Gold has always been an integral part of Indian culture, serving both as a form of investment and a symbol of tradition. With fluctuating global market trends, keeping track of gold prices is essential for buyers and investors alike. In this article, we will provide the latest gold rates in India, including key cities and Kerala, along with insights into factors influencing these prices.
Gold Rates in Major Indian Cities (January 29, 2025)
The gold rates in India vary from city to city. Below are the latest prices of gold in some of the major cities:
- In Delhi, the price of 22-Karat gold is ₹7,524 per gram, while 24-Karat gold is priced at ₹8,207 per gram.
- Mumbai, Chennai, Bengaluru, Kolkata, and Hyderabad have similar rates, with 22-Karat gold at ₹7,509 per gram and 24-Karat gold at ₹8,192 per gram.
- In Ahmedabad and Lucknow, 22-Karat gold is available at ₹7,514 per gram, whereas 24-Karat gold costs ₹8,197 per gram.
- Indore has slightly higher rates, with 22-Karat gold at ₹7,515 per gram and 24-Karat gold at ₹8,198 per gram.
Gold Rate in Kerala Today
Kerala has a high demand for gold, especially during festivals and weddings. As of January 29, 2025, the gold rate in Kerala is:
- 22-Karat Gold: ₹7,555 per gram
- 24-Karat Gold: ₹8,230 per gram
Factors Influencing Gold Prices in India
Several factors contribute to the daily fluctuations in gold prices in India, including:
- Global Market Trends: International gold prices are directly linked to India's gold rates. Any change in the global economy, inflation, or geopolitical events can impact gold prices.
- Currency Exchange Rates: The value of the Indian rupee against the US dollar plays a crucial role in determining gold prices in India.
- Inflation and Interest Rates: Higher inflation rates and lower interest rates generally push gold prices higher as investors seek stable assets.
- Government Policies & Import Duties: India imports a significant amount of gold, and changes in import duties or government policies can directly affect prices.
- Festive and Wedding Season Demand: Gold demand surges during festivals like Diwali and Akshaya Tritiya, as well as during the wedding season, leading to price fluctuations.
Is Now a Good Time to Invest in Gold?
With market trends showing fluctuations, many investors wonder whether it is the right time to buy gold. Experts suggest monitoring gold rates regularly and purchasing during price dips for long-term investment benefits.
Conclusion
Staying updated with gold prices is crucial for buyers and investors alike. With changing market dynamics, it’s always advisable to check the latest rates from reliable sources before making a purchase. If you're planning to invest in gold or buy jewelry, keep an eye on the daily price trends to make informed decisions.
For the most accurate and updated gold prices, consult with your local jeweler or refer to trusted financial websites.
Stay tuned for daily updates on gold prices in India and Kerala!
