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Using speed measurements of the gas at different distances from the Galactic center, the Sun appears to be cruising along at 200 kilometers per second and it takes 240 million years to complete the grand circuit around the Galaxy. This speed is an absolute speed.
In the earth's orbit around the sun, it travels at an average speed of 29.658 km/s (I took the average of all of the values that I obtained for the velocity). The earth is closest to the sun, which is called the perihelion and has its greatest orbital speed around January 3.