The price of gold in India surged by Rs 430 on January 13, 2025, with significant increases observed across major cities. In Bhubaneswar, the capital of Odisha, 24-carat gold was priced at Rs 80,070 per 10 grams, while 22-carat gold was recorded at Rs 73,400 per 10 grams.
Gold prices have been steadily climbing in India, driven by fluctuations in the global market and other economic factors. In Bhubaneswar, the 22-carat gold price stood at Rs 73,400, while 24-carat gold touched Rs 80,070 for a 10-gram unit. The increase of Rs 430 in the price of gold on this particular day reflects the dynamic nature of precious metal trading in India, where gold continues to be a popular investment choice.
Gold Prices in Major Indian Cities
As the gold market continues to experience volatility, prices in key cities across India are showing similar trends. Here are the gold rates for 24-carat and 22-carat gold per 10 grams in various cities:
Delhi: 24-carat – Rs 80,220, 22-carat – Rs 73,550
Mumbai: 24-carat – Rs 80,070, 22-carat – Rs 73,400
Chennai: 24-carat – Rs 80,070, 22-carat – Rs 73,400
Kolkata: 24-carat – Rs 80,070, 22-carat – Rs 73,400
Hyderabad: 24-carat – Rs 80,070, 22-carat – Rs 73,400
Bangalore: 24-carat – Rs 80,070, 22-carat – Rs 73,400
Bhubaneswar: 24-carat – Rs 80,070, 22-carat – Rs 73,400
As seen in the above figures, the price of 24-carat and 22-carat gold is relatively consistent across these cities, with minor variations depending on local market conditions and the demand-supply dynamics in each region.
Silver Prices Experience a Surge
In addition to gold, the price of silver has also seen a notable increase. Over the past 24 hours, silver prices in India have risen by Rs 1,000 per kilogram. On January 13, 2025, silver is now priced at Rs 94,500 per kilogram across the country. However, in Bhubaneswar, silver has seen a sharper increase, with the rate climbing to Rs 1,02,000 per kilogram.
The surge in silver prices comes as a result of several market factors, including rising industrial demand and fluctuations in the global silver market. Silver, like gold, is viewed by many as a hedge against inflation, and its price fluctuations often mirror those of its more expensive counterpart.
What’s Driving Gold and Silver Prices?
The ongoing rise in the prices of both gold and silver is linked to a combination of domestic and international factors. Globally, the precious metals market is influenced by movements in the U.S. dollar, inflation trends, and geopolitical stability. In India, gold remains a key asset for investors and a popular choice for cultural and religious purposes, especially during wedding seasons and festivals. This consistent demand, combined with global supply chain challenges, helps maintain upward pressure on prices.
Silver, while often more affordable than gold, is also benefiting from a growing demand in both the industrial and investment sectors. As a result, investors and consumers alike are paying close attention to these price movements as they plan their financial strategies.
Stay Updated on Precious Metal Prices
As prices of precious metals like gold and silver fluctuate, it is essential for buyers and investors to stay informed about the latest price trends. Whether purchasing gold for personal use or investing in silver, being aware of the daily rate changes can help in making more informed decisions. Checking the rates in your local city is a prudent step before making any purchases or investments in these valuable commodities.
For those in Bhubaneswar or across India, it is always advisable to track the daily market trends, as prices can change based on global market shifts, domestic economic conditions, and demand patterns.
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