Gold Rate Today: Gold and silver were trading lower on Monday, February 3. Gold rate in Mumbai was trading down by Rs 440 at Rs 84,050 per 10 grams for 24 carats, while the price for 22 carat was up by Rs 400 to Rs 77,050 per 10 grams.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
On the MCX, gold was trading down by 0.06 per cent at Rs 82,251 per 10 grams, while silver was lower by 0.46 per cent at Rs 92,781 per kg in the morning trade.
Here’s a detailed breakdown of gold prices across key cities (February 3, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 77,200 | Rs 84,200 |
| Mumbai | Rs 77,050 | Rs 84,050 |
| Chennai | Rs 77,050 | Rs 84,050 |
| Kolkata | Rs 77,050 | Rs 84,050 |
Silver Price Today in India (February 3, 2025)
In the spot market, silver prices continue to remain flat at Rs 99,500 per kg in major Indian cities.
What Factors Affect Gold Prices in India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.