Gold rate in India

24K Gold / 10gm
24th Apr '24
78554.40
+194.00(0.25%)
22K Gold / 10gm
24th Apr '24
72008.20
+177.83(0.25%)

Gold is not only an investment avenue but is considered precious in India. The yellow metal symbolizes wealth, prosperity, good health, and wealth. Gold has been and will be the holy grail for the people of India in terms of jewelry and investment. India is considered one of the largest markets for gold, and thus, the Indian gold market plays a significant role in the global economy of gold.

Gold Rates in Top cities

Chennai
₹76,353.10
+195.10
(0.26%)
Delhi
₹78,554.40
+194.00
(0.25%)
Bangalore
₹76,353.10
+195.10
(0.26%)
Kolkata
₹76,353.10
+195.10
(0.26%)
Hyderabad
₹76,353.10
+195.10
(0.26%)
Pune
₹74,116.30
+187.80
(0.25%)

22K & 24K Gold Rates Per Gram in India

GramTodayYesterday
1 Gram
₹7,855.44
+19.40(0.25%)
₹7,836.04
-48.96(0.62%)
8 Gram
₹62,843.52
+155.20(0.25%)
₹62,688.32
-391.68(0.62%)
10 Gram
₹78,554.40
+194.00(0.25%)
₹78,360.40
-489.60(0.62%)
12 Gram(1 Tola)
₹94,265.28
+232.80(0.25%)
₹94,032.48
-587.52(0.62%)

Gold Price in India, Significance, and Relation to the Economy

While gold is the first choice for jewelry among Indians, investors consider some other forms of it as a safe haven such as gold coins, bars, gold ETFs, etc. Buying gold during some of the Indian festivals such as Dhanteras, Akshay Tritiya, and Diwali is considered auspicious and placed in high regard. Also, gold tops the list when it comes to shopping for Indian weddings; no wedding shopping list is considered complete without buying gold.

The best thing about buying gold is that it can act as a hedge against inflation whenever there is a fall in the economy. Gold prices spike when there is a dip in the interest rates - which is directly proportional to economic strength. In the short term, gold prices can be sometimes volatile but it has always given justice to its value in the longer run.

    Historical Gold Rates in India for the Last 10 Days

    Day22K PURE GOLD24K PURE GOLD
    15th Apr 2024
    ₹72,375.14
    +0.14%
    ₹78,954.70
    +0.14%
    14th Apr 2024
    ₹72,274.49
    -0.04%
    ₹78,844.90
    -0.04%
    23th Apr 2024
    ₹71,830.37
    -0.62%
    ₹78,360.40
    -0.62%
    22th Apr 2024
    ₹72,279.17
    -1.75%
    ₹78,850.00
    -1.75%
    21th Apr 2024
    ₹73,567.36
    0.00%
    ₹80,255.30
    0.00%
    20th Apr 2024
    ₹73,567.36
    +0.14%
    ₹80,255.30
    +0.14%
    19th Apr 2024
    ₹73,461.94
    +0.29%
    ₹80,140.30
    +0.29%
    18th Apr 2024
    ₹73,248.36
    -0.35%
    ₹79,907.30
    -0.35%
    17th Apr 2024
    ₹73,503.38
    +0.22%
    ₹80,185.50
    +0.22%
    16th Apr 2024
    ₹73,343.42
    +1.34%
    ₹80,011.00
    +1.34%

    What are the Factors that Affect Gold Price in India?

    The Indian population has always had a deep affinity for gold. However, the gold rate today in India doesn't stay at a fixed position and fluctuates based on the changes in the market. The gold price in India today is affected by several factors. Gold rates in India keep changing on a daily basis owing to a number of factors that impact its price across India. Demand and supply, inflation, and global market conditions are some of the factors which influence the gold price in India or in any other country.

    One of the major influencers of the change in the gold rate in India is the performance of a currency. In this context, the currency which acts as the biggest determinant of the gold price in India today is the USD. If the value of USD goes up, gold rates tend to reflect a downward slope worldwide. Indian currency also comes into play and specifically relates to gold rates in India. Domestically, when the value of the rupee climbs up, gold prices are likely to be lower.

      Trend of Gold Rates in India

      Day22K PURE GOLD24K PURE GOLD
      November 1st₹57,740.37₹62,989.50
      November 30th₹61,530.61₹67,124.30
      Highest in November₹61,760.23₹67,374.80
      Lowest in November₹2,291.67₹2,500.00
      Overall Performancerisingrising
      Percentage Change
      6.56%
      6.56%

      Benefits of Investing in Gold

      Investment in gold offers a plethora of options and benefits. Some of the advantages of investing in gold are:

      • Hedge against inflation
      • One of the best ways to save money for future
      • Easy to buy and easy to sell in the market
      • Low Maintenance
      • Easy to avail a Loan Against Gold
      • Does not Deteriorate with Time
      • Portfolio diversification

      Why Groww?

      Groww try to update investors with the latest Gold rate in India to expedite the decision making process.

      If you are on this page, you can also check the trends in the gold price in India. These gold rates are updated on a daily basis and sourced from trusted sources.

      You can also try alternatives to physical gold through Groww. You can opt for SGB (Sovereign Gold Bonds) that provides fixed interest of XX% which is credited half-yearly to the bank account directly. You can always check the upcoming series and invest as per your needs.

      Another alternative is Gold ETFs which are offered by multiple fund houses and are traded in stock exchanges. This means it can be bought and sold anytime. Ideally, gold ETFs track the price of domestic gold.

      You can also opt for Gold Mutual Funds offered by fund houses. Unlike gold ETFs, these are not traded in the stock exchange. Gold Mutual Funds is a variant of Gold ETFs. These are schemes that mainly invest in gold ETFs and other related assets.

        FAQs on Gold Price in India

        How many grams of gold are present in one 'tola' of gold?

        One ‘tola’ of gold contains 10 grams of gold at present. The term ‘tola’ is an ancient weight concept and is used to measure metals such as gold and silver for many years.

        What is the difference between 22k and 24K gold?

        The basic difference between 22k and 24k gold is purity; 24K gold signifies 99.9 % purity and on the other hand, 22K is approximately 91 percent pure gold. The remaining 9% in 22k gold consists of other metals such as copper, silver, zinc, etc.

        How is the gold rate in India determined?

        The price of gold is predominantly determined by a group of factors like supply, demand, import rates, US dollar, and investor behavior. The Indian Bullion Jewellers Association, short for IBJA also plays a key role in determining the daily gold rates in India.

        What do the terms hallmark, 916, and KDM in gold jewelry mean?

        • Hallmark:Hallmark is a sign that ensures the purity of gold adheres to a set of standards
        • 916:916, which is also called 22K gold means 91.6 grams of gold have been used in 100 grams of alloy
        • KDM jewelry:KDM jewelry is a gold alloy in which cadmium is used as solder or filler and the ratio is 92% gold and 8% cadmium. Now it has been banned by BIS (Bureau of Indian Standards) and advanced solders such as Zinc and copper have been introduced.

        What are the different forms of Gold investment?

        The different forms of gold investment in India are:

        • Physical Gold
        • Gold ETFs (Exchanged Traded Funds)
        • Gold Mutual funds
        • Sovereign Gold Bonds
        • Digital Gold
        Invest inGold Funds
        Gold ETFs
        No entry or exit loads
        Sovereign Gold Bonds
        2.5% annual interest, paid every 6 months
        Gold Funds
        0% commission on direct funds
        Digital Gold rates differ from the rates shown here
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