Gold Prices in India Drop on February 3, 2025

Gold prices in India have dropped today, February 3, 2025, after maintaining an upward trend for four consecutive days. Currently, 22K gold is priced at ₹7,705 per gram, while 24K gold stands at ₹8,405 per gram.

Cost of Gold in India Decreases

As of 02:18 PM, gold prices have seen a notable decline, with 22-carat gold dropping by ₹40 per gram and 24-carat gold by ₹44 per gram compared to the previous day. After four days of consistent gains, prices remained steady yesterday before witnessing today’s dip. Below is a city-wise breakdown of gold prices:

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Gold Price Today in Mumbai: 22K gold is priced at ₹7,705 per gram, while 24K gold stands at ₹8,405 per gram.

Gold Price Today in Chennai: Gold rates match those in Mumbai, with 22K gold at ₹7,705 per gram and 24K gold at ₹8,405 per gram.

Gold Price Today in Bangalore: The price of 22K gold is ₹7,705 per gram, and 24K gold is valued at ₹8,405 per gram.

Gold Price Today in Hyderabad: Gold prices align with other cities, with 22K gold available at ₹7,705 per gram and 24K gold at ₹8,405 per gram.

Gold Price Today in Kerala: Rates remain consistent with Mumbai, as 22K gold is priced at ₹7,705 per gram and 24K gold at ₹8,405 per gram.

Gold Price Today in Delhi: Prices are slightly higher, with 22K gold at ₹7,720 per gram and 24K gold at ₹8,420 per gram.

Recent Gold Price Trends in India

Gold prices have experienced fluctuations recently, showing both stability and sharp movements. Below is a summary of recent trends:

• February 2: Prices remained steady.
• February 1: Gold prices reached 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 high note, with 22K gold at ₹7,730 per gram and 24K gold at ₹8,433 per gram.
• January 30: Prices peaked at ₹7,610 per gram for 22K gold and ₹8,302 per gram for 24K gold.
• January 29: Gold climbed to ₹7,595 per gram for 22K and ₹8,285 per gram for 24K.

At the start of January, gold prices were significantly lower, with 22K gold priced at ₹7,150 per gram and 24K gold at ₹7,800 per gram. The overall upward movement indicates a strong gold market, influenced by global economic conditions, investor sentiment, and seasonal demand.

Conclusion

After an extended bullish run, gold prices have now taken a slight dip (February 3). This decline may provide an opportunity for buyers, though continued global economic uncertainties and market trends could influence future movements. Investors and consumers should remain cautious and monitor price fluctuations before making gold-related decisions.