Today’s Gold Rate in India – Updated on 4th February 2025
Gold Prices for 10 Grams:
- 24 Carat Gold: ₹84,213
- 22 Carat Gold: ₹77,213
India, the world’s second-largest consumer of gold, witnesses daily fluctuations in gold prices due to a variety of factors. These include global market trends, the value of the Indian Rupee against the US Dollar, import duties, and local taxes. Gold is a highly coveted commodity in India, especially during festive seasons, and serves as a hedge against inflation, making it an essential part of the investment portfolio for many Indians.
Gold Price in Major Indian Cities (Per 10 Grams)
24 Carat Gold:
- Bangalore: ₹84,055
- Chennai: ₹84,061
- Delhi: ₹84,213
- Kolkata: ₹84,065
- Mumbai: ₹84,067
- Pune: ₹84,073
22 Carat Gold:
- Bangalore: ₹77,055
- Chennai: ₹77,061
- Delhi: ₹77,213
- Kolkata: ₹77,065
- Mumbai: ₹77,067
- Pune: ₹77,073
Gold Price Trends Over the Last 15 Days
The prices of gold have experienced minor fluctuations in the past few weeks, as global economic factors and domestic conditions continue to affect them:
- Feb 3, 2025: 22K ₹77,613 | 24K ₹84,653
- Feb 2, 2025: 22K ₹77,623 | 24K ₹84,663
- Jan 31, 2025: 22K ₹76,283 | 24K ₹83,203
Here’s the gold price data for the last 15 days in a table format:
| Date | 22 Carat Price (₹) | Change (₹) | 24 Carat Price (₹) | Change (₹) |
|---|---|---|---|---|
| Feb 03, 2025 | 77,613 | -10.00 | 84,653 | -10.00 |
| Feb 02, 2025 | 77,623 | +140.00 | 84,663 | +150.00 |
| 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 |
Factors Affecting Gold Prices in India
Gold prices in India are impacted by various global and local factors, including:
- Global Gold Prices: Gold is traded internationally in US dollars. A strong dollar generally makes gold more expensive in other currencies, including the Indian Rupee.
- Import Duties and Taxes: India imposes a 10% import duty on gold, which impacts the final price. The government periodically adjusts import duties depending on economic conditions.
- Exchange Rate: A weakening of the Indian Rupee against the US Dollar tends to push gold prices higher.
- Inflation and Interest Rates: When inflation rises, the demand for gold as a store of value increases, driving prices up. Low interest rates also encourage investment in gold.
Types of Gold Available in India
In India, gold is commonly traded in two forms:
- 24 Carat Gold: This is pure gold (99.99% purity). Due to its softness, it is typically used for investment purposes, such as gold bars and coins, rather than jewelry.
- 22 Carat Gold: This gold is mixed with other metals like copper and zinc, making it slightly less pure (91.67%). It is commonly used for crafting jewelry due to its durability.
Here’s the gold rate data in a table format for easier reference:
| City Name | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Ahmedabad | 77,121 | 84,121 |
| Amritsar | 77,240 | 84,240 |
| Bangalore | 77,055 | 84,055 |
| Bhopal | 77,124 | 84,124 |
| Bhubaneswar | 77,060 | 84,060 |
| Chandigarh | 77,222 | 84,222 |
| Chennai | 77,061 | 84,061 |
| Coimbatore | 77,080 | 84,080 |
| Delhi | 77,213 | 84,213 |
| Faridabad | 77,245 | 84,245 |
| Gurgaon | 77,238 | 84,238 |
| Hyderabad | 77,069 | 84,069 |
| Jaipur | 77,206 | 84,206 |
| Kanpur | 77,233 | 84,233 |
| Kerala | 77,085 | 84,085 |
| Kochi | 77,086 | 84,086 |
| Kolkata | 77,065 | 84,065 |
| Lucknow | 77,229 | 84,229 |
| Madurai | 77,057 | 84,057 |
| Mangalore | 77,068 | 84,068 |
| Meerut | 77,239 | 84,239 |
| Mumbai | 77,067 | 84,067 |
| Mysore | 77,054 | 84,054 |
| Nagpur | 77,081 | 84,081 |
| Nashik | 77,117 | 84,117 |
| Patna | 77,109 | 84,109 |
| Pune | 77,073 | 84,073 |
| Surat | 77,128 | 84,128 |
| Vadodara | 77,134 | 84,134 |
| Vijayawada | 77,075 | 84,075 |
| Visakhapatnam | 77,077 | 84,077 |
Investment Options in Gold
Gold can be a profitable investment in various forms:
- Physical Gold: Bars, coins, and jewelry are the most traditional forms of gold investment.
- Sovereign Gold Bonds (SGBs): Issued by the Government of India, these bonds offer interest and can be a more secure form of investment than physical gold.
- Exchange-Traded Funds (ETFs): Gold ETFs are a great option for investors who want exposure to gold without dealing with physical storage.
Importance of Hallmarking
Gold in India is marked with a Bureau of Indian Standards (BIS) hallmark, which certifies its purity. This ensures that buyers are purchasing gold that meets prescribed standards and is free from adulteration.
Why Invest in Gold?
Gold has always been considered a safe haven asset, particularly during times of economic uncertainty. Whether as a physical asset or through financial products like gold bonds or ETFs, it provides diversification to an investment portfolio and helps mitigate the risks associated with other asset classes.
Gold has always been considered a safe investment. Here are a few reasons why people invest in gold:
- Hedge Against Inflation: Gold is seen as a shield against inflation. As prices rise and the value of the currency fluctuates, gold tends to retain its value.
- Cultural Significance: In India, gold plays a key role in social events like weddings and festivals, making it not just an investment but a part of tradition.
- Portfolio Diversification: Many investors include gold in their portfolios to diversify their investments, reducing risk.
By monitoring the today’s gold rate and understanding the factors that influence its price, investors can make informed decisions about when and how to purchase gold for investment.
Forms of Gold Investment
There are several ways to invest in gold in India:
- Physical Gold: This includes buying gold jewellery, coins, and bars.
- Gold ETFs: Exchange-traded funds that track the price of gold.
- Sovereign Gold Bonds: Issued by the Indian government, these bonds offer an alternative to physical gold.
Understanding Hallmarked Gold
In India, hallmarking is a certification of the purity of gold. It guarantees that the gold you buy is of the specified purity. Hallmarking protects buyers from purchasing adulterated or impure gold. It is issued by the Bureau of Indian Standards (BIS).
FAQs About Gold
- Why should I invest in gold?
- Gold acts as a hedge against inflation, provides financial security, and has cultural significance in India.
- What’s the difference between 22K and 24K gold?
- 24K gold is pure gold (99.99% purity), while 22K gold contains 91.6% pure gold mixed with other metals for durability.
- How are gold rates determined in India?
- Gold rates depend on international market prices, currency exchange rates, local demand, taxes, and import duties.
- What is hallmarking?
- Hallmarking certifies the purity of gold and ensures its authenticity.
- What does KDM gold mean?
- KDM gold refers to a particular method of alloying gold with cadmium. It is often used in jewellery making, although its usage has been limited due to health concerns related to cadmium.
Related Search:
- Gold Price Today
- 22 Carat Gold Price
- 24 Carat Gold Price
- Gold Rates in India Today
- Gold Price Forecast
- How to Invest in Gold in India
- Gold Rate in Major Cities
- Latest Gold Prices in India