Gold has come down to earth from the seventh heaven, know the new price of 24 carat. Gold Price Today
There has been a big drop in the price of gold today. In the last few days, the price of gold had increased rapidly, but today it has suddenly fallen. This news can be a relief for those who buy gold. Let us know about today’s latest gold rates and the reasons behind this fall.
Gold is an important part of Indian culture and economy. People not only buy it as jewellery but also use it for investment. Therefore, the fluctuation in gold prices directly affects people’s pockets.
Gold Rate Today: Today’s gold rate
Today, on 4 January 2025, there has been a huge drop in the price of gold. The price of 24 carat gold has come down by Rs 870 per 10 grams. At the same time, the price of 22 carat gold has fallen by Rs 800 per 10 grams.
Table of Contents
Gold Price Overview
| Description | price |
| 24 Carat Gold (10 grams) | ₹77,504 |
| 22 Carat Gold (10 grams) | ₹71,100 |
| 24 Carat Gold (1 gram) | ₹7,750 |
| 22 Carat Gold (1 gram) | ₹7,110 |
| Overall fall in gold (24 carat) | ₹870 per 10 grams |
| Overall fall in gold (22 carat) | ₹800 per 10 grams |
Gold Rate in Major Cities
There is a difference in gold prices in different cities of the country. This difference depends on factors such as local taxes, demand and supply. Let’s see today’s gold rate in some major cities:
- Delhi: 24 carat – ₹77,710, 22 carat – ₹71,250
- Mumbai: 24 carat – ₹77,560, 22 carat – ₹71,100
- Kolkata: 24 carat – ₹77,610, 22 carat – ₹71,150
- Chennai: 24 carat – ₹77,710, 22 carat – ₹71,250
- Bengaluru: 24 carat – ₹77,610, 22 carat – ₹71,150
Reasons for fall in gold prices
There can be many reasons behind this fall in gold prices:
- International market: The fall in gold prices globally has also affected the Indian market.
- Strength of dollar: Strengthening of US dollar has put pressure on gold prices.
- Changes in interest rates: Changes in interest rates by central banks affect gold prices.
- Investors’ attitude: Due to the rise in the stock market, investors are moving away from gold.
Gold Price Trend: Analysis of the last few months
There has been a fluctuation in the price of gold in the last few months. Let’s see the gold price trend of the last 6 months:
| month | 24 Carat Gold (10 grams) |
| July 2024 | ₹72,500 |
| August 2024 | ₹73,200 |
| September 2024 | ₹74,800 |
| October 2024 | ₹75,500 |
| November 2024 | ₹76,200 |
| December 2024 | ₹78,300 |
Investing in gold: Is now the right time?
After the fall in gold prices, many people must be wondering whether one should invest in gold now? Experts have different opinions on this matter:
- Some experts believe that this is a good time to invest in gold, as prices have fallen.
- At the same time, some say that there may be further decline, so we should wait a little.
- Gold is always considered a good option for long term investment.
Gold ETFs and Gold Bonds: Modern ways of investing in gold
Nowadays there are many new ways of investing in gold, among which Gold ETF and Sovereign Gold Bonds are prominent:
Gold ETF (Exchange Traded Fund)
- Shares can be bought and sold in the stock market
- Low cost and easy transactions
- No security concerns like physical gold
Sovereign Gold Bonds
- are issued by the government
- Benefit from appreciation in gold value with fixed interest rate
- Lock-in period of 8 years, but withdrawal option after 5 years
Impact of gold prices on Indian economy
Fluctuations in gold prices have a deep impact on the Indian economy:
- Trade Balance: India is a big importer of gold, so the increase in prices increases the trade deficit.
- Inflation: A sharp rise in gold prices could lead to inflation.
- Banking sector: Loans taken against pledge of gold are impacted.
- Jewellery Industry: Price fluctuations have a direct impact on this industry.
Other factors affecting gold prices
Several other factors also influence gold prices:
- Festive season: Demand for gold increases during wedding and festive season.
- International relations: Gold prices rise in case of tension or war between countries.
- Agricultural production: Good harvests increase the demand for gold in rural areas.
- Stock Market: During a fall in the stock market, people prefer to invest in gold.
Gold Rate Prediction: What can happen in the coming days?
Experts believe that gold prices may fall further in the coming days. Some major estimates are as follows:
- The price of 24 carat gold may remain between ₹75,000 – ₹78,000 per 10 grams in the next 6 months.
- Prices may fall further if the global economic situation improves.
- But in case of a major economic or political crisis, prices may rise suddenly.
Tips for Buying Gold
If you are thinking of buying gold, keep these things in mind:
- Check authenticity: Always buy gold from a certified jeweller.
- Hallmark: Buy only hallmarked gold.
- Compare Prices: Compare prices across different stores.
- Take the bill: Make sure to take the bill of purchase and keep it safely.
- Choice of time: Prices are higher during festive seasons, so shop on normal days.
Disclaimer
This article is for informational purposes only. Gold prices change constantly. Always consult a financial advisor before investing. The author or the website will not be responsible for any investment made based on the information provided in the article.
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