May you don’t know, but I want to tell you that Gold is a good investment for long term and in India maximum people are purchasing gold for investment purpose. India is the 2nd largest consumer of gold in the world. You should have idea about the gold price, last week price has increase to life time high
Gold, one of the most valuable and expensive metals, holds great significance in India. It is not only popular for jewellery but is also valued an investment in the form of art and coins. Despite rising gold prices, people in India continue to invest in gold regularly.
Gold prices in India fluctuate due to various factors such as global market conditions and the value of the US dollar. These changes affect different cities based on local demand and supply. If you’re planning to invest in gold, here are some key points to consider.
If you’re looking to invest in gold or buy gold jewelry, find out the recent price of Gold in India.
24-Carat Gold: It is 100% pure gold and doesn’t contain any other metals mixed. 24 Carat Gold in available in Coin, Biscuits etc. form.
22-Carat Gold: It contains 91.67% pure gold, with small amounts of other metals like silver or copper mixed in. It is used for Jwellery purpose.
Knowing the difference between 24-carat and 22-carat gold can help you make an informed investment decision.
22 CARAT GOLD Rate Today
1 Gram: ₹7761
10 Gram: ₹77610
100 Gram: ₹776100
24 CARAT GOLD Rate Today
1 Gram: ₹8465
10 Gram: ₹84650
100 Gram: ₹846500
Gold price in 4 metros cities
Delhi: The price of 10 grams of 22-carat gold is ₹77,613 and 10 grams of 24-carat gold is ₹84,653.
Mumbai: The price of 10 grams of 22-carat gold is ₹77,467 and 10 grams of 24-carat gold is ₹84,507.
Kolkata: The price of 10 grams of 22-carat gold is ₹77,465 and 10 grams of 24-carat gold is ₹84,505.
Chennai: The price of 10 grams of 22-carat gold is ₹77,461 and 10 grams of 24-carat gold is ₹84,501.
Bangalore: The price of 10 grams of 22-carat gold is ₹₹77,455 and 10 grams of 24-carat gold is ₹84,495
Key Factors Influencing Gold Prices in India
Gold prices in India are influenced by several factors, including:
Global Market Fluctuations: Changes in international gold prices impact Indian rates.
USD Strength: A stronger USD can increase gold prices in India.
Import Costs: Since India imports most of its gold, higher import costs raise prices.
Interest Rates on Fixed Deposits: Lower interest rates can lead to higher gold demand.
Economic Stability: Economic uncertainty often drives up gold prices.
Seasonal Prices: Festivals and weddings increase gold demand, affecting prices.
Inflation: High inflation boosts gold demand, leading to higher prices.
Demand and Supply: As with any product, gold prices rise when demand exceeds supply.
Gold Rate in Other Cities
Gold rate is vary city wise, its depends in various factor like state Tax, Demand, octroi charges, transportation cost, labour cost etc.
Buy only certified gold
Always buy certified gold with the Bureau of Indian Standards (BIS) hallmark. Gold has a 6-digit hallmark code, known as the Hallmark Unique Identification Number (HUID). This code is alphanumeric, like this: AZ4524. Through hallmarking, it is possible to determine the purity of gold in terms of carats.