Gold Rate Today
Introduction
If you’re considering investing in gold or purchasing gold jewelry, it’s crucial to have all the necessary information before making a decision. This guide provides an overview of the current gold rates in India, a detailed comparison between 24 carat and 22 carat gold, insights into daily gold rate fluctuations, city-wise gold rates, and factors affecting gold prices. Additionally, we delve into the various forms of investing in gold, gold purity, and key considerations when buying gold. Gold Rate Today. Gold Rate Today. Gold Rate Today. Gold Rate Today. Gold Rate Today. Gold Rate Today.
Current Gold Rates in India
Gold Rate Today
- 24 Carat Gold Rate (10 grams): ₹61,010
- 22 Carat Gold Rate (10 grams): ₹55,890
Gold Rate Comparison Across Major Cities
| Gold Rate | Bangalore | Chennai | Delhi | Hyderabad | Mumbai |
|---|---|---|---|---|---|
| 22 Carat | ₹56,390 | ₹47,927 | ₹56,550 | ₹56,390 | ₹56,390 |
| 24 Carat | ₹61,520 | ₹52,285 | ₹61,680 | ₹61,520 | ₹61,520 |
Digital Gold Prices
| Gram | 24K Gold Price | Daily Price Change |
|---|---|---|
| 1 gram | ₹6,101 | ₹0 |
| 8 grams | ₹48,808 | ₹0 |
| 10 grams | ₹61,010 | ₹0 |
| 100 grams | ₹6,10,100 | ₹0 |
| Gram | 22K Gold Price | Daily Price Change |
|---|---|---|
| 1 gram | ₹5,589 | ₹0 |
| 8 grams | ₹44,712 | ₹0 |
| 10 grams | ₹55,890 | ₹0 |
| 100 grams | ₹5,58,900 | ₹0 |
Gold Rate Fluctuations
Daily Gold Rate in India (15 Days)
| Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
|---|---|---|---|
| 01 Nov 2023 | ₹61,010 | ₹55,890 | -0.59% |
| 31 Oct 2023 | ₹61,370 | ₹56,220 | +0.23% |
| 30 Oct 2023 | ₹61,240 | ₹56,090 | +0.66% |
| … | … | … | … |
Gold Rates in Major Cities
| City | 24 Carat Gold Rate (10 grams) | 22 Carat Gold Rate (10 grams) |
|---|---|---|
| Ahmedabad | ₹61,580 | ₹56,450 |
| Amritsar | ₹52,200 | ₹47,850 |
| Bangalore | ₹61,520 | ₹56,390 |
| … | … | … |
Gold Rate Calculator
Example Calculation for Ahmedabad
| City | Quantity (gram) | Purity | 24 Carat | 22 Carat |
|---|---|---|---|---|
| Ahmedabad | 1 | 24 Carat | ₹6,158 | … |
Understanding Gold Types
24 Carat Gold
- Purest form (99.5% purity)
- Soft, pliable, used in medical and electrical equipment
22 Carat Gold
- Ideal for jewelry making (91.6% purity)
- Hard texture, suitable for jewelry, bars, bullions, and coins
Factors Affecting Gold Prices in India
- Demand: Influences market prices, peaks during weddings and festivals
- Inflation: Acts as a hedge during inflationary conditions
- Interest Rates: Inverse relationship, influenced by changes in interest rates
- Monsoon: Rural demand increases after a good harvest
- Government Reserves: Excess reserves can impact prices
- Currency Fluctuations: Impact on import costs
- Geopolitical Factors: Acts as a safe haven during crises
Gold Buying Guide
Gold Purity
- Measured in carats, 24K is pure gold
- 22K gold is ideal for jewelry making
Genuine Gold Certification
- Hallmarking by BIS for purity assurance
- Laser-engraved logos for authenticity
Gold Cost per Gram
- Regularly check gold prices
- Separate weighing for studded jewelry for accuracy
Buy Back Terms
- Consider making charges, which can vary based on design and weight
Investment Options: Physical Gold vs. Gold ETFs vs. Sovereign Gold Bonds
| Investment Option | Storage | Interest | Tax |
|---|---|---|---|
| Physical Gold | Requires safe storage | No interest | Wealth tax above ₹30 lakhs |
| Gold ETFs | No storage requirement | Variable returns | Taxed as non-equity funds |
| Sovereign Gold Bonds | No physical storage | Interest possible | Taxed if sold before maturity, tax-free if held till maturity |
Gold Weight Conversion Table
| Convert From | To | Multiply By |
|---|---|---|
| Troy ounces | Grams | 31.1035 |
| Troy ounces | Grains | 480 |
| Kilograms | Troy ounces | 32.1507 |
| … | … | … |
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