Gold Rate in India – December 19, 2024

Gold Rate in India – December 19, 2024

Gold remains a popular investment choice, especially in India, where it is considered a symbol of wealth and prosperity. The price of gold fluctuates daily, driven by global market trends and domestic factors. As of today, December 19, 2024, the gold rate in India for 24-carat gold is ₹78,003 for 10 grams, while the price for 22-carat gold is ₹71,513 for 10 grams.

Let’s dive deeper into the latest gold prices in India, including detailed data for metro cities and trends over the past 15 days.

Gold Prices Across Metro Cities in India (19 Dec 2024)

Gold prices vary across India’s major cities. Here’s a quick overview of the rates for both 24-carat and 22-carat gold in metro cities:

24-Carat Gold Price (Per 10 grams)

• Bangalore: ₹77,845
• Chennai: ₹77,851
• Delhi: ₹78,003
• Kolkata: ₹77,855
• Mumbai: ₹77,857
• Pune: ₹77,863

22-Carat Gold Price (Per 10 grams)

• Bangalore: ₹71,355
• Chennai: ₹71,361
• Delhi: ₹71,513
• Kolkata: ₹71,365
• Mumbai: ₹71,367
• Pune: ₹71,373

Gold Price Trends in Indian Cities

Gold prices differ from one city to another, based on local demand, taxes, and transportation costs. Here is a snapshot of gold prices across several cities for December 19, 2024:

As you can see, gold prices are relatively uniform in metro cities, but small variations exist. This is primarily due to regional taxes and market conditions.

How Gold Prices Have Changed Over the Last 15 Days

The price of gold fluctuates based on various global and domestic factors. Here’s a look at how the gold rates have moved in the past 15 days for both 22-carat and 24-carat gold:

FAQs About Gold Rates

What is the current gold rate in India?

As of December 19, 2024, the gold rate in India is ₹78,003 for 24-carat gold and ₹71,513 for 22-carat gold, both priced per 10 grams.

Why does gold price vary across cities in India?

Gold prices differ in various cities due to factors such as regional taxes, transportation costs, and demand in specific areas. Major metropolitan cities generally have slightly higher rates.

How often do gold prices change in India?

Gold prices in India typically fluctuate on a daily basis based on international market trends, currency fluctuations, and local supply and demand.

What is the difference between 22-carat and 24-carat gold?

24-carat gold is considered pure gold with 99.9% purity, while 22-carat gold contains 91.6% gold, with the remainder being other metals. 22-carat gold is often preferred for making jewelry as it is more durable than 24-carat gold.

What affects the price of gold in India?

The price of gold in India is influenced by various global and domestic factors, including:

• International gold prices: Global demand for gold, geopolitical events, and market conditions.
• Rupee-dollar exchange rate: A weaker Indian Rupee can lead to higher gold prices in India.
• Demand for gold: During festivals and wedding seasons, the demand for gold increases, which can push prices higher.
• Inflation: When inflation is high, investors often turn to gold as a hedge against currency devaluation.

Conclusion

Gold remains one of the most reliable investments in India. Prices of gold continue to be influenced by both domestic and international factors. As of December 19, 2024, the price of 24-carat gold is ₹78,003 for 10 grams, while 22-carat gold is priced at ₹71,513 for the same weight. Be sure to stay updated with the latest prices if you’re looking to invest or buy gold in India.

By keeping track of these fluctuations, you can make more informed decisions regarding your gold investments and purchases.