Gold Prices Today A Rollercoaster Ride with a Bullish Turn

Planning to purchase gold? The gold market is infamous for its volatility, and the past few days have been no different. Although we’ve witnessed some falls, the latest news from the Indian bullion market indicates a significant rise in both gold and silver prices today, February 13, 2025. Gold has now crossed the ₹85,000 mark per 10 grams, and silver is being sold above ₹95,000 per kg. Let’s get into the nitty-gritty and find out what this does for you.

Decoding the Latest Gold Rates

As per India Bullion and Jewelers Association (IBJA), the rate of 24-carat gold (999 purity) has gone up to ₹85,744 per 10 grams at the national level. The price of Silver (999 purity) stands at ₹95,626. This is a major increase from Wednesday evening’s closing rate of ₹84,845 for 24-carat gold, according to the IBJA. So, what are the prevailing rates for various purities of gold?

995 purity gold: ₹85,401 per 10 grams

22-carat gold (916 purity): ₹78,542 per 10 grams
18-carat gold (750 purity): ₹64,308 per 10 grams
14-carat gold (585 purity): ₹50,160 per 10 grams

Price Fluctuations and Their Impact

If we compare today’s prices with yesterday’s, we can observe a definite upward trend. 24-carat gold has become more expensive by ₹899, and 995 purity gold has appreciated by ₹896. The price of 22-carat gold has increased by ₹824, while 18-carat gold is up by ₹674. Silver has also seen a steep rise, with its price increasing by ₹1,437. All these changes demonstrate the volatility of the gold market and the need to keep abreast of current trends.

Important Considerations When Buying Gold

Though the IBJA rates serve as a benchmark, it’s important to note that these prices are not inclusive of GST. The price you end up paying for gold jewellery will be more because of the inclusion of taxes and making charges. These charges differ based on the jeweller and the intricacy of the design. Hence, it’s always best to compare with several jewellers to obtain the best price.

Understanding Gold Purity

Gold purity is measured in carats. 24-carat gold is the most pure, and lower carat gold is a combination of other metals. The decision on gold purity is a matter of your budget and choices. Though 24-carat gold is the most expensive, it is also softer and less durable than lower carat gold. In jewellery, 22-carat gold is most commonly used as it offers a nice balance of purity and endurance.

Factors That Affect Gold Prices

A number of factors can affect gold prices, including: World economic conditions: Uncertainty in the economy usually encourages investors to go for gold, thus demand is raised and prices are elevated. Fluctuation in currencies: The value of the US dollar in terms of the Indian rupee may influence gold prices in India. Demand and supply: Demand and supply shifts may also have an effect on gold prices. Government policies: Government taxes, duties, and regulations can have an impact on the price of gold. Seasonal factors: Gold demand tends to rise during Indian weddings and festival seasons, resulting in price fluctuations.

Informed About Gold Prices

Keeping up with gold prices is important, particularly if you intend to sell or purchase gold. You can keep yourself updated by visiting reliable websites such as the IBJA website, financial news websites, and gold price tracking websites. Keeping up with current trends will enable you to make well-informed decisions and receive the maximum value for your money. Don’t forget that the gold market is volatile, so it’s always better to research and take advice from trusted advisors before making any major investment plans.