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There is a continuous rise in the prices of gold, due to which the attention of investors and buyers has increased towards this precious metal. Today, 9 January 2025On Thursday, the price of gold increased once again. Prices of 22 carat and 24 carat gold respectively Rs 100 and Rs 120 An increase of Rs. Price of 24 carat gold in major cities of the country ₹78,900 per 10 gramswhile the price of 22 carat ₹72,400 per 10 grams But is doing business.
Let us know, is this the right time to invest and what is the reason for the rise in gold prices.
9 January 2025: Silver prices also increased
Along with gold, the prices of silver have also increased.
- Rate of 1 kg silver ₹92,500 Has reached.
Why the continuous rise in gold prices?
1. Wedding season and increasing demand
The wedding season has started in India, and the demand for gold is witnessing an increase. Due to this, gold prices are continuously increasing in the market.
2. Strength of international market
- Gold prices have strengthened in global markets.
- The weakness of the US dollar and international economic uncertainties have further increased the demand for gold.
3. Increasing interest of investors
- Gold in times of economic uncertainty “Safe Investment” It is believed.
- Stock market volatility and inflation have prompted investors to invest in gold.
4. Rupee weakness
Prices of imported gold have increased due to weakness in the Indian rupee. Since India is the largest importer of gold, the weakness of the rupee has a direct impact on gold prices.
5. Impact of US economic data
- recently released America’s unemployment rate and PMI report Can affect gold prices.
- Changes in Federal Reserve policies and interest rates also play an important role in determining gold prices.
Gold rate on 9 January 2025 (in major cities)
| city name | 22 carat gold rate (₹) | 24 carat gold rate (₹) |
|---|---|---|
| Delhi | 72,400 | 78,970 |
| Noida | 72,400 | 78,970 |
| Ghaziabad | 72,400 | 78,970 |
| Jaipur | 72,400 | 78,970 |
| Gurgaon | 72,400 | 78,970 |
| Lucknow | 72,400 | 78,970 |
| Mumbai | 72,250 | 78,820 |
| Kolkata | 72,250 | 78,820 |
| Patna | 72,300 | 78,870 |
| Ahmedabad | 72,300 | 78,870 |
| Bhubaneswar | 72,250 | 78,820 |
| Bengaluru | 72,250 | 78,820 |
How are gold prices determined?
1. Local demand
Local demand has a direct impact on gold prices in India. When demand increases during weddings and festivals, prices also increase.
2. Influence of international market
The international market has a big impact on gold prices. The value of the US dollar, crude oil prices, and global economic conditions play an important role in determining gold prices.
3. Federal Reserve Policies
Gold prices fluctuate due to changes in interest rates from the Federal Reserve in the US.
4. Value of Rupee
The weakness or strength of the rupee has a direct impact on the prices of gold. When the rupee weakens, imports become expensive, which increases the price of gold.
Is this the right time to invest?
- Invest for the long term:
If you want to invest in gold, it is considered a safe option for the long term. - Be cautious in the short-term:
Gold prices may fluctuate in the short-term. In such a situation, avoid investing for immediate profits. - Plan to buy jewellery:
If you are planning to buy jewellery, it may be beneficial to buy before the prices increase further.