On 2 February 2025, there was a huge jump in gold prices. On this day, gold prices reached the seventh sky, causing a stir among investors and jewelery buyers. After the budget, this rise in gold prices was seen, which is the result of the ongoing increase for the last few weeks. The price of 24 carat gold reached a record level, while the prices of 22 carats and 18 carat gold also increased significantly.
In this article, we will give detailed information about the rise in gold prices on 2 February 2025. Also, in various cities, 24 carats, 22 carats and 18 carat gold will also share new rate information. This Comprehensive Article will give you complete information about gold prices about Gold Price Today.
Gold prices boom: Gold Price Skyrockets
On 2 February 2025, there was a tremendous rise in gold prices. The price of 24 carat gold crossed Rs 82,000 per 10 grams for the first time. This is a record level, which has become a matter of concern for investors and jewelery buyers. This bounce in gold prices has been caused due to many reasons, which are prominent:
- No relief on gold in budget 2025
- Gold demand increase in global market
- Dollar strengthening against rupee
- Increased demand for gold as a safe investment due to international stress
Gold Price Overview: Brief Description of Gold Price
| Description | price |
| 24 carat gold (10 grams per 10 grams) | ₹ 82,410 |
| 22 carat gold (10 grams per 10 grams) | ₹ 75,488 |
| 18 carat gold (10 grams per 10 grams) | ₹ 61,565 |
| Silver (per kg) | ₹ 93,550 |
| Changes from last week | +₹ 2,190 |
| Changes from last month | +₹ 3,500 |
| Annual change | +12% |
New price of 24 carat gold: new rate of 24 carat gold
The price of 24 carat gold reached Rs 82,410 per 10 grams on 2 February 2025. This is the highest level ever. The prices of 24 carat gold in various major cities were as follows:
- Delhi: ₹ 82,410 per 10 grams
- Mumbai: ₹ 84,330 per 10 grams
- Kolkata: ₹ 84,330 per 10 grams
- Chennai: ₹ 84,330 per 10 grams
- Bhopal: ₹ 82,350 per 10 grams
24 carat gold is the pure and has pure gold up to 99.9%. Therefore, its price is the highest.
22 carats and 18 carat gold new rates: Latest Pries of 22K and 18K Gold
There was also a huge increase in the prices of 22 carat and 18 carat gold. Their prices were as follows on 2 February 2025:
22 carat gold:
- Delhi: ₹ 77,450 per 10 grams
- Mumbai: ₹ 77,300 per 10 grams
- Kolkata: ₹ 77,300 per 10 grams
- Chennai: ₹ 77,300 per 10 grams
- Bhopal: ₹ 75,488 per 10 grams
18 carat gold:
- Delhi: ₹ 63,370 per 10 grams
- Mumbai: ₹ 63,250 per 10 grams
- Kolkata: ₹ 63,250 per 10 grams
- Chennai: ₹ 63,850 per 10 grams
- Bhopal: ₹ 61,565 per 10 grams
22 carat gold contains 91.6% pure gold, while 18 carat gold contains 75% pure gold. So their prices are less than 24 carats.
Silver prices also rise: silver prices also surge
Along with gold, there was a rise in silver prices. Silver prices were as follows on 2 February 2025:
- Delhi: 93,550 per kg
- Mumbai: ₹ 93,533 per kg
- Kolkata: ₹ 93,533 per kg
- Chennai: 93,533 per kg
- Bhopal: ₹ 93,480 per kg
Silver prices have also been observed continuously for the last few days. This is also a record level.
Due to increase in gold prices: Reasons for Gold Price Hike
There are many reasons behind this huge bounce in gold prices:
- Uncertainty in the global economy: There has been uncertainty in the global economy since the corona epidemic, making investors turning to gold as a safe investment.
- Strengthening of the dollar: Indian rupee has weakened against the US dollar, increasing gold prices.
- No relief in the budget: In Budget 2025, there was no reduction in import duty on gold, causing prices to remain high.
- Global stress: The demand for gold has increased due to the ongoing tension in many parts of the world.
- Purchase by central banks: Central banks of many countries are increasing the amount of gold in their reserves, which has increased demand.
Future of gold prices: Future of Gold Pries
Experts believe that gold prices may increase further in the coming time. Some of the major reasons are:
- Global economic uncertainty is likely to remain
- Inflation pressure in many countries
- Geopolital stress
- Investors’ trend towards safe investment
However, it is also possible that gold prices may fall if the global economy improves.
Gold Buying Tips: Tips for Buying Gold
If you are planning to buy gold, then keep these things in mind:
- Always buy hallmark gold
- Compare prices and buy from good jeweler only
- Bill and guarantee card must be taken
- Do not give cash in exchange for gold, pay digital pay
- Get the purity of gold checked
- Buy gold coins or bars for long -term investment
Investment options in gold: Gold Investment Options
There are many investment options in gold:
- Physical Gold: Jewelery, Coins, Bar etc.
- Gold ETF: Funds traded on stock exchange
- Sovereign Gold Bond: Bond released by government
- Digital Gold: Gold that can be purchased on online platform
- Gold Mutual Fund: Funds investing in gold
Each option has its own advantages and disadvantages. Select your need and risk capacity.
Gold prices have an impact on the economy: Impact on Economy
This type of rise in gold prices affects the economy in many ways:
- Increased import bill: India is a big importer of gold, import bill will increase due to increase in prices
- Pressure on inflation: Increased gold prices may also increase the prices of other goods
- Investment pattern changes: People can turn to gold with other investment options
- Impact on jewelery industry: Jewelery demand may decrease due to expensive gold
- Effect on foreign exchange reserves: The value of reserves kept as gold will increase
Rejuvenation: This article is only for informative purpose and investment advice should not be considered. Gold prices are affected by market volatility, economic conditions and global events. Therefore, one should always consult a professional financial advisor before investment. The information given in the article is accurate according to our best information, but we are not responsible for the sudden changes in the market. The investor should take decisions according to his risk and investment capacity.
