Due to uncertainties around US President Donald Trump’s tariff proposals and robust domestic demand, gold prices increased for the fourth consecutive day on Saturday, February 1.
Due to trade uncertainties following the White House’s confirmation of a 25% charge on imports from Canada and Mexico and a 10% levy on goods from China, the price of the precious metal closed above $2,800 an ounce on Friday. Prices were also raised by strong local demand for the impending marriage season.
In keeping with worldwide trends, gold prices increased by ₹1,310 on Friday. The record-breaking run of 24K gold continued into the third day when it broke beyond the ₹84,000 per 10 grams barrier. On Friday, spot gold closed at $2,801 an ounce, up 0.25%.
View the most recent prices for gold and silver in major cities right now:
India’s current gold price as of February 1, 2025
The price of 24K gold increased by ₹10 to ₹84,490 per 10 grams in Delhi markets, while the price of 22K gold increased to ₹77,460 per 10 grams. In Mumbai, the price of 24K gold rose to 84,340 per 10 kilos, while that of 22K gold went up to 77,310 per 10 grams.
A thorough analysis of gold prices in major cities is provided below:
The current price of gold in major cities:
City
10g of 22K gold
10g of 24K gold
Delhi ₹84,490 ₹77,460
₹77,310 ₹84,340 in Mumbai
₹77,310 ₹84,340 in Chennai
₹77,310 ₹84,340 in Kolkata
The price of silver Today, February 1, 2025, in India
Due to strong demand from industrial users ahead of the Union Budget 2025, silver prices increased for the third consecutive day on Saturday.
What does the gold and silver jewelry sector anticipate from the 2025 budget?
After a 1,000 rupee surge the day before, silver prices in key Indian cities increased by 100 to 99,600 rupees per kilogram. The price of silver has increased by ₹3,100 per kilogram since January 30. On Friday, spot silver fell 1.14% to $31.30 an ounce.
The current price of silver in major cities:
City
Price of silver (per kilogram)
Delhi ₹99,600
Mumbai
99,600
Chennai ₹107,100
₹99,600 in Kolkata
Price Comparison between Gold and Silver Due to strong local demand and a notable upswing in international markets, gold prices have been rising since January 29 and have reached record highs this week.
Due to local demand and uncertainties surrounding the Union Budget, which will be announced later today, silver prices increased for the third continuous day this week.
The prices of gold and silver earlier this week are contrasted here:
Date
10g of 22K gold
10g of 24K gold
Price of silver (per kilogram)
February 1: 77,310, 84,340, and 99,600
January 31: 77,300, 84,330, and 99,500
January 30: 76100, 83,020, and 98,500
₹75,950 ₹82,850 ₹96,500 on January 29
January 28: 75,100, 81,930, and 96,500
₹75,400 ₹82,250 ₹96,500 on January 27
All rates in Mumbai
