KKN Gurugram Desk | On February 21, 2025, gold and silver prices experienced minor fluctuations. As of this morning, the price of 24-carat gold in Delhi is ₹88,223 per 10 grams, reflecting a modest increase of ₹390 from the previous day. Meanwhile, silver prices remain stable at ₹103,500 per kilogram in the capital.
This price update is crucial for those looking to invest in or purchase these precious metals, and it helps understand the broader market trends. Let’s take a closer look at the gold and silver rates across India, the factors affecting these prices, and the trends over the past few days.
Gold Price Today in India: February 21, 2025
On February 21, 2025, gold prices in India saw a slight rise. The price of 24-carat gold stands at ₹88,223 per 10 grams in Delhi, which is ₹390 higher than the previous day’s price. The 22-carat gold price is ₹80,883 per 10 grams, reflecting an increase of ₹400 from yesterday.
Here’s a breakdown of how the gold prices are trending across major cities in India:
Gold Price in Major Indian Cities
- Chennai: ₹88,071 per 10 grams
- Bangalore: ₹88,065 per 10 grams
- Hyderabad: ₹88,079 per 10 grams
- Visakhapatnam: ₹88,087 per 10 grams
- Vijayawada: ₹88,085 per 10 grams
Gold prices in these cities are showing a consistent upward trend compared to the previous day’s rates, with most cities witnessing a rise of around ₹1,000 to ₹1,100 per 10 grams.
Price Movement Over the Last Week
Over the past week, 24-carat gold has increased by 0.24%. However, when we look at a month-on-month comparison, gold prices have fallen by 5.58%, reflecting a downward trend in the long term.
Gold Rate Breakdown
- 24-carat gold: ₹88,223 per 10 grams in Delhi
- 22-carat gold: ₹80,883 per 10 grams in Delhi
These rates are essential for those planning to buy gold for investment, gifting, or other purposes.
Silver Price Today in India: February 21, 2025
On the same day, silver prices in India remained largely unchanged. The price of 1 kilogram of silver is ₹103,500 in Delhi, and it hasn’t shown any significant rise or fall compared to the previous day.
Here’s how silver prices are performing in various cities across India:
Silver Price in Major Cities
- Chennai: ₹110,600 per kg
- Bangalore: ₹102,500 per kg
- Hyderabad: ₹111,200 per kg
- Visakhapatnam: ₹109,600 per kg
- Vijayawada: ₹112,000 per kg
Price Stability
Silver prices have remained steady over the past few days. While silver is less volatile than gold in terms of price changes, it’s important to monitor these fluctuations if you are considering making a large purchase or investment.
Price Movement Over the Last Week
Over the past week, silver prices have seen minor fluctuations but have remained largely stable with very little change.
Factors Affecting Gold and Silver Prices
Gold and silver prices are subject to multiple influences, both on the global and domestic fronts. These include:
1. Global Demand for Precious Metals
The demand for gold and silver worldwide plays a significant role in determining their prices. Global economic conditions, including inflation rates, currency value fluctuations, and geopolitical events, have a profound effect on the demand for precious metals.
2. Currency Fluctuations
The value of the US Dollar against other currencies impacts the attractiveness of gold and silver. A stronger dollar makes these metals less appealing to investors, while a weaker dollar generally increases demand for gold and silver as safe-haven investments.
3. Interest Rates
Higher interest rates often result in lower gold and silver prices, as investors shift their capital to other financial instruments that offer better returns. On the other hand, when interest rates are lower, precious metals become a more attractive investment option.
4. Government Policies and Regulations
Changes in government regulations regarding the trade of gold and silver also impact their prices. Import duties, taxes, and changes in regulations can either push prices up or down based on the supply and demand dynamics within the country.
5. Global and Economic Events
Global events like wars, pandemics, or financial crises can lead to price increases in gold and silver, as investors often seek to secure their wealth in tangible assets during uncertain times.
Investment Insights: Should You Buy Gold or Silver?
Gold and silver are long-standing favorites for those seeking to diversify their investment portfolios. However, their prices can fluctuate based on various economic and geopolitical factors. Understanding these market dynamics can help you make an informed decision.
Gold as an Investment
Gold has always been seen as a safe-haven investment, especially during times of economic instability. It is often favored over silver due to its long-term value retention and its role as a hedge against inflation.
Silver as an Investment
Silver, while volatile, is also considered a good investment, especially for those with a short-term horizon. Silver tends to follow the trends of gold but at a faster rate, both upwards and downwards. It is more affordable than gold, which makes it an attractive option for those looking to invest in precious metals without spending large amounts of money upfront.
As the price of gold and silver can fluctuate daily, it is important to stay updated on the latest market trends. Whether you’re investing in gold coins, jewelry, or silver bars, understanding the current prices will help you make the best decision.
If you’re looking for real-time updates on gold and silver prices in India, make sure to check reliable sources and financial websites like Live Mint for accurate, up-to-date information.