Gold Price Today: There is a continuous rise in the price of gold in the new year. Today on January 8, 2025, the price of gold remained in the green mark. There was a slight increase in the price of gold on Wednesday compared to yesterday. In most cities of the country, 24 carat gold rate is trading around Rs 78,800. The price of 22 carat gold is trading around Rs 72,300. Check what is the price of gold in your city.
Silver becomes costlier on January 8, 2025
The price of one kilogram of silver in the country is trading at Rs 92,500. There was a rise in the price of silver. Earlier the rate of silver was trading around Rs 91,500 yesterday. Today there was an increase of Rs 1,000 per kg.
Why is gold continuously becoming expensive?
The reason for the increase in gold prices is the strength in the international market and increasing demand from investors in the country. The weakness of rupee has also made gold expensive. Due to economic uncertainties, people are buying gold considering it as a safe investment. Also, US economic data like unemployment rate and PMI report can impact gold prices in the coming days.
This is the gold rate on January 8, 2025
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 72,300 | 78,860 |
| Noida | 72,300 | 78,860 |
| Ghaziabad | 72,300 | 78,860 |
| Jaipur | 72,300 | 78,860 |
| Gurgaon | 72,300 | 78,860 |
| Lucknow | 72,300 | 78,860 |
| Mumbai | 72,150 | 78,710 |
| Kolkata | 72,150 | 78,710 |
| Patna | 72,200 | 78,760 |
| Ahmedabad | 72,200 | 78,760 |
| Bhubaneswar | 72,150 | 78,710 |
| Bengaluru | 72,150 | 78,710 |
How is the price of gold decided in the country?
Gold prices are influenced by local demand, America’s economic condition, Federal Reserve interest rates and international markets. In such a situation, the price of gold is expected to increase in the coming time.
gold and silver rate