As Maha Shivratri approaches, many individuals are considering investing in gold and silver. The market has seen significant fluctuations, and understanding the current rates is crucial for making informed purchasing decisions. As of February 17, 2025, the price of gold has surged beyond ₹86,000 per 10 grams, while silver is trading above ₹1,00,000 per kilogram. This article provides a comprehensive breakdown of gold and silver prices across various cities in India, along with insights into market trends and tips for potential buyers.
Current Market Overview
The gold and silver market is experiencing notable fluctuations as we head into March. On February 17, 2025, gold prices increased by ₹550 per 10 grams, while silver prices remained relatively stable. Understanding these changes is essential for anyone looking to invest in these precious metals.
Latest Gold Prices (Per 10 Grams)
22K Gold Price: ₹79,550
24K Gold Price: ₹86,770
18K Gold Price: ₹65,090
Latest Silver Price (Per Kg)
City-wise Gold and Silver Prices
To help you navigate the current market, here’s a detailed look at gold and silver prices in major Indian cities.
Gold Rates in Major Cities
18K Gold Price Today (Per 10 Grams)
Delhi: ₹65,090
Mumbai & Kolkata: ₹64,970
Bhopal & Indore: ₹65,010
Chennai: ₹65,350
22K Gold Price Today (Per 10 Grams)
Bhopal & Indore: ₹79,450
Delhi, Jaipur, Lucknow: ₹79,550
Hyderabad, Kerala, Mumbai, Kolkata: ₹79,400
24K Gold Price Today (Per 10 Grams)
Bhopal & Indore: ₹86,670
Delhi, Jaipur, Chandigarh, Lucknow: ₹86,770
Hyderabad, Kerala, Bengaluru, Mumbai: ₹86,620
Chennai: ₹86,620
Silver Price Today in Major Indian Cities (Per Kg)
Delhi, Mumbai, Kolkata, Ahmedabad, Jaipur, Lucknow: ₹1,00,500
Chennai, Madurai, Hyderabad, Kerala: ₹1,07,000
Bhopal & Indore: ₹1,00,500
Importance of Checking Purity Before Purchasing
Before investing in gold jewelry, coins, or bars, it’s vital to verify the purity of the gold you are purchasing. This is where Hallmark Certification comes into play.
Gold Purity Standards in India (Hallmarking Guide)
24K Gold: 99.9% pure (Hallmark: 999)
22K Gold: 91.6% pure (Hallmark: 916)
21K Gold: 87.5% pure (Hallmark: 875)
18K Gold: 75% pure (Hallmark: 750)
How to Identify Pure Gold?
Check for the BIS Hallmark: This is an official certification by the Bureau of Indian Standards (BIS).
Verify the Gold Karat (K): 24K is the purest, while 22K and 18K are commonly used for jewelry.
Understand Gold Jewelry Composition: 22K gold contains 9% other metals (like copper or silver), making it more durable.
Factors Influencing Gold and Silver Prices
The prices of gold and silver are influenced by various factors, including:
1. International Gold Market Trends
Gold prices are heavily dependent on global demand and supply. An increase in demand in international markets can lead to higher domestic rates.
2. Inflation and Economic Uncertainty
Gold is often viewed as a safe-haven asset. During periods of inflation or economic instability, investors tend to flock to gold, driving up its price.
3. Fluctuation in the Indian Rupee
As gold is primarily imported, fluctuations in the INR-USD exchange rate can significantly impact prices in India. A weaker rupee typically results in higher gold prices.
4. Central Bank Gold Reserves
When central banks, such as the Reserve Bank of India (RBI), increase their gold reserves, it can lead to a rise in gold prices.
5. Demand for Gold During Festivals and Weddings
In India, the demand for gold surges during festive seasons and weddings, contributing to price increases.
Best Time to Buy Gold and Silver in 2025
If you’re considering investing in gold or silver, timing is crucial. Here are some tips to help you make the best purchase:
Buy During Price Dips: Monitor market trends and purchase when prices drop.
Festival Offers: Many jewelers provide discounts during festive occasions like Dhanteras and Akshaya Tritiya.
Check for Making Charges: Always compare making charges before buying jewelry.
Consider Gold ETFs or Digital Gold: If you prefer not to buy physical gold, explore Gold ETFs or Digital Gold investment options.
How to Check Gold and Silver Prices Daily
Staying updated on daily gold and silver rates is essential for making informed decisions. Here are some ways to check prices:
Jewelry Stores: Visit local jewelers or bullion traders for the latest rates.
Online Portals: Websites like the Indian Bullion and Jewellers Association (IBJA) provide live updates.
Bank Rates: Some banks offer real-time updates for gold loans and investments.
News Websites: Financial news platforms often report on market trends.
Conclusion
The gold and silver market remains highly volatile, making it essential to monitor price movements before making a purchase. Gold is a long-term investment, and prices generally trend upward over time. If you’re buying gold for festive, wedding, or investment purposes, ensure that you check:
Real-time prices
Gold purity and Hallmark certification
Making charges and additional costs
Gold and silver continue to be safe investments, providing stability during economic fluctuations. Stay tuned for daily updates to make informed decisions about your investments.
📌 For the latest updates on gold, silver, and financial news, visit KKNLive.com!
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