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There is a continuous rise in the prices of gold. 11 January 2025, Saturday 22 carat gold ₹73,000 While the price of 24 carat gold crossed Rs. ₹79,600 It is built around. With the beginning of the new year, the price of gold continues to rise. The wedding season and increasing investment demand have strengthened this growth.
Let us know what was the gold rate today in other major cities including Delhi, UP, Bihar, Rajasthan, Punjab and Haryana.
Silver prices also rise
Today, along with gold, silver prices also registered a rise. Price of one kilogram silver ₹93,500 Which is ₹1,000 more than yesterday.
Why are gold prices increasing?
There are several important reasons behind the rising prices of gold:
- Wedding season:
Wedding season is going on in the months of January and February. During this period, there is a sharp increase in the demand for gold, due to which its prices become higher. - Impact of international market:
Strength in global markets and increasing investment in gold have led to a rise in its prices. - Investors’ Interest:
Amidst economic uncertainty, gold is being seen as a safe investment. This interest of investors has also increased the price of gold.
Will gold become more expensive?
Experts believe that gold prices may increase further in the coming days. The main reasons behind this are:
- Rupee weakness:
The price of imported gold increases due to the weakening of the Indian rupee. - US economic data:
Figures like America’s unemployment rate and PMI (Purchasing Managers’ Index) can have a big impact on gold prices. - Effect of interest rates:
Changes in interest rates from the Federal Reserve may affect the price of gold.
Gold rate today on 11 January 2025
The latest rates of 22 carat and 24 carat gold in major cities across the country are as follows:
| city name | 22 carat gold rate (₹) | 24 carat gold rate (₹) |
|---|---|---|
| Delhi | 73,000 | 79,620 |
| Noida | 73,000 | 79,620 |
| Ghaziabad | 73,000 | 79,620 |
| Jaipur | 73,000 | 79,620 |
| Gurgaon | 73,000 | 79,620 |
| Lucknow | 73,000 | 79,620 |
| Mumbai | 72,850 | 79,470 |
| Kolkata | 72,850 | 79,470 |
| Patna | 72,900 | 79,520 |
| Ahmedabad | 72,900 | 79,520 |
| Bhubaneswar | 72,850 | 79,470 |
| Bengaluru | 72,850 | 79,470 |
How are gold prices determined?
Many factors influence gold prices, including:
- Local Demand and Supply:
The greater the demand for gold in the market, the more its price will increase. - International market:
Global gold prices have a direct impact on the Indian market. - Impact of US Dollar:
The position of the rupee against the dollar affects gold prices. Weak rupee makes gold expensive. - Federal Reserve Interest Rates:
When the Federal Reserve lowers interest rates, gold prices rise because it becomes attractive for investment.
gold for investment
The current time can be important for people investing in gold. Rising prices are making it a better option, but it is also important to be mindful of price fluctuations. According to experts, this could be the right time for long-term investments
