look news india
Gold Rate Today: A slight fall was recorded in gold prices on Tuesday, January 7, 2025. 24 karat and 22 karat gold in both senses up to Rs 100 There has been a decrease. In major cities of the country 24 carat gold Rs 78,800 per 10 grams And 22 carat gold Rs 72,300 per 10 grams But is doing business.
Is this decline a good opportunity to invest, or may prices go down further after the Budget? Come, know the expert opinion regarding gold price and investment in different cities.
Silver prices also fell
- Current price of silver: ₹91,400 per kg.
- Previous Quote: ₹91,500 per kg.
- Decline: ₹100.
Gold prices across the country (7 January 2025)
| City | 22 carat (₹/10 grams) | 24 carat (₹/10 grams) |
|---|---|---|
| Delhi | ₹72,290 | ₹78,850 |
| Mumbai | ₹72,140 | ₹78,700 |
| Chennai | ₹72,140 | ₹78,700 |
| Kolkata | ₹72,140 | ₹78,700 |
| Bhopal | ₹72,190 | ₹78,750 |
| Ahmedabad | ₹72,190 | ₹78,750 |
| Jaipur | ₹72,290 | ₹78,850 |
| Hyderabad | ₹72,140 | ₹78,700 |
| Lucknow | ₹72,290 | ₹78,850 |
| Patna | ₹72,190 | ₹78,750 |
| Visakhapatnam | ₹72,140 | ₹78,700 |
How is the price of gold determined in India?
Gold price in India depends on many global and local factors:
- International market:
- Global economic situation.
- Tension and political instability between countries.
- Dollar-Rupee Exchange Rate:
- Gold can become expensive if the dollar strengthens.
- demand and supply:
- Prices rise when demand for gold increases during weddings and festivals.
- Import duties and taxes:
- India is the largest importer of gold. Import duties and taxes have a big impact on prices here.
What is the right time to invest?
The fall in the price of gold can make it a good opportunity for investment.
- Short-Term Investors: Prices are likely to fall further after the upcoming budget, so wait a bit.
- Long-Term Investor: It would be better to invest at current prices as gold has long-term stability.
- Experts believe that due to global uncertainties, gold prices may increase in the long run.