Today’s Gold Rate in India – February 2, 2025
Gold has always been an essential part of Indian culture, playing a significant role in weddings, festivals, and as a valuable investment option. As the world’s second-largest consumer of gold, after China, India’s demand for this precious metal remains high. But, how is the price of gold determined, and why do rates fluctuate from day to day?
Current Gold Rates in India
As of February 2, 2025, here are the latest gold prices for 24 carat and 22 carat gold in India:
- 24 Carat Gold Rate: ₹84,663 per 10 grams (↑ ₹150)
- 22 Carat Gold Rate: ₹77,623 per 10 grams (↑ ₹140)
Gold prices can vary daily based on various factors like international market trends, import duties, and the performance of the Indian Rupee against the US Dollar. Understanding these fluctuations is crucial for investors and buyers alike, especially in a market as dynamic as gold.
Gold Price in Major Indian Cities – February 2, 2025
Gold prices in India differ from city to city due to factors such as local demand, taxes, and transportation costs. Here’s a look at the current prices for 24 carat and 22 carat gold in some of the biggest cities across India:
- 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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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.
Understanding Gold Purity – 22K vs 24K
When it comes to gold, purity is a key factor that impacts its price. Here’s a breakdown of the two most popular types of gold:
- 24 Carat Gold: This is the purest form of gold, with 99.99% purity. It is too soft to be used in making jewellery without mixing it with other metals. Due to its high purity, 24K gold is often preferred for investment purposes and is sold at a premium price.
- 22 Carat Gold: With 91.67% purity, 22K gold is mixed with other metals like copper or silver to improve its strength, making it ideal for crafting jewellery. It is more commonly bought and sold in India for weddings and festivals.
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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.
Factors Influencing Gold Prices in India
Several factors affect gold prices in India:
- Global Market Trends: International gold prices, particularly in the US dollar, play a significant role. A stronger dollar often causes gold prices to rise in other currencies.
- Inflation & Currency Rates: Gold is often seen as a hedge against inflation. When inflation is high, people invest in gold to protect their wealth, which can drive up prices.
- Government Policies: The Indian government’s import duties on gold directly impact the cost. For instance, India currently has an import duty of 10% on gold, which can increase the price of gold domestically.
- Local Demand: Regional festivals, wedding seasons, and market sentiment in various Indian cities influence the demand and pricing of gold.
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Why Invest in Gold?
Gold has long been regarded as a safe investment option, especially in uncertain times. Here are some reasons why it is considered a smart choice:
- Inflation Hedge: Gold retains its value better than most currencies during inflationary periods.
- Safe Investment: When the stock market is volatile, gold remains relatively stable.
- Tangible Asset: Unlike digital or paper investments, gold is a physical asset that can be stored securely.
Investing in gold can be done in various ways, such as through gold coins, bars, jewellery, or gold exchange-traded funds (ETFs). Sovereign gold bonds are also a good option for those looking for paper gold without the need to store physical metal.
FAQs About Today’s Gold Rate
- Why does gold price change daily?
Gold prices fluctuate daily based on global market conditions, the performance of the Indian Rupee against the dollar, and local demand. - What is the best time to buy gold?
The best time to buy gold depends on market trends, but many prefer to buy during the off-season or when prices dip. - How is the gold rate calculated?
The gold rate is calculated based on the international gold price (in USD), converted to INR, and adjusted for import duties, taxes, and other local factors. - What is hallmarking?
Hallmarking is the certification of the purity of gold, ensuring that the metal you purchase is genuine. It is an assurance of quality.
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Conclusion
Gold remains a valuable asset for investors and buyers alike in India. With prices fluctuating daily, staying updated on the latest gold rates can help you make informed decisions. Whether you’re buying gold for jewellery or investment purposes, understanding purity, market conditions, and regional price differences is crucial.
For today’s gold rate in India and more, visit our website regularly to stay informed on the latest updates and trends!