Wed Feb 05 15:42:26 IST 2025: ## Gold Prices Soar, Hitting Indian Consumers Hard

**New Delhi, February 6** – Gold prices in India have skyrocketed in recent days, leaving consumers reeling from a series of sharp price increases. The surge follows a global trend of rising gold prices, impacting India, the world’s largest gold consumer, particularly severely.

Over the past week, prices have fluctuated dramatically. On February 1st, 22-karat gold cost ₹7,745 per gram (₹77,450 per 10 grams), while 24-karat gold was priced at ₹8,449 per gram (₹84,490 per 10 grams). While prices remained steady on February 2nd, a slight decrease was seen on February 3rd, with 22-karat gold falling to ₹7,705 per gram and 24-karat to ₹8,405 per gram.

However, this dip was short-lived. Significant increases were recorded on February 4th and 5th. As of today, February 6th, the price of 22-karat gold has reached ₹7,905 per gram (₹79,050 per 10 grams), representing a cumulative increase of approximately ₹200 per gram over the past few days. Similarly, 24-karat gold has climbed to ₹8,624 per gram (₹86,240 per 10 grams). In total, gold prices have risen by approximately ₹2,000 in just a couple of days.

These escalating prices are causing significant hardship for many Indians, especially those from lower socioeconomic backgrounds who are already struggling with the rising cost of living. The continued price volatility adds to the financial burden faced by ordinary citizens. The situation highlights the vulnerability of consumers to global market fluctuations and the impact of gold price volatility on the Indian economy.

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