Gold Price Today: There is a continuous rise in the price of gold in the new year. Today, on Saturday, January 4, 2025, the rate of 10 grams of gold has become costlier by Rs 750. In most cities of the country, 24 carat gold rate is trading around Rs 79,300. The price of 22 carat gold is around Rs 72,700. Check what is the price of gold in your city.
Silver becomes costlier on January 4, 2025
The price of one kilogram of silver in the country is trading at Rs 92,500. The price of silver increased by Rs 2,000. Earlier the rate of silver was around Rs 90,500.
Why did gold become expensive?
The main reason for the increase in gold prices is the strength in the international markets and increasing demand from investors in the domestic market. The weakness of the rupee also played a role in making gold expensive. In the international market, gold is trading above $ 2,640 an ounce, due to which the prices in the domestic market also increased. Additionally, amid economic uncertainties, investors tend to lean towards safer investment options, thereby increasing the demand for gold. Economic data like unemployment and PMI from America may increase volatility in the bullion market in the coming times.
This is the gold rate on January 4, 2025
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 72,750 | 79,350 |
| Noida | 72,750 | 79,350 |
| Ghaziabad | 72,750 | 79,350 |
| Jaipur | 72,750 | 79,350 |
| Gurgaon | 72,750 | 79,350 |
| Lucknow | 72,750 | 79,350 |
| Mumbai | 72,600 | 79,200 |
| Kolkata | 72,600 | 79,200 |
| Patna | 72,650 | 79,250 |
| Ahmedabad | 72,650 | 79,250 |
| Bhubaneswar | 72,600 | 79,200 |
| Bengaluru | 72,600 | 79,200 |
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