Gold Rates Today in India
Updated on 25 Sep, 202424 Carat Gold Rate (10 grams)
22 Carat Gold Rate (10 grams)
India is world’s second biggest consumer of gold, after China. Bulk of the gold requirement is met through imports and domestic bullion recycled locally. So apart from international prices, which is denominated in dollar, import duties and other taxes play a role in determining domestic gold rates. Bullion is seen as a hedge against inflation but bond yields and the dollar rate also have a bearing on the prices of the precious metal. Here are latest gold prices in major Indian cities.
Bangalore
Per 10 gram ₹76175 0.00Chennai
Per 10 gram ₹76181 0.00Delhi
Per 10 gram ₹76333 0.00Kolkata
Per 10 gram ₹76185 0.00Mumbai
Per 10 gram ₹76187 0.00Pune
Per 10 gram ₹76193 0.00
Find Gold price in your region
Gold Rate Comparison 22 Carat vs 24 Carat
Gold Rate in Different Cities in India
City Name
22 Carat Price
24 Carat Price
- Ahmedabad
- ₹69891
- ₹76241
- Amritsar
- ₹70010
- ₹76110
- Bangalore
- ₹69825
- ₹76175
- Bhopal
- ₹69894
- ₹76194
- Bhubaneswar
- ₹69830
- ₹76180
- Chandigarh
- ₹69992
- ₹76342
- Chennai
- ₹69831
- ₹76181
- Coimbatore
- ₹69850
- ₹76200
- Delhi
- ₹69983
- ₹76333
- Faridabad
- ₹70015
- ₹76365
- Gurgaon
- ₹70008
- ₹76358
Gold Rate for Last 15 Days
Dates
22 Carat Price
24 Carat Price
- Sep 24, 2024
- ₹69983 220.00
- ₹76333 240.00
- Sep 23, 2024
- ₹69763 -10.00
- ₹76093 -10.00
- Sep 22, 2024
- ₹69773 740.00
- ₹76103 810.00
- Sep 21, 2024
- ₹69033 1513.00
- ₹75293 1863.00
- Sep 20, 2024
- ₹67520 0.00
- ₹73430 0.00
- Sep 19, 2024
- ₹67520 -50.00
- ₹73430 -80.00
- Sep 18, 2024
- ₹67570 200.00
- ₹73510 180.00
- Sep 17, 2024
- ₹67370 -1860.00
- ₹73330 -2085.00
- Sep 16, 2024
- ₹69230 130.00
- ₹75415 105.00
- Sep 15, 2024
- ₹69100 0.00
- ₹75310 0.00
- Sep 14, 2024
- ₹69100 310.00
- ₹75310 2420.00
- Sep 13, 2024
- ₹68790 0.00
- ₹72890 0.00
- Sep 12, 2024
- ₹68790 -70.00
- ₹72890 -1030.00
- Sep 11, 2024
- ₹68860 1510.00
- ₹73920 460.00
More on Gold
Gold is a precious metal and is considered an attractive investment option. The gold prices in India fluctuate as per market situation and are keenly monitored during the time of trading.
There are two types of gold traded in India, i.e, 24K and 22K. The first one is considered the purest form of gold with a purity of 99.99 per cent. It is too soft to be moulded into jewellery. On the other hand, 22k gold is basically 22 parts of gold and two other metals like copper and zinc. It is used to make jewellery.
India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonne of gold annually.
The price of gold depends on several factors including currency, global developments, interest rates etc. If the rupee weakens against US dollar, the price of gold will go up. Gold price is also dependent on international factors like global economic growth, volatile policies and interest rates.
In Indian cities, gold prices depend on various factors like demand, state taxes, octroi, interest levied etc. Gold can be bought in the form of bars, coins and jewellery. The investment options include physical gold, exchange trade funds and sovereign bonds.
Currently, the import duty on gold in India stands at ten per cent. The central government keeps on changing the import duty depending on the need to curb imports.
Gold is considered as a safe investment tool. It also acts as an excellent hedge against inflation. Amid the geopolitical situation, people have now turned to gold as a safe investment tool.
In India, gold is officially marked by the Bureau of Indian Standards. It is called hallmarking and acts as a guarantee of the precious metal's purity. It protects the buyer from adulteration of gold.
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FAQs About Gold
Why should you invest in gold?
Gold is considered as a safe and reliable mode of investment. It acts as an excellent hedge against inflation. It is also an excellent portfolio diversifier
What are the various forms of investing in gold?
Gold is traded in the form of bars, coins, bullions, jewellery, exchanges, exchange trade funds etc
Does India import gold?
India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonne of gold annually.
How are gold prices determined in India?
Gold prices in India are determined on several factors including currency, global demand, interest rates and government policies. If the rupee slides against the US dollar in India, gold will become expensive.
What is the difference between 22K and 24K gold?
K or karats is a term used to measure the purity of gold. In simple words, 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc. It is harder than 24K gold due to presence of other metals. It is suited for making jewellery.
What is pure gold?
As mentioned earlier, 24 karat of gold is called pure gold with a purity of 99.99 per cent. It is liquid in the state and cannot be moulded to make bars, jewellery etc. As a result, it is mixed with other metals like copper and zinc to form an alloy. For example, 22K gold is a mix of 22 parts of gold.
How are gold rates determined in cities in India?
The gold prices in Indian cities depend on various factors like demand, state taxes, octroi charges, interest levied, bullion associations, transportation costs etc.
What is hallmarking of gold?
It is the official marking of precious metals by the Bureau of Indian Standards. It is the guarantee of a metal's fineness or purity.Its main objective is to protect the buyer from adulteration and also obligate the manufacturers to ensure legal standards of fineness.
Who is responsible for hallmarking gold in India?
The Bureau of Indian Standards (BIS) is a national body entrusted with the harmonious development of the activities of standardization, marking and quality certification of goods. It has a hallmarking system for gold and silver in India.
What does KDM gold mean?
It is an alloy of 92 per cent gold and eight per cent of Cadmium. Although it is considered a high purity gold, but it has not been verified by BIS.
