Gold Prices Surge Above ₹87,000
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Gold prices have crossed ₹87,000. Since the budget announcement, gold prices have surged significantly. Despite no increase in the import duty during the budget, the price of gold has continued to rise.
On February 7, Friday, let's see how the prices have changed. The price of 24-carat and 22-carat gold increased by ₹400.
The price of 10 grams of gold is now above ₹87,300.
Due to global market uncertainty and changes in US policies, people are considering gold as a safe investment option, which is driving up its price.
Experts predict that if interest rates continue to fall and market uncertainty persists, gold may become even more expensive. During wedding seasons and festivals in India, the demand for gold typically rises, which means gold prices may increase further in the coming months.
In Delhi, the price of 24-carat gold has risen by nearly ₹400. The price for 10 grams is ₹87,360, while 22-carat gold costs ₹78,260 for 10 grams.
In Mumbai, the price of 24-carat gold for 10 grams is ₹87,210, while 22-carat gold costs ₹78,110 for 10 grams.
Here are the gold prices in the major cities of India on February 7, 2025:
Delhi:
22-Carat Gold Price: ₹78,260
24-Carat Gold Price: ₹87,360
Chennai
22-Carat Gold Price: ₹78,110
24-Carat Gold Price: ₹87,210
Mumbai
22-Carat Gold Price: ₹78,110
24-Carat Gold Price: ₹87,210
Kolkata
22-Carat Gold Price: ₹78,110
24-Carat Gold Price: ₹87,210
Silver Price on February 7:
On Friday, silver prices dropped to ₹98,400 per kg.
Unlike gold, silver prices have been fluctuating and have not yet reached the record high of ₹1,00,000. However, gold has surpassed its peak from last year.
