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Tuesday, Mar 19, 2024

Gold Rates Today in India

Updated on 19 Mar, 2024
67384+710.00
24 Carat Gold Rate (10 grams)
61723+650.00
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.

Graph of Gold Price in India

Gold Price in Metro Cities19 Mar,2024

  • Bangalore

    Per 10 gram 67187 +186.00
  • Chennai

    Per 10 gram 66596 -78.00
  • Delhi

    Per 10 gram 67384 +710.00
  • Kolkata

    Per 10 gram 67384 +383.00
  • Mumbai

    Per 10 gram 66990 -470.00
  • Pune

    Per 10 gram 67712 +842.00

    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

    Show More

    Gold Rate for Last 15 Days

    • Dates

    • 22 Carat Price

    • 24 Carat Price

    • Mar 18, 2024
    • 61073 -120.00
    • 66674 -131.00
    • Mar 17, 2024
    • 61193 -120.00
    • 66805 -131.00
    • Mar 16, 2024
    • 61313 394.00
    • 66936 430.00
    • Mar 15, 2024
    • 60919 -125.00
    • 66506 -136.00
    • Mar 14, 2024
    • 61044 -36.00
    • 66642 -39.00
    • Mar 13, 2024
    • 61080 -495.00
    • 66681 -541.00
    • Mar 12, 2024
    • 61575 827.00
    • 67222 903.00
    • Mar 11, 2024
    • 60748 59.00
    • 66319 65.00
    • Mar 10, 2024
    • 60689 -595.00
    • 66254 -650.00
    • Mar 09, 2024
    • 61284 893.00
    • 66904 975.00
    • Mar 08, 2024
    • 60391 -338.00
    • 65929 -370.00
    • Mar 07, 2024
    • 60729 374.00
    • 66299 409.00
    • Mar 06, 2024
    • 60355 637.00
    • 65890 696.00
    • Mar 05, 2024
    • 59718 797.00
    • 65194 870.00

    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.

    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.