Gold Price Today in India – Updated 13 September 2024
If you’re a gold enthusiast or investor, keeping track of daily gold price today can be crucial. Whether you’re buying gold for personal use or as an investment, knowing the current rates in different regions can help you make informed decisions. In this blog post, we’ll break down the gold price today, covering various categories such as 1 gram, 10 grams, 18kt, 22kt, and 24kt. We’ll provide detailed tables for both Indian states and top global countries to give you a comprehensive view of the market.
Key Points:
1. Gold Prices Today in Metro Cities: Displays prices for 22 Carat and 24 Carat gold for selected metro cities.
2. Gold Price Today in Different Cities in India: Shows 22 Carat and 24 Carat gold prices for various cities across India.
3. Gold Price Today in India: Presents the gold rates for 22 Carat and 24 Carat gold as of today.
4. Gold Price for Last 15 Days: Provides historical gold price trends for the past 15 days.
Gold Price Today in India – Updated 13 September 2024
National Gold Rates
Gold Type | Price (10 grams) |
---|---|
24 Carat | ₹72,890 |
22 Carat | ₹68,790 |
India remains the world’s second-largest consumer of gold, following China. The country predominantly meets its gold demand through imports and domestic recycling of bullion. Consequently, domestic gold prices are influenced by international rates, import duties, and local taxes. Gold is often viewed as a hedge against inflation, but factors such as bond yields and the exchange rate of the dollar also impact its price.
Gold Price Today in Major Indian Cities (13 September 2024)
City | 24 Carat (Per 10 grams) | 22 Carat (Per 10 grams) |
---|---|---|
Bangalore | ₹72,200 | ₹67,960 |
Chennai | ₹72,220 | ₹67,680 |
Delhi | ₹72,890 | ₹68,790 |
Kolkata | ₹74,510 | ₹68,730 |
Mumbai | ₹73,100 | ₹67,870 |
Pune | ₹72,610 | ₹68,430 |
Also Read: Gold Rates as of September 12, 2024
Gold Price Today in Different Cities
City | 22 Carat Price | 24 Carat Price |
---|---|---|
Ahmedabad | ₹67,460 | ₹71,790 |
Amritsar | ₹66,560 | ₹72,210 |
Bangalore | ₹67,960 | ₹72,200 |
Bhopal | ₹66,470 | ₹72,240 |
Bhubaneswar | ₹66,440 | ₹72,190 |
Chandigarh | ₹69,150 | ₹73,770 |
Chennai | ₹67,680 | ₹72,220 |
Coimbatore | ₹66,720 | ₹72,230 |
Delhi | ₹68,790 | ₹72,890 |
Faridabad | ₹68,790 | ₹72,890 |
Gurgaon | ₹68,790 | ₹72,890 |
Hyderabad | ₹67,680 | ₹72,320 |
Jaipur | ₹67,900 | ₹72,490 |
Kanpur | ₹66,930 | ₹71,870 |
Kerala | ₹67,530 | ₹72,100 |
Kochi | ₹66,660 | ₹72,240 |
Kolkata | ₹68,730 | ₹74,510 |
Lucknow | ₹66,540 | ₹72,190 |
Madurai | ₹67,140 | ₹73,410 |
Mangalore | ₹66,780 | ₹71,980 |
Meerut | ₹68,790 | ₹72,890 |
Mumbai | ₹67,870 | ₹73,100 |
Mysore | ₹66,430 | ₹72,000 |
Nagpur | ₹66,420 | ₹72,050 |
Nashik | ₹66,790 | ₹72,320 |
Patna | ₹68,800 | ₹72,670 |
Pune | ₹68,430 | ₹72,610 |
Surat | ₹66,560 | ₹72,210 |
Vadodara | ₹70,330 | ₹73,870 |
Vijayawada | ₹68,100 | ₹72,630 |
Visakhapatnam | ₹67,080 | ₹72,380 |
Information on Gold Investment
Gold is a highly valued investment option, known for its ability to act as a hedge against inflation and economic instability. In India, gold is traded in two main forms: 24 Karat (24K) and 22 Karat (22K). 24K gold is nearly pure gold (99.99%) and is too soft for jewelry, while 22K gold contains 22 parts gold and 2 parts other metals, making it suitable for jewelry.
India’s gold imports cater mainly to the jewelry industry, with the country importing approximately 800-900 tonnes annually. Gold prices are influenced by factors such as currency fluctuations, global economic conditions, and interest rates. In India, gold is marked by the Bureau of Indian Standards (BIS) through hallmarking, which ensures its purity and protects buyers from adulteration.
Historical Gold Rates (Last 15 Days)
Date | 22 Carat Price | 24 Carat Price |
---|---|---|
Sep 12, 2024 | ₹68,790 (-70.00) | ₹72,890 (-1,030.00) |
Sep 11, 2024 | ₹68,860 (+1,510.00) | ₹73,920 (+460.00) |
Sep 10, 2024 | ₹67,350 (0.00) | ₹73,460 (0.00) |
Sep 09, 2024 | ₹67,350 (0.00) | ₹73,460 (0.00) |
Sep 08, 2024 | ₹67,350 (-2.00) | ₹73,460 (-68.00) |
Sep 07, 2024 | ₹67,352 (0.00) | ₹73,528 (0.00) |
Sep 06, 2024 | ₹67,352 (+152.00) | ₹73,528 (+165.00) |
Sep 05, 2024 | ₹67,200 (+663.00) | ₹73,363 (+725.00) |
Sep 04, 2024 | ₹66,537 (-605.00) | ₹72,638 (-661.00) |
Sep 03, 2024 | ₹67,142 (-222.00) | ₹73,299 (-242.00) |
Sep 02, 2024 | ₹67,364 (-330.00) | ₹73,541 (-360.00) |
Sep 01, 2024 | ₹67,694 (+659.00) | ₹73,901 (+720.00) |
Aug 31, 2024 | ₹67,035 (-963.00) | ₹73,181 (-1,052.00) |
Aug 30, 2024 | ₹67,998 (+819.00) | ₹74,233 (+893.00) |
FAQ’S
Why should you invest in gold?
Investing in gold offers a hedge against inflation and currency fluctuations. It is a stable asset that can diversify your investment portfolio and act as a safe haven during economic uncertainty.
What are the various forms of investing in gold?
Gold can be invested in through physical forms like bars and coins, financial products such as exchange-traded funds (ETFs) and sovereign gold bonds, or through digital gold platforms.
Does India import gold?
Yes, India is one of the largest importers of gold globally, mainly to meet the demands of its extensive jewelry industry.
How are gold prices today determined in India?
Gold prices in India are influenced by global market trends, currency fluctuations, import duties, and local demand and taxes. The value of gold is also affected by international economic conditions and geopolitical events.
What is the difference between 22K and 24K gold?
22K gold contains 91.67% pure gold mixed with other metals, making it suitable for jewelry. 24K gold is 99.99% pure gold and is too soft for practical use in jewelry but is ideal for investment purposes.
What is pure gold?
Pure gold, also known as 24K gold, is gold that is 99.99% pure with no additional metals or alloys mixed in. It is the highest form of gold purity.
How are gold rates determined in cities in India?
Gold rates in Indian cities are determined by factors such as local demand, state taxes, import duties, and global market prices. Rates can vary between cities due to these factors.
What is hallmarking of gold?
Hallmarking is a certification process that verifies the purity of gold. It ensures that gold products meet the specified standards of purity and protects buyers from fraud.
Who is responsible for hallmarking gold in India?
In India, the Bureau of Indian Standards (BIS) is responsible for hallmarking gold. It provides certification to ensure the purity and quality of gold products.
What does KDM gold mean?
KDM gold refers to gold jewelry that is alloyed with Cadmium (Cd) and is typically used for its enhanced durability and color. However, its use has declined due to health concerns associated with cadmium.
Disclaimer
Please note that the gold prices provided above are indicative and may vary slightly due to fluctuations in the market. The rates are sourced from local dealers and global market data. Always check with a reliable source or your local dealer for the most accurate and current prices before making any transactions.
By keeping up with these rates, you can make better decisions whether you’re purchasing gold as an investment or for personal use. Remember, gold prices are influenced by various factors including market demand, economic conditions, and geopolitical events, so it’s always good to stay updated!
Hope this information helps you stay on top of the gold market trends. Feel free to reach out if you have any questions or need further assistance!