As we celebrate Valentine’s Day, the precious metals market has shown some interesting movements. On February 14, 2025, gold prices experienced a modest increase, reflecting a dynamic market influenced by various factors. The cost of 24-carat gold in India is currently ₹8723.3 per gram, marking an increase of ₹400.0. Meanwhile, the price of 22-carat gold stands at ₹7998.3 per gram, which is up by ₹420.0.
Weekly and Monthly Price Trends
The price fluctuation of 24-carat gold over the past week has been recorded at -1.02%, while the monthly change reflects a more significant decline of -8.35%. Such fluctuations are not uncommon in the precious metals market, where prices can be influenced by a myriad of factors, including global demand, currency fluctuations, and geopolitical events.
In contrast, the current price of silver in India remains stable at ₹102500.0 per kg, showing no change from previous days. This stability in silver prices can be attributed to consistent demand and supply dynamics in the market.
Gold Rates and Silver Prices in South Cities
Top 5 South Cities for Gold Rates in India
The gold rates vary across different cities in South India. Here’s a snapshot of the current gold prices in some major cities:
Gold Rate in Chennai
In Chennai, the gold rate today is ₹87081.0 for 10 grams. This is a slight decrease from yesterday’s rate of ₹87411.0 and a notable increase from last week’s price of ₹86521.0.
Gold Rate in Bangalore
Bangalore’s gold rate today stands at ₹87075.0 for 10 grams, down from ₹87405.0 yesterday and up from ₹86515.0 last week.
Gold Rate in Hyderabad
In Hyderabad, the gold rate is ₹87089.0 for 10 grams. This reflects a decrease from ₹87419.0 yesterday and an increase from ₹86529.0 last week.
Gold Rate in Visakhapatnam
Visakhapatnam sees a gold rate of ₹87097.0 for 10 grams, down from ₹87427.0 yesterday and up from ₹86537.0 last week.
Gold Rate in Vijayawada
Vijayawada’s gold rate today is ₹87095.0 for 10 grams, down from ₹87425.0 yesterday and up from ₹86535.0 last week.
Top 5 South Cities for Silver Rates in India
Silver prices also vary across South Indian cities, reflecting local demand and market conditions.
Silver Prices in Chennai
In Chennai, silver prices today are ₹109600.0 per kg, unchanged from both yesterday and last week.
Silver Prices in Bangalore
Bangalore’s silver price remains at ₹101500.0 per kg, consistent with the previous days.
Silver Prices in Hyderabad
Hyderabad sees silver prices at ₹110200.0 per kg, stable compared to the last week.
Silver Prices in Visakhapatnam
In Visakhapatnam, silver prices are ₹108600.0 per kg, showing no change from previous days.
Silver Prices in Vijayawada
Vijayawada’s silver price today is ₹111000.0 per kg, remaining unchanged from the previous week.
Factors Affecting Gold Rates and Silver Prices
The prices of gold and silver are influenced by a variety of factors, both domestic and international. Some of the key influences include:
Global Demand: The overall demand for gold and silver worldwide plays a significant role in price changes. Increased demand can drive prices up, while decreased demand can lead to declines.
Currency Fluctuations: Changes in the value of currencies, particularly the US dollar, relative to other currencies can affect the attractiveness of gold and silver as investments.
Interest Rates: Higher interest rates can make gold and silver less attractive as investments since they do not yield interest income.
Government Regulations: Policies and regulations related to the gold and silver trade can significantly impact prices.
World Events: Economic conditions, geopolitical events, and other global factors can influence the demand for and price of precious metals.
Insights from Jewelers
Jewelers, as experts in the precious metals industry, can provide valuable insights into market trends and potential price movements. Their experience and knowledge can help consumers make informed decisions regarding their investments in gold and silver.
For those interested in checking the gold prices in major cities across North India, click here.
This article aims to provide a comprehensive overview of the current gold and silver prices in India, particularly focusing on the southern cities. As the market continues to evolve, staying informed about these fluctuations is crucial for investors and consumers alike.
For the latest updates on business news, market trends, and breaking news, visit Live Mint. Download the Mint News App for daily market updates and insights.
English 