Today Gold Rate in India: If you’re thinking about making a gold investment or purchasing gold jewelry for yourself, you may obtain all the necessary information before making your purchase. 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 ₹62,335 , whereas that of 22-carat gold is ₹57,100. 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.
1 Gram, 10 Gram & 100 Gram Gold Prices in India Today
Carat 1 Gram 10 Gram 100 Gram
24 Carat ₹6,234 ₹62,335 ₹623,350
22 Carat ₹5,710 ₹57,100 ₹571,000
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:
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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.
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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
21st Dec ₹62,335 ₹57,100
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
12th Dec ₹61,277 ₹56,130
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 Prices in Major Cities: Gold rates may vary city-wise based on factors like demand, interest rates, making charges, state taxes, gold traders, jeweler associations, transportation costs, and other variables.
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:
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International Gold Prices: Global gold prices have a direct impact on Indian gold prices.
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Demand and Supply: Market dynamics of demand and supply influence gold prices.
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Interest Rates: Changes in interest rates affect the opportunity cost of holding gold.
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Customs Duties and Taxes: Import duties and taxes imposed by the government can impact gold prices.
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Gold Dealers and Associations: Local pricing are influenced by the decisions and actions of gold dealers and jeweler associations.
How is hallmark Gold Rate Determined in India Today
The important thing to keep in mind is that hallmarked gold price in India does not differ when it comes to the pricing. The difference lies in the quality of the metal used. When you buy gold, buy good quality gold. It is good to buy the hallmarked gold as it ensures the quality. Many investors have raised their opinions on the less number of hallmarking centres available in our country. This is an important issue that needs to be addressed by our government so that number of hallmarking centres can be increased. This will be of great help to the consumers across India.
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