As of January 3, 2025, the prices of gold and silver in India reflect ongoing trends in the international markets and currency exchange rates. Gold is priced at ₹7,260 per gram for 22K purity and ₹7,920 per gram for 24K purity. Meanwhile, silver, with a 999 purity level, is available at ₹92.50 per gram. These rates are influenced by a combination of global factors such as market demand, geopolitical tensions, and fluctuations in the US dollar-to-Indian rupee exchange rate, which impacts the cost of importing these precious metals.
Local variations in pricing are common, as factors like state taxes, transportation costs, and jeweler-specific margins can slightly alter the rates. Additionally, festive seasons, weddings, and economic conditions often drive demand, leading to short-term price fluctuations. It’s important for consumers to verify prices from trusted sources or local jewelers for the most accurate and current rates before making any purchase decisions.
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