Saturday, February 1, 2025
HomeFinanceGold at record high on budget day, 10 grams of gold crossed...

Gold at record high on budget day, 10 grams of gold crossed Rs 84000, check the price of February 1

Gold Price Today: Today on Saturday, 1st February, the price of gold has broken all records. Finance Minister Nirmala Sitharaman is going to present the budget in a short while. Before the budget, the price of 24 carat 10 grams gold has crossed Rs 84,000. This is the peak of gold so far

Gold Price Today: Today, on Saturday, February 1, the price of gold has broken all records. Finance Minister Nirmala Sitharaman is going to present the budget shortly. Before the budget, the price of 24 carat 10 grams of gold has crossed Rs 84,000. This is the peak of gold so far. It is expected that the government may increase the import duty on gold in the budget. If this happens, then the price of gold will see further rise. In the last budget, the government had reduced the import duty from 15 percent to 6 percent.

Gold crosses 84,000 on February 1, 2025

Today, on the day of the budget, February 1, 2025, the price of gold has crossed Rs 84,000. Today gold has become costlier by Rs 1,300 compared to yesterday. Rise in gold prices Due to instability in the global market and changes in US policies, people are investing in gold for safe investment. Due to this increasing demand, gold prices are rising. Experts believe that if interest rates continue to be cut and uncertainty persists in the international market, then the prices of gold and silver may increase further.

Demand for gold and silver increased in India

Apart from this, the demand for gold increases significantly during weddings and festivals in India. Due to this demand, the price of gold may rise further in the coming months. If the import duty is increased in the budget, it will have a direct impact on the prices of gold, due to which its prices will increase further.

Price of 24 and 22 carat gold in Delhi-Mumbai

In Delhi, 24 carat gold rose by about Rs 1300 to Rs 84,490 per 10 grams, while 22 carat gold remains at Rs 77,310 per 10 grams. In Mumbai, the price of 24 carat gold is trading at Rs 84,340 and 22 carat gold at Rs 77,310 per 10 grams. Know here the price of gold on January 31 in 4 big cities of the country.

City Name 22 carat gold rate 24 carat gold rate
Delhi 77,460 84,490
Chennai 77,310 84,340
Mumbai 77,310 84,340
Kolkata 77,310 84,340

Silver price on February 1
 
On Saturday, February 1, the price of silver rose. A day before the budget, the price of silver has risen by Rs 1,000. The price of silver has come down to Rs 99,600 per kg. Silver is just a little behind the record level of Rs 1,00,000.
 
How is the price of gold decided?
 
The price of gold in India keeps changing due to many reasons, such as international market rates, import duty imposed by the government, taxes and fluctuations in the value of the rupee. Gold is not just an investment tool, but is also an important part of Indian culture. Its prices also increase due to the increase in demand during weddings and festivals. People consider it a safe investment, so the change in its price also affects the pockets of common people.
Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap, has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @jharkhandbreakingnews@gmail.com
RELATED ARTICLES

Most Popular

Recent Comments