Gold Rate Today 07-02-2025

Gold prices saw a significant rise on Friday, February 7, 2025, as the market reacted positively to both domestic and global factors. The price of 24-carat gold rose by ₹270, reaching ₹8669.3 per gram, while 22-carat gold saw an increase of ₹250, reaching ₹7948.3 per gram. This surge in gold prices is primarily driven by expectations surrounding the Reserve Bank of India’s (RBI) monetary policy announcement. Market participants anticipate a 25 basis point rate cut by the RBI, which is expected to provide additional liquidity and boost economic activity.

In the domestic futures market, gold prices saw healthy gains, with the MCX Gold for April 2025 delivery trading at ₹84,661 per 10 grams, reflecting a 0.26% increase. Positive international cues also supported gold prices, with global gold prices nearing record-high levels. This was further fueled by trade war concerns, contributing to a sixth consecutive weekly gain for gold prices. Investors are closely monitoring the RBI’s inflation and growth projections, as well as a crucial US employment report, which is expected to influence market sentiment.

Gold prices have experienced a remarkable rise in 2025, with spot gold increasing by 11% year-to-date. Factors such as the weakening Indian rupee, fears of a trade war between the United States and its trade partners, and signs of a global economic slowdown have contributed to the surge in gold prices. Historically, gold tends to perform well during periods of economic and political uncertainty, as well as when currencies experience a downturn.

In the past week, the rate of 24-carat gold has fallen by 1.02%, while over the last month, the price has dropped by 7.47%. The price of silver, however, has seen a minor decrease, with silver rates now standing at ₹102,500 per kilogram, down by ₹200.

In major Indian cities, the gold prices have witnessed varying trends. In Delhi, the price of gold today is ₹86,693 per 10 grams, reflecting an increase from ₹85,383 per 10 grams on February 6, 2025. A week earlier, on February 1, 2025, gold was priced at ₹84,513 per 10 grams in the capital. In Chennai, gold is priced at ₹86,541 per 10 grams today, up from ₹85,231 on February 6, 2025, and ₹84,361 on February 1, 2025.

In Mumbai, the price of gold stands at ₹86,547 per 10 grams today, showing a rise from ₹85,237 on February 6 and ₹84,367 on February 1. Silver rates in Mumbai have reached ₹101,800 per kilogram today, marking an increase from ₹100,800 on February 6, while last week’s silver price was ₹102,000 per kilogram.

Kolkata’s gold price today is ₹86,545 per 10 grams, up from ₹85,235 on February 6 and ₹84,365 on February 1. In terms of silver, the price in Kolkata has reached ₹103,300 per kilogram, up from ₹102,300 on February 6, and ₹103,500 on February 1.

As of the latest data, MCX futures for gold (due for June 2025 expiry) are trading at ₹85,482 per 10 grams, reflecting a slight increase, while silver futures (due for July 2025 expiry) are priced at ₹99,500 per kilogram. These price movements show how gold and silver are responding to both domestic and global economic factors, including interest rates, inflation, and geopolitical tensions.

Gold

The prices of precious metals like gold and silver are influenced by a variety of factors. Demand from major jewelers, fluctuations in currency values, interest rates, and government policies are key contributors. Additionally, global economic conditions and the performance of the US dollar against other currencies play a significant role in determining gold prices in India. Given the current market conditions, both investors and consumers are keeping a close eye on upcoming economic developments, particularly the RBI’s monetary policy stance and global trade dynamics, as they could further impact the trajectory of gold and silver prices.

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