Gold and Silver Prices Today: January 7, 2025 – Latest Updates Across India

 

Gold prices remained steady in India today, with 24-carat gold priced at ₹7,887.3 per gram and 22-carat gold at ₹7,231.3 per gram. Over the past week, 24-carat gold saw a decline of 1.47%, while the monthly change stood at -1.39%.

 

Silver prices also held steady, with the current rate at ₹94,500 per kilogram across the country.

 

Gold and Silver Rates in Key Southern Cities

 

Gold Prices

 

Chennai: ₹78,721 per 10 grams

 

Bangalore: ₹78,715 per 10 grams

 

Hyderabad: ₹78,729 per 10 grams

 

Visakhapatnam: ₹78,737 per 10 grams

 

Vijayawada: ₹78,735 per 10 grams

 

 

Silver Prices

 

Chennai: ₹1,01,600 per kg

 

Bangalore: ₹93,500 per kg

 

Hyderabad: ₹1,02,200 per kg

 

Visakhapatnam: ₹1,00,600 per kg

 

Vijayawada: ₹1,03,000 per kg

 

 

What Influences Gold and Silver Prices?

 

Several factors contribute to the fluctuations in gold and silver rates:

 

1. Global Demand: Changes in worldwide demand for these metals can impact prices.

 

 

2. Currency Movements: Fluctuations in the value of currencies, especially the US dollar, affect the investment appeal of gold and silver.

 

 

3. Interest Rates: Rising interest rates often make precious metals less attractive as they don’t generate interest income.

 

 

4. Government Policies: Regulations and trade policies significantly influence prices.

 

 

5. Global Events: Economic shifts, geopolitical tensions, and other world events affect market sentiment.

 

 

 

Market Insights