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Gold And Silver Rate Today: On the MCX, gold was trading up by 0.09 per cent at Rs 82,310 per 10 grams, while silver was higher by 0.21 per cent at Rs 93,522 per kg in the morning trade ahead of FM Nirmala Sitharaman’s Budget…Read More
Gold and Silver Prices On February 1.
Gold Rate Today: As Finance Minister Nirmala Sitharaman is set to present her eighth Union Budget 2025-26 today, gold and silver were trading higher on Saturday ahead of the Budget Speech. Gold rate in Mumbai was trading higher by Rs 160 at Rs 84,490 per 10 grams for 24 carats, while the price for 22 carat was up by Rs 150 to Rs 77,450 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 up by 0.09 per cent at Rs 82,310 per 10 grams, while silver was higher by 0.21 per cent at Rs 93,522 per kg in the morning trade as of 9:58 am.
Here’s a detailed breakdown of gold prices across key cities (February 1, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 77,450 | Rs 84,480 |
| Mumbai | Rs 77,450 | Rs 84,490 |
| Chennai | Rs 77,450 | Rs 84,490 |
| Kolkata | Rs 77,600 | Rs 84,640 |
Silver Price Today in India (February 1, 2025)
In the spot market, silver prices remained flat at Rs 99,500 per kg in major Indian cities on Saturday.
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.