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Gold prices in India fell below Rs 1 lakh per 10 grams on Thursday after a record jump.
Several global financial institutions have revised their gold forecasts upwards recently. (Representative/Shutterstock)
Gold Rates Today in India: Gold price in India traded below Rs 1 lakh on Thursday amid the profit booking post the record and historic jump. On April 24, the price of yellow metal stood at Rs 98,340 per 10 gram for 24-carat and Rs 90,140 per 10 gram for 22-carat in Mumbai.
Silver also experienced a slight fall of Rs 100 on Thursday, but traded above Rs 1 lakh per kg across India.
Gold prices increased for the past few months amid global economic uncertainties and US recession fears and crossed the Rs 1 lakh mark on Tuesday.
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.
Analyst expects a correction in gold price could be on the horizon. A potential trigger, he adds, for correction could be profit booking by large institutions. While the long-term outlook remains bullish, such a correction would likely be a healthy pullback—more of a buying opportunity than a sign of weakness.
Here’s a detailed breakdown of gold prices across key cities (April 24, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,290 | Rs 98,490 |
| Jaipur | Rs 90,290 | Rs 98,490 |
| Ahmedabad | Rs 90,190 | Rs 98,390 |
| Patna | Rs 90,190 | Rs 98,390 |
| Mumbai | Rs 90,140 | Rs 98,340 |
| Hyderabad | Rs 90,140 | Rs 98,340 |
| Chennai | Rs 90,140 | Rs 98,340 |
| Bengaluru | Rs 90,140 | Rs 98,340 |
| Kolkata | Rs 90,140 | Rs 98,340 |
Silver Price In India Today (April 24, 2025)
The price of silver remained unchanged above its Rs 1 lakh level to trade at Rs 1,00,900 per kg in Mumbai., according to goodreturns.in.
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.
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