On January 13, 2025, gold prices in India held steady, in line with current market trends. The price of 24-carat gold, renowned for its purity, continued to attract a strong demand, while 22-carat gold remained popular for its durability and timeless appeal. This made 22-carat gold an appealing choice for those seeking long-term investments.
The price of 10 grams of 24-carat gold was Rs 80,070, while 22-carat gold was priced at Rs 73,400. Silver was trading at Rs 94,500 per kilogram.
In major cities across India, gold prices remained relatively consistent. For instance, in Delhi, the price for 22-carat gold was Rs 73,550 per 10 grams, while 24-carat gold was priced at Rs 80,070. In Mumbai, both 22-carat and 24-carat gold were priced similarly at Rs 73,400 and Rs 80,070, respectively. Ahmedabad saw a slightly higher price for both gold types, with 22-carat gold at Rs 73,450 and 24-carat gold at Rs 80,120. Other cities, including Chennai, Kolkata, and Pune, reported prices for both gold varieties in the range of Rs 73,400 to Rs 73,550 for 22-carat gold and Rs 80,070 to Rs 80,220 for 24-carat gold.
Retail Gold Prices Explained
The retail gold price per gram is the amount that consumers pay for one gram of gold, typically quoted in Indian Rupees. These rates fluctuate on a daily basis due to various factors such as global economic conditions, geopolitical events, and the balance of supply and demand.
Key Factors Affecting Gold Prices in India
Gold prices in India are influenced by a combination of international market trends, import duties, taxes, and fluctuations in exchange rates. These factors play a crucial role in shaping the daily gold prices across the country.
Gold holds deep cultural and financial significance in India, often being a preferred investment choice and a key component in celebrations, particularly during weddings and festivals. Due to the ever-changing nature of the market, it is essential for investors and traders to stay updated on price movements to successfully navigate these dynamic trends.
Related topic:
Best 5 Places To Buy Gold Futures
