Gold Price TodayToday, after a long time, the price of gold has increased. The price of 24 carat gold increased by Rs 110 and the price of 22 carat gold increased by Rs 100. The price of gold is still trading above Rs 80,000. In states like Delhi, Rajasthan, UP, Haryana, the price of 24 carat gold is trading above Rs 80,200. At the same time, the price of 22 carat gold remains above Rs 73,500. Should investors invest in gold at this price?
Gold jewelery is made in 22 carat
Most of the jewelery in the country is made in 22 carat gold. The impact of increase or decrease in the price of 22 carat gold will directly affect the buyers. When gold becomes cheaper, the price of gold jewelery also reduces. This is the wedding season in the country at this time. If there is a wedding in your house and you are planning to buy jewellery, then falling price of gold can provide relief.
Silver becomes costlier on January 16, 2025
The price of one kilogram of silver in the country is Rs 93,500. The price of silver has increased by Rs 1,000. Earlier the price of silver was Rs 92,500. However, in the year 2024, the price of one kilogram of silver had crossed Rs 1,00,000. The price of silver has not yet returned to its old peak. Now it remains to be seen how much time it will take for silver to reach its previous peak level of Rs 1,00,000.
Demand for gold increased in the domestic market
The demand for gold is increasing rapidly during the wedding season, due to which its prices remain rising. People buy gold not only for making jewellery, but also as a safe investment. The strengthening of gold prices in the international market and increasing interest of investors have further boosted its price. Now it remains to be seen when gold will reach the level of Rs 85,000.
This is the gold rate on January 16, 2025
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 73,550 | 80,220 |
| Noida | 73,550 | 80,220 |
| Ghaziabad | 73,550 | 80,220 |
| Jaipur | 73,550 | 80,220 |
| Gurgaon | 73,550 | 80,220 |
| Lucknow | 73,550 | 80,220 |
| Mumbai | 73,400 | 80,070 |
| Kolkata | 73,400 | 80,070 |
| Patna | 73,450 | 80,120 |
| Ahmedabad | 73,450 | 80,120 |
| Bhubaneswar | 73,400 | 80,070 |
| Bengaluru | 73,400 | 80,070 |
How is the price of gold decided in the country?
The price of gold in India is decided on the basis of gold price in the international market, exchange rate of rupee and dollar, import duty and demand and supply of the country. Due to increase in demand for gold during wedding season and festivals, prices rise. This has been the trend of last years. Additionally, gold prices in the global market, such as the bullion markets of New York and London, directly affect gold prices in India.
gold and silver rate