Gold prices still remain at a high level, but it has not been able to cross the level of Rs 85,000 per 10 grams. In the last one week, the price of 24 carat gold has increased by Rs 2,070, while the price of 22 carat gold has increased by Rs 1,900.
On the day of the Union Budget on 1 February 2025, gold remained stable at a record level of Rs 84,900 per 10 grams in the bullion market in Delhi. However, no special announcement was made in the budget about gold, which caused the investors a little disappointed.
Gold prices condition after budget
On 2 February 2025, the price of 24 carat gold in Delhi is Rs 84,640 per 10 grams. Let us know what the price of gold is going on in other major cities of the country.
Gold prices in major cities of the country (2 February 2025)
| City | 22 carat (10 grams) | 24 carat (10 grams) |
|---|---|---|
| Delhi | ₹ 77,600 | ₹ 84,640 |
| Chennai | ₹ 77,450 | ₹ 84,490 |
| Mumbai | ₹ 77,450 | ₹ 84,490 |
| Kolkata | ₹ 77,450 | ₹ 84,490 |
| Hyderabad | ₹ 77,450 | ₹ 84,490 |
| Ahmedabad | ₹ 77,500 | ₹ 84,540 |
| Bhopal | ₹ 77,500 | ₹ 84,540 |
| Jaipur | ₹ 77,600 | ₹ 84,640 |
| Chandigarh | ₹ 77,600 | ₹ 84,640 |
| Lucknow | ₹ 77,600 | ₹ 84,640 |
Note: Prices may be slightly different in the bullion market of different cities.
Silver price boom
Like gold, silver prices have also seen a rise. Silver prices have increased by Rs 2,000 in the last one week.
Silver price (2 February 2025)
- Silver reached Rs 99,500 per kg in Delhi.
- On 1 February, the price of silver was Rs 95,700 per kg.
- On 31 January, silver closed at Rs 95,000 per kg.
Overall, silver has gained Rs 4,500 in just 2 days!
Will gold be cheaper this year?
According to the Economic Survey presented on 31 January 2025, gold prices may fall in 2025, while silver prices are likely to rise.
According to World Bank report:
- In 2025, the prices of commodities may fall by 5.1%.
- This decline in 2026 may be limited to 1.7%.
- There is a possibility of rise in prices due to increase in silver demand.
If you are planning to buy gold, this may be the right time, as prices are expected to fall soon.
The right time to invest in gold? Know the opinion of experts
Why invest?
- Gold has always been a safe option for long term investment.
- Gold prices may remain stable due to global uncertainty.
- If silver is getting expensive, this may be the right opportunity to buy gold.
Would it be right to buy now?
- If you want profits soon, it can be better to stop now.
- Experts believe that gold prices may decrease in 2025.
conclusion:
If you want to make long-term investment, you can buy now. But those who make profits in short-term should wait a little.
