Posted on February 24, 2025, by Niftynews
The gold price in India today saw a notable rise as international gold prices approached an all-time high. Gold futures reached $2,940 an ounce, pushing the price of gold closer to its historical peak. The surge comes amid increasing global uncertainty and tariff discussions from U.S. President Donald Trump, which have significantly boosted the demand for safe-haven assets like gold. A strong dollar and hawkish signals from the Federal Reserve have further supported gold prices in India today.
Gold Price in India Today: Price Surge for 22K and 24K Gold
In India, gold prices today reflect the global price surge. 24 carat gold is now priced at ₹8,787 per gram in India, while 22 carat gold is priced at ₹8,055 per gram. The price for 18 carat gold has also jumped to ₹6,591 per gram.
The surge in gold rates in India today can be observed across both 10-gram and 100-gram denominations. 10 grams of 22K gold is now priced at ₹80,550, marking a ₹100 increase from the previous price of ₹80,450. Similarly, 22K 100 grams of gold has climbed to ₹8,05,500, reflecting a ₹1,000 rise from the previous price of ₹8,04,500.
For 24K gold, the price for 10 grams is now ₹87,870, an increase of ₹100 from the previous rate of ₹87,770. 100 grams of 24K gold is now priced at ₹8,78,700, a rise of ₹1,000 from ₹8,77,700.
18K gold has also seen a price increase, with 10 grams now priced at ₹65,910, up by ₹90 from ₹65,820. Similarly, 100 grams of 18K gold now costs ₹6,59,100, a rise of ₹900 from ₹6,58,200.
Gold Price in Chennai Today: A Surge in Gold Prices
In Chennai, as in the rest of India, gold prices have surged today. 22K gold in Chennai is priced at ₹80,550 for 10 grams, while 24K gold now costs ₹87,870 for 10 grams. This reflects an increase of ₹100 and ₹1,000, respectively.
As gold rates in India today continue to rise, Chennai is witnessing similar price movements, in line with the global trend of increasing demand for precious metals.
Silver Price in India Today
The price of silver is also climbing on February 24, 2025. Silver is now priced at ₹101 per gram and ₹1,01,000 per kilogram in India. Compared to Saturday’s prices, 10 grams of silver has risen by ₹5, now priced at ₹1,010. 100 grams of silver is now priced at ₹10,100, a rise of ₹50 from ₹10,050. 1 kilogram of silver has increased by ₹500, now priced at ₹1,01,000.
MCX Gold Outlook Today
As per Jebaris Nadar, Research Associate at Way2Wealth Brokers Pvt. Ltd., MCX Gold has managed to maintain a strong hold above the ₹86,000 mark. The bullish pattern observed on the daily chart suggests that gold prices in India today are likely to rise further, with prices potentially advancing toward ₹86,500-87,200 levels. Support levels are observed around ₹85,700-85,400, and a breakdown below ₹85,400 could trigger profit booking, leading to a decline.
Gold & Silver Outlook Today
According to Nirmal Bang Securities Pvt. Ltd., both gold and silver prices in India today are expected to trade slightly higher. International markets are showing a slight uptick in both gold and silver, as weak economic data and rising inflation expectations are driving demand for these safe-haven metals.
Conclusion
The gold price in India today, February 24, 2025, has surged significantly, with 22K and 24K gold prices increasing by ₹1000 for 100 grams. Along with this, silver prices have also seen a rise of ₹500 for 1 kilogram. Investors should be cautious and stay alert to potential price movements, as gold prices may continue to rise due to increasing demand amid global economic uncertainty.
