Gold Price Today At Rs 84,540 — Check Rates In Mumbai, Bengaluru, Delhi, Chennai And More

Gold price in India stood at Rs 84,540 per 10 grams as of 7:20 a.m. on Feb. 7, according to the India Bullion Association. Rates in New Delhi stood at Rs 84,240 per 10 grams, while the price in Mumbai was higher at Rs 84,390. In Kolkata, the rate stood at Rs 84,270, while in Bengaluru, the rate crossed Rs 84,450, according to the association. With the price at Rs 84,630, Chennai continued to see the highest rate in the country.

Gold investments in India soared by 60% in value terms to $18 billion, or approximately Rs 1.5 lakh crore in 2024, as compared to 2023, according to a report released by the World Gold Council on Wednesday.

In absolute terms, the demand for gold as investment stood at 239 tonnes in India, which is the "highest since 2013", WGC stated. This is 29% higher as compared to 185 tonnes in 2023.

Indian gold investment remained strong in the October-December quarter at 76 tonnes, almost matching the performance of the July-September quarter, the report added.

At 239 tonnes, India's annual demand for gold as an instrument of investment accounted for 20% of the global demand in this segment at 1,180 tonnes, as per the data shared in the report. The global investment demand for gold is up 25% in absolute terms, as compared to 945.5 tonnes in 2023.

Global spot gold prices settled at $2,864, according to the World Gold Council. The global rates have been hovering over highs because of the escalated tension due to Trump's tariffs. The global rate of the yellow metal had hit an all-time high of $2,817 on Jan. 31, according to Bloomberg.

The futures prices for Feb. 5, 2025 stood at Rs 84,439 and the silver futures prices were at Rs 95,500, according to the Multi Commodity Exchange. The futures prices were also hovering near all-time highs during the week running up to the Budget, according to the MCX.

Silver price stood at Rs 96,840 as of 7:20 a.m., according to the India Bullion Association.

The strong industrial demand for silver, fuelled by its importance in renewable energy technologies and electronics, has been driving the surge.