Gold Rate Today in India: If you’re thinking about making a gold investment or purchasing gold jewelry for yourself, Then definitely check Gold Rate Today in India. To help you make an informed choice, find out the most recent 24-carat and 22-carat gold prices in India below. In India, the cost of ten grams of 24-carat gold is now ₹63,150, whereas that of 22-carat gold is ₹57,900. All pricing are current and compliant with industry norms.
Gold is a very precious metal, which is the fundamental part of various enterprises. Gold prices may be the first part of the day to be important for investors, as they want to see gold price stability for several reasons.
Gold prices in India are primarily determined by the international market prices for gold, converted to Indian Rupees (INR). Two common methods are used to calculate gold prices in India:
LBMA Fix: LBMA Fix is a benchmark pricing mechanism used worldwide. It determines the gold price twice a day based on proposed average bids and ask prices from participating banks.
IBJA Fix: IBJA Fix is a specific benchmark pricing mechanism for India. It calculates gold prices based on the average bids offered by local jewelers.
Gold Price For Last 10 Days in India
Date 24 Carat 22 Carat
22 th Dec ₹ 63,150 ₹57,900
21st Dec ₹63,150 ₹57,900
20st Dec ₹62,302 ₹57,069
19th Dec ₹62,084 ₹56,868
18th Dec ₹61,902 ₹56,702
17th Dec ₹62,367 ₹57,128
16th Dec ₹62,367 ₹57,128
15th Dec ₹62,367 ₹57,128
14th Dec ₹62,396 ₹57,155
13th Dec ₹61,201 ₹56,060
Learn about Gold:
24 Karat Gold: Considered the purest form of gold. 24 Karat gold, or pure gold, signifies 99.9% purity with no other metals present. Gold coins, bars, and other items are frequently made with it.
22 Karat Gold: Ideal for making jewelry. It contains 22 parts gold and 2 parts of other metals like silver or copper. When gold is combined with other metals, It gets stronger and more suitable for jewelry. 22 Karat gold often indicates a purity of 91.67%.
Gold Standard
Gold can be purchased in various forms, such as coins, bars, and jewelry.
Gold Coins: Compared to other forms of gold, some collectible gold coins are worth more on the market. Before making this transaction, nevertheless, the validity must be thoroughly verified.
Gold Bar: 99.5% to 99.99% purity levels are typical for investment-quality bullions or gold bars. Together with the weight and name of the maker, this information is stamped on the bar.
Gold is the most popular kind of jewelry and is significant culturally.
Factors Affecting Gold Prices in India: Gold remains one of the most popular investment avenues worldwide, particularly in India. Gold prices are subject to swings, just like those of other financial assets. While demand is a significant factor determining market prices, other factors play a role too. The following list of variables affects daily gold rates:
International Gold Prices: Global gold prices have a direct impact on Indian gold prices.
Demand and Supply: Market dynamics of demand and supply influence gold prices.
Interest Rates: Changes in interest rates affect the opportunity cost of holding gold.
Customs Duties and Taxes: Import duties and taxes imposed by the government can impact gold prices.
Gold Dealers and Associations: Local pricing are influenced by the decisions and actions of gold dealers and jeweler associations.
Making charges
Making charges are usually levied on gold jewellery and may differ from piece-to-piece, depending on the design, as well as from jeweller-to-jeweller.
Major Cities’ Gold Rates
A number of variables, such as demand, interest rates, octroi fees, state taxes, bullion associations, gold dealers, transportation expenses, making fees, and other similar considerations, can cause variations in gold rates between cities.
