Gold Prices Surge in India – Check Latest City-Wise Rates for February 24
Gold prices witnessed a notable surge in India on February 24, reflecting strong market trends. The yellow metal saw an increase of around Rs 100, with 22-carat gold priced at Rs 80,550 per 10 grams and 24-carat gold at Rs 87,870 per 10 grams in Mumbai.
Silver prices also gained momentum, reaching Rs 1,01,000 per kg in the spot market across major cities. On the Multi Commodity Exchange (MCX), gold traded slightly higher at Rs 86,098 per 10 grams, while silver stood at Rs 96,290 per kg in the morning session.
Here's a city-wise breakdown of gold prices for February 24, 2025.
The steady climb in gold prices can be attributed to global economic uncertainties and geopolitical factors. Trade tensions and policy decisions, such as tariff hikes, have led to increased investor interest in gold, marking its seventh consecutive weekly rise in India and the eighth globally.
Gold holds immense financial and cultural significance in India. While 24-carat gold remains the preferred choice for purity seekers, 22-carat gold continues to attract jewellery buyers for its durability. The metal is not just an investment but also an integral part of weddings and festivals.
Several elements shape gold prices in India, including:
With gold prices on an upward trajectory, investors and buyers must stay updated to make informed decisions in the ever-evolving market landscape.
Silver Follows Suit with Strong Gains
Silver prices also gained momentum, reaching Rs 1,01,000 per kg in the spot market across major cities. On the Multi Commodity Exchange (MCX), gold traded slightly higher at Rs 86,098 per 10 grams, while silver stood at Rs 96,290 per kg in the morning session.
Here's a city-wise breakdown of gold prices for February 24, 2025.
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| CITY | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
| Delhi | Rs 80,690 | Rs 89,020 |
| Jaipur | Rs 80,690 | Rs 80,690 |
| Ahmedabad | Rs 80,590 | Rs 87,920 |
| Patna | Rs 80,590 | Rs 87,920 |
| Mumbai | Rs 80,550 | Rs 87,870 |
| Hyderabad | Rs 80,550 | Rs 87,870 |
| Chennai | Rs 80,550 | Rs 87,870 |
| Kolkata | Rs 80,550 | Rs 87,870 |
Why Are Gold Prices Rising?
The steady climb in gold prices can be attributed to global economic uncertainties and geopolitical factors. Trade tensions and policy decisions, such as tariff hikes, have led to increased investor interest in gold, marking its seventh consecutive weekly rise in India and the eighth globally.
Gold: Investment and Tradition
Gold holds immense financial and cultural significance in India. While 24-carat gold remains the preferred choice for purity seekers, 22-carat gold continues to attract jewellery buyers for its durability. The metal is not just an investment but also an integral part of weddings and festivals.
Key Factors Influencing Gold Prices
Several elements shape gold prices in India, including:
- Global market trends
- Import duties and taxation policies
- Fluctuations in currency exchange rates
With gold prices on an upward trajectory, investors and buyers must stay updated to make informed decisions in the ever-evolving market landscape.
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