Gold has come from seventh heaven to earth, know the new price of 24 carat. Gold Price Today – StudyToper

There has been a big fall in the price of gold today. The price of gold had increased rapidly in the last few days, but today it has suddenly fallen. This news can be of relief for gold buyers. Let us know about today’s latest gold rates and the reasons behind this fall.

Gold is an important part of Indian culture and economy. People not only buy it as jewelery but also use it for investment. Therefore, fluctuations in gold prices have a direct impact on people’s pockets.

Gold Rate Today: Today’s Gold Rate

Today, on January 4, 2025, a huge fall has been seen in the prices of gold. The price of 24 carat gold has decreased by Rs 870 per 10 grams. At the same time, the price of 22 carat gold has fallen by Rs 800 per 10 grams.

Gold prices overview

Gold Rate in major cities

There is a difference in gold prices in different cities of the country. This difference depends on factors like local taxes, demand and supply. Let’s see today’s gold rate in some major cities:

• Delhi: 24 carat – ₹77,710, 22 carat – ₹71,250
• Mumbai: 24 carat – ₹77,560, 22 carat – ₹71,100
• Kolkata: 24 carat – ₹77,610, 22 carat – ₹71,150
• Chennai: 24 carat – ₹77,710, 22 carat – ₹71,250
• Bengaluru: 24 carat – ₹77,610, 22 carat – ₹71,150

Due to fall in gold prices

There could be several reasons behind this fall in gold prices:

1. International Market: The fall in gold prices globally has also affected the Indian market.
2. Strength of Dollar: The strengthening of the US dollar has put pressure on gold prices.
3. Changes in interest rates: Changes made in interest rates by central banks affect the prices of gold.
4. Investors’ attitude: Due to the rise in the stock market, investors are moving away from gold.

Gold Price Trend: Analysis of last few months

There have been fluctuations in gold prices in the last few months. Let’s see the gold price trend of the last 6 months:

Investing in Gold: Is Now the Right Time?

After the fall in gold prices, many people might be wondering whether they should invest in gold now? Experts have different opinions about this:

• Some experts believe that this is a good opportunity to invest in gold, because the prices have fallen.
• At the same time, some say that there may be further decline, so one should wait for a while.
• Gold is always considered a good option for long term investment.

Gold ETFs and Gold Bonds: Modern ways to invest in gold

Nowadays, many new ways of investing in gold are available, among which Gold ETF and Sovereign Gold Bonds are prominent:

Gold ETF (Exchange Traded Fund)

• Shares can be bought and sold in the market
• Low cost and easy transactions
• No security concerns like physical gold

sovereign gold bond

• are issued by the government
• Benefit of increase in gold price with fixed interest rate
• Lock-in period of 8 years, but withdrawal option after 5 years

Impact of gold prices on Indian economy

Fluctuations in gold prices have a deep impact on the Indian economy:

1. Trade Balance: India is a big importer of gold, so increase in prices increases the trade deficit.
2. Inflation: A sharp rise in gold prices may lead to inflation.
3. Banking Sector: Loans taken against the pledge of gold are affected.
4. Jewelery Industry: Price fluctuations have a direct impact on this industry.

Other factors affecting gold prices

Many other factors also affect gold prices:

• Festive season: The demand for gold increases during wedding and festival seasons.
• International relations: Gold prices increase in situations of tension or war between countries.
• Agricultural Production: When there is a good harvest, the demand for gold increases in rural areas.
• Stock Market: During the fall in the stock market, people like to invest in gold.

Gold Rate Prediction: What can happen in the coming days?

Experts believe that gold prices may fall further in the coming days. Some key estimates are:

• In the next 6 months, the price of 24 carat gold may remain between ₹75,000 – ₹78,000 per 10 grams.
• Prices may fall further as global economic conditions improve.
• But in case of any major economic or political crisis, prices may increase suddenly.

Tips for buying gold

If you are thinking of buying gold, keep these things in mind:

1. Check authenticity: Always buy gold from a certified jeweler.
2. Hallmark: Buy only hallmarked gold.
3. Price comparison: Compare prices across different stores.
4. Take the bill: Make sure to take the bill of purchase and keep it safely.
5. Selection of time: Prices are higher during the festive season, so shop on normal days.

Disclaimer

This article is for informational purposes only. Gold prices keep changing continuously. Always consult a financial advisor before investing. The author or the website will not be responsible for any investments made based on the information provided in the article.