Today Gold Price in India

Gold Rate Today in India

Gold Rate Gold Rate In Bangalore Gold Rate In Chennai Gold Rate In Delhi Gold Rate In Hyderabad Gold Rate In Mumbai
22 Carat 56,000 47,927 56,100 55,950 55,950
24 Carat 61,100 52,285 61,190 61,040 61,040

 

Daily Gold Rate In India (15 Days)

Date Pure Gold (24K) Standard Gold (22K) % Change
26 April 2023
₹ 60,430 ₹ 55,360 +0.60%
25 April 2023
₹ 60,080 ₹ 55,030 0%
24 April 2023
₹ 60,080 ₹ 55,030 -0.20%
23 April 2023
₹ 60,190 ₹ 55,140 0%
22 April 2023
₹ 60,190 ₹ 55,140 0%
21 April 2023
₹ 60,190 ₹ 55,140 -0.68%
20 April 2023
₹ 60,620 ₹ 55,520 +1.15%
19 April 2023
₹ 59,920 ₹ 54,890 -1.10%
18 April 2023
₹ 60,590 ₹ 55,500 -0.07%
17 April 2023
₹ 60,630 ₹ 55,540 -0.41%
16 April 2023
₹ 60,880 ₹ 55,770 0%
15 April 2023
₹ 60,880 ₹ 55,770 0%
14 April 2023
₹ 60,880 ₹ 55,770 0%
13 April 2023
₹ 60,880 ₹ 55,770 +0.45%
12 April 2023
₹ 60,610 ₹ 55,520 0%

Gold Price Today in Major Cities of India

City 24 Carat Gold Rate
(10 grams)
22 Carat Gold Rate
(10 grams)
Ahmedabad
₹ 61,100 ₹ 56,000
Amritsar
₹ 52,200 ₹ 47,850
Bangalore
₹ 61,100 ₹ 56,000
Bhopal
₹ 52,200 ₹ 47,850
Bhubaneswar
₹ 61,040 ₹ 55,950
Chandigarh
₹ 61,190 ₹ 56,100
Chennai
₹ 52,285 ₹ 47,927
Coimbatore
₹ 61,530 ₹ 56,400
Delhi
₹ 61,190 ₹ 56,100
Faridabad
₹ 52,150 ₹ 47,804
Gurgaon
₹ 52,100 ₹ 47,758
Hyderabad
₹ 61,040 ₹ 55,950
Jaipur
₹ 61,190 ₹ 56,100
Kanpur
₹ 52,290 ₹ 47,932
Kerala
₹ 61,040 ₹ 55,950
Kochi
₹ 52,290 ₹ 47,932
Kolkata
₹ 61,040 ₹ 55,950
Lucknow
₹ 61,190 ₹ 56,100
Madurai
₹ 61,530 ₹ 56,400
Mangalore
₹ 61,100 ₹ 56,000
Meerut
₹ 52,275 ₹ 47,918
Mumbai
₹ 61,040 ₹ 55,950
Mysore
₹ 61,100 ₹ 56,000
Nagpur
₹ 61,040 ₹ 55,950
Nashik
₹ 61,070 ₹ 55,980
Patna
₹ 61,100 ₹ 56,000
Pune
₹ 61,040 ₹ 55,950
Surat
₹ 61,100 ₹ 56,000
Vadodara
₹ 61,100 ₹ 56,000
Vijayawada
₹ 61,040 ₹ 55,950
Visakhapatnam
₹ 61,040 ₹ 55,950

Gold Price: Know About 24 Carat and 22 Carat Gold

Gold is one of the most sought-after metals and its price varies based on various factors. But before we delve into those factors, let’s understand the different types of gold based on their purity levels.

24 Carat Gold Gold is deemed to be in its purest form at 24 carats. Pure gold or 24 carat gold signifies 99.9 percent purity and it doesn’t contain any other metals. The 24 carat gold is used to make gold coins, bars, etc. It is also known as “four nines” gold. However, it is not suitable for making jewelry as it is soft and can easily bend or scratch.

22 Carat Gold The 22 carat purity gold is ideal for jewelry making. It is 22 parts gold and two parts silver, nickel, or any other metal. The mixing of other metals makes gold more stiff and appropriate for jewelry. The 22 carat gold often reflects 91.67% of gold purity. It is the most popular gold purity used for jewelry making in India, as it strikes a balance between purity and durability.

Apart from 24 carat and 22 carat gold, various other purities for gold also exist, and are measured in relativity to 24 carats. These include 18 carat gold, which contains 75% gold, 14 carat gold, which contains 58.3% gold, and 10 carat gold, which contains 41.7% gold.

Know the difference between 24 Carat and 22 Carat Gold:

24 Carat Gold 22 Carat Gold
It is the purest form of gold and contains 99.5% of the precious yellow metal. It has 91.6% parts of pure gold. Rest of the parts are metals such as silver, copper, or some others.
It is quite soft, pliable, brittle, and bendable. It has a hard texture and thus cannot be easily moulded or bended.
It is mostly used in medical and electrical equipment including computers, phones, and more. It is relatively inexpensive due to lesser percentage of pure gold.
This is the most expensive form of gold. It is mostly used for making jewellery, bars, bullions, and coins.
It is bright yellow in colour. It is usually tainted due to the presence of other metals.

Gold has been a popular investment option for Indians for generations. Gold is not only used as a jewelry or a symbol of status, but it is also an investment asset. The gold rate in India is subject to fluctuations based on a variety of factors, such as international market trends, the strength of the Indian rupee, and domestic demand and supply.

In recent years, the gold rate in India has been steadily increasing. In 2021, the price of gold reached an all-time high of Rs. 56,200 per 10 grams. However, the rate has been volatile and has seen some corrections since then.

Some of the factors that influence the gold rate in India include:

  1. International Market Trends: Gold is a globally traded commodity, and its price is largely influenced by global market trends. If there is a rise in demand for gold in the international market, it could lead to an increase in the gold rate in India.
  2. Strength of the Indian Rupee: The gold rate in India is also influenced by the strength of the Indian rupee. If the rupee is strong, it could lead to a decrease in the gold rate, as it would require fewer rupees to purchase the same amount of gold.
  3. Domestic Demand and Supply: Domestic demand and supply also play a key role in determining the gold rate in India. If there is a surge in demand for gold due to festivals or weddings, it could lead to an increase in the gold rate.
  4. Government Policies: Government policies, such as changes in import duties or taxes, can also impact the gold rate in India.

Investing in gold can be a good option for investors looking to diversify their portfolio. Some of the benefits of investing in gold include:

  1. Hedge Against Inflation: Gold is often seen as a hedge against inflation. As the value of paper currencies decreases, the value of gold tends to increase.
  2. Safe Haven Asset: Gold is considered a safe haven asset, meaning it is a low-risk investment that is likely to retain its value during times of economic uncertainty.
  3. Portfolio Diversification: Adding gold to your investment portfolio can help diversify your investments and reduce your overall risk.

There are several ways to invest in gold in India. Some of the most popular options include:

  1. Physical Gold: One of the most traditional ways to invest in gold is to buy physical gold in the form of coins, bars, or jewelry. However, this comes with its own risks and expenses, such as storage costs and the risk of theft or loss.
  2. Gold ETFs: Gold Exchange Traded Funds (ETFs) are a popular investment option in India. Gold ETFs are mutual fund schemes that invest in gold, and the units are listed on the stock exchange.
  3. Sovereign Gold Bonds: Sovereign Gold Bonds (SGBs) are issued by the government of India and are a good option for investors looking to invest in gold without the risks and expenses of physical gold. SGBs offer a fixed interest rate and can be redeemed for the equivalent amount of gold at maturity.

In conclusion, the gold rate in India is subject to various factors, and investing in gold can be a good option for diversifying your portfolio and protecting against inflation. However, it is important to do your research and choose the investment option that best suits your needs and risk appetite.

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