Today, on 13 February 2025, on Thursday, gold prices have been recorded in the Delhi Bullion Market. Gold has become cheaper for the third consecutive day. 22 carat gold has now reached around Rs 79,300 per 10 grams, while the price of 24 carat gold has also fallen by Rs 750 per 10 grams.

Let’s know due to the fall in today’s gold and silver prices and prices.

Why did the price of gold decline?

Recently, the fall in gold prices is the main reason behind weakness and interest rates in the international market.

New figures of the Consumer Price Index (CPI) in the US will be released soon, which will decide whether the interest rates will be reduced there or not.
If the interest rates remain high, investors will invest in other assets instead of gold, which will reduce the demand for gold and fall in prices.
The strength of the dollar has also affected. When the dollar is strong, the price of gold starts falling as gold is expensive and reduces the interest of investors.
There is a demand for gold due to marriage and festivals in the Indian market, but due to global pressure, prices are seen falling.

24K and 22k gold in Delhi and Mumbai

Gold is the most expensive in Delhi, while the prices in Mumbai, Chennai and Kolkata are almost the same.

Silver rate on 13 February 2025

The price of silver remains stable and remains at Rs 99,400 per kg. Today there was no change in it.

How is the price of gold fixed in India?

Gold prices in India are affected by many factors, including:

Gold prices in the international market – The change in gold prices globally affects the Indian market.
Government’s tax and import duty – Gold is imported in India, so the policies and duty of the government affect its price.
Price of rupee – If the Indian rupee is weak against the dollar, then the price of gold increases.
Demand and Supply-Price rises due to increase in demand for gold and festivals.