KKN Gurugram Desk | Gold and silver prices saw fluctuations on February 7, 2025, with gold prices increasing slightly and silver prices declining marginally. The price of 10 grams of 24-carat gold in Delhi stood at ₹86,693, while 1 kg of silver was priced at ₹1,02,500.
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Gold prices saw an increase of ₹270 per gram for 24-carat gold, while 22-carat gold rose by ₹250 per gram. Meanwhile, silver prices dropped by ₹200 per kg.
Gold Price Trends Over the Last Month
The fluctuation in 24-carat gold prices over the past week recorded a -1.02% change, whereas the monthly change stood at -7.47%.
Gold and Silver Prices in Major Southern Cities
Gold Rates in South India
Gold prices vary across major cities in South India, reflecting regional demand and supply trends. Here are the latest gold prices:
- Chennai: ₹86,541 per 10 grams
- Bangalore: ₹86,535 per 10 grams
- Hyderabad: ₹86,549 per 10 grams
- Visakhapatnam: ₹86,557 per 10 grams
- Vijayawada: ₹86,555 per 10 grams
Silver Prices in South Indian Cities
Silver rates also experienced fluctuations, with some cities witnessing an increase while others saw a minor dip. Here’s the current silver price in major South Indian cities:
- Chennai: ₹1,09,600 per kg
- Bangalore: ₹1,01,500 per kg
- Hyderabad: ₹1,10,200 per kg
- Visakhapatnam: ₹1,08,800 per kg
- Vijayawada: ₹1,11,200 per kg
Gold and Silver Market Trends in India
Gold and silver prices are subject to constant fluctuations due to global and domestic market influences. Here are some key factors affecting the prices of these precious metals:
Factors Affecting Gold and Silver Prices
1. Global Demand for Precious Metals
The demand for gold and silver in international markets significantly impacts their prices in India. Countries with high gold consumption, such as China, the US, and India, contribute to market trends.
2. Currency Exchange Rates
Gold and silver prices are linked to currency fluctuations, especially the US dollar’s value. A stronger US dollar can lower gold prices, while a weaker dollar often pushes prices up.
3. Interest Rates and Inflation
Higher interest rates tend to make gold and silver less attractive, as they do not generate interest income. However, during inflationary periods, gold and silver are considered safe-haven assets, leading to increased demand.
4. Government Regulations and Import Duties
Changes in government policies, including import duties on gold and silver, significantly impact their retail prices in India. Policies introduced by the Reserve Bank of India (RBI) and central banks worldwide can also influence market prices.
5. Geopolitical and Economic Events
Political instability, economic downturns, and major global crises impact investor confidence, pushing many to invest in gold and silver as safe assets. Events like wars, recessions, and stock market crashes lead to a spike in gold and silver prices.
6. Seasonal and Festive Demand in India
India sees higher demand for gold during festive seasons like Diwali, Dhanteras, Akshaya Tritiya, and wedding seasons. Increased demand drives temporary price hikes in the market.
Investment Trends: Should You Invest in Gold or Silver?
Gold as a Safe-Haven Asset
Gold is a long-term investment with stable returns. Many investors buy gold coins, bars, and digital gold as a hedge against inflation.
Silver as an Industrial and Investment Asset
Silver has both industrial and investment demand. It is used in electronics, solar panels, and medical devices, making it a high-demand commodity. Investors looking for short-term gains often turn to silver.
Should You Buy Gold or Silver Now?
With the current fluctuations, experts recommend closely monitoring global and domestic economic indicators before making investment decisions.
- If inflation continues to rise, gold prices may see further growth.
- If the stock market remains stable, silver prices may correct slightly due to lower industrial demand.
Where to Check the Latest Gold and Silver Prices?
For real-time updates on gold and silver rates in India, investors and buyers can:
- Visit jewelry stores and check their daily price updates.
- Refer to commodity exchange markets like MCX (Multi Commodity Exchange of India).
- Follow financial news portals for live price trends.
Gold prices in India have seen a slight increase, whereas silver prices have dipped marginally. Global economic conditions, currency exchange rates, and inflation trends continue to shape market movements.
Investors should analyze market trends, global demand, and economic policies before making major investment decisions in gold or silver. With festive seasons and economic fluctuations ahead, the precious metals market is expected to remain dynamic in the coming months.
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