Gold has always been a symbol of wealth and a reliable investment option worldwide. It is not only a precious metal used in jewelry but also a financial asset that serves as a hedge against inflation and economic uncertainties. Today, gold prices are influenced by a variety of factors, including geopolitical tensions, currency fluctuations, and global demand. As of February 12, 2025, the gold market continues to exhibit volatility, reflecting both domestic and international economic conditions.
In India, gold holds cultural significance, especially during festivals and weddings, which drives its demand. The current gold rates show an upward trend due to global economic uncertainties and investor preference for safe-haven assets. Below is a comprehensive overview of today’s gold prices and the factors influencing them.
Gold Prices Today
| City | 24 Carat Gold (โน/10 grams) | 22 Carat Gold (โน/10 grams) |
|---|---|---|
| Delhi | โน87,530 | โน81,260 |
| Mumbai | โน87,500 | โน81,230 |
| Chennai | โน88,200 | โน82,000 |
| Bangalore | โน86,900 | โน80,700 |
| Hyderabad | โน87,400 | โน81,120 |
Gold prices vary across cities due to factors such as local taxes, transportation costs, and demand-supply dynamics. As of today, 24-carat gold, known for its purity (99.9%), is priced higher compared to 22-carat gold, which contains 91.6% pure gold mixed with other metals for durability.
Factors Influencing Gold Prices
- Global Economic Uncertainties: Geopolitical tensions and trade disputes drive investors toward gold as a safe-haven asset.
- Inflation Hedge: During inflationary periods, gold retains its value better than fiat currencies.
- Currency Exchange Rates: A weaker Indian Rupee against the US Dollar increases the cost of imported gold.
- Demand and Supply: Seasonal demand during festivals and weddings in India significantly impacts prices.
- Interest Rates: Lower interest rates make non-yielding assets like gold more attractive.
Recent Trends in Gold Prices
- February 6: 24K gold at โน8,706 per gram; 22K at โน7,980 per gram.
- February 10: Prices surged further with 24K at โน8,793 per gram; 22K at โน8,060 per gram.
- February 12: Continued upward momentum with minor fluctuations.
Historical Gold Price Trends
| Year | Average Price (โน/10 grams) |
|---|---|
| 2020 | โน48,651 |
| 2021 | โน48,720 |
| 2022 | โน52,670 |
| 2023 | โน65,330 |
| 2024 | โน77,913 |
Comparison: 24K vs. 22K Gold
| Feature | 24 Carat Gold | 22 Carat Gold |
|---|---|---|
| Purity | 99.9% | 91.6% |
| Usage | Coins, bars | Jewelry |
| Durability | Soft | Hard |
| Price | Higher | Lower |
Why Invest in Gold?
- Portfolio Diversification: Gold has low correlation with other asset classes.
- Liquidity: It is easy to buy or sell gold.
- Safe-Haven Asset: Protects against market volatility and currency depreciation.
Tips for Buying Gold
- Always check the daily rates before purchasing.
- Opt for hallmarked gold to ensure purity.
- Compare making charges across jewelers.
- Consider investing in digital or paper gold for convenience.
Conclusion
Gold continues to be a preferred investment choice due to its ability to preserve wealth during uncertain times. With prices reaching new highs in February 2025, it’s crucial for buyers and investors to stay informed about market trends and influencing factors. Whether you’re purchasing jewelry or investing in bullion, understanding the nuances of the gold market can help you make better financial decisions.