Gold Rate Today: Gold has crossed Rs 87,200. After the budget, the price of gold has steadily increased. Gold prices have started touching the sky due to the weakening of the rupee against the dollar and the new policies of US President Donald Trump. Today, gold has become expensive on Monday, 11 February. The price of 24 and 22 carat gold increased by up to Rs 400. In most big cities of the country, 10 grams of gold is above Rs 87,200.
Large reasons for increasing gold prices
The possibility of a global trade war has increased after US President Donald Trump’s announcement of imposing 25% import duty on steel and aluminum. This has created confusion among investors, and they are turning to gold as a safe investment option. In addition, investors are also considering gold as a safe investment due to the volatility of the stock market and the possibility of global recession, which has led to its demand and prices.
Dollar strength and rupee weakness
Gold prices are seen in India due to the strengthening of the dollar and the rupee falls. Since India is a big importer of gold, imports become expensive due to weakness of rupee, which increases the prices of gold in the domestic market. At the same time, investors have also increased investment in gold due to increasing inflation and changes in possible interest rates, which has reached a new record level.
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 87,220 per 10 grams, while 22 carat gold remains at Rs 79,960 per 10 grams. In Mumbai, the price of 24 carat gold is trading at Rs 87,070 and 22 carat gold at Rs 79,810 per 10 grams. Learn here the price of gold 11 February 2025 in 4 big cities of the country.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 79,960 | 87,220 |
| Chennai | 79,810 | 87,070 |
| Mumbai | 79,810 | 87,070 |
| Kolkata | 79,810 | 87,070 |
Silver price on 11 February
The price of silver declined on Tuesday 11 February. The price of silver has come to Rs 99,400 per kg. Silver is just slightly behind to touch a 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 tax and rupee fluctuations. Gold is not just a means of investment, but also an important part of our culture. It also increases its price due to increasing demand and increasing demand during festivals. People consider it a safe investment, so the change in its price directly affects the pockets of the common people.
Bank Holiday: Banks will be closed on Wednesday too, know why RBI has given 12 February holiday