Gold offer on the First Day of the New Year Let’s talk in detail about whether the gold price rose or fell on New Year’s Day yesterday it fell by Rs 320 to below Rs 57,000. Thiruvananthapuram: Gold prices in the state increased today. The price of gold has suddenly increased from yesterday’s low. Pawan is at Rs 320 today. Gold price today Yesterday it fell by Rs 320 to below Rs 57,000. Today’s market price of a gold pawan is Rs 57,200. Gold prices in Kerala will end this year at Rs 56,800. The price fell by Rs 320 on the last day of the year Gold price today. On the last day of the year, the price fell by Rs 40 to Rs 7,110. However, market analysts believe that gold prices are falling by leaps and bounds. It is estimated that those who are going to buy gold in 2025 will have to pay more than Rs 9,000. Factors like war, global financial crisis, interest rate cuts, and central bank purchases will drive gold prices. In the domestic market, 10 grams (24 carats) could reach Rs 85,000 to Rs 90,000, according to Jatin Trivedi, a research analyst in the commodities and currencies department at LKP Securities.
Today, 22-carat gold is priced at Rs 40 per gram. The market price is Rs 7,150. 18-carat gold is priced at Rs 30 per gram. The market price is Rs 5,905. Silver prices remain unchanged. Hallmark silver is priced at Rs 93 per gram.
Gold prices at a glance in the last 10 days Gold price today
December 21 – Pawan rose by Rs 480. The market price is Rs 56,800
December 22 – No change in gold prices. The market price is Rs 56,800
December 23 – No change in gold prices. Market price 56,800 taka
24 December – Gold price per pound decreased by 80 taka. Market price 56,720 taka
25 December – Price per pound increased by 80 taka. Market price 56,800 taka
26 December – Gold price per pound increased by 200 taka. Market price 57,000 taka
27 December – Gold price per pound increased by 200 taka. Market price 57,200 taka
28 December – Gold price per pound decreased by 120 taka. Market price 57,080 taka
29 December – No change in gold price. Market price 57,080 taka
30 December – Price per pound increased by 120 taka. Market price 57,200 taka
31 December – Gold price per pound increased by 320 taka. Market price 56,880 taka
01 January – Gold price increased by 320 taka per pound. Market price Rs 57,200
Gold price in Kerala will end this year at Rs 56,800. Last year’s closing price was Rs 320.
Gold price today It has come down from Rs 40 per gram to Rs 7.11. However, the message from gold market analysts is that gold prices are falling by leaps and bounds. It is estimated that in 2025, the number of people who are going to buy gold at Rs 9,000 will have to pay more. Factors like global financial markets, interest rate cuts, and bank buying will drive gold prices. Vin Tridi, research analyst at LKP Securities Commodity and Currency Revolution, said that domestically, the price of 10 grams (24 hours) could be between Rs 85,000 and Rs 90,000 Gold price today. After giving state governments the power to introduce e-way bills for transporting gold from one place to another, will the central government intervene to control prices? Although the import duty on gold was reduced from 15 percent to 6 percent in the last budget, the price is expected to increase by up to 30 percent by 2024 Gold price today.
Gold price today
However, Union Minister of State for Finance Pankaj Choudhary said in Parliament yesterday that there is no intention to control the domestic gold price and at the same time, the government is seriously monitoring the price of gold. The duty has been reduced with an aim to make the price of gold more affordable for the country’s consumers and to encourage gold jewelry production and value-added exports. He said the government has no plan to control the price even if it suddenly increases. More rupees will come into the market next year as interest rates fall. This will weaken the dollar. This will increase the price of gold. While the US Federal Reserve’s change in policy to cut interest rates will affect the price, the central bank’s purchases will also increase the price of gold, he said. In that case, the price of 22-carat gold could rise to Rs 66,000. This is Rs 9,200 more than today’s price Gold price today. The depreciation of the rupee will accelerate the price increase Gold price today.
The price of gold in the domestic market is expected to increase by 23 percent in 2024. The price in the international market increased by 28 percent to $ 2,790 per ounce Gold price today. The Federal Reserve’s decision to cut interest rates, the Russia-Ukraine war, and the escalation of conflict with Israel in the West have led to the rise in gold prices. The Competition Commission is involved in checking other unhealthy trends in the market. The RBI will not affect the domestic price of buying gold. The Reserve Bank directly purchases foreign exchange reserves from the foreign market. The state minister also said that the share of gold in foreign exchange reserves has increased from 7.81 percent in the previous year to 8.15 percent in the last fiscal year (2023-24) Gold price today.
01/01/2025 Gold prices may rise slightly next year compared to 2024 as conflicts end and major markets recover from economic uncertainty. Donald Trump’s tariffs and economic policies will weaken gold, said Gnanasekar Thiagarajan, co-founder and CEO of Comtrends Research. E-way bills for gold have been made mandatory from January 1 Gold price today. E-way bills are required for transporting gold jewelry worth more than Rs 10 lakh from one place to another for business purposes. E-way bills for gold carried by individuals for personal use Individuals can keep up to 500 grams of gold (worth around Rs 35 lakh) if they have proof of purchase or transfer that it is not for commercial purposes.
Gold offer on the first day of the new year
There is still no consensus on some of the criteria for determining prices. AKGSMA hopes that consensus on this will enable it to implement a unified price for gold across the country. Currently, Malabar Gold has a uniform price for gold across its showrooms in India. Kerala Finance Minister K.N. Balgopal had given the state governments the power to set limits and regulations in this regard in the GST Council last year. In this context, the state GST department has issued a notification regarding e-way bills. At the same time, traders have demanded that the limit of e-way bills be increased to 500 grams. In 2024, the consumption of gold jewelry increased by 17 percent Gold price today. Due to fluctuations in gold prices during the festive and wedding seasons, demand and consumption increased. The demand for gold jewelry increased after the central government reduced the import duty on gold in the July budget. In November 2024, the country’s gold imports reached a record $ 14.86 billion. The fact that gold prices vary across the state creates confusion. Even in Kerala, prices are often fixed and this is confusing for traders and consumers alike. To solve this, the traders’ association has initiated discussions to impose uniform prices across the country. The All Kerala Gold and Silver Merchants Association (AKGSMA) is leading the discussions.
