As of February 22, 2025, the gold market in India has experienced a slight increase in prices across various cities. This marginal rise comes after several days of significant gains that pushed gold to new highs. Meanwhile, silver prices have also seen an upward trend.
In this article, we will delve into the current gold and silver rates in India and explore factors influencing these precious metals’ prices.
Current Gold Rates in India
On February 22, 2025, 24-carat gold is priced at Rs 87,770 per 10 grams, while 22-carat gold costs Rs 80,450 per 10 grams across major cities like Mumbai, Chennai, Kolkata, Hyderabad, Bangalore. These rates reflect a minor increase from the previous day’s figures.
| City | Price of Gold (24 Carat) | Price of Gold (22 Carat) |
|---|---|---|
| Delhi | Rs.87,920 | Rs.80,600 |
| Mumbai | Rs.87,770 | Rs.80,450 |
| Chennai | Rs.87,770 | Rs.80,450 |
| Kolkata | Rs.87,770 | Rs.80,450 |
| Hyderabad | Rs.87,770 | Rs.80,.450 |
| Bangalore | Rs..87,.770 .-rs..80450 |
In terms of price changes:
- The price for 24-carat gold increased by Rs 20, reaching Rs 8,.777 per gram.
- The price for 22-carat gold rose by Rs .200, making it approximately Rs .8,.045 per gram.
Current Silver Prices in India
As for silver on February ,2,,25,,the rate stands at an impressive figure:
- Silver is priced at approximately ‘100500’per kilogram, marking an increase from the previous day’s rate by ‘100’.
Factors Influencing Gold Prices
Several factors contribute to fluctuations in gold prices:
1. Global Economic Uncertainty: Recent geopolitical tensions and economic instability have led investors to seek safe-haven assets like gold.
2. Currency Fluctuations: A weaker US dollar can make dollar-denominated commodities cheaper for foreign buyers.
3. Interest Rates: Lower interest rates reduce borrowing costs and encourage investment in non-yielding assets like precious metals.
4. Central Bank Policies: Central banks buying or selling large quantities can significantly impact global supply dynamics.
Outlook for Next Week (February ,23,-28)
Market analysts predict that both gold and silver may trade within specific ranges during the upcoming week:
-Gold could fluctuate between ‘*84500’and ‘86500’per ten grams‘.
-Silver might range between ‘*94000’and ‘98000’per kilogram5.
This forecast suggests continued volatility due to ongoing global economic conditions.
Conclusion
The slight increases observed on February ,2,,25,,reflect broader trends where investors remain cautious about future market movements while seeking stable investments such as precious metals during times of uncertainty.
If you are looking to invest or purchase jewelry based on these rates remember that local taxes GST TCS etc may apply so always check with your jeweler before making any purchases
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