KKN Gurugram Desk | As the world celebrates Valentine’s Week, today marks Kiss Day, and if you are considering buying gold or silver, it’s essential to know the latest market prices. With fluctuations in prices, especially ahead of the Valentine’s Day, the rates have seen a notable increase. On February 13, 2025, gold prices have surged by ₹400 per 10 grams, while silver prices remain relatively stable. The current prices suggest that gold has crossed ₹87,000, and silver is trending close to ₹99,000.
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Let’s take a look at the latest gold and silver rates across major cities in India. Whether you’re interested in 18, 22, or 24-carat gold, this article will provide you with a detailed breakdown of the market trends.
Gold and Silver Price Update for February 13, 2025
The gold market witnessed a significant rise today, as 10 grams of gold saw an increase of ₹400. As per the updated figures, the price of 22-carat gold is ₹79,950, 24-carat gold is ₹87,200, and 18-carat gold is ₹65,420 per 10 grams. Meanwhile, the price of 1 kilogram of silver stands at ₹99,500.
Gold Rates Across Major Cities in India
18-Carat Gold Rate Today:
- Delhi: ₹65,420 per 10 grams
- Kolkata and Mumbai: ₹65,290 per 10 grams
- Indore and Bhopal: ₹65,330 per 10 grams
- Chennai: ₹65,800 per 10 grams
22-Carat Gold Rate Today:
- Bhopal and Indore: ₹79,850 per 10 grams
- Jaipur, Lucknow, and Delhi: ₹79,950 per 10 grams
- Hyderabad, Kerala, Kolkata, and Mumbai: ₹79,800 per 10 grams
24-Carat Gold Rate Today:
- Bhopal and Indore: ₹87,100 per 10 grams
- Delhi, Jaipur, Lucknow, and Chandigarh: ₹87,200 per 10 grams
- Hyderabad, Kerala, Bengaluru, and Mumbai: ₹87,050 per 10 grams
- Chennai: ₹87,050 per 10 grams
Silver Rates Across Major Cities
Silver Price Today:
- Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi: ₹99,500 per kilogram
- Chennai, Madurai, Hyderabad, and Kerala: ₹1,07,000 per kilogram
- Bhopal and Indore: ₹99,500 per kilogram
Understanding Gold Purity and Hallmarking
When buying gold, understanding its purity is crucial to ensure you’re getting the right value for your money. The Indian Standard Organization (ISO) provides a hallmark to verify the authenticity and purity of gold. Here’s a breakdown of the purity levels and their corresponding hallmark:
- 24-Carat Gold: This is the purest form of gold, with a purity of 99.9%. It’s often used for investment purposes and is available in the form of coins and bars. However, 24-carat gold is not typically used for jewelry making as it is too soft for everyday wear.
- 22-Carat Gold: This gold has a purity of 91.6%. It’s the most popular choice for making jewelry due to its balance of purity and durability. 22-carat gold jewelry is often mixed with other metals like copper or silver to strengthen it.
- 18-Carat Gold: This contains 75% pure gold and is commonly used for more affordable jewelry options.
Why the Rise in Gold Prices?
Gold is often seen as a safe investment, particularly in times of economic uncertainty. The rise in gold prices on February 13, 2025, can be attributed to several factors:
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Global Economic Uncertainty: The world has been experiencing significant political and economic fluctuations. Investors tend to buy gold during uncertain times, which drives its price up.
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Demand Ahead of Valentine’s Day: As Valentine’s Day approaches, the demand for gold jewelry increases. Many people buy gold as gifts for their loved ones, leading to higher demand and, consequently, higher prices.
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International Gold Market Trends: The price of gold is also influenced by global market trends, including the US dollar, interest rates, and geopolitical tensions. When the dollar weakens or geopolitical issues arise, gold tends to become a more attractive investment.
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Inflation: In times of high inflation, investors often flock to gold as a hedge against currency devaluation. This increases demand and, in turn, drives up prices.
How to Buy Gold and Silver in India
If you’re planning to buy gold or silver during this price surge, here are some essential tips to keep in mind:
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Choose a Reputable Dealer: Always buy gold and silver from a trusted and certified jeweler. Ensure that the gold has a proper hallmark, as this guarantees its purity.
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Check for Hallmarking: Hallmarking is a certification process that ensures the purity of gold. In India, all gold jewelry must have the hallmark of the Bureau of Indian Standards (BIS). This is crucial to verify the authenticity of your purchase.
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Understand the Making Charges: Apart from the gold price, jewelers usually add making charges, which can vary based on the design and craftsmanship. Be sure to ask about these charges before making a purchase.
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Gold Coins and Bars: If you are looking to buy gold for investment purposes, coins and bars are a good option. They come with a high level of purity, and you can easily track their value in the market.
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Silver for Investment: Silver is also an attractive option for investment. It is relatively more affordable than gold and can be bought in the form of coins, bars, or jewelry.
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Avoid Impulsive Buying: While gold and silver can be great investments, it’s essential to keep an eye on the market trends. Don’t make hasty decisions, and always buy when prices are favorable.
The Impact of Gold and Silver Prices on the Economy
The fluctuations in gold and silver prices have a broader impact on the economy, especially in countries like India, where gold plays a significant role in financial investments. Higher gold prices can affect consumer spending habits, as gold purchases typically contribute to the festive and wedding seasons.
Gold as an Investment Asset: Over the years, gold has been one of the safest investment assets. When the stock market is volatile, investors look toward gold for stability. The Indian gold market is massive, and the price changes can influence the overall economy.
Silver as an Investment: Silver, while more affordable than gold, is also considered a hedge against inflation and a store of value. It has industrial applications and is seen as a valuable asset in economic downturns.
As Valentine’s Day approaches, the surge in gold and silver prices presents an opportunity for those looking to invest in these precious metals. Whether you are buying gold jewelry as a gift or investing in gold coins or bars, it’s essential to stay updated on the latest market trends. Today’s gold prices have crossed ₹87,000, while silver is close to ₹1 lakh per kilogram.
Before making any purchase, it’s crucial to understand the purity of gold, choose a reputable dealer, and check for hallmarking. With the ongoing economic uncertainties and high demand for gold, it’s advisable to make an informed decision.
As always, investing in gold and silver can be a smart financial move, but it’s important to keep an eye on market dynamics and ensure that you are getting the best deal possible.
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