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Gold prices in India rose as Iran and US neared a deal on the Strait of Hormuz, 24k gold in Mumbai is about Rs 1,59,050 per 10 grams, with similar highs across major cities
Gold prices saw marginal gains
Gold and Silver Rates in India Today, May 25: Gold and silver prices surged on Monday, after Iran and US moved closer to ink a deal that would reopen the Strait of Hormuz.
On MCX, gold futures rose 0.37 per cent to trade at Rs 1,59,265 per 10 grams.
In Mumbai, the price of 24-carat gold stood at Rs 1,59,050 per 10 grams, while 22k gold was available at Rs 1,19,218 per 10 grams. These rates do not include GST and making charges.
Crude prices fell sharply on Monday after US President Donald Trump announced that they are very close to make a peace deal with Iran. Brent crude futures dropped below $100 per barrel.
A day after US President Donald Trump announced that a peace agreement with Iran has been “largely negotiated”, he backtracked saying that Washington will not rush into finalising a peace agreement with Iran, even as negotiations continue over ending the three-month conflict in the Gulf region.
What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On May 25?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,45,880 | Rs 1,59,150 |
| Jaipur | Rs 1,45,880 | Rs 1,59,150 |
| Ahmedabad | Rs 1,45,830 | Rs 1,59,100 |
| Pune | Rs 1,45,830 | Rs 1,59,100 |
| Mumbai | Rs 1,45,790 | Rs 1,59,050 |
| Hyderabad | Rs 1,45,790 | Rs 1,59,050 |
| Chennai | Rs 1,45,790 | Rs 1,59,050 |
| Bengaluru | Rs 1,45,790 | Rs 1,59,050 |
| Kolkata | Rs 1,45,790 | Rs 1,59,050 |
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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