Gold price today: After the budget, gold has become cheaper on Monday, 3 February. On the day of Basant Panchami, gold has come down slightly below its peak. On Saturday, 24 carat 10 grams of gold was crossed by Rs 84,500 on the budget day. Today, the price of 24 and 22 carat gold has declined by Rs 150. The price of 10 grams of gold is trading around Rs 84,400. The government has not increased import duty in the budget on gold. This will provide relief to the investor.
Why is gold beyond 84000?
Investors are increasing investment in gold as a safe property due to global market instability and change in American policies, making its prices at the upper level. Experts believe that if the interest rate cuts and uncertainty in the international market remains, gold and silver prices may further increase further. In addition, the demand for gold in India and the festive season in India naturally increases, which can lead to further rise in prices in the coming months.
In Delhi-Mumbai The price of 24 and 22 carat gold decreased
In Delhi, 24 carat gold fell by about Rs 150 to Rs 84,6300 per 10 grams, while 22 carat gold remained at Rs 77,590 per 10 grams. The price of 24 carat gold in Mumbai is trading at Rs 84,480 and 22 carat gold at Rs 77,440 per 10 grams. Learn here the price of gold in 4 big cities of the country 3 February 2025.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 77,590 | 84,630 |
| Chennai | 77,440 | 84,480 |
| Mumbai | 77,440 | 84,480 |
| Kolkata | 77,440 | 84,480 |
Silver price on 3 February
The price of silver declined on Saturday 3 February. After the budget, there was a softness of 200 rupees in silver. The price of silver has come to Rs 99,400 per kg. Earlier, the price of silver was Rs 99,600. Silver is just slightly behind from a record level of Rs 1,00,000.
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’s import duty, tax and rupee fluctuations. Gold is not just a means of investment, but also an important part of Indian culture. Prices also increase due to increase in demand during marriage and festivals. People consider it a safe investment, so the change in its price also affects the pockets of common people.
Gold Price Today: Gold reached its new peak 83,750, gold became expensive by Rs 910, before budget