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Gold Rate Today (23th Feb 2025): Gold was trading flat in the morning. Check the latest prices of yellow metal across different cities.
Latest rates of yellow metal in major metro cities. (AI Generated)
Gold Rate Today in India: Gold price remained steady on Sunday morning, February 23. The yellow metal was trading at Rs 80,450 per 10 grams for 22-carat and Rs 87,770 per 10 grams for 24-carat in Mumbai.
The silver, on the other hand, also remained flat during the morning phase.
Silver, however, traded flat at Rs 99,500 per 1 kg in the morning.
On the MCX, gold was trading flat at Rs 86,020.00. Silver, on the other hand, was Rs 96,156.00 per kg during the morning trade.
Gold Prices’ Sharp Rally
Gold prices continue to climb in both India and globally, fuelled by economic uncertainty and trade war anxieties. President Trump’s tariff policies and geopolitical tensions have contributed to gold’s seventh consecutive weekly rise in India and eighth in the international market. On the MCX, gold prices have jumped by Rs 9,506 in seven weeks, reaching Rs 86,020 per 10 grams, up from Rs 76,544.
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.
Here’s a detailed breakdown of gold prices across key cities (February 23, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 80,600 | Rs 87,920 |
| Jaipur | Rs 80,600 | Rs 87,920 |
| Ahmedabad | Rs 80,500 | Rs 87,820 |
| Patna | Rs 80,500 | Rs 87,820 |
| Mumbai | Rs 80,450 | Rs 87,770 |
| Hyderabad | Rs 80,450 | Rs 87,770 |
| Chennai | Rs 80,450 | Rs 87,770 |
| Kolkata | Rs 80,450 | Rs 87,770 |
Silver Price Today In India (February 23, 2025)
On the other hand, silver prices witnessed a flat movement to remain at Rs 1,00,500 per kg in the spot market across 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.