Gold price in India today witnessed surge for fourth consecutive day to hover near record high after US President Donald Trump declared tariffs on Canada, Mexico, and China. The US will reportedly levy 25% tariffs on Mexico, Canada and 10% on China, according to Reuters. 24k gold price today in India zoomed by Rs 160 to settle at Rs 84,490/10 grams and 100 grams of 24k precious metal gained by Rs 1600 to Rs 8,44,900 on Saturday. 22k gold price today zoomed by Rs 150 to retail at Rs 77,450/10 grams and 100 grams of 22k yellow metal prices rose by Rs 1500 to Rs 7,74,500 on Saturday.
Meanwhile, 18k gold prices in India today edged higher by Rs 120 to Rs 63,370/10 grams and 100 grams of 18 carat precious metal rallied by Rs 1200 to end at Rs 6,33,700. 1 gram gold price today for 22 carat stood at Rs 7745 and 1 gram gold rate for 24 carat is retailing at Rs 8449 today, according to Goodreturns.in.
UAE Gold Prices
On the other hand, UAE gold prices on Saturday witnessed rally for 18k and decline for 22k and 24k prices. Gold prices are cheaper in Dubai than yellow metal rates in India even after surge as on February 1, 2025. 22k gold prices in Dubai today stood at Rs 74,118/10 grams after decline of Rs 177 and 100 grams of 22k precious metal prices are retailing at Rs 7,41,175 after dip of Rs 1770. 24k gold rate today declined by Rs 177 to Rs 80,019/10 grams and 100 grams of 24k precious metal prices fell by Rs 1770 to Rs 8,00,186.
18k gold rate in Dubai today jumped sharply by Rs 708 to Rs 61,489/10 grams and 100 grams of 18k precious metal are selling for Rs 6,14,892 after surge by Rs 7081.
Spot Gold Prices Today
Spot gold rallied 0.1% at $2,795.92 per ounce, as of 0035 GMT, soaring nearly 1% so far in the week. Earlier in the session, rates touched an all-time high of $2,799.71. Meanwhile, spot silver zoomed 0.4% to $31.54 per ounce, platinum jumped 0.1% to $967.80, and palladium fell 0.2% to $987.10, according to Reuters.
Reaction On Budget On Gold, Silver Import Duties
As there is no mention of import duties on gold, silver today in Union Budget 2025, Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) said, “Finance Minister has announced a populist Union Budget 2025 with a main aim to continue growth momentum of the Viksit Bharat. There have been no announcements on Gold and Silver Import Duties as market expected. There are few things specified in the finance bill about increase in tariffs on gold and silver, which is not clear, so we will have to wait for DGFT notifications.”
22k Gold Price In Last 5-Days In India (for 1 gram)
1 gram of 22k gold price in India today jumped by Rs 15, rallied by Rs 120 on January 31, surged by Rs 15 on January 30, rose by Rs 85 on January 29, and fell by Rs 30 on January 28.
“There’re concerns that some of the (economic) growth may come down because of the policies and tariffs that the current administration is looking to implement,” said Phillip Streible, chief market strategist at Blue Line Futures. “So when you’ve got higher inflation and lower growth, stagflation becomes the economic theme. Gold tends to work very well in that particular environment,” the Reuters report added.
Silver Prices Today In India
Silver price in India today remained flat. 1 kg silver price in India on February 1, 2025 stood at Rs 99,500. And, 100 grams silver rates today remained steady at Rs 9,950.
1kg Silver price in India in last 5-days
1 kg silver prices in India today stood steady, jumped by Rs 1000 on January 31, rose by Rs 2000 on January 30, stayed flat on January 29 and January 28.
1 Gram gold rate today In key metropolitan cities and states of India on Feb 1, 2025
| City | 22k Gold Price Per Gram |
| Chennai Gold Price Today | 22 carat gold rate is Rs 7,745 |
| Mumbai Gold Price Today | 22K gold price is Rs 7,745 |
| Delhi Gold Rate Today | 22K yellow metal price is Rs 7,760 |
| Kolkata Gold Price Today | 22 carat gold price is Rs 7,745 |
| Bangalore Gold Price Today | 22K gold rate is Rs 7,745 |
| Hyderabad Gold Prices Today | 22 carat gold rate is Rs 7,745 |
| Kerala Gold Prices Today | 22 carat gold rate is Rs 7,745 |
| Gold Price In Lucknow Today | 22 carat gold price is Rs 7,745 |
| Patna Gold Rate Today | 22k precious metal price is Rs 7,750 |
(Gold price figures source: Goodreturns.in)
Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.
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