-1.9 C
New York
Saturday, February 8, 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) $ 95,960.71
ethereum
Ethereum (ETH) $ 2,607.19
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.39
solana
Solana (SOL) $ 193.77
bnb
BNB (BNB) $ 596.76
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.248952
cardano
Cardano (ADA) $ 0.688833
staked-ether
Lido Staked Ether (STETH) $ 2,601.30
tron
TRON (TRX) $ 0.230478
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,609.62
chainlink
Chainlink (LINK) $ 18.07
wrapped-steth
Wrapped stETH (WSTETH) $ 3,104.46
avalanche-2
Avalanche (AVAX) $ 24.25
stellar
Stellar (XLM) $ 0.325826
the-open-network
Toncoin (TON) $ 3.74
shiba-inu
Shiba Inu (SHIB) $ 0.000016
sui
Sui (SUI) $ 2.96
leo-token
LEO Token (LEO) $ 9.84
hedera-hashgraph
Hedera (HBAR) $ 0.230956
usds
USDS (USDS) $ 1.00
litecoin
Litecoin (LTC) $ 102.65
hyperliquid
Hyperliquid (HYPE) $ 23.03
bitget-token
Bitget Token (BGB) $ 6.33
weth
WETH (WETH) $ 2,604.42
polkadot
Polkadot (DOT) $ 4.58
bitcoin-cash
Bitcoin Cash (BCH) $ 318.76
ethena-usde
Ethena USDe (USDE) $ 1.00
mantra-dao
MANTRA (OM) $ 5.83
uniswap
Uniswap (UNI) $ 8.90
wrapped-eeth
Wrapped eETH (WEETH) $ 2,758.22
ondo-finance
Ondo (ONDO) $ 1.33
whitebit
WhiteBIT Coin (WBT) $ 27.22
pepe
Pepe (PEPE) $ 0.000009
monero
Monero (XMR) $ 208.77
near
NEAR Protocol (NEAR) $ 3.23
aave
Aave (AAVE) $ 232.87
mantle
Mantle (MNT) $ 1.04
dai
Dai (DAI) $ 0.999782
official-trump
Official Trump (TRUMP) $ 16.96
aptos
Aptos (APT) $ 5.67
internet-computer
Internet Computer (ICP) $ 6.74
susds
sUSDS (SUSDS) $ 1.04
ethereum-classic
Ethereum Classic (ETC) $ 19.87
okb
OKB (OKB) $ 46.72
bittensor
Bittensor (TAO) $ 332.73
vechain
VeChain (VET) $ 0.032434
gatechain-token
Gate (GT) $ 20.69
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.302766
en_USEnglish