Gold prices broke all records on 1 February. Finance Minister Nirmala Sitharaman is going to present the budget soon. The price of 24 carat 10 grams of gold has crossed Rs 84,000 before the budget. This is the highest level of gold so far. It is expected that the government can increase import duty on gold in the budget. If this happens, the price of gold will increase further. In the last budget, the government had reduced the import duty from 15 percent to 6 percent.
What is the price of gold today?
Today i.e. on 1 February 2025 on the day of the budget, the price of gold has crossed Rs 84,000. Gold has become expensive by Rs 1,300 today as compared to yesterday. People are investing in gold for safe investment due to increase in gold prices and changes in global market and change in American policies. Gold prices are increasing due to this increasing demand. Experts believe that if the interest rates continue to fall and there is uncertainty in the international market, then the prices of gold and silver may rise further.
What is the price of silver today?
Silver prices increased on Saturday, 1 February. The price of silver has increased by Rs 1,000 a day before the budget. The price of silver has fallen to Rs 99,600 per kg. Silver is just a few steps away from its record level 1 lakh paise.
Gold prices in these cities today
| City name | 22 carat gold | 24 carat gold |
| Delhi | 77,460 | 84,490 |
| Chennai | 77,310 | 84,340 |
| Mumbai | 77,310 | 84,340 |
| Kolkata | 77,310 | 84,340 |
| Ahmedabad | 77,500 | 84,540 |
How is the price of gold determined?
Gold prices in India vary due to various factors, such as international market prices, import duty imposed by the government, tax and fluctuations in the price of rupee. Gold is not only an investment means but also an important part of Indian culture. During weddings and festivals, its prices also increase with increase in demand. People consider it a safe investment, so the change in its price also affects the pockets of common people.
