KKN Gurugram Desk | Gold has always been one of the most popular investment options in India, with millions of people holding gold for both its emotional and financial value. Whether it is gold jewelry, coins, or bullion, the price of gold plays a significant role in shaping purchasing decisions. As of today, February 16, 2025, gold prices in India have seen minor fluctuations, with 24-carat gold dropping by Rs. 600 in the past week. Here’s an in-depth look at the current gold rates in various major cities of India.

Gold Prices in Major Cities of India

The price of gold varies across different cities due to several factors such as local taxes, demand, and market fluctuations. Let’s dive into the prices of 22-carat and 24-carat gold in the ten biggest cities of India.

Gold Prices in Delhi

In the national capital, Delhi, 24-carat gold is priced at Rs. 86,220 per 10 grams. Meanwhile, 22-carat gold costs Rs. 79,050 per 10 grams. This reflects the current market trends where gold prices are maintaining a high level despite minor weekly fluctuations.

Gold Prices in Mumbai, Chennai, and Kolkata

Across key financial hubs like Mumbai, Chennai, and Kolkata, the price of 22-carat gold is Rs. 78,900 per 10 grams, while the 24-carat variant is priced at Rs. 86,070 per 10 grams. These cities are major gold hubs, and their prices often reflect the broader trend in the national market.

Gold Prices in Jaipur, Lucknow, and Chandigarh

In these North and North-Western cities, 24-carat gold is also available at Rs. 86,220 per 10 grams, and 22-carat gold is priced at Rs. 79,050 per 10 grams. These prices remain consistent with other major markets across the country.

Gold Prices in Hyderabad

Hyderabad, another key city in South India, mirrors the gold prices of other cities. The 22-carat gold is priced at Rs. 78,900 per 10 grams, while the 24-carat gold stands at Rs. 86,070 per 10 grams. This shows that the price gap between 22-carat and 24-carat gold is relatively consistent across India.

Gold Prices in Ahmedabad and Bhopal

In Ahmedabad and Bhopal, the retail price for 22-carat gold is Rs. 78,950 per 10 grams, while 24-carat gold is priced at Rs. 86,120 per 10 grams. These cities reflect the same upward trend as observed in the rest of the country.

Recent Trends in Gold Prices

Over the past week, gold prices have experienced slight fluctuations. The 24-carat gold has seen a reduction of Rs. 600, and 22-carat gold has fallen by Rs. 550. These small declines might be attributed to various global market movements, including changes in the US dollar, fluctuations in crude oil prices, and global geopolitical developments. Despite this, gold prices remain high, keeping investors and gold buyers vigilant about their purchasing decisions.

Gold Prices for February 16, 2025

As of today, February 16, the gold price in India is as follows:

• 24-carat gold: Rs. 86,220 per 10 grams in Delhi, Rs. 86,070 in Mumbai, and similar pricing in other major cities.
• 22-carat gold: Rs. 79,050 per 10 grams in Delhi, Rs. 78,900 in Mumbai, and similar variations across other cities.

This consistency in price across major cities highlights the influence of the national market on gold pricing trends.

Factors Affecting Gold Prices

Several factors influence the price of gold. The most notable ones are:

1. Global Market Movements: Gold is often seen as a safe-haven asset. When global markets are unstable, the demand for gold rises, pushing prices up.

2. Inflation: Gold acts as a hedge against inflation. When inflation rises, people tend to invest more in gold, which increases demand and, in turn, drives up prices.

3. US Dollar: Gold is typically priced in US dollars, so changes in the value of the dollar can have a direct impact on gold prices. A stronger dollar makes gold more expensive for holders of other currencies.

4. Geopolitical Tensions: Any geopolitical tension, such as conflicts or economic instability, often leads to an increase in gold demand as investors seek safe investments.

5. Local Taxes and Duties: Gold prices also depend on import duties and taxes imposed by the government. Higher taxes and duties can drive up the retail price of gold in specific regions.

Silver Prices Also on the Rise

In contrast to gold, silver prices have been on an upward trend. Over the past week, silver prices have increased by Rs. 1,000. As of February 16, 2025, the price of silver is Rs. 100,500 per kilogram. This increase in silver prices is partly driven by rising industrial demand, especially from the electronics and renewable energy sectors, where silver plays a crucial role.

On February 14, 2025, silver saw a significant surge of Rs. 2,000 per kilogram in Delhi’s bullion markets. Meanwhile, in the Asian market, COMEX silver futures rose nearly 4%, closing at $34 per ounce. This indicates a global upward trend in silver prices, mirroring the bullish sentiment in the precious metals market.

Investment Outlook for Gold

Gold has always been a safe investment, especially during times of economic uncertainty. With global economic conditions becoming increasingly volatile, investors are likely to continue turning to gold as a reliable store of value. The ongoing trend of price stability, despite slight declines in recent days, suggests that gold remains a strong investment in the medium to long term.

Gold for Jewelry vs. Gold for Investment

When buying gold, it’s important to decide whether you are purchasing it for investment or for personal use, such as jewelry. If you’re buying for investment, it’s advisable to go for 24-carat gold, which is purer and holds better long-term value. On the other hand, 22-carat gold is often used for making jewelry, as it is slightly more durable due to the addition of other metals like copper.

What to Expect in the Coming Days

While the gold market is currently stable, it’s important to keep an eye on global developments. Any sudden geopolitical shifts, significant changes in inflation rates, or fluctuations in currency values can quickly alter gold prices. Therefore, it’s crucial for potential buyers and investors to remain informed about the market conditions.

As of February 16, 2025, gold prices in India remain strong, hovering around Rs. 86,000 per 10 grams for 24-carat gold. The minor fluctuations in prices over the past week have not significantly impacted the overall trend. With ongoing global economic uncertainties, gold remains a popular and secure investment option for many Indians. For those looking to buy gold, it’s important to stay updated with daily price changes and market trends.

Silver, on the other hand, is also experiencing growth, offering another avenue for investors seeking exposure to precious metals. Whether buying gold or silver, understanding market dynamics is key to making informed decisions. Keep watching the precious metals market to track the latest trends and make the best investment choices.