Gold Prices: Gold Prices in India have surged to a record high. The gold prices are surpassing the Rs 82,000 mark for the first time. This sharp acceleration is largely driven by a weaker U.S. dollar and growing uncertainty surrounding President Trump’s upcoming policies.
These factors are expected to have a significant impact on global markets. Investors are turning to gold as a safe haven amidst these economic uncertainties, fueling demand and pushing prices to unprecedented levels.
Gold Price: Major Cities
| City | Gold Price (22-Carat/10 gm) | Gold Price (24-Carat/10 gm) | Silver Price (Rs/kg) |
| Delhi | Rs 75,400 | Rs 82,240 | Rs 96,500 |
| Noida | Rs 75,400 | Rs 82,240 | Rs 96,500 |
| Lucknow | Rs 75,400 | Rs 82,240 | Rs 96,500 |
| Mumbai | Rs 75,250 | Rs 82,090 | Rs 96,500 |
| Bengaluru | Rs 75,250 | Rs 82,090 | Rs 96,500 |
| Chennai | Rs 75,250 | Rs 82,090 | Rs 1,04,000 |
| Pune | Rs 75,250 | Rs 82,090 | Rs 96,500 |
| Ahmedabad | Rs 75,300 | Rs 82,140 | Rs 96,500 |
| Kolkata | Rs 75,250 | Rs 82,090 | Rs 96,500 |
| Hyderabad | Rs 75,250 | Rs 82,090 | Rs 1,04,000 |
Source: Good Returns
How Gold Prices In India Are Determined?
Contrary to popular belief, gold prices in India aren’t solely driven by physical gold demand and supply. Instead, they’re significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.
Furthermore, other factors like global events, political issues, central bank decisions, and currency changes can also fuel the change in the prices of the precious metal.
How To Check The Purity Of Gold
Here are a few tips to check the purity of the gold:
1. Look for a hallmark: The best way is to look for the hallmark. 22-carat gold, also known as 916 gold, will have a hallmark stamp on its back of 916.
2. Check for the BIS Standard Mark: On all the jewelry, you can look for a triangle with the letters “BIS” underneath to ensure the purity of the gold.
3. Perform an acid test: An acid test can be performed under guidance, where you can test the gold with nitric acid to check its purity.
4. Color test: The yellow metal stays yellow always, it remains untarnished.
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