Gold prices are once again seeing a rise in the Indian bullion market. However, there has been no significant change in the price of silver. On the third day of the trading week (Wednesday, February 19, 2025), the rate of gold has seen an increase of about Rs 330 per 10 grams.
According to the latest update, apart from the national capital Delhi, the price of 24 carat gold in cities like Noida, Ghaziabad, Lucknow, and Jaipur is more than Rs 87,100 per 10 grams. At the same time, the price of 22 carat gold remains above Rs 79,700 per 10 grams.
Gold Prices in Major Indian Cities (Per 10 Grams)
| City | 22K Gold (₹) | 24K Gold (₹) |
|---|---|---|
| Delhi | 79,860 | 87,110 |
| Mumbai | 79,710 | 86,960 |
| Ahmedabad | 79,760 | 87,010 |
| Kolkata | 79,710 | 86,960 |
| Jaipur | 79,860 | 87,110 |
| Bengaluru | 79,710 | 86,960 |
| Lucknow | 79,860 | 87,110 |
| Bhopal | 79,760 | 87,010 |
Silver price
If we look at the rate of silver, there has been no significant change in it as compared to last Tuesday. After which its price remains at Rs 1,00,400 per kg.
Gold Prices in the International Market
Gold for April delivery increased by $24.94 (0.86%) to $2,925.64 per ounce: Gold for April delivery on COMEX rose $24.94 (0.86%) to $2,925.64 an ounce. Spot gold price rose $16 to $2,912.50 an ounce. Silver futures on COMEX were trading 0.47% higher at $33 an ounce.
Spot gold surged $16 to $2,912.50 per ounce: Kainaat Chainwala, AVP-Commodity Research, Kotak Securities, said, “Gold is trading above $2,925 on COMEX as investors keep an eye on the growing tension between the US and the European Union and developments in the Ukraine peace talks.”
Silver futures climbed 0.47%, reaching $33 per ounce: Saumil Gandhi, Senior Analyst, HDFC Securities, said, “Gold saw a marginal rise on Tuesday, making it the safest investment option. However, further rise in gold was limited due to the statement of Federal Reserve member Patrick Harker to keep interest rates stable.”
India’s Gold Imports Rise by 40.79%
According to the Commerce Ministry, India’s gold imports rose by 40.79% to $2.68 billion in January 2025 from $1.9 billion in January 2024. Total imports from April 2024 to January 2025 rose by 32% to $50 billion from $37.85 billion in the same period last year.
The ministry attributed the rise in imports to:
- Growing demand from investors viewing gold as a safe-haven asset.
- Increased gold purchases by banks.
- Reduction in customs duty on gold imports.
