On Monday, January 13, 2025, gold prices in India experienced a slight decline. The price of 24-carat gold is ₹7981.3 per gram, marking a decrease of ₹10. The price of 22-carat gold stands at ₹7316.3 per gram, also falling by ₹10.
Over the past week, the price of 24-carat gold has dropped by 0.98%, and the decline over the last month stands at 2.0%. Meanwhile, the price of silver in India is ₹96500 per kilogram, down by ₹100.
Gold Rates in Southern Cities
Chennai: ₹79651 per 10 grams (yesterday ₹79501, last week ₹78721).
Bangalore: ₹79645 per 10 grams (yesterday ₹79495, last week ₹78715).
Hyderabad: ₹79659 per 10 grams (yesterday ₹79509, last week ₹78729).
Visakhapatnam: ₹79667 per 10 grams (yesterday ₹79517, last week ₹78737).
Vijayawada: ₹79665 per 10 grams (yesterday ₹79515, last week ₹78735).
Silver Prices in Southern Cities
Chennai: ₹103600 per kg (yesterday ₹103800, last week ₹101600).
Bangalore: ₹95500 per kg (yesterday ₹95700, last week ₹93500).
Hyderabad: ₹104200 per kg (yesterday ₹104400, last week ₹102200).
Visakhapatnam: ₹102600 per kg (yesterday ₹102800, last week ₹100600).
Vijayawada: ₹105000 per kg (yesterday ₹105200, last week ₹103000).
Factors Affecting Gold and Silver Prices
Gold and silver prices fluctuate due to a variety of domestic and global factors. Key influences include:
Global Demand: Worldwide demand for precious metals plays a major role in shaping price trends.
Currency Fluctuations: Changes in the value of major currencies, especially the US dollar, can influence the appeal of gold and silver as investment options.
Interest Rates: When interest rates rise, gold and silver can become less attractive since they do not generate interest income.
Government Regulations: Policies affecting the gold and silver markets, including trade regulations, can impact prices.
World Events: Economic conditions, geopolitical instability, and other global events can also affect the demand for and price of these precious metals.
Jewelers, who are key industry players, can provide valuable insights into market trends and help predict potential price movements.
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- Gold Prices Expected to Reach $3,000 per Ounce by 2025, Analysts Forecast
