Gold Rates (17 December 2024)
Gold Rate: All You Need to Know
Gold has always been a significant part of Indian culture, symbolizing wealth, prosperity, and investment security. The gold rate in India is a reflection of global market trends, domestic demand, and economic factors. Here’s an in-depth look at today’s gold prices and the factors affecting them.
Gold Rates Today in India (17 December 2024)
| Gold Type | Price (per 10 grams) |
|---|---|
| 24 Carat Gold | ₹78,053 |
| 22 Carat Gold | ₹71,563 |
Gold Prices in Major Indian Cities
| City | 24 Carat Gold (per 10g) | 22 Carat Gold (per 10g) |
|---|---|---|
| Bangalore | ₹77,895 | ₹71,405 |
| Chennai | ₹77,901 | ₹71,411 |
| Delhi | ₹78,053 | ₹71,563 |
| Kolkata | ₹77,905 | ₹71,415 |
| Mumbai | ₹77,907 | ₹71,417 |
| Pune | ₹77,913 | ₹71,423 |
Gold Rates in Other Indian Cities
Gold Rates in Different Cities of India (17 December 2024)
| City Name | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Ahmedabad | ₹71,471 | ₹77,961 |
| Amritsar | ₹71,610 | ₹78,100 |
| Bangalore | ₹71,405 | ₹77,895 |
| Bhopal | ₹71,474 | ₹77,964 |
| Bhubaneswar | ₹71,410 | ₹77,900 |
| Chandigarh | ₹71,572 | ₹78,062 |
| Chennai | ₹71,411 | ₹77,901 |
| Coimbatore | ₹71,430 | ₹77,920 |
| Delhi | ₹71,563 | ₹78,053 |
| Faridabad | ₹71,595 | ₹78,085 |
| Gurgaon | ₹71,588 | ₹78,078 |
| Hyderabad | ₹71,419 | ₹77,909 |
| Jaipur | ₹71,556 | ₹78,046 |
| Kanpur | ₹71,583 | ₹78,073 |
| Kerala | ₹71,435 | ₹77,925 |
| Kochi | ₹71,436 | ₹77,926 |
| Kolkata | ₹71,415 | ₹77,905 |
| Lucknow | ₹71,579 | ₹78,069 |
| Madurai | ₹71,407 | ₹77,897 |
| Mangalore | ₹71,418 | ₹77,908 |
| Meerut | ₹71,589 | ₹78,079 |
| Mumbai | ₹71,417 | ₹77,907 |
| Mysore | ₹71,404 | ₹77,894 |
| Nagpur | ₹71,431 | ₹77,921 |
| Nashik | ₹71,467 | ₹77,957 |
| Patna | ₹71,459 | ₹77,949 |
| Pune | ₹71,423 | ₹77,913 |
| Surat | ₹71,478 | ₹77,968 |
| Vadodara | ₹71,484 | ₹77,974 |
| Vijayawada | ₹71,425 | ₹77,915 |
| Visakhapatnam | ₹71,427 | ₹77,917 |
Factors Influencing Gold Rate in India
- Global Gold Prices: Since India imports most of its gold, international rates and geopolitical events have a direct impact.
- Currency Exchange Rates: A weakening Indian rupee against the US dollar makes gold more expensive domestically.
- Import Duties: The government periodically adjusts import duties, influencing gold prices.
- Market Demand: Festivals, weddings, and investment trends play a crucial role in driving gold rates.
- Economic Factors: Inflation, bond yields, and global monetary policies also affect the price of gold.
Gold Rate Trends for the Past 15 Days
Gold Rate for Last 15 Days (17 December 2024)
| Date | 22 Carat Price (₹) | Change (₹) | 24 Carat Price (₹) | Change (₹) |
|---|---|---|---|---|
| Dec 16, 2024 | ₹71,563 | -10.00 | ₹78,053 | -10.00 |
| Dec 15, 2024 | ₹71,573 | -890.00 | ₹78,063 | -970.00 |
| Dec 14, 2024 | ₹72,463 | -550.00 | ₹79,033 | -600.00 |
| Dec 13, 2024 | ₹73,013 | -20.00 | ₹79,633 | -20.00 |
| Dec 12, 2024 | ₹73,033 | +800.00 | ₹79,653 | +870.00 |
| Dec 11, 2024 | ₹72,233 | +750.00 | ₹78,783 | +820.00 |
| Dec 10, 2024 | ₹71,483 | +170.00 | ₹77,963 | +180.00 |
| Dec 09, 2024 | ₹71,313 | -10.00 | ₹77,783 | -10.00 |
| Dec 08, 2024 | ₹71,323 | -260.00 | ₹77,793 | -280.00 |
| Dec 07, 2024 | ₹71,583 | 0.00 | ₹78,073 | 0.00 |
| Dec 06, 2024 | ₹71,583 | +120.00 | ₹78,073 | +130.00 |
| Dec 05, 2024 | ₹71,463 | -20.00 | ₹77,943 | -20.00 |
| Dec 04, 2024 | ₹71,483 | +420.00 | ₹77,963 | +450.00 |
| Dec 03, 2024 | ₹71,063 | -600.00 | ₹77,513 | -650.00 |
Why is Gold a Preferred Investment?
- Hedge Against Inflation: Gold retains value even during economic downturns.
- Safe Haven Asset: Amid market volatility, gold offers stability.
- Cultural Significance: In India, gold is not just an investment but a tradition.
- Versatile Investment Options: Gold can be purchased as jewelry, coins, bars, ETFs, or sovereign bonds.
Difference Between 22K and 24K Gold
- 24 Carat Gold: Known as pure gold (99.99% purity), it’s soft and not ideal for making jewelry.
- 22 Carat Gold: Contains 91.67% gold mixed with metals like copper and zinc, making it suitable for jewelry.
Hallmarking and Purity of Gold
In India, gold is certified by the Bureau of Indian Standards (BIS) to ensure its purity. This hallmarking process protects buyers from adulterated gold.
Disclaimer
This article provides information about the gold rate for reference purposes only. Prices are subject to market changes and may vary slightly depending on local taxes and charges. Verify rates from trusted sources before making any transactions.