Gold Prices in India Continue Positive Trend Today on 1st February 2025

Gold prices in India surged to a new record high again today, February 1, 2025, extending the upward momentum for the third consecutive day. This increase has pushed gold to its highest level for the month, surpassing the previous peak recorded yesterday. As of now, 22K gold is priced at ₹7,745 per gram, while 24K gold stands at ₹8,449 per gram.

Cost of Gold in India Reaches a High on 1st February

As of 12:39 PM, gold prices have risen further, with 22-carat gold increasing by ₹15 per gram and 24-carat gold by ₹16 per gram compared to the previous day. Gold prices have extended their upward streak for the fourth day in a row, setting a new high for February 2025. Below is a city-wise breakdown of today’s gold prices:

Gold Price Today in Mumbai: 22K gold is at ₹7,745 per gram, while 24K gold is valued at ₹8,449 per gram.

Gold Price Today in Chennai: Prices are similar to Mumbai, with 22K gold at ₹7,745 per gram and 24K gold at ₹8,449 per gram.

Gold Price Today in Bangalore: 22K gold is priced at ₹7,745 per gram, and 24K gold is at ₹8,449 per gram.

Gold Price Today in Hyderabad: Gold rates mirror other cities, with 22K gold at ₹7,745 per gram and 24K gold at ₹8,449 per gram.

Gold Price Today in Kerala: Gold prices remain the same as Mumbai, with 22K gold at ₹7,745 per gram and 24K gold at ₹8,449 per gram.

Gold Price Today in Delhi: Prices are slightly higher in Delhi, with 22K gold at ₹7,760 per gram and 24K gold at ₹8,464 per gram.

Recent Gold Price Trends in India

Gold prices have demonstrated an overall upward trend throughout January, continuing the momentum as we enter February. Below is a summary of recent movements:

• January 31: January ended on a high note with 22K gold at ₹7,730 and 24K gold at ₹8,433
• January 30: Prices reached another peak to ₹7,610 per gram for 22K gold and ₹8,302 per gram for 24K gold.
• January 29: Prices climbed to ₹7,595 for 22K gold and ₹8,285 for 24K gold. 
• January 28: A decline was observed, with 22K gold at ₹7,510 per gram and 24K gold at ₹8,193 per gram.
   

At the beginning of January, gold prices were notably lower, with 22K gold priced at ₹7,150 per gram and 24K gold at ₹7,800 per gram. However, the consistent upward trend in recent days points to a robust gold market, likely influenced by global economic conditions, investor sentiment, and seasonal demand.

In Conclusion

The start of February has brought a strong surge in gold prices, reaching a new high on February 1. This rise reflects ongoing market momentum, driven by factors such as international economic shifts, currency fluctuations, and heightened investment demand. As gold prices continue to rise, both buyers and investors should stay vigilant and closely track market trends before making decisions on purchases or investments.