Gold price today: The price of 24-carat gold on Tuesday increased by Rs 10 in early trade, with ten grams of the yellow metal selling at Rs 78,010 on New Year’s Eve, according to GoodReturns. Silver prices dipped by Rs 100, with one kilogram of the precious metal trading at Rs 92,400. 22-carat gold price today witnessed an increase of Rs 10 and the ten grams of the yellow metal was trading at Rs 71,510.
In Mumbai, the price of ten grams of 24-carat gold is equivalent to the prices in Kolkata, Chennai and Hyderabad at Rs 78,120. The rate of ten grams of 24-carat gold today in Delhi is Rs 78,160..
The price of ten grams of 22-carat gold in Mumbai is Rs 71,510, the same as in Kolkata, Bengaluru, Chennai and Hyderabad. The price of ten grams of 22-carat gold in Delhi is Rs 71,660.
In Delhi, one kilogram of silver is selling at Rs 92,300, which is on par with prices in Bengalru and Kolkata. In Chennai, one kilogram of silver is selling at Rs 99,800.
Gold Price Today: Major Cities
| City | Gold Price (22-Carat/10 gm) | Gold Price (24-Carat/10 gm) | Silver Price (Rs/kg) |
| Delhi | Rs 71,660 | Rs 78,160 | Rs 92,300 |
| Noida | Rs 71,660 | Rs 78,160 | Rs 92,300 |
| Lucknow | Rs 71,660 | Rs 78,160 | Rs 92,300 |
| Mumbai | Rs 71,510 | Rs 78,010 | Rs 92,400 |
| Bengaluru | Rs 71,510 | Rs 78,010 | Rs 92,300 |
| Chennai | Rs 71,510 | Rs 78,010 | Rs 99,800 |
| Pune | Rs 71,510 | Rs 78,010 | Rs 92,400 |
| Ahmedabad | Rs 71,560 | Rs 78,060 | Rs 92,300 |
| Kolkata | Rs 71,510 | Rs 78,010 | Rs 92,300 |
| Hyderabad | Rs 71,510 | Rs 78,010 | Rs 99,800 |
Source: Good Returns
Gold Price Today: International Market
During early Asian trading hours on Tuesday, the final trading day of a remarkable year for precious metals, US gold prices remained steady. The year marked gold’s strongest annual performance in over a decade.
As of 0034 GMT, spot gold held firm at $2,606.07 per ounce, while US gold futures edged up 0.1% to $2,619.90.
Spot silver remained unchanged at $28.94 per ounce, palladium rose 0.1% to $901.49, and platinum declined by 0.4% to $900.00.
Should You Buy Now?
The slight rise in gold prices on New Year’s Eve has sparked curiosity among investors—will the upward trend continue in 2025, or is this the right time to make your purchase before rates climb further?
If you’re looking to invest, now could be a good opportunity to lock in rates before potential increases in 2025. However, it’s always wise to assess your financial goals and consult with an advisor before making a purchase.
How Gold Prices In India Are Determined?
Contrary to popular belief, gold prices in India aren’t solely driven by physical gold demand and supply. Instead, they’re significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.
Furthermore, other factors like global events, political issues, central bank decisions, and currency changes can also fuel the change in the prices of the precious metal.
How To Check The Purity Of Gold
Here are a few tips to check the purity of the gold:
1. Look for a hallmark: The best way is to look for the hallmark. 22-carat gold, also known as 916 gold, will have a hallmark stamp on its back of 916.
2. Check for the BIS Standard Mark: On all the jewelry, you can look for a triangle with the letters “BIS” underneath to ensure the purity of the gold.
3. Perform an acid test: An acid test can be performed under guidance, where you can test the gold with nitric acid to check its purity.
4. Color test: The yellow metal stays yellow always, it remains untarnished.
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