Gold Rate Today: Gold has crossed Rs 85,000. After the budget, the price of gold has got wings. Although import duty has not been increased in the budget, but despite this, there is a steady boom in gold. Today, gold has become expensive on Wednesday, 5 February. Today, the price of 24 and 22 carat gold has come down by Rs 400 in the house. The price of 10 grams of gold is above Rs 85,300.
Why are gold crossing 85000 rupees?
Due to the stir in the international market and change in American policies, people are considering gold as a safe investment, which is increasing its price. Experts say that if the interest rates are low and the market remains uncertain, gold can be more expensive. Its demand increases during weddings and festivals in India, which may increase the price of gold further in the coming months.
In Delhi-Mumbai Price of 24 and 22 carat gold
24 carat gold has gained around Rs 400 in Delhi. The price here reached Rs 85,3600 per 10 grams, while 22 carat gold remains at Rs 78,260 per 10 grams. The price of 24 carat gold in Mumbai is trading at Rs 85,2100 and 22 carat gold at Rs 78,110 per 10 grams. Learn here the price of gold 5 February 2025 in 4 big cities of the country.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 78,260 | 85,360 |
| Chennai | 78,110 | 85,210 |
| Mumbai | 78,110 | 85,210 |
| Kolkata | 78,110 | 85,210 |
Silver price on 5 February
On Wednesday 5 February, the price of silver declined. The price of silver has come to Rs 98,400 per kg. Silver silver has steadily declined by gold. Silver has not yet come from its record level of Rs 1,00,000. However, gold has crossed its previous year’s peak level.
How is the price of gold decided in the country?
The price of gold in India varies due to many reasons, such as international market prices, government tax and rupee fluctuations. Gold is not only a means of investment, but also an important part of Indian culture. Price also increases due to increasing demand during weddings and festivals. People consider it a safe investment, so a change in its price affects the common people.
Bank Holiday: Bank will be closed on Wednesday, know why RBI has given 5 February holiday