KKN Gurugram Desk | If you’re planning to buy gold or silver today, April 20, 2025, especially for an upcoming wedding or function, it’s important to check the latest market prices before heading to the jeweler. The prices of gold and silver have seen fluctuations in the third week of April, and the current trends show gold prices around ₹97,000 per 10 grams and silver prices touching ₹1 lakh per kilogram. Here’s a detailed breakdown of the gold and silver rates across major cities in India today.
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Gold and Silver Prices: April 20, 2025
Today, gold prices are experiencing fluctuations in various cities across India. The rates for 22-carat and 24-carat gold, as well as silver, have been updated as follows:
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22-carat gold price: ₹89,600 per 10 grams
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24-carat gold price: ₹97,730 per 10 grams
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Silver price: ₹1,00,000 per kilogram
These are the trending rates for the current day, which can vary slightly depending on the city and the jeweler you visit.
Gold Rates in Different Cities of India
The price of gold can vary depending on the city and the type of gold you are purchasing. Here is a list of the gold prices for different cities across India as of today:
18-Carat Gold Rates
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Delhi Sarafa Market: ₹73,310 per 10 grams
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Kolkata and Mumbai Sarafa Market: ₹73,190 per 10 grams
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Indore and Bhopal: ₹73,230 per 10 grams
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Chennai Sarafa Market: ₹74,050 per 10 grams
22-Carat Gold Rates
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Bhopal and Indore: ₹89,500 per 10 grams
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Jaipur, Lucknow, Delhi: ₹89,600 per 10 grams
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Hyderabad, Kerala, Kolkata, Mumbai: ₹89,450 per 10 grams
24-Carat Gold Rates
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Bhopal and Indore: ₹97,360 per 10 grams
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Delhi, Jaipur, Lucknow, Chandigarh: ₹97,460 per 10 grams
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Hyderabad, Kerala, Bengaluru, Mumbai: ₹97,310 per 10 grams
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Chennai Sarafa Market: ₹97,310 per 10 grams
Silver Prices Across India
Silver prices are also experiencing a surge, with one kilogram of silver currently priced at ₹1,00,000 in most major markets, including Delhi, Mumbai, Jaipur, Kolkata, Ahmedabad, and Lucknow. However, in cities like Chennai, Madurai, Hyderabad, and Kerala, silver is priced slightly higher at ₹1,10,000 per kilogram.
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Delhi, Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai: ₹1,00,000 per kg
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Chennai, Madurai, Hyderabad, Kerala: ₹1,10,000 per kg
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Bhopal and Indore: ₹1,00,000 per kg
Gold Purity: How to Check the Purity of Gold
If you’re concerned about the purity of gold, it’s important to understand the different carat values and their purity levels. In India, the purity of gold is generally indicated through the carat system, with 24-carat gold being the purest form. Here’s how to identify the purity of gold:
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24-carat gold: 99.9% pure
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22-carat gold: Approximately 91% pure
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18-carat gold: 75% pure
For example, 24-carat gold has a purity of 1.0 (24/24 = 1.00), and 22-carat gold has a purity of 0.916 (22/24 = 0.916).
In addition, gold jewelry typically has stamps or markings on it that indicate the carat value:
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24-carat gold will be stamped with “999”
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23-carat gold will be stamped with “958”
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22-carat gold will be stamped with “916”
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21-carat gold will be stamped with “875”
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18-carat gold will be stamped with “750”
It’s important to note that while 24-carat gold is considered pure, it is typically not used for making jewelry. Therefore, most jewelers offer 18, 20, or 22-carat gold, which has a mixture of other metals such as copper, silver, and zinc to make it suitable for jewelry crafting.
Why Gold and Silver Prices Fluctuate?
The prices of gold and silver are constantly changing due to various factors such as:
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Global Market Trends: Gold and silver are traded globally, and their prices are influenced by international supply and demand. The prices fluctuate based on geopolitical events, economic indicators, and global market conditions.
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Rupee-Dollar Exchange Rate: Since gold is traded internationally in dollars, the fluctuation in the exchange rate between the Indian Rupee and the US Dollar affects the price of gold in India. A weaker rupee leads to higher gold prices, and a stronger rupee results in lower prices.
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Demand and Supply: The demand for gold, especially during festivals, weddings, and other auspicious occasions, can drive up the prices. Similarly, silver demand during industrial use or festive times can influence its price.
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Government Policies: Import duties and taxes on gold and silver also play a role in determining their prices. Any changes in these policies can lead to price variations.
What Affects Gold Prices in India?
In India, the price of gold is significantly influenced by local factors. Some of the primary factors that contribute to fluctuations in gold prices in India include:
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Festive Seasons and Weddings: Gold is considered an important part of Indian culture, especially during festivals and weddings. The high demand during these times can lead to an increase in gold prices.
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Inflation and Economic Conditions: In times of economic instability or high inflation, people often invest in gold as a safe haven, leading to an increase in demand and consequently, the prices.
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Interest Rates: Gold is a non-yielding asset, which means that its price tends to rise when interest rates are low. Investors prefer gold when returns from other assets, such as bonds and savings accounts, are low.
Is It the Right Time to Buy Gold and Silver?
Given the current prices of gold and silver, many potential buyers may be wondering whether it is the right time to invest in these precious metals. If you are planning to buy gold or silver as an investment, it’s important to consider the following:
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Long-term Investment: Gold and silver have historically been seen as long-term investments. If you are purchasing gold or silver for future security, then the current prices might be suitable, especially if you do not plan on selling immediately.
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Seasonal Trends: Gold prices often increase around festival times and wedding seasons. If you are planning to buy for a wedding or special event, it is important to keep an eye on these trends to get the best deal.
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Market Timing: Gold and silver prices can fluctuate, so it’s crucial to buy when prices are relatively stable or lower. This may require you to monitor the market consistently for a period of time.
Before making a purchase, it is crucial to stay informed about the latest trends in gold and silver prices. Whether you are buying for investment purposes or a personal event, knowing the current prices and understanding the factors that influence these prices will help you make an informed decision.
As of today, April 20, 2025, the prices of gold and silver in India are seeing fluctuations, and the rates are trending at ₹97,000 for gold and ₹1,00,000 for silver. It is advisable to check the latest market trends regularly, especially if you’re planning to make a significant purchase. Keep an eye on global economic factors, as well as local market trends, to ensure you get the best value for your money.
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