look news india
Today, on the first day of the year, there is some relief in gold prices. On January 1, 2025, gold has become cheaper by Rs 450. Gold prices declined on Wednesday compared to yesterday Tuesday 31 December 2024. In most cities of the country, the price of 24 carat gold is trading around Rs 77,600. The price of 22 carat gold is around Rs 71,200. So let us know what is the price of gold in your city.
Know the price of silver
One kg of silver is trading at Rs 90,500 in the country. Yesterday the price of silver was Rs 92,500. Silver per kg on New Year’s Day is Rs. 2,000 were deducted.
Will gold prices increase in the new year?
Gold prices are likely to increase in the new year. According to experts, the demand for gold is increasing due to the weakness of the rupee, Russia-Ukraine war and tension in West Asia. Investor interest in safer options and increased buying by jewelers are also influencing the prices. Apart from this, there is a possibility of market fluctuations due to the strength of the dollar and changes in the policy of the central bank. Due to all these factors, gold prices may reach higher levels in the coming days.
Gold price in major cities of the country
| city name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 71,250 | 77,710 |
| Jaipur | 71,250 | 77,710 |
| Lucknow | 71,250 | 77,710 |
| Mumbai | 71,100 | 77,560 |
| Kolkata | 71,100 | 77,560 |
| Patna | 71,150 | 77,610 |
| Ahmedabad | 71,150 | 77,610 |
| Bengaluru | 71,100 | 77,560 |
How is the price of gold decided in the country?
Gold prices are influenced by domestic demand, US economic conditions, Federal Reserve interest rates and international markets. In such a situation, the price of gold is expected to increase in the near future.