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With its deep-rooted cultural affinity for gold, India is a leading market for the yellow metal. Gold demand in India has been rising consistently, fuelled mainly by growing affluence.
A combination of factors, such as supply, demand, and investor sentiment, influence gold prices. While current gold rates consider not only immediate market dynamics but also future expectations, limited market transparency increases price volatility. In essence, gold pricing is a consensus among market stakeholders to buy, sell, or maintain prices at predetermined levels through strategic supply and demand management. Gold supply in India is primarily met through imports, with less than 1 per cent of the demand being met by local mining and about 10 per cent from recycling.
Investors can purchase gold from various retail outlets, including jewellery stores across cities in India. Below are the latest gold prices in major Indian cities.
| Gram | 01-01-2025 | 02-01-2025 | Price Change (in Rs) |
|---|---|---|---|
| 1 gram | Rs 7,658 | Rs 7,708 | 50 |
| 10 grams | Rs 76,583 | Rs 77,078 | 495 |
| 100 grams | Rs 765,830 | Rs 770,780 | 4,950 |
| 1 kg | Rs 7,658,300 | Rs 7,707,800 | 49,500 |
*The above Gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your jeweller
| Gram | 01-01-2025 | 02-01-2025 | Price Change (in Rs) |
|---|---|---|---|
| 1 gram | Rs 7,294 | Rs 7,341 | 47 |
| 10 grams | Rs 72,936 | Rs 73,408 | 471 |
| 100 grams | Rs 729,362 | Rs 734,076 | 4,714 |
| 1 kg | Rs 7,293,619 | Rs 7,340,762 | 47,143 |
The above Gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your jeweller
| 24 Carat (Per 10 gram) | 22 Carat (Per 10 gram) | |
|---|---|---|
| 4th December rate | Rs 76,392 | Rs 72,754 |
| 2nd January rate | Rs 77,078 | Rs 73,408 |
| Highest rate in December | Rs 78,147 on December 12 | Rs 74,426 on December 12 |
| Lowest rate in December | Rs 75,075 on December 20 | Rs 71,500 on December 20 |
| Overall performance | Rising | Rising |
| % Change | +0.9% | +0.9% |
| 24 Carat (Per 10 gram) | 22 Carat (Per 10 gram) | |
|---|---|---|
| 4th November rate | Rs 78,518 | Rs 74,779 |
| 2nd January rate | Rs 77,078 | Rs 73,408 |
| Highest rate in November | Rs 78,566 on November 5 | Rs 74,825 on November 5 |
| Lowest rate in November | Rs 73,739 on November 14 | Rs 70,228 on November 14 |
| Overall performance | Falling | Falling |
| % Change | -1.83% | -1.83% |
| 24 Carat (Per 10 gram) | 22 Carat (Per 10 gram) | |
|---|---|---|
| 1st October rate | Rs 75,515 | Rs 71,919 |
| 2nd January rate | Rs 77,078 | Rs 73,408 |
| Highest rate in October | Rs 78,745 on October 29 | Rs 74,995 on October 29 |
| Lowest rate in October | Rs 74,838 on October 10 | Rs 71,274 on October 10 |
| Overall performance | Rising | Rising |
| % Change | +2.07% | +2.07% |
| 24 Carat (Per 10 gram) | 22 Carat (Per 10 gram) | |
|---|---|---|
| 2nd September rate | Rs 71,510 | Rs 68,105 |
| 2nd January rate | Rs 77,078 | Rs 73,408 |
| Highest rate in September | Rs 75,750 on September 26 | Rs 72,143 on September 26 |
| Lowest rate in September | Rs 71,295 on September 4 | Rs 67,900 on September 4 |
| Overall performance | Rising | Rising |
| % Change | +7.79% | +7.79% |
| 24 Carat (Per 10 gram) | 22 Carat (Per 10 gram) | |
|---|---|---|
| 1st August rate | Rs 69,721 | Rs 66,401 |
| 2nd January rate | Rs 77,078 | Rs 73,408 |
| Highest rate in August | Rs 72,042 on August 26 | Rs 68,611 on August 26 |
| Lowest rate in August | Rs 66,873 on August 7 | Rs 63,689 on August 7 |
| Overall performance | Rising | Rising |
| % Change | +10.55% | +10.55% |
| 24 Carat (Per 10 gram) | 22 Carat (Per 10 gram) | |
|---|---|---|
| 1st July rate | Rs 71,874 | Rs 68,451 |
| 2nd January rate | Rs 77,078 | Rs 73,408 |
| Highest rate in July | Rs 73,979 on July 18 | Rs 70,456 on July 18 |
| Lowest rate in July | Rs 66,736 on July 29 | Rs 63,558 on July 29 |
| Overall performance | Rising | Rising |
| % Change | +7.24% | +7.24% |
Gold prices are influenced by a combination of factors like supply, demand, and investor sentiment. Current gold rates consider not only immediate market dynamics but also future expectations.
Gold supply in India is primarily met through imports, with less than 1 per cent of the demand being met by local mining and about 10 per cent from recycling.
Investors can purchase gold from various retail outlets, including jewellery stores across cities in India.
As a universally recognised asset, gold can be effortlessly bought or sold worldwide in diverse forms, including coins, bars, and jewellery. Also, gold is considered a safe-haven asset class and a hedge against inflation. This means that gold typically performs well during times of volatility or downswings in equity markets.
This precious metal is considered important in various rituals and ceremonies, which solidifies its enduring appeal. Its value transcends generations.
