Today, Wednesday, December 25, 2024, the price of 24 carat gold is Rs 77,300 per 10 grams, while the price of 22 carat gold is around Rs 70,000. Since the bullion market remains closed on Christmas day, gold and silver prices are trading at the same level as yesterday. This is a relief news for those who have a wedding at home, as gold is currently well below its previous high of Rs 82,000 per 10 grams.
silver rate on christmas
Today the price of one kilogram of silver in the country is Rs 91,300.
Will gold reach its old peak in 2025?
Gold prices usually increase during the wedding season. However, this time there has been a decline.
- Finance Minister Nirmala Sitharaman had reduced the duty on gold in the last budget, which brought down its price by about Rs 6,000.
- At present, gold has come down from its peak and is trading within a fixed range.
expert opinion
- Experts believe that by 2025, gold prices may reach Rs 90,000 per 10 grams.
- This will be more than the peak of Rs 82,000 in 2024.
- At present gold is in a low range, making it a good opportunity for investment.
25 December 2024: Gold rates in cities
| city name | 22 carat gold rate (₹) | 24 carat gold rate (₹) |
|---|---|---|
| Delhi | 71,050 | 77,500 |
| Noida | 71,050 | 77,500 |
| Ghaziabad | 71,050 | 77,500 |
| Jaipur | 71,050 | 77,500 |
| Gurgaon | 71,050 | 77,500 |
| Lucknow | 71,050 | 77,500 |
| Mumbai | 70,900 | 77,350 |
| Kolkata | 70,900 | 77,350 |
| Patna | 70,950 | 77,400 |
| Ahmedabad | 70,950 | 77,400 |
| Bhubaneswar | 70,900 | 77,350 |
| Bengaluru | 70,900 | 77,350 |
How is the price of gold determined?
The price of gold depends on many factors:
- Local Demand: Prices increase due to increase in demand during weddings and festivals in India.
- US economic situation: The strength or weakness of the dollar has a big impact on gold.
- Federal Reserve Interest Rates: Changes in interest rates cause fluctuations in gold prices.
- International Market: Global supply and demand also play an important role in determining the price of gold.
Should you invest in gold now?
At present, gold prices are below their highest levels, making this a good investment opportunity. Experts believe that gold may once again reach its highest level in 2025. If you are planning to invest in the long-term, this could be an ideal time to buy gold.
