Rise in gold prices, know the latest rates of January 3, 2025

With the beginning of the new year, gold prices continue to rise. On Friday, January 3, 2025, the price of 10 grams of gold saw a rise of up to Rs 330. Across the country, the rate of 24 carat gold is around ₹ 78,400 per 10 grams and the rate of 22 carat gold is around ₹ 71,900 per 10 grams.

Stability in silver price on January 3, 2025

• Silver prices remain stable.
• Price of 1 kg silver in the country ₹90,500 Is.

Gold and silver rate in Delhi

of Delhi on Thursday Local Bullion Market Gold and silver prices recorded a rise in:

• Sleep: becoming costlier by Rs 330 ₹79,720 per 10 grams Reached.
• Silver: increased by Rs 130 ₹90,630 per kg It’s done.

Why are gold prices increasing?

International markets and investor demand:

• Strength in prices of precious metals in the international market.
• Increased demand in the domestic market.

Rupee weakness:

• Gold prices increased due to weakening of rupee.

Impact of COMEX Market:

• gold in comex market $2,640 per ounce Is trading above Rs.
• gold price in domestic market ₹77,300 per 10 grams Is built on.

Impact of upcoming economic data:

• The market is keeping an eye on America’s unemployment and PMI data.
• Based on these data, there may be fluctuations in the bullion market.

3 January 2025: Gold prices in major cities (₹/10 grams)

How is the price of gold determined?

Major factors affecting gold prices:

1. Local Demand: Prices are decided according to the demand in the local market.
2. International market: Direct impact of US dollar situation and gold rates.
3. Federal Reserve Interest Rates: Prices fluctuate due to the policies of the Federal Reserve.
4. Global Economy: Economic data from the US and other countries influence prices.