Gold Rate: Updated on 17 January 2025
Gold Rates Today in India
Updated on 17 January 2025
Latest Gold Prices in India
- 24 Carat Gold Rate (10 grams): ₹80,803 (+550.00)
- 22 Carat Gold Rate (10 grams): ₹74,083 (+500.00)
India is the second-largest consumer of gold globally, following China. The majority of India’s gold demand is met through imports and recycled domestic bullion. Gold prices in India are influenced by international market rates (denominated in USD), import duties, and taxes. Gold is considered a reliable hedge against inflation. However, factors like bond yields, dollar rates, and economic developments also affect its prices.
Gold Price in Metro Cities (₹ per 10 grams)
24 Carat Gold Prices
| City | Rate (₹) | Change (₹) |
|---|---|---|
| Bangalore | 80,645 | +550.00 |
| Chennai | 80,651 | +550.00 |
| Delhi | 80,803 | +550.00 |
| Kolkata | 80,655 | +550.00 |
| Mumbai | 80,657 | +550.00 |
| Pune | 80,663 | +550.00 |
22 Carat Gold Prices
| City | Rate (₹) | Change (₹) |
|---|---|---|
| Bangalore | 73,925 | +500.00 |
| Chennai | 73,931 | +500.00 |
| Delhi | 74,083 | +500.00 |
| Kolkata | 73,935 | +500.00 |
| Mumbai | 73,937 | +500.00 |
| Pune | 73,943 | +500.00 |
Gold Rate in Various Indian Cities
| City | 22 Carat (₹) | 24 Carat (₹) |
|---|---|---|
| Ahmedabad | 73,991 | 80,711 |
| Amritsar | 74,110 | 80,830 |
| Bangalore | 73,925 | 80,645 |
| Chennai | 73,931 | 80,651 |
| Delhi | 74,083 | 80,803 |
| Mumbai | 73,937 | 80,657 |
Gold Rate Trends (Last 03 Days)
| Date | 22 Carat (₹) | Change (₹) | 24 Carat (₹) | Change (₹) |
|---|---|---|---|---|
| Jan 16, 2025 | 73,583 | +120.00 | 80,253 | +130.00 |
| Jan 15, 2025 | 73,463 | -120.00 | 80,123 | -130.00 |
| Jan 14, 2025 | 73,583 | +420.00 | 80,253 | +440.00 |
Gold Investment and Buying Guide
Gold, a timeless precious metal, is highly valued for both investment and jewelry-making. Here’s what you need to know:
- Forms of Gold:
- 24K Gold: Purity of 99.99%, too soft for jewelry but ideal for investment in bars or coins.
- 22K Gold: Mixed with metals like copper or zinc for durability, used in jewelry.
- Factors Influencing Gold Prices:
- International gold rates
- Import duties and taxes
- Rupee-dollar exchange rate
- Global economic trends and interest rates
- Investment Options:
- Physical gold (bars, coins, jewelry)
- Gold ETFs
- Sovereign gold bonds
- Hallmarking:
- A certification by the Bureau of Indian Standards (BIS) that guarantees the purity of gold.
FAQs About Gold
1. Why should you invest in gold?
Gold serves as a hedge against inflation and economic uncertainties. It is a safe and liquid asset for long-term wealth preservation.
2. What are the various forms of investing in gold?
Gold can be invested in physical form (jewelry, coins, bars), gold ETFs, mutual funds, or sovereign gold bonds.
3. Does India import gold?
Yes, India is the largest importer of gold, primarily to meet the jewelry industry’s demand.
4. How are gold prices determined in India?
Prices are influenced by international market rates, the rupee-dollar exchange rate, and domestic taxes like import duties.
5. What is the difference between 22K and 24K gold?
- 22K: Contains 91.67% gold, suitable for jewelry.
- 24K: Pure gold with 99.99% purity, ideal for investment.
6. What is pure gold?
24K gold is considered pure gold, free from impurities or alloys.
7. How are gold rates determined in Indian cities?
City-specific taxes, transportation costs, and local demand influence gold prices.
8. What is hallmarking of gold?
A BIS certification that ensures the purity of gold and protects buyers from adulteration.
9. Who is responsible for hallmarking gold in India?
The Bureau of Indian Standards (BIS) is responsible for hallmarking gold in India.
10. What does KDM gold mean?
KDM refers to gold soldered using cadmium, known for its purity in bonding jewelry.
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