Gold prices in India have been updated for 22-karat and 24-karat gold, with rates varying slightly across major cities. As of today, January 13, 2025, the gold rate in Delhi stands at ₹7,314 per gram for 22K gold and ₹7,979 per gram for 24K gold.
Key Factors Influencing Gold Prices in India
Gold prices are influenced by several factors, both domestic and international, including:
- International Gold Prices: Global gold rates, typically quoted in US dollars, directly impact domestic prices.
- Import Duties and Taxes: Since India imports most of its gold, import duties and taxes play a significant role in determining gold prices.
- US Dollar Strength and Bond Yields: Fluctuations in the value of the US dollar and changes in bond yields can affect gold rates.
- Inflation Hedge: Gold is seen as a safe investment, especially during periods of high inflation.
India, as the world’s second-largest consumer of gold after China, depends on imports and recycled gold to meet its demand.
Today’s Gold Rates in Major Indian Cities
Here are the updated gold rates for 22K and 24K gold across some of India’s major cities:
- Delhi
- 22K Gold: ₹7,314 per gram
- 24K Gold: ₹7,979 per gram
- Chennai
- 22K Gold: ₹7,299 per gram
- 24K Gold: ₹7,963 per gram
- Bengaluru
- 22K Gold: ₹7,299 per gram
- 24K Gold: ₹7,963 per gram
- Mumbai
- 22K Gold: ₹7,299 per gram
- 24K Gold: ₹7,963 per gram
- Pune
- 22K Gold: ₹7,299 per gram
- 24K Gold: ₹7,963 per gram
- Kolkata
- 22K Gold: ₹7,299 per gram
- 24K Gold: ₹7,963 per gram
- Ahmedabad
- 22K Gold: ₹7,304 per gram
- 24K Gold: ₹7,969 per gram
- Hyderabad
- 22K Gold: ₹7,299 per gram
- 24K Gold: ₹7,963 per gram
- Indore
- 22K Gold: ₹7,304 per gram
- 24K Gold: ₹7,969 per gram
- Lucknow
- 22K Gold: ₹7,314 per gram
- 24K Gold: ₹7,979 per gram
Gold as a Secure Investment in India
Gold continues to be a preferred choice for investment in India due to its historical resilience and steady upward price trend. Both 22K and 24K gold have shown consistent growth over the years.
Why Gold is a Preferred Investment
- Reliable and Safe: Gold is considered a safe investment, providing steady returns over time.
- Hedge Against Inflation: It offers protection during times of economic uncertainty and inflation.
Investment Benefits
Gold’s consistent performance and stability make it a popular choice for Indian investors, ensuring long-term financial security.