Gold Rates in India Today: 16th Sep 2024
Gold Insights
Gold is a highly valued metal and remains a popular investment choice. Prices in India are subject to fluctuations based on market conditions and are closely observed during trading periods.
In India, gold is traded in two primary forms: 24K and 22K. The 24K gold, with a purity of 99.99%, is the purest form but is too soft for jewelry. The 22K gold, which consists of 22 parts gold mixed with 2 parts other metals like copper and zinc, is commonly used for jewelry.
India is the largest importer of gold, primarily to meet the demands of its jewelry industry, importing around 800-900 tones annually. Gold prices are influenced by several factors including currency exchange rates, global economic conditions, and interest rates. A weaker rupee against the US dollar typically leads to higher gold prices.
Gold can be purchased in various forms such as bars, coins, and jewelry, with investment options including physical gold, exchange-traded funds (ETFs), and sovereign bonds. Currently, India’s import duty on gold is set at 10%, with adjustments made by the central government based on import needs.
Gold is considered a secure investment and an effective hedge against inflation. The Bureau of Indian Standards officially marks gold with a hallmark to ensure purity, protecting buyers from adulteration.
Gold Rates in India Today
Updated on 16 Sep, 2024
Gold Prices in Major Cities
| City | 24 Carat Gold (10 grams) | 22 Carat Gold (10 grams) |
|---|---|---|
| Bangalore | ₹73,120 (+130.00) | ₹68,680 (+100.00) |
| Chennai | ₹73,260 (+160.00) | ₹69,110 (+170.00) |
| Delhi | ₹75,415 (+105.00) | ₹69,230 (+130.00) |
| Kolkata | ₹75,750 (+150.00) | ₹70,110 (+120.00) |
| Mumbai | ₹74,150 (+160.00) | ₹69,870 (+80.00) |
| Pune | ₹73,260 (+140.00) | ₹68,755 (+145.00) |
Gold Rates in Different Cities
| City | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Ahmedabad | ₹68,620 | ₹72,995 |
| Amritsar | ₹67,510 | ₹73,230 |
| Bangalore | ₹68,680 | ₹73,120 |
| Bhopal | ₹67,510 | ₹73,385 |
| Bhubaneswar | ₹68,170 | ₹73,650 |
| Chandigarh | ₹69,220 | ₹75,170 |
| Chennai | ₹69,110 | ₹73,260 |
| Coimbatore | ₹67,790 | ₹73,380 |
| Delhi | ₹69,230 | ₹75,415 |
| Faridabad | ₹69,230 | ₹75,415 |
| Gurgaon | ₹69,230 | ₹75,415 |
| Hyderabad | ₹69,165 | ₹73,270 |
| Jaipur | ₹68,750 | ₹73,415 |
| Kanpur | ₹67,870 | ₹73,345 |
| Kerala | ₹68,690 | ₹73,130 |
| Kochi | ₹67,410 | ₹73,490 |
| Kolkata | ₹70,110 | ₹75,750 |
| Lucknow | ₹68,125 | ₹73,565 |
| Madurai | ₹68,610 | ₹74,480 |
| Mangalore | ₹67,610 | ₹73,270 |
| Meerut | ₹69,230 | ₹75,415 |
| Mumbai | ₹69,870 | ₹74,150 |
| Mysore | ₹67,530 | ₹73,470 |
| Nagpur | ₹67,450 | ₹73,430 |
| Nashik | ₹67,450 | ₹73,390 |
| Patna | ₹69,495 | ₹73,930 |
| Pune | ₹68,755 | ₹73,260 |
| Surat | ₹67,510 | ₹73,230 |
| Vadodara | ₹70,640 | ₹74,270 |
| Vijayawada | ₹67,795 | ₹73,175 |
| Visakhapatnam | ₹68,475 | ₹73,115 |
Gold Rates Today in India :14th September
Historical Gold Prices (Last 15 Days)
| Date | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Sep 15, 2024 | ₹69,100 | ₹75,310 |
| Sep 14, 2024 | ₹69,100 | ₹75,310 |
| Sep 13, 2024 | ₹68,790 | ₹72,890 |
| Sep 12, 2024 | ₹68,790 | ₹72,890 |
| Sep 11, 2024 | ₹68,860 | ₹73,920 |
| Sep 10, 2024 | ₹67,350 | ₹73,460 |
| Sep 09, 2024 | ₹67,350 | ₹73,460 |
| Sep 08, 2024 | ₹67,350 | ₹73,460 |
| Sep 07, 2024 | ₹67,352 | ₹73,528 |
| Sep 06, 2024 | ₹67,352 | ₹73,528 |
| Sep 05, 2024 | ₹67,200 | ₹73,363 |
| Sep 04, 2024 | ₹66,537 | ₹72,638 |
| Sep 03, 2024 | ₹67,142 | ₹73,299 |
| Sep 02, 2024 | ₹67,364 | ₹73,541 |
Insights on Gold
Gold is a highly valued asset and a popular investment choice. Its prices in India are influenced by various factors, including global economic conditions, currency fluctuations, and domestic taxes.
There are two primary types of gold available in India: 24K and 22K. 24K gold is pure gold with a purity of 99.99%, but it’s generally too soft for jewelry. In contrast, 22K gold consists of 22 parts gold and 2 parts other metals, making it suitable for jewelry.
India is the largest importer of gold, primarily to meet the demands of its jewelry sector. The country imports between 800 and 900 tonnes of gold each year.
Gold prices can vary based on several factors such as currency exchange rates, global market trends, and domestic policies. A weaker Indian rupee against the US dollar usually leads to higher gold prices. Additionally, gold prices in different cities can be affected by local demand, taxes, and other charges.
Currently, the import duty on gold in India is 10%. This rate can be adjusted by the government to manage import levels.
Gold is often viewed as a stable investment, especially during economic uncertainties, and is a good hedge against inflation. In India, gold’s purity is certified by the Bureau of Indian Standards, ensuring consumers receive genuine gold.
FAQ’S
Why should you invest in gold?
Investing in gold offers a hedge against inflation and currency fluctuations. It is a stable asset that can diversify your investment portfolio and act as a safe haven during economic uncertainty.
What are the various forms of investing in gold?
Gold can be invested in through physical forms like bars and coins, financial products such as exchange-traded funds (ETFs) and sovereign gold bonds, or through digital gold platforms.
Does India import gold?
Yes, India is one of the largest importers of gold globally, mainly to meet the demands of its extensive jewelry industry.
How are gold prices today determined in India?
Gold prices in India are influenced by global market trends, currency fluctuations, import duties, and local demand and taxes. The value of gold is also affected by international economic conditions and geopolitical events.
What is the difference between 22K and 24K gold?
22K gold contains 91.67% pure gold mixed with other metals, making it suitable for jewelry. 24K gold is 99.99% pure gold and is too soft for practical use in jewelry but is ideal for investment purposes.
What is pure gold?
Pure gold, also known as 24K gold, is gold that is 99.99% pure with no additional metals or alloys mixed in. It is the highest form of gold purity.
How are gold rates determined in cities in India?
Gold rates in Indian cities are determined by factors such as local demand, state taxes, import duties, and global market prices. Rates can vary between cities due to these factors.
What is hallmarking of gold?
Hallmarking is a certification process that verifies the purity of gold. It ensures that gold products meet the specified standards of purity and protects buyers from fraud.
Who is responsible for hallmarking gold in India?
In India, the Bureau of Indian Standards (BIS) is responsible for hallmarking gold. It provides certification to ensure the purity and quality of gold products.
What does KDM gold mean?
KDM gold refers to gold jewelry that is alloyed with Cadmium (Cd) and is typically used for its enhanced durability and color. However, its use has declined due to health concerns associated with cadmium.
Today’s Gold Rates in Delhi
todays gold rates
- What is the 22k gold rate today in Delhi?
₹69,100 per 10 grams - What is the price of 24k gold (99.9%) in Delhi?
₹75,310 per 10 grams - दिल्ली में आज का 22k सोने का रेट क्या है?
₹69,100 प्रति 10 ग्राम - Today gold rate (22 carat)
Varies by city; Delhi rate is ₹69,100 per 10 grams - Gold rate today Delhi 1kg
₹6,91,000 (₹69,100 per 10 grams × 100) - Tanishq Gold rate today in Delhi
The general rate for 24k gold in Delhi is ₹75,310 per 10 grams. - Will gold prices increase tomorrow?
The forecasted gold price for tomorrow is ₹7,531 per gram for 24-carat gold, reflecting a minimal change. - What is the 22 carat gold price today in Delhi?
₹69,100 per 10 grams - What is the price of 24k gold 99.9 in Delhi today?
₹75,310 per 10 grams - What is the price of 24kt gold in Delhi today?
₹75,310 per 10 grams - What is the 22k gold rate today in India?
Varies by city; Delhi rate is ₹69,100 per 10 grams - How to check gold price in Delhi?
For current rates, you can check local jeweler websites, financial news platforms, or gold rate apps. - 22 Carat Gold Rates in New Delhi (Today & Yesterday)
- 1 gram: ₹6,910 today, ₹6,860 yesterday (increase of ₹50)
- 8 grams: ₹55,280 today, ₹54,880 yesterday (increase of ₹400)
- 24 Carat Gold Rates in New Delhi (Today & Yesterday)
- 1 gram: ₹7,531 today, ₹7,309 yesterday (increase of ₹222)
- 8 grams: ₹60,248 today, ₹58,472 yesterday (increase of ₹1,776)