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Gold rate in Mumbai was trading marginally higher at Rs 85,210 per 10 grams for 24 carats, while the price for 22 carat was up at Rs 78,110 per 10 grams.
Gold Prices Today.
Gold Rate Today: Gold and silver were trading higher on Wednesday, February 5. Gold rate in Mumbai was trading marginally higher at Rs 85,210 per 10 grams for 24 carats, while the price for 22 carat was up at Rs 78,110 per 10 grams.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
On the MCX, gold was trading up by 0.38 per cent at Rs 84,115 per 10 grams. Silver, on the other hand, was lower by 0.05 per cent at Rs 95,662 per kg in the morning trade.
Here’s a detailed breakdown of gold prices across key cities (February 5, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 78,260 | Rs 85,210 |
| Mumbai | Rs 78,110 | Rs 85,210 |
| Chennai | Rs 78,110 | Rs 85,210 |
| Kolkata | Rs 78,110 | Rs 85,210 |
Silver Price Today in India (February 5, 2025)
On the other hand, silver prices continue to remain marginally lower at Rs 98,500 per kg in the spot market in major Indian cities.
What Factors Affect Gold Prices in India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.