look news india
The price of gold is increasing even in the new year. Today on January 8, 2025, the price of gold remained in the green. A slight increase was seen in gold prices on Wednesday compared to yesterday. In most cities of the country, the price of 24 carat gold is trading around Rs 78,800. The price of 22 carat gold is trading around Rs 72,300.
silver expensive
One kilogram of silver is trading at Rs 92,500 in the country. There was a rise in the price of silver. Earlier yesterday the price of silver was Rs 1.55. Was trading around Rs 91,500. Today there was an increase of Rs 1000 per kg.
Why is gold becoming expensive?
The reason for the increase in gold prices is the strength in the international market and increasing demand from investors in the country. Gold has also become expensive due to the weakness of the rupee. Due to economic uncertainty, people are buying gold as a safe investment. Also, US economic data like unemployment rate and PMI report may impact gold prices in the coming days.
This is the gold rate till January 8, 2025
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 72,300 | 78,860 |
| Jaipur | 72,300 | 78,860 |
| Lucknow | 72,300 | 78,860 |
| Mumbai | 72,150 | 78,710 |
| Kolkata | 72,150 | 78,710 |
| Ahmedabad | 72,200 | 78,760 |
| Bengaluru | 72,150 | 78,710 |
How is the price of gold determined in India?
The price of gold keeps changing daily. This is the rate at which consumers buy gold. There are many factors that influence its price, such as the state of the world economy, tensions between major countries, and the demand and supply of gold. The price of gold in India is not only determined by the international market but is also affected by import duties, taxes and the rupee-dollar rate. Gold is not only a form of investment in our country, but it also has special significance in festivals and weddings.