Gold Price Today: The rising trend in gold prices continues. The price of 24 carat and 22 carat gold has increased by Rs 550. The average price of gold is trading above Rs 80,600. In states like Delhi, Rajasthan, UP, Haryana, the price of 24 carat gold is above Rs 80,700. Due to the continuous rise in the price of gold, it seems that gold will soon reach its previous peak. Gold had gone above Rs 82,000 in the year 2024. Now it remains to be seen how soon gold will reach its old peak.
Silver becomes costlier on January 17, 2025
The price of one kilogram of silver in the country is Rs 95,500. The price of silver has increased by Rs 2,000. Earlier the price of silver was Rs 93,500. The price of silver is continuously increasing. In the year 2024, the price of one kilogram of silver had crossed Rs 1,00,000. In silver also, it has to be seen when silver reaches its previous peak.
22 carat gold price
Most of the jewelery in the country is made in 22 carat gold. The increase or decrease in the price of 22 carat gold directly affects the buyers. Currently, the price of 22 carat gold is trading above Rs 74,000 in most of the big cities of the country. When gold is cheap, the price of gold jewelery also reduces and when it becomes expensive, gold jewelery becomes expensive.
Gold is becoming expensive in the domestic market
There are many reasons why gold becomes expensive. The increasing demand for jewelery during wedding and festival seasons increases its prices. Also, gold is considered a safe investment, which increases its purchase in times of economic uncertainty. Strength in prices in the international market and weakness of rupee against the dollar are also major reasons for gold becoming expensive. Apart from this, import duties and investor interest have also played a role in pushing the price of gold higher.
This is the gold rate on January 17, 2025
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 74,050 | 80,770 |
| Noida | 74,050 | 80,770 |
| Ghaziabad | 74,050 | 80,770 |
| Jaipur | 74,050 | 80,770 |
| Gurgaon | 74,050 | 80,770 |
| Lucknow | 74,050 | 80,770 |
| Mumbai | 73,900 | 80,070 |
| Kolkata | 73,900 | 80,070 |
| Patna | 73,950 | 80,120 |
| Ahmedabad | 73,950 | 80,120 |
| Bhubaneswar | 73,900 | 80,070 |
| Bengaluru | 73,900 | 80,070 |
How is the price of gold decided in India?
The price of gold in India depends on many factors, such as the price of gold in the international market, exchange rate of rupee and dollar, and import duty. When demand for gold increases during weddings and festivals, prices also increase. Also, gold prices in the bullion markets of New York and London also directly affect the price of gold in India. Supply-demand balance and global events also play an important role in determining the price of gold.
gold and silver rate