring the authenticity and quality of the metal.
By regularly checking today’s gold rate, you can stay ahead in the market, whether you’re investing, selling, or purchasing gold.