Gold is an important part of Indian culture and investment. Whether it is a wedding, a festival or any opportunity to invest, the demand for gold always remains. But recently there has been a huge ups and downs in the prices of gold. Today, on 7 February 2025, gold prices have declined. Let us know what are the fresh prices of 22 and 24 carat gold and for what reasons this change is happening.
The latest rate of today’s gold (Aaj Ke Gold Rates)
Today the prices of 22 carats and 24 carat gold across the country are:
| City | 22 carat (10 grams) | 24 carat (10 grams) |
| Delhi | ₹ 79,450 | ₹ 86,660 |
| Mumbai | ₹ 79,300 | ₹ 86,510 |
| Chennai | ₹ 79,310 | ₹ 86,520 |
| Kolkata | ₹ 79,300 | ₹ 86,510 |
| Bengaluru | ₹ 79,310 | ₹ 86,520 |
| Hyderabad | ₹ 79,310 | ₹ 86,520 |
Due to fall in gold prices (Reasons for Gold Price Fall)
Gold prices depend on many factors. Recently, prices have declined due to these reasons:
- Dollar strengthening: US dollar’s strength has affected gold prices in the international market.
- Reduction in demand: Demand from jewelers has decreased after marriage and festivals.
- International Markets: Global trade stress and economic uncertainties have also affected gold prices.
- Price of rupee: Strengthening of dollar compared to Indian rupee is also a big reason.
Gold Price Trends for the last few days
In the last one week, there has been a lot of ups and downs in gold prices. The table below shows the price of the last few days:
| date | 22 carat (10 grams) | 24 carat (10 grams) |
| 7 February 2025 | ₹ 79,310 | ₹ 86,520 |
| 6 February 2025 | ₹ 79,300 | ₹ 86,510 |
| 5 February 2025 | ₹ 79,050 | ₹ 86,240 |
| 4 February 2025 | ₹ 78,100 | ₹ 84,200 |
| 3 February 2025 | ₹ 77,050 | ₹ 84,050 |
Key Factors Impacting Gold Prisis affecting gold prices
- International Markets: Internationally gold prices have a direct impact on India.
- Demand and Supply: Balance of demand and supply in the local market also affects prices.
- Government policies: Import duty and other government policies also affect gold prices.
- Devaluation of the rupee: The weakness of the rupee makes imports expensive, which makes gold expensive.
Will it be right to invest? (Is it the right time to invest in gold?)
If you want to invest for a long time then this time can be right. However, market experts believe that investors should be vigilant keeping in mind the current fluctuations.
Noted things while shopping for gold
- Always buy gold with bis hallmark.
- Compare prices on local market and online platforms.
- When purchasing jewelery, pay attention to the making charges.
conclusion
Today, the fall in gold prices has caught the attention of both investors and buyers. However, this decline can be temporary as the global market and economic conditions are constantly changing.
Disclaimer: This article is written only for the purpose of providing information. Consult your financial advisor before investing.
