Gold Rate and Silver Price Today: January 2, 2025 – Latest Rates in India

Gold prices have increased slightly today. The price of 24-carat gold in India is now ₹7818.3 per gram, reflecting a rise of ₹460. Similarly, 22-carat gold is priced at ₹7168.3 per gram, with an increase of ₹420.

Over the past week, the price of 24-carat gold has dropped by 0.35%. Over the past month, the price has decreased by 0.28%.

Silver prices, however, remain stable. The current price of silver in India is ₹93,500 per kg, showing no change from the previous rate.

Gold and Silver Rates in Major Southern Cities

Gold Rates

Here are the gold rates in the top five cities in South India:

Chennai:
The price of gold in Chennai today is ₹78,031 per 10 grams. This is the same as yesterday’s price (₹78,031 per 10 grams). Last week, on December 27, 2024, gold was priced at ₹77,761 per 10 grams.

Bangalore:
Today’s gold rate in Bangalore is ₹78,025 per 10 grams. The rate has not changed since yesterday (₹78,025 per 10 grams). Last week, the price was ₹77,755 per 10 grams.

Hyderabad:
Gold in Hyderabad costs ₹78,039 per 10 grams today, unchanged from yesterday’s price. Last week, the price was ₹77,769 per 10 grams.

Visakhapatnam:
In Visakhapatnam, the gold rate today is ₹78,047 per 10 grams. This is the same as yesterday’s price. On December 27, 2024, the price was ₹77,777 per 10 grams.

Vijayawada:
Gold in Vijayawada today costs ₹78,045 per 10 grams, with no change from yesterday’s rate. Last week, it was priced at ₹77,775 per 10 grams.

Also Check: Gold & Silver Price Today Live Chart in (USD)

Silver Prices

Below are today’s silver prices in these cities:

Chennai:
Silver costs ₹1,00,600 per kg in Chennai today. Yesterday, the price was ₹1,02,500 per kg, and a week ago, it was ₹1,02,800 per kg.

Bangalore:
In Bangalore, silver is priced at ₹92,500 per kg today. Yesterday’s price was ₹94,400 per kg, and last week’s was ₹94,700 per kg.

Hyderabad:
Silver in Hyderabad today costs ₹1,01,200 per kg. Yesterday, it was ₹1,03,100 per kg, and last week, the price was ₹1,03,400 per kg.

Visakhapatnam:
Silver in Visakhapatnam is ₹99,600 per kg today. The price was ₹1,01,500 per kg yesterday and ₹1,01,800 per kg last week.

Vijayawada:
Today’s silver price in Vijayawada is ₹1,02,000 per kg. Yesterday, the rate was ₹1,03,900 per kg, and last week, it was ₹1,04,200 per kg.

Factors Influencing Gold and Silver Prices

Gold and silver prices change often due to several factors, including:

1. Global Demand: The worldwide demand for these metals affects their prices.
2. Currency Value: Fluctuations in the value of the US dollar and other currencies influence gold and silver prices.
3. Interest Rates: Higher interest rates reduce the appeal of gold and silver, as these metals do not earn interest.
4. Government Policies: Regulations related to the trade of precious metals can impact their prices.
5. World Events: Global economic conditions and geopolitical developments can influence market trends.

Jewelers often provide useful insights about market trends and expected price changes based on their industry expertise.