Today’s Gold Rate in India – Updated on 02 December 2024
Gold has always been considered one of the most reliable and attractive investment options globally, and India is no exception. Today, gold remains a popular choice due to its value retention, ability to hedge against inflation, and emotional significance as a symbol of wealth. The price of gold fluctuates daily based on various global and domestic factors, including currency value, international market trends, interest rates, and geopolitical developments. In this blog post, we’ll take a detailed look at the gold rates today, focusing on different cities in India and the key factors that influence the price.
Current Gold Rates in India – 02 December 2024
Gold Rates Today (Updated on 02 Dec, 2024)
| Gold Type | Rate for 10 grams | Change |
|---|---|---|
| 24 Carat Gold | ₹78,163 | -10.00 |
| 22 Carat Gold | ₹71,663 | -10.00 |
Gold Price in Major Indian Metro Cities
Gold rates vary slightly from city to city due to factors such as state taxes, demand, and local bullion markets. Below are the latest gold prices today in major metro cities of India:
| City | 24 Carat Gold (₹ per 10g) | 22 Carat Gold (₹ per 10g) |
|---|---|---|
| Bangalore | ₹78,005 | ₹71,505 |
| Chennai | ₹78,011 | ₹71,511 |
| Delhi | ₹78,163 | ₹71,663 |
| Kolkata | ₹78,015 | ₹71,515 |
| Mumbai | ₹78,017 | ₹71,517 |
| Pune | ₹78,023 | ₹71,523 |
Gold Rate in Different Cities Across India
Gold prices tend to fluctuate even more when compared across different cities. Below is a comprehensive list of gold rates in several key cities across India for both 22 carat and 24 carat gold:
| City | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Ahmedabad | ₹71,571 | ₹78,071 |
| Amritsar | ₹71,690 | ₹78,190 |
| Bhopal | ₹71,574 | ₹78,074 |
| Coimbatore | ₹71,530 | ₹78,030 |
| Faridabad | ₹71,695 | ₹78,195 |
| Hyderabad | ₹71,519 | ₹78,019 |
| Jaipur | ₹71,656 | ₹78,156 |
| Kanpur | ₹71,683 | ₹78,183 |
| Kerala | ₹71,535 | ₹78,035 |
| Kochi | ₹71,536 | ₹78,036 |
| Lucknow | ₹71,679 | ₹78,179 |
| Madurai | ₹71,507 | ₹78,007 |
| Mangalore | ₹71,518 | ₹78,018 |
| Meerut | ₹71,689 | ₹78,189 |
| Mysore | ₹71,504 | ₹78,004 |
| Nashik | ₹71,567 | ₹78,067 |
| Surat | ₹71,578 | ₹78,078 |
| Vadodara | ₹71,584 | ₹78,084 |
| Vijayawada | ₹71,525 | ₹78,025 |
| Visakhapatnam | ₹71,527 | ₹78,027 |
Gold Price Trend Over the Last 15 Days
Gold prices can fluctuate based on both domestic and global factors, making it important for investors and buyers to track the trends. Here is a snapshot of the gold price trends over the last 15 days:
| Date | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Dec 01, 2024 | ₹71,673 | ₹78,173 |
| Nov 30, 2024 | ₹71,793 | ₹78,293 |
| Nov 29, 2024 | ₹71,063 | ₹77,513 |
| Nov 28, 2024 | ₹71,233 | ₹77,693 |
| Nov 27, 2024 | ₹70,963 | ₹77,403 |
| Nov 26, 2024 | ₹72,163 | ₹78,713 |
| Nov 25, 2024 | ₹73,163 | ₹79,803 |
| Nov 24, 2024 | ₹73,173 | ₹79,813 |
| Nov 23, 2024 | ₹72,433 | ₹79,003 |
| Nov 22, 2024 | ₹71,633 | ₹78,133 |
| Nov 21, 2024 | ₹71,333 | ₹77,803 |
| Nov 20, 2024 | ₹70,833 | ₹77,253 |
| Nov 19, 2024 | ₹70,133 | ₹76,493 |
| Nov 18, 2024 | ₹69,513 | ₹75,813 |
Factors Influencing Today’s Gold Rate
1. International Gold Prices:
The global gold market plays a significant role in determining the gold price in India. Factors such as inflation, interest rates, and geopolitical tensions drive the price of gold in international markets, which directly impacts the domestic prices.
2. Indian Rupee vs. Dollar:
Gold is internationally traded in US dollars. Therefore, any fluctuations in the exchange rate between the Indian rupee and the US dollar can affect gold prices in India. When the rupee weakens against the dollar, gold becomes more expensive for Indian buyers.
3. Government Policies:
India’s import duties, taxes, and regulations play a crucial role in gold prices. For example, the Indian government has imposed a 10% import duty on gold, which can raise local gold prices. The government occasionally adjusts these duties based on the economic situation.
4. Demand and Supply:
India’s demand for gold is typically high due to cultural significance, especially during festivals like Diwali and wedding seasons. Gold price can surge in such times due to increased demand.
5. Economic Indicators:
Interest rates, inflation, and the overall economic health of India also influence gold rates. If the economy is in turmoil, gold is often seen as a safe haven, which can increase demand and, consequently, prices.
Is It a Good Time to Invest in Gold?
With gold prices hovering at high levels, it’s natural to wonder whether it is a good time to invest in this precious metal. Historically, gold has always proven to be a safe investment, particularly during economic uncertainty. Investors who buy gold today can look forward to long-term wealth preservation, especially in a volatile global economic environment. Whether you choose to invest in gold coins, bars, or jewelry, or opt for exchange-traded funds (ETFs) or sovereign gold bonds, gold offers flexibility in investment options.
FAQs About Gold
1. Why Should You Invest in Gold?
Gold acts as a hedge against inflation and a safeguard during uncertain times. It has long been considered a safe asset that retains its value over time.
2. What Are the Various Forms of Investing in Gold?
Gold can be bought in physical forms like coins, bars, and jewelry, or through financial instruments like ETFs and sovereign gold bonds.
3. Does India Import Gold?
Yes, India is the largest importer of gold in the world, mainly for the jewelry industry.
4. What is the Difference Between 22K and 24K Gold?
24K gold is 99.99% pure, while 22K gold contains a mix of other metals, making it slightly less pure but more durable for jewelry.
5. What is Hallmarking of Gold?
Hallmarking is a certification process that guarantees the purity of gold. It is mandatory in India to ensure that consumers are buying gold of the correct purity.
Conclusion
Today’s gold rates show a stable yet slightly fluctuating pattern across various cities in India. Understanding how these rates are determined and the factors influencing gold prices is essential for making informed investment decisions. If you’re considering buying or investing in gold, tracking the current prices and understanding market trends can help you make the right choices.
FAQs and Answers:
- Today’s gold rate in Chennai The gold rate in Chennai today (December 2, 2024) for 24 Carat gold is ₹78,011 per 10 grams, and for 22 Carat gold, it is ₹71,511 per 10 grams.
- Today’s gold rate in Mysore The gold rate in Mysore today (December 2, 2024) for 24 Carat gold is ₹78,004 per 10 grams, and for 22 Carat gold, it is ₹71,504 per 10 grams.
- Today’s gold rate in Bangalore The gold rate in Bangalore today (December 2, 2024) for 24 Carat gold is ₹78,005 per 10 grams, and for 22 Carat gold, it is ₹71,505 per 10 grams.
- Today’s gold rate in Pune The gold rate in Pune today (December 2, 2024) for 24 Carat gold is ₹78,023 per 10 grams, and for 22 Carat gold, it is ₹71,523 per 10 grams.
- Today’s gold rate in Kolkata The gold rate in Kolkata today (December 2, 2024) for 24 Carat gold is ₹78,015 per 10 grams, and for 22 Carat gold, it is ₹71,515 per 10 grams.
- Today’s gold rate Pune The gold rate in Pune today (December 2, 2024) is ₹78,023 per 10 grams for 24 Carat gold, and ₹71,523 per 10 grams for 22 Carat gold.
- Today’s gold rate in Kerala The gold rate in Kerala today (December 2, 2024) for 24 Carat gold is ₹78,035 per 10 grams, and for 22 Carat gold, it is ₹71,535 per 10 grams.
- Today’s gold rate 22 carat The today’s gold rate for 22 Carat gold in India varies across cities. For example, in Chennai, it’s ₹71,511, while in Delhi, it’s ₹71,663 per 10 grams.
- Today’s gold rate in Delhi The gold rate in Delhi today (December 2, 2024) for 24 Carat gold is ₹78,163 per 10 grams, and for 22 Carat gold, it is ₹71,663 per 10 grams.
- Today’s gold rate in Mumbai The gold rate in Mumbai today (December 2, 2024) for 24 Carat gold is ₹78,017 per 10 grams, and for 22 Carat gold, it is ₹71,517 per 10 grams.
- Today’s gold rate Hyderabad The gold rate in Hyderabad today (December 2, 2024) for 24 Carat gold is ₹78,019 per 10 grams, and for 22 Carat gold, it is ₹71,519 per 10 grams.
- Today’s gold rate in Hyderabad The gold rate in Hyderabad today (December 2, 2024) for 24 Carat gold is ₹78,019 per 10 grams, and for 22 Carat gold, it is ₹71,519 per 10 grams.
- Today’s gold rate in India The gold rate in India today (December 2, 2024) for 24 Carat gold is ₹78,163 per 10 grams, and for 22 Carat gold, it is ₹71,663 per 10 grams. Prices can vary by city due to regional taxes and demand.
- Today’s gold rate in Mangalore The gold rate in Mangalore today (December 2, 2024) for 24 Carat gold is ₹78,018 per 10 grams, and for 22 Carat gold, it is ₹71,518 per 10 grams.
- Today’s gold rate Chennai The gold rate in Chennai today (December 2, 2024) for 24 Carat gold is ₹78,011 per 10 grams, and for 22 Carat gold, it is ₹71,511 per 10 grams.
- Today’s gold rate in Coimbatore The gold rate in Coimbatore today (December 2, 2024) for 24 Carat gold is ₹78,030 per 10 grams, and for 22 Carat gold, it is ₹71,530 per 10 grams.
- Today’s gold rate Delhi The gold rate in Delhi today (December 2, 2024) for 24 Carat gold is ₹78,163 per 10 grams, and for 22 Carat gold, it is ₹71,663 per 10 grams.
- Today’s gold rate in Vijayawada The gold rate in Vijayawada today (December 2, 2024) for 24 Carat gold is ₹78,025 per 10 grams, and for 22 Carat gold, it is ₹71,525 per 10 grams.
- Today’s gold rate 24 carat The today’s gold rate for 24 Carat gold in India on December 2, 2024, is ₹78,163 per 10 grams. This price can vary slightly by location due to local factors like taxes.
- What is today’s gold rate in Bangalore? The gold rate in Bangalore today (December 2, 2024) is ₹78,005 for 24 Carat gold per 10 grams, and ₹71,505 for 22 Carat gold.
- What is today’s 22k gold rate in GRT Chennai? The 22k gold rate in GRT Chennai today (December 2, 2024) is ₹71,511 per 10 grams for 22 Carat gold.
- What is today’s 24 carat gold rate in Hyderabad? The 24 carat gold rate in Hyderabad today (December 2, 2024) is ₹78,019 per 10 grams for 24 Carat gold.
- What is the today’s gold rate? The today’s gold rate in India for 24 Carat gold is ₹78,163 per 10 grams, and for 22 Carat gold, it is ₹71,663 as of December 2, 2024.
- What is today’s gold rate? The today’s gold rate in India for 24 Carat gold is ₹78,163 per 10 grams, and for 22 Carat gold, it is ₹71,663 as of December 2, 2024.
- What is today’s 22 carat gold rate in Bangalore? The 22 carat gold rate in Bangalore today (December 2, 2024) is ₹71,505 per 10 grams for 22 Carat gold.
- What is today’s 24 carat gold rate? The 24 carat gold rate today (December 2, 2024) is ₹78,163 per 10 grams in India, with some variations depending on location.
- What is today’s gold rate in Hyderabad? The gold rate in Hyderabad today (December 2, 2024) for 24 Carat gold is ₹78,019 per 10 grams, and for 22 Carat gold, it is ₹71,519 per 10 grams.