Gold prices rise across major cities in India, while silver sees a modest increase. Check the latest rates and influencing factors.
February 6, 2025: On February 6, 2025, gold and silver prices experienced notable shifts across India. The price of 24-carat gold stood at ₹86,423 per 10 grams in Delhi, marking a ₹1,040 increase from the previous day. Meanwhile, silver prices rose by ₹1,200, reaching ₹1,02,700 per kilogram.
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Gold and Silver Price Trends in South Indian Cities:
Gold Rates:
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- Chennai: ₹86,271/10 grams (up from ₹84,061 on February 5).
- Bangalore: ₹86,265/10 grams (up from ₹84,055 on February 5).
- Hyderabad: ₹86,279/10 grams (up from ₹84,069 on February 5).
- Visakhapatnam: ₹86,287/10 grams (up from ₹84,077 on February 5).
- Vijayawada: ₹86,285/10 grams (up from ₹84,075 on February 5).
Silver Prices:
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- Chennai: ₹1,09,800/kg (up from ₹1,09,600 on February 5).
- Bangalore: ₹1,01,700/kg (up from ₹1,01,500 on February 5).
- Hyderabad: ₹1,10,400/kg (up from ₹1,10,200 on February 5).
- Visakhapatnam: ₹1,07,500/kg (down from ₹1,08,600 on February 5).
- Vijayawada: ₹1,09,900/kg (down from ₹1,11,000 on February 5).
Factors Influencing Gold and Silver Prices:
- Global Demand: Fluctuations in international demand significantly impact prices.
- Currency Fluctuations: A weakening rupee against the US dollar increases the cost of imports.
- Interest Rates: Higher interest rates reduce the appeal of non-yielding assets like gold and silver.
- Government Regulations: Changes in tax and trade policies for precious metals affect prices.
- Geopolitical Events: Economic uncertainty often drives demand for safe-haven assets like gold.
As prices of precious metals remain volatile, keeping an eye on global trends and local market updates is crucial for investors and buyers.
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