Gold has always been a symbol of emotional and financial security for Indians, not just a metal. On 26 February 2025, there was a big change in gold prices. On the occasion of Mahashivaratri, there was a huge bounce in the demand for gold, causing its prices to skyrocketed. In this article, we will know what are the new prices of 24 carats and 22 carat gold, what are due to their increase and how can they change their prices in future.
Current gold prices in India (Gold Price Today)
On 26 February 2025, the price of 24 carat gold reached ₹ 88,100 per 10 grams. At the same time, 22 carat gold is being sold at ₹ 80,760 per 10 grams. This increase is mainly due to festivals and market demands. In the table below, you can see details of different types of gold prices:
| Gold type | Price of 1 gram (₹) | Price of 10 grams (₹) |
| 24 carat | ₹ 8,710 | ₹ 87,100 |
| 22 carat | ₹ 7,985 | ₹ 79,850 |
Mahashivratri and Gold Demand
Gold and silver purchases in the Indian market increase on festivals like Mahashivaratri. This time it was seen to be the same. People are buying huge amounts of gold for jewelry and investment. Gold prices have risen due to increasing demand during festivals.
Major reasons for increasing gold prices
Gold prices depend on many factors. Let us know why this time the price increased so much:
- Global Economic Instability:
People choose gold as a safe investment when there is economic instability globally. This increases its demand. - Currency Exchange Rate of Dollar and Rupee:
Imported gold becomes expensive due to weakening of Indian rupees. - Season of festivals and weddings:
The demand for jewelry in festivals and wedding season in India increases significantly. - Central Bank policies:
The change in its gold reserves policy by the Reserve Bank of India also affects prices. - Prediction and Investment (Gold as Investment):
When the trust of investors increases, they buy a lot of gold, which reduces the market.
Gold prices in major cities
Gold prices also vary in different cities of India. Below is information about some major cities:
| City | 24 carat (₹/10 grams) | 22 carat (₹/10 grams) |
| Delhi | ₹ 88,240 | ₹ 80,910 |
| Mumbai | ₹ 88,100 | ₹ 80,760 |
| Chennai | ₹ 88,250 | ₹ 80,910 |
| Bengaluru | ₹ 88,100 | ₹ 80,760 |
| Kolkata | ₹ 88,250 | ₹ 80,910 |
Prophecy: Will the price of gold move even further?
Experts believe that stability or slight increase in gold prices can be seen in the coming months. The following are the main reasons behind this:
- Uncertainty in global markets.
- Indian rupee weakening against dollar.
- Investors include safe assets such as gold and silver.
However, if the government changes the import duty or other taxes, it will directly affect the price.
Is it right to invest now?
If you want to invest for a long time then this time can be right. But if you are shopping for jewelry, it would be better to wait till the festival is over, because the price may decrease due to low demand.
conclusion
Gold prices reached their highest level on 26 February 2025. Festivals and global economic conditions inspired this growth. Although this time can be beneficial for investors, common consumers should wait a bit.
Disclaimer:
This article is written only for the purpose of providing information. Please seek expert advice before investing as the market may be unstable.
