Gold prices have increased once again. Today i.e. on Saturday, an increase in the price of gold has been seen. The price of 10 grams 24 carat gold in Mumbai has reached Rs 79,480. At the same time, silver is selling at Rs 93,600 per kg. The continuous increase in gold prices is good news for investors. However, those who want to invest will have to spend a little more.
How will this year be?
Gold prices are definitely increasing, but their pace is not the same as before. Gold was at a very high level for most of the last year. In fact, in 2024, many such incidents took place at the international level, due to which the demand and prices of gold increased. However, experts say that gold will prove to be a profitable investment even in 2025. Its price will increase.
Why the difference in price?
Why are gold prices different in every city, why not the same price in all cities? Actually, the price of gold depends on many things and the most important one is tax. Local taxes are imposed on gold by state governments, which vary from state to state and city, leading to different prices.
How are prices affected?
Gold prices in the country are influenced not only by demand and supply but also by international developments. Gold prices are also largely influenced by trading activities in major global markets, including the London OTC spot market and the COMEX gold futures market.
What is the price of gold today in the metropolis?
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 73,150 | 79,800 |
| Jaipur | 73,150 | 79,800 |
| Lucknow | 73,150 | 79,800 |
| Mumbai | 73,000 | 79,640 |
| Kolkata | 73,000 | 79,640 |
| Ahmedabad | 73,050 | 79,700 |
| Bangalore | 73,000 | 79,640 |
Why does the price of gold increase?
The demand for gold has started increasing due to the wedding season in India. The effect of increasing demand for gold is also visible on the price of gold. The second reason for the increase in gold prices is the strength in the international market and increasing demand from investors in the country. Gold has also become expensive due to the weakness of the rupee. Due to economic uncertainty, people are buying gold considering it as a safe investment. Also, US economic data like unemployment rate and PMI report may impact gold prices in the coming days.
How is the price of gold decided in the country?
Gold prices are influenced by domestic demand, US economic conditions, Federal Reserve interest rates and international markets. In such a situation, there is a possibility of the price of gold increasing in the near future.
