Gold Rate Today: Updated Gold Prices in India – 9th December 2024
Gold is one of the most sought-after commodities globally and a critical asset for investors and consumers in India. As the second-largest consumer of gold in the world, India witnesses fluctuations in gold prices due to various factors such as global economic conditions, currency exchange rates, and domestic taxes. This article provides the latest gold rate in India and explores the key factors influencing gold prices today.
Gold Rates Today in India (Updated on 9th December 2024)
| Gold Type | Price (10 grams) |
|---|---|
| 24 Carat Gold | ₹77,783 |
| 22 Carat Gold | ₹71,313 |
Gold Rates in Major Indian Cities (9th December 2024)
| City | 24 Carat Gold (Per 10 gram) | 22 Carat Gold (Per 10 gram) |
|---|---|---|
| Bangalore | ₹77,625 | ₹71,155 |
| Chennai | ₹77,631 | ₹71,161 |
| Delhi | ₹77,783 | ₹71,313 |
| Kolkata | ₹77,635 | ₹71,165 |
| Mumbai | ₹77,637 | ₹71,167 |
| Pune | ₹77,643 | ₹71,173 |
Gold Rates in Different Cities of India
| City | 24 Carat Price | 22 Carat Price |
|---|---|---|
| Ahmedabad | ₹77,691 | ₹71,221 |
| Amritsar | ₹77,810 | ₹71,340 |
| Bangalore | ₹77,625 | ₹71,155 |
| Bhopal | ₹77,694 | ₹71,224 |
| Bhubaneswar | ₹77,630 | ₹71,160 |
| Chandigarh | ₹77,792 | ₹71,322 |
| Chennai | ₹77,631 | ₹71,161 |
| Coimbatore | ₹77,650 | ₹71,180 |
| Delhi | ₹77,783 | ₹71,313 |
| Faridabad | ₹77,815 | ₹71,345 |
| Gurgaon | ₹77,808 | ₹71,338 |
| Hyderabad | ₹77,639 | ₹71,169 |
| Jaipur | ₹77,776 | ₹71,306 |
| Kanpur | ₹77,803 | ₹71,333 |
| Kerala | ₹77,655 | ₹71,185 |
| Kochi | ₹77,656 | ₹71,186 |
| Kolkata | ₹77,635 | ₹71,165 |
| Lucknow | ₹77,799 | ₹71,329 |
| Madurai | ₹77,627 | ₹71,157 |
| Mangalore | ₹77,638 | ₹71,168 |
| Meerut | ₹77,809 | ₹71,339 |
| Mumbai | ₹77,637 | ₹71,167 |
| Mysore | ₹77,624 | ₹71,154 |
| Nagpur | ₹77,651 | ₹71,181 |
| Nashik | ₹77,687 | ₹71,217 |
| Patna | ₹77,679 | ₹71,209 |
| Pune | ₹77,643 | ₹71,173 |
| Surat | ₹77,698 | ₹71,228 |
| Vadodara | ₹77,704 | ₹71,234 |
| Vijayawada | ₹77,645 | ₹71,175 |
| Visakhapatnam | ₹77,647 | ₹71,177 |
Gold Rate Trend for the Last 15 Days
| Date | 24 Carat Price | 22 Carat Price |
|---|---|---|
| Dec 08, 2024 | ₹77,793 | ₹71,323 |
| Dec 07, 2024 | ₹78,073 | ₹71,583 |
| Dec 06, 2024 | ₹78,073 | ₹71,583 |
| Dec 05, 2024 | ₹77,943 | ₹71,463 |
| Dec 04, 2024 | ₹77,963 | ₹71,483 |
| Dec 03, 2024 | ₹77,513 | ₹71,063 |
| Dec 02, 2024 | ₹78,163 | ₹71,663 |
| Dec 01, 2024 | ₹78,173 | ₹71,673 |
| Nov 30, 2024 | ₹78,293 | ₹71,793 |
| Nov 29, 2024 | ₹77,513 | ₹71,063 |
| Nov 28, 2024 | ₹77,693 | ₹71,233 |
| Nov 27, 2024 | ₹77,403 | ₹70,963 |
| Nov 26, 2024 | ₹78,713 | ₹72,163 |
| Nov 25, 2024 | ₹79,803 | ₹73,163 |
Understanding the Factors Affecting Gold Rate
The price of gold is influenced by several factors, both domestic and international. Here are a few key elements that drive gold prices:
- Global Market Trends: Gold prices are linked to global economic conditions, such as inflation rates, interest rates, and geopolitical tensions. Any uncertainty in the global market tends to push gold prices higher, as it is considered a safe-haven investment.
- Currency Exchange Rates: Since gold is traded globally in USD, fluctuations in the value of the Indian rupee against the dollar can impact gold prices in India. A weaker rupee typically results in higher gold prices.
- Import Duties: The Indian government imposes import duties on gold, which influences its price. The import duty is a significant factor, and any increase can result in a hike in domestic gold prices.
- Demand for Gold: In India, the demand for gold increases during festivals, weddings, and special occasions, driving prices higher. The wedding season and festive times like Diwali are when gold prices tend to rise due to high demand for jewelry.
- Global Gold Reserves: Central banks across the world hold gold reserves. Changes in these reserves, particularly if major economies like the US or China buy or sell gold in large quantities, can impact global gold prices.
Why is Gold a Popular Investment in India?
Gold has been considered a stable and valuable investment for centuries. It acts as a hedge against inflation and currency devaluation. In times of economic uncertainty, investors often turn to gold as a secure store of value.
In India, gold is also a preferred choice for gifting, especially during weddings and festivals. Over the years, it has evolved from being a mere ornament to an investment asset. Whether in the form of jewelry, coins, or bars, gold remains a trusted asset for many Indians.
Conclusion
The gold rate today reflects the ongoing trends in global and local markets, with prices fluctuating based on several factors. If you’re planning to invest or purchase gold, it’s crucial to stay updated on the daily price changes to make informed decisions.
Keep an eye on the latest gold rate trends and market developments to ensure that you can take advantage of favorable price fluctuations when investing in gold.
Today’s Gold Rate in India: A Comprehensive Overview (Updated on 09 Dec, 2024)
By following these key insights and staying informed about “gold rate” updates, you can enhance your understanding of the precious metal’s market dynamics and make smarter investment choices.