Gold Price Today on 1st January 2025 Across Major Cities

As the new year begins, gold prices in India have shown an upward trend compared to the previous day. On Wednesday, January 1, 2025, the price of 24K gold in India stood at ₹7,800 per gram, while 22K gold was priced at ₹7,150 per gram as of 10:57 AM. Below, we provide a detailed city-wise breakdown of gold rates today and explore the factors driving these movements.

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Gold Rates Across Cities on 1st January 2025 (10:57 AM)

The following table illustrates the gold rates today for 22K and 24K gold across key cities in India:

Gold Rates Across Major Cities on 1st January 2025: As of January 1, 2025, gold prices have seen an increase. The price of 22-carat gold has increased by ₹40, while 24-carat gold is up by ₹44 compared to yesterday. Here's a detailed city-wise breakdown of gold rates:

• Gold Price Today in Mumbai: In Mumbai, the price of 22K gold is ₹7,150 per gram, while 24K gold is priced at ₹7,800 per gram. As one of the leading gold trading hubs in India, Mumbai often sets the trend for national pricing.
• Gold Price Today in Chennai: Chennai, known for its cultural and traditional affinity for gold, reports similar rates as Mumbai, with 22K gold at ₹7,150 per gram and 24K gold at ₹7,800 per gram.
• Gold Price Today in Bangalore: Bangalore’s gold rates are in line with the broader national trends, with 22K gold priced at ₹7,150 per gram and 24K gold at ₹7,800 per gram.
• Gold Price Today in Hyderabad: Gold prices in Hyderabad mirror those in Mumbai, Chennai, and Bangalore, with 22K gold at ₹7,150 per gram and 24K gold at ₹7,800 per gram.
• Gold Price Today in Lucknow: In Lucknow, gold prices are slightly higher, with 22K gold priced at ₹7,165 per gram and 24K gold at ₹7,815 per gram. These variations reflect localized market conditions.
• Gold Price Today in Delhi: Delhi reports gold rates similar to Lucknow, with 22K gold priced at ₹7,165 per gram and 24K gold at ₹7,815 per gram. The capital city’s gold prices are often influenced by both domestic demand and international market trends.

Recent Gold Price Trends

Gold prices, after maintaining an upward trajectory in recent days, witnessed a decline of around ₹42 yesterday. Although, on Wednesday, January 1, 24K gold price in India increased. Gold prices have displayed frequent fluctuations in the past week:

December 31: Gold prices dipped slightly, with 22K gold at ₹7,110 per gram and 24K gold at ₹7,756 per gram.
December 30: A modest increase saw 22K gold rise to ₹7,150 per gram, while 24K gold increased to ₹7,800 per gram.
December 29: Prices were lower, with 22K gold at ₹7,135 per gram and 24K gold at ₹7,784 per gram.
December 27: Gold rates saw a slight uptick, with 22K gold reaching ₹7,150 per gram and 24K gold priced at ₹7,800 per gram.

In December, the highest gold prices were observed on December 11, with 22K gold at ₹7,285 per gram and 24K gold at ₹7,947 per gram. The lowest prices were recorded on December 20, with 22K gold at ₹7,040 per gram and 24K gold at ₹7,680 per gram.
This fluctuating trend underscores the dynamic nature of gold prices, influenced by global market conditions, economic factors, and seasonal demand patterns.

Key Factors Influencing Gold Prices

Several factors have contributed to the dynamic pricing of gold:

1. Central Bank Policies: Interest rate adjustments by central banks, such as the US Federal Reserve’s rate cuts in 2024, have influenced gold prices.
2. Geopolitical Tensions: Ongoing global conflicts and tariff shifts have heightened gold’s appeal as a safe-haven investment.
3. Inflation Concerns: Persistent inflation, particularly in the US, has driven demand for gold as a hedge against economic uncertainties.
 

In Conclusion

On the first day of 2025, gold prices in India have shown a positive start, reflecting a dynamic market influenced by domestic demand, international trends, and economic factors. As we enter the new year, monitoring these key drivers will be crucial for investors and enthusiasts alike. For those considering investing in gold, staying updated on price trends and market conditions is essential.