Gold prices in India remained unchanged on February 7, compared to the previous day. As of Friday, the price of 24-carat gold stood at Rs 8,651 per gram, while 22-carat gold was priced at Rs 7,930 per gram. These prices reflect a steady market trend following a surge to an all-time high on Wednesday, driven by factors such as a weaker rupee and fluctuations in the dollar index.
The recent rise in gold prices is largely attributed to geopolitical concerns, including fears of potential tariff wars, which have bolstered gold’s status as a safe-haven investment.
Gold Prices in Major Indian Cities:
Delhi: 24-carat gold is priced at Rs 86,660 per 10 grams, while 22-carat gold costs Rs 79,450 per 10 grams.
Mumbai: 24-carat gold stands at Rs 86,510 per 10 grams, and 22-carat gold is priced at Rs 79,300 per 10 grams.
Chennai: 24-carat gold is available for Rs 86,510 per 10 grams, with 22-carat gold at Rs 79,300 per 10 grams.
Kolkata: The price for 24-carat gold is Rs 86,510 per 10 grams, and 22-carat gold is Rs 79,300 per 10 grams.
Jaipur: 24-carat gold is priced at Rs 86,660 per 10 grams.
Lucknow: 24-carat gold stands at Rs 86,660 per 10 grams.
Chandigarh: The price of 24-carat gold is Rs 86,660 per 10 grams.
Factors Influencing Gold Prices in India: Several factors contribute to the fluctuations in gold prices in India. These include international gold rates, the currency exchange rate (particularly the value of the Indian Rupee against the U.S. Dollar), demand and supply dynamics, interest rates, government policies, import duties, global economic conditions, and both jewellery and industrial demand.
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