Gold Silver Price Today: With the beginning of the year 2025, the price of gold continues to rise. Gold prices continued to rise on the third day of the New Year. On January 3, 2025, the price of 10 grams of 24 carat gold increased by Rs 330 to around Rs 78,400. At the same time, the price of 22 carat gold has increased by Rs 300 to around Rs 71,900. Know here what was the rate of January 3, 2024 and is this the right time to invest money?
What was the price of gold in states like Delhi, Mumbai, Rajasthan?
In the national capital Delhi, 22 carat gold is trading at Rs 71,950 and 24 carat gold at Rs 78,480 per 10 grams. Similarly, the rates remain the same in cities like Noida, Ghaziabad, Jaipur, and Lucknow. In Mumbai, Kolkata and Bhubaneswar, 24 carat gold is trading at Rs 78,330 and 22 carat gold at Rs 71,800. In Patna and Ahmedabad, 22 carat gold is being sold at the rate of Rs 71,850 and 24 carat gold is being sold at the rate of Rs 78,380.
silver price
No change has been seen in the price of silver. The price of one kilogram of silver in the country is stable at Rs 90,500.
Why did gold prices increase?
According to experts, the rise in prices of precious metals in the international market and strong demand from investors in the domestic market have pushed the price of gold up. The weakness of the rupee and rising prices of gold in the COMEX market ($2,640 per ounce) are also the main reasons behind this.
How is the price of gold determined?
Gold prices depend on local demand, the state of the US economy, Federal Reserve interest rates, and international market trends. Investors may see further increase in gold prices in the coming time. Economic data like unemployment and PMI coming from America can affect the gold and silver market. Due to this, investors are advised to be cautious. Given the strong condition of the international and domestic markets, this time may prove to be important for those investing in gold and silver.