Gold has always been an integral part of Indian culture and investment strategies. Purchasing gold during weddings, festivals, and other auspicious occasions is considered highly favorable. Beyond its cultural significance, gold serves as a safe investment, especially during economic fluctuations. Hence, staying updated with the latest gold prices is crucial for buyers and investors.
Gold Rate Today: 18 February 2025
Gold prices fluctuate daily due to factors like global market trends, currency exchange rates, and supply-demand dynamics. Below are the current rates for 24K and 22K gold in India:
| Purity of Gold | Price per gram (₹) | Price per 10 gram (₹) |
|---|---|---|
| 24 Carat (24K) | ₹8,695 | ₹86,950 |
| 22 Carat (22K) | ₹7,970 | ₹79,700 |
Difference Between 24K and 22K Gold
Understanding the distinction between 24 carat and 22 carat gold is essential when purchasing:
24 Carat Gold:
- Purity: 99.9% pure.
- Usage: Mainly for investment purposes (gold bars and coins).
- Durability: Too soft for making jewelry.
22 Carat Gold:
- Purity: Approximately 91.67% pure.
- Usage: Commonly used in jewelry making due to its strength.
| Feature | 24 Carat (24K) | 22 Carat (22K) |
|---|---|---|
| Purity (%) | 99.9% | 91.67% |
| Use | Investment | Jewelry |
| Strength | Low | High |
Gold Prices in Major Indian Cities
Gold rates vary across different cities. Below are today’s gold prices in some key locations:
| City | 24K per gram (₹) | 22K per gram (₹) |
|---|---|---|
| Delhi | ₹8,700 | ₹7,980 |
| Mumbai | ₹8,695 | ₹7,970 |
| Chennai | ₹8,720 | ₹8,000 |
| Kolkata | ₹8,680 | ₹7,960 |
| Bengaluru | ₹8,690 | ₹7,970 |
Gold Price Trends Over the Last Few Days
Gold rates fluctuate due to various economic factors. Below is the price trend for the past few days:
| Date | 24K per gram (₹) | 22K per gram (₹) |
|---|---|---|
| 17 February 2025 | ₹8,654 | ₹7,940 |
| 16 February 2025 | ₹8,640 | ₹7,930 |
| 15 February 2025 | ₹8,620 | ₹7,910 |
| 14 February 2025 | ₹8,650 | ₹7,990 |
Why Are Gold Prices Rising?
Several factors contribute to the increase in gold prices:
- Global Market Influence: Investors worldwide are increasing their gold purchases.
- Currency Exchange Rates: A weaker rupee against the US dollar impacts gold prices.
- Demand and Supply: Increased demand during festivals and wedding seasons drives up prices.
- Inflation: Investors turn to gold as a secure investment during inflationary periods.
Latest Silver Price
Apart from gold, silver is also a favored investment metal. As of today:
- Silver per kg: ₹96,023
Things to Keep in Mind While Buying Gold
- Always purchase hallmarked gold for authenticity.
- Verify purity before buying jewelry.
- Obtain a proper bill to avoid future disputes.
- Consider gold bars or coins for investment purposes.
Conclusion
Gold prices in India have shown a steady increase as of 18 February 2025. This rise is largely influenced by global market trends and domestic demand. If you are planning to invest in gold or make a purchase, today could be a favorable time to do so.