Gold Prices in India Continue to Increase Today on 31st January 2025

resr 5paisa Research Team

Last Updated: 31st January 2025 - 12:02 pm

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Gold prices in India surged to a new record high today, January 31, 2025, extending the upward momentum for the third consecutive day. This increase has pushed gold to its highest level for the month, surpassing the previous peak recorded yesterday. As of now, 22K gold is priced at ₹7,730 per gram, while 24K gold stands at ₹8,433 per gram.

Cost of Gold in India Reaches a New High for January

As of 11:14 AM, gold prices have risen further, with 22-carat gold increasing by ₹120 per gram and 24-carat gold by ₹131 per gram compared to the previous day. This marks a significant jump, setting a new all-time high for gold . Below is a city-wise breakdown of today’s gold prices:

Gold Price Today in Mumbai22K gold is at ₹7,730 per gram, while 24K gold is valued at ₹8,433 per gram.

Gold Price Today in Chennai: Prices are in line with Mumbai, with 22K gold at ₹7,730 per gram and 24K gold at ₹8,433 per gram.

Gold Price Today in Bangalore: 22K gold is priced at ₹7,730 per gram, and 24K gold is at ₹8,433 per gram.

Gold Price Today in Hyderabad: Gold rates mirror other metros, with 22K gold at ₹7,730 per gram and 24K gold at ₹8,433 per gram.

Gold Price Today in Kerala: Gold prices remain the same as Mumbai, with 22K gold at ₹7,730 per gram and 24K gold at ₹8,433 per gram.

Gold Price Today in Delhi:  Prices are slightly higher, with 22K gold at ₹7,745 per gram and 24K gold at ₹8,448 per gram.

Recent Gold Price Trends in India

Gold prices have demonstrated an overall upward trend throughout January, with fluctuations in recent days. Below is a summary of recent movements:

  • January 30: Prices reached another peak to ₹7,610 per gram for 22K gold and ₹8,302 per gram for 24K gold.
  • January 29: Prices climbed to ₹7,595 for 22K gold and ₹8,285 for 24K gold. 
  • January 28: A decline was observed, with 22K gold at ₹7,510 per gram and 24K gold at ₹8,193 per gram.
  • January 27: A minor dip brought 22K gold to ₹7,540 per gram and 24K gold to ₹8,225 per gram.
  • January 25 & 26 - Prices remained stable with no significant changes.

 
At the start of January, gold prices were much lower, with 22K gold at ₹7,150 per gram and 24K gold at ₹7,800 per gram. The consistent rise in recent days suggests continued strength in the gold market, likely driven by global economic factors, investor sentiment, and seasonal demand.

In Conclusion

The steady rise in gold prices on January 31 sets a new milestone for the month, reflecting strong market momentum. Key influences such as international economic trends, currency fluctuations, and increased investment demand continue to shape price movements. With gold prices on an uptrend, buyers and investors should closely monitor trends before making purchasing or investment decisions.

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