Gold Price Today: With the beginning of the new year, the price of gold continues to rise. Now the price of gold in the country has reached close to Rs 80,000. In states like Delhi, Rajasthan, UP, Haryana, the price of gold is trading at Rs 79,800. This price is for 10 grams of 24 carat gold. At the same time, the price of 22 carat gold has come above Rs 73,00 0. Let us tell you that most of the jewelery in the country is made in 22 carat gold. In such a situation, the price of 22 carat gold is more important for jewelery buyers. Know here whether the decision to buy gold jewelery at this price is right or should buyers wait for the price to fall?
Silver becomes costlier on January 12, 2025
The price of one kilogram of silver in the country is Rs 93,500. 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. The expert had also estimated it to be worth Rs 1.50 lakh.
Increasing demand for gold during wedding season
Due to increase in demand for gold during the wedding season, its prices are increasing. People are not only buying it for jewellery, but are also taking gold as a safe investment. Strength in the international market and increasing interest from investors have further boosted gold prices. In times of economic uncertainties, people consider gold as a reliable option.
Will gold cross the level of Rs 80,000 next week?
Gold prices are also increasing due to the weakness of the rupee. Additionally, US economic data, such as the unemployment rate and PMI report, may impact gold prices in the coming days. At present, the number of people investing in gold is continuously increasing, due to which its prices may increase further.
This is the gold rate on January 12, 2025
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 73,150 | 79,800 |
| Noida | 73,150 | 79,800 |
| Ghaziabad | 73,150 | 79,800 |
| Jaipur | 73,150 | 79,800 |
| Gurgaon | 73,150 | 79,800 |
| Lucknow | 73,150 | 79,800 |
| Mumbai | 73,000 | 79,640 |
| Kolkata | 73,000 | 79,640 |
| Patna | 73,050 | 79,700 |
| Ahmedabad | 73,050 | 79,700 |
| Bhubaneswar | 73,000 | 79,640 |
| Bengaluru | 73,000 | 79,640 |
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