KKN Gurugram Desk | If you’re planning to buy gold or silver today, February 18th, 2025, it’s crucial to check the current rates before making any decisions. The prices of gold have shown a significant increase, with a jump of ₹330 per gram, pushing gold rates above ₹87,000. Meanwhile, the price of silver has remained relatively stable, with minor fluctuations. Let’s take a look at the updated rates for gold and silver in various cities, along with important details on how to check the purity of gold.
Latest Gold Prices on 18th February 2025
As of today, the gold market has experienced a slight surge in the prices of both 22-carat and 24-carat gold. Here’s a detailed breakdown of the updated rates:
- 22-Carat Gold Price Today: ₹79,850 for 10 grams.
- 24-Carat Gold Price Today: ₹87,100 for 10 grams.
- 18-Carat Gold Price Today: ₹65,330 for 10 grams.
- Silver Price Today: ₹1,00,500 per kilogram.
These prices reflect the new market trends and indicate that gold prices are trending higher, especially with the approach of Maha Shivaratri.
Gold and Silver Prices in Various Cities
The rates for gold and silver vary from city to city, depending on local demand, supply, and market conditions. Here is a list of the latest gold and silver rates in major cities:
Gold Rates in Different Cities:
-
18-Carat Gold Price (Today):
- Delhi: ₹65,090 per 10 grams.
- Kolkata & Mumbai: ₹64,970 per 10 grams.
- Indore & Bhopal: ₹65,010 per 10 grams.
- Chennai: ₹65,350 per 10 grams.
-
22-Carat Gold Price (Today):
- Bhopal & Indore: ₹79,450 per 10 grams.
- Jaipur, Lucknow, Delhi: ₹79,550 per 10 grams.
- Hyderabad, Kerala, Kolkata, Mumbai: ₹79,400 per 10 grams.
-
24-Carat Gold Price (Today):
- Bhopal & Indore: ₹86,670 per 10 grams.
- Delhi, Jaipur, Lucknow, Chandigarh: ₹86,770 per 10 grams.
- Hyderabad, Kerala, Bengaluru, Mumbai: ₹86,620 per 10 grams.
- Chennai: ₹86,620 per 10 grams.
Silver Price in Different Cities:
- Silver Price (Today):
- Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi: ₹1,00,500 per kilogram.
- Chennai, Madurai, Hyderabad, Kerala: ₹1,07,000 per kilogram.
- Bhopal & Indore: ₹1,00,500 per kilogram.
These prices are subject to changes based on market dynamics, and it is advisable to check with local dealers for accurate prices before making any purchases.
Factors Influencing Gold and Silver Prices
Gold and silver prices are influenced by several factors, both local and global. Some of the primary factors include:
-
Global Economic Conditions: Gold and silver are considered safe-haven assets. During times of economic instability or global uncertainty, demand for these precious metals tends to increase, which drives up their prices.
-
US Dollar Strength: Gold prices are inversely related to the strength of the US Dollar. A weaker US Dollar usually leads to higher gold prices and vice versa.
-
Inflation: Precious metals like gold and silver are often seen as a hedge against inflation. When inflation rises, the value of currencies declines, which boosts the demand for gold and silver as alternative assets.
-
Interest Rates: Low-interest rates usually lead to higher gold prices as investors seek alternative investments to earn returns. On the other hand, higher interest rates make holding gold less attractive compared to other investments.
-
Jewelry Demand: Demand for gold jewelry, especially in countries like India, significantly affects gold prices. Wedding seasons, festivals like Diwali, and other cultural events can lead to a surge in demand, pushing prices higher.
-
Monetary Policies: Central banks, especially in major economies, buy and sell large amounts of gold as part of their monetary policies, influencing gold prices globally.
How to Check Gold Purity?
When purchasing gold, it’s important to ensure that you are buying the right quality and purity of the metal. Here’s how you can check the purity of gold before making your purchase:
-
Hallmarking: The Bureau of Indian Standards (BIS) certifies the purity of gold through the hallmarking system. A hallmark is a symbol indicating the purity of the gold, with common marks being 22K (91.6% purity) or 24K (99.9% purity).
-
24-Carat Gold: 24K gold is considered pure gold, with a purity of 99.9%. However, it is usually not used in jewelry as it is very soft and can be prone to damage. It’s often used for gold coins and bars.
-
22-Carat Gold: 22K gold has 91.6% purity. It is commonly used for making jewelry and is a good balance between purity and durability. A 22K gold piece will have a hallmark indicating its purity.
-
18-Carat Gold: 18K gold contains 75% pure gold. It is mixed with other metals like copper or silver to make it more durable for jewelry use. An 18K gold piece will be marked with a 750 stamp.
-
Other Marks: For gold with a purity of 21K, 23K, or 20K, the gold will typically be marked with a stamp indicating the exact purity, like 875 (21K), 916 (22K), etc.
Important Considerations When Buying Gold or Silver
While buying gold or silver, here are a few essential things you should consider:
-
Additional Charges: The prices mentioned above do not include additional charges such as GST, TCS, and making charges. These costs can vary depending on the dealer and the type of jewelry you’re purchasing.
-
Check for Authenticity: Always buy gold and silver from trusted and authorized dealers. Ensure that they provide a certificate of authenticity for the purity of the metal.
-
Market Trends: Gold and silver prices can fluctuate daily. It is recommended to monitor prices regularly if you are looking to buy during a favorable price window.
-
Storage and Security: Once you have bought your gold or silver, ensure proper storage and security. Precious metals should be stored in a safe or vault to protect them from theft or loss.
Why Buy Gold?
Gold is often considered one of the most secure investments, especially in uncertain times. Here are some reasons why people prefer investing in gold:
-
Wealth Preservation: Gold retains its value over time and can act as a hedge against currency devaluation and inflation.
-
Diversification: Gold provides a diversification opportunity in investment portfolios. It often moves independently of other asset classes like stocks and bonds.
-
Liquidity: Gold is highly liquid, meaning it can be easily bought or sold in the market. This makes it an attractive investment for those looking for quick access to funds.
-
Cultural Significance: In many countries, gold is an essential part of cultural traditions, especially for weddings and festivals. This adds to its demand and stability as an asset.
If you’re planning to buy gold or silver today, it’s important to keep an eye on the latest market trends. As of February 18, 2025, gold prices have shown an upward trend, with 24-carat gold now crossing ₹87,000 per 10 grams. Silver prices have remained stable, with a slight increase in some cities. However, always keep in mind that the prices mentioned here are indicative and can vary based on location, dealer, and additional charges.
Before making any purchases, ensure that you check the purity of the gold or silver using the hallmark system, and consider other charges that may be added. With Maha Shivaratri just around the corner, the demand for gold and silver is expected to rise, which could lead to further price fluctuations. Always buy from trusted dealers and keep track of the latest rates to make informed decisions.
