26.7 C
New York
Saturday, June 21, 2025
spot_img

Latest Rates in India – goldsilverpress

As we step into the new year, the precious metals market continues to capture the attention of investors and consumers alike. On January 11, 2025, gold prices in India have shown a modest increase, reflecting ongoing trends in the global market. This article delves into the current rates of gold and silver, regional variations, and the factors influencing these prices.

Current Gold Prices

On this Saturday, the cost of 24-carat gold in India stands at ₹7965.3 per gram, marking an increase of ₹270.0 from previous rates. Meanwhile, 22-carat gold is priced at ₹7303.3 per gram, which is up by ₹250.0. These fluctuations indicate a responsive market, adjusting to various economic factors.

Weekly and Monthly Trends

Over the past week, the price of 24-carat gold has seen a slight decline of -0.15%, while the monthly change reflects a modest increase of 0.8%. Such trends are essential for investors to monitor, as they can signal potential future movements in the market.

Current Silver Prices

In addition to gold, silver prices have also experienced a notable rise. The current price of silver in India is ₹96700.0 per kg, reflecting an increase of ₹1200.0 per kg. This surge in silver prices is indicative of the metal’s growing demand and its status as a safe-haven asset.

Regional Gold Rates

Gold prices can vary significantly across different cities in India. Here’s a snapshot of the current rates in some major cities:

Gold Rate in Chennai

Current Rate: ₹79501.0/10 grams
Previous Day (Jan 10): ₹78851.0/10 grams
Last Week (Jan 5): ₹78731.0/10 grams

Gold Rate in Bangalore

Current Rate: ₹79495.0/10 grams
Previous Day (Jan 10): ₹78845.0/10 grams
Last Week (Jan 5): ₹78725.0/10 grams

Gold Rate in Hyderabad

Current Rate: ₹79509.0/10 grams
Previous Day (Jan 10): ₹78859.0/10 grams
Last Week (Jan 5): ₹78739.0/10 grams

Gold Rate in Visakhapatnam

Current Rate: ₹79517.0/10 grams
Previous Day (Jan 10): ₹78867.0/10 grams
Last Week (Jan 5): ₹78747.0/10 grams

Gold Rate in Vijayawada

Current Rate: ₹79515.0/10 grams
Previous Day (Jan 10): ₹78865.0/10 grams
Last Week (Jan 5): ₹78745.0/10 grams

Regional Silver Prices

Silver prices also show regional variations, reflecting local demand and market conditions. Here’s a look at the current silver prices in key cities:

Silver Prices in Chennai

Current Price: ₹103800.0/Kg
Previous Day (Jan 10): ₹102600.0/Kg
Last Week (Jan 5): ₹101700.0/Kg

Silver Prices in Bangalore

Current Price: ₹95700.0/Kg
Previous Day (Jan 10): ₹94500.0/Kg
Last Week (Jan 5): ₹93600.0/Kg

Silver Prices in Hyderabad

Current Price: ₹104400.0/Kg
Previous Day (Jan 10): ₹103200.0/Kg
Last Week (Jan 5): ₹102300.0/Kg

Silver Prices in Visakhapatnam

Current Price: ₹102800.0/Kg
Previous Day (Jan 10): ₹101600.0/Kg
Last Week (Jan 5): ₹100700.0/Kg

Silver Prices in Vijayawada

Current Price: ₹105200.0/Kg
Previous Day (Jan 10): ₹104000.0/Kg
Last Week (Jan 5): ₹103100.0/Kg

Factors Affecting Gold and Silver Prices

The prices of gold and silver are influenced by a myriad of factors, both domestic and international. Understanding these can provide insights into market trends:

Global Demand: The overall demand for gold and silver worldwide significantly impacts their prices. Increased demand often leads to higher prices.

Currency Fluctuations: Changes in the value of currencies, particularly the US dollar, can affect the attractiveness of gold and silver as investments. A stronger dollar typically makes these metals more expensive for foreign investors.

Interest Rates: Higher interest rates can diminish the appeal of gold and silver, as they do not yield interest income. Conversely, lower rates can boost demand.

Government Regulations: Policies and regulations related to the gold and silver trade can influence market prices. Restrictions or tariffs can lead to price increases.

World Events: Economic conditions, geopolitical tensions, and other global factors can create uncertainty, driving investors toward precious metals as safe-haven assets.

Conclusion

As of January 11, 2025, the gold and silver markets in India reflect a dynamic landscape, with prices showing modest increases amid fluctuating demand and economic conditions. Investors and consumers should stay informed about these trends and the factors influencing them to make educated decisions in their investments. Whether for personal adornment or as a financial asset, gold and silver continue to hold significant value in the Indian market.

This article serves as a snapshot of the current market situation, and as always, it is advisable to consult with financial experts or jewelers for personalized insights and advice.

Related Articles

spot_img

Latest Articles

bitcoin
Bitcoin (BTC) $ 103,648.77
ethereum
Ethereum (ETH) $ 2,428.22
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.13
bnb
BNB (BNB) $ 644.90
solana
Solana (SOL) $ 140.55
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.273432
dogecoin
Dogecoin (DOGE) $ 0.163404
staked-ether
Lido Staked Ether (STETH) $ 2,428.21
cardano
Cardano (ADA) $ 0.585321
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,531.74
hyperliquid
Hyperliquid (HYPE) $ 34.54
wrapped-steth
Wrapped stETH (WSTETH) $ 2,927.60
sui
Sui (SUI) $ 2.74
bitcoin-cash
Bitcoin Cash (BCH) $ 468.28
chainlink
Chainlink (LINK) $ 12.68
leo-token
LEO Token (LEO) $ 8.89
stellar
Stellar (XLM) $ 0.243529
avalanche-2
Avalanche (AVAX) $ 17.57
the-open-network
Toncoin (TON) $ 2.93
usds
USDS (USDS) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 49.06
shiba-inu
Shiba Inu (SHIB) $ 0.000011
weth
WETH (WETH) $ 2,429.92
wrapped-eeth
Wrapped eETH (WEETH) $ 2,599.72
litecoin
Litecoin (LTC) $ 83.63
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999385
hedera-hashgraph
Hedera (HBAR) $ 0.145118
monero
Monero (XMR) $ 317.44
ethena-usde
Ethena USDe (USDE) $ 1.00
polkadot
Polkadot (DOT) $ 3.45
bitget-token
Bitget Token (BGB) $ 4.26
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,723.79
pepe
Pepe (PEPE) $ 0.00001
uniswap
Uniswap (UNI) $ 7.05
pi-network
Pi Network (PI) $ 0.542438
aave
Aave (AAVE) $ 247.88
dai
Dai (DAI) $ 1.00
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
okb
OKB (OKB) $ 51.98
bittensor
Bittensor (TAO) $ 341.70
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
aptos
Aptos (APT) $ 4.34
crypto-com-chain
Cronos (CRO) $ 0.087898
internet-computer
Internet Computer (ICP) $ 4.97
susds
sUSDS (SUSDS) $ 1.06
near
NEAR Protocol (NEAR) $ 2.09
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 170.16
ethereum-classic
Ethereum Classic (ETC) $ 16.19
en_USEnglish