Gold Prices in India Cross ₹8,600 per gram Today on 5th February 2025

Gold prices in India saw a sharp rise today, February 5, 2025, continuing the upward trend from yesterday. Currently, 22K gold is priced at ₹7,905 per gram, while 24K gold has surged to ₹8,624 per gram, breaching the ₹8,600 mark for the first time. This makes it the highest level recorded across January and February so far.

Cost of Gold in India Increases

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As of 11:15 AM, gold prices have seen a significant increase, with 22K gold rising by ₹95 per gram and 24K gold increasing by ₹104 per gram compared to the previous day. Here is a city-wise breakdown of the latest gold prices:

Gold Price Today in Mumbai: In Mumbai, 22K gold is priced at ₹7,905 per gram, while 24K gold stands at ₹8,624 per gram.

Gold Price Today in Chennai: Gold prices are in line with Mumbai, with 22K gold at ₹7,905 per gram and 24K gold at ₹8,624 per gram.

Gold Price Today in Bangalore: Gold prices in Bangalore are also similar with 22K gold at ₹7,905 per gram, and 24K gold is at ₹8,624 per gram.

Gold Price Today in Hyderabad: Gold rates mirror other cities, with 22K gold at ₹7,905 per gram and 24K gold at ₹8,624 per gram.

Gold Price Today in Kerala: Gold prices remain similar to the other cities, with 22K gold at ₹7,905 per gram and 24K gold at ₹8,624 per gram.

Gold Price Today in Delhi: Prices in Delhi are slightly higher, with 22K gold at ₹7,825 per gram and 24K gold at ₹8,535 per gram.

Recent Gold Price Trends in India

Gold prices have been on an upward trajectory since the beginning of the year. Here’s a look at recent price movements:

• February 4: Gold prices surged considerably, reaching ₹7,810 per gram for 22K gold and ₹8,624 per gram for 24K gold.
• February 3: Prices saw a dip, with 22K gold at ₹7,705 per gram and 24K gold at ₹8,405 per gram.
• February 2: Gold prices remained steady.
• February 1: Prices hit a high, with 22K gold at ₹7,745 per gram and 24K gold at ₹8,449 per gram.
• January 31: The month ended on a strong note, with 22K gold at ₹7,730 per gram and 24K gold at ₹8,433 per gram.

The ongoing uptrend in gold prices has been evident since early January, with significant gains compared to the start of the year when 22K gold was priced at ₹7,150 per gram and 24K gold at ₹7,800 per gram.

The surge in gold prices is largely attributed to growing concerns over geopolitical tensions and economic uncertainties. Recent developments in the trade dispute between the United States and China have pushed investors towards safe-haven assets like gold.

According to Reuters, "China imposed targeted tariffs on US imports on Tuesday and put several companies, including Google, on notice for possible sanctions, in a measured response to Trump's tariffs."

In Conclusion

Gold prices in India have been on a steady rise, reflecting global economic concerns and increased investor interest in safe-haven assets. With geopolitical tensions escalating, gold may continue its upward trajectory in the coming days. Investors and buyers should closely monitor price movements and global market trends to make informed decisions regarding gold investments.