Today, on Wednesday, 29 January 2025, the price of gold declined for the third consecutive day. In the upcoming budget, gold prices have decreased amid speculation of increasing import duty by the government. Last year, the government had reduced import duty, but now the possibility of increasing it is being expressed. In addition, the decrease in demand for gold in the domestic market is also the main reason for this decline.
Gold prices fall
- 24 carat gold: Today 24 carat gold price 81,900 rupees per 10 grams Done, which has come down to Rs 82,000.
- 22 carat gold: 22 carat gold 75,100 rupees per 10 grams But is doing business.
Last week, gold had reached close to its record level, but now it is getting correction.
Gold price in Delhi and Mumbai
Gold prices in major cities of the country are as follows:
| City name | 22 carat gold (₹/10 grams) | 24 carat gold (₹/10 grams) |
|---|---|---|
| Delhi | 75,240 | 82,070 |
| Chennai | 75,090 | 81,920 |
| Mumbai | 75,090 | 81,920 |
| Kolkata | 75,090 | 81,920 |
The price of 24 carat gold declined by Rs 350 in Delhi 82,070 rupees per 10 grams Has occurred. 24 carat gold prices in Mumbai, Chennai and Kolkata 81,920 rupees And 22 carat prices 75,090 rupees per 10 grams Is on
Silver prices also fall
Along with gold, silver prices have also come down.
- Today Silver falls by Rs 100 With 96,300 per kg Has reached on
- This has decreased in the price of silver due to weak domestic demand.
This is a decline in silver prices for the third consecutive day.
How is the price of gold fixed?
The price of gold in India depends on many major factors:
- International market: Global gold prices have a direct impact on the Indian market.
- Import duty: Gold is imported in India, and changes in import duty affect the price.
- demand and supply: Gold demand increases during marriage and festivals, causing prices to rise.
- Rupee status: Rupee or weakness has an impact on gold prices against the dollar.
