As the world continues to navigate through economic uncertainties and geopolitical tensions, precious metals like gold and silver have become increasingly attractive to investors seeking safe-haven assets. On February 24, 2025, gold and silver prices in India experienced a modest rise, reflecting both domestic and international market trends.
In this article, we will delve into the latest gold and silver rates across major cities in India, explore the factors influencing these prices, and discuss why these metals remain a vital part of investment portfolios.
Gold Price Today in India
On February 24, 2025, gold prices in India saw a slight increase, with 24-carat gold trading at approximately ₹87,870 per 10 grams in Mumbai, while 22-carat gold was priced at ₹80,550 per 10 grams.
This rise was consistent across major cities, including Delhi, Chennai, and Hyderabad, where 24-carat gold was priced at ₹86,000, ₹86,390, and ₹86,280 per 10 grams, respectively.
City-Wise Gold Rates
Here is a detailed breakdown of gold prices across key cities in India as of February 24, 2025:
| City | 24 Carat Gold (per 10g) | 22 Carat Gold (per 10g) |
| Mumbai | ₹86,140 | ₹78,962 |
| Delhi | ₹86,000 | ₹78,833 |
| Chennai | ₹86,390 | ₹79,191 |
| Hyderabad | ₹86,280 | ₹79,090 |
| Bangalore | ₹86,210 | ₹79,026 |
These rates indicate a marginal increase from the previous day, reflecting the ongoing demand for gold as a hedge against inflation and economic volatility.
Silver Rate Today in India
Silver prices also experienced a modest increase on February 24, 2025. In major cities like Mumbai, Delhi, and Chennai, silver was trading at ₹96,500, ₹96,330, and ₹96,780 per kilogram, respectively.
This rise was driven by increased industrial demand and investor interest in silver as a complementary asset to gold.
City-Wise Silver Rates
Here is a summary of silver prices across major cities in India:
| City | Silver Rate (per kg) |
| Mumbai | ₹96,500 |
| Delhi | ₹96,330 |
| Chennai | ₹96,780 |
| Kolkata | ₹96,370 |
These rates highlight the consistent demand for silver in both industrial and investment sectors.
Factors Influencing Gold and Silver Prices
Several factors contribute to the fluctuations in gold and silver prices:
- Global Economic Conditions: Economic downturns or uncertainties often lead to increased demand for safe-haven assets like gold and silver.
- Central Bank Policies: Interest rate changes and monetary policies can influence investor sentiment and demand for precious metals.
- Geopolitical Tensions: Political instability can drive investors towards safe-haven assets.
- Currency Fluctuations: Changes in currency values, particularly the US dollar, can impact gold and silver prices.
- Supply and Demand Dynamics: Industrial demand for silver and jewelry demand for gold can also affect prices.
Why Invest in Gold and Silver?
Investing in gold and silver offers several benefits:
- Hedge Against Inflation: Both metals are traditionally seen as hedges against inflation, as their value tends to rise when inflation increases.
- Diversification: Adding gold and silver to a portfolio can reduce risk by diversifying investments beyond stocks and bonds.
- Safe-Haven Assets: During economic downturns, gold and silver often see increased demand as safe-haven assets.
- Industrial Uses: Silver, in particular, has significant industrial applications, which can drive demand and price increases.
Conclusion
On February 24, 2025, gold and silver prices in India reflected the ongoing trends of modest increases, driven by both domestic and international market factors. As investors continue to seek safe-haven assets amidst economic uncertainties, gold and silver remain attractive options.
Whether for hedging against inflation or diversifying investment portfolios, these precious metals are likely to remain integral to financial strategies in the coming months.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered as investment advice. It is recommended that readers conduct their own research and consult financial advisors before making investment decisions.