Gold Rates Today: 08/09/2024
If you’re a gold enthusiast or investor, keeping track of daily gold prices can be crucial. Whether you’re buying gold for personal use or as an investment, knowing the current rates in different regions can help you make informed decisions. In this blog post, we’ll break down the gold rates for today, covering various categories such as 1 gram, 10 grams, 18kt, 22kt, and 24kt. We’ll provide detailed tables for both Indian states and top global countries to give you a comprehensive view of the market.
today gold rate (24 carat)
- today gold rate in Bangalore Per 10 gram ₹73,360
- today gold rate in Chennai Per 10 gram ₹73,310
- today gold rate Delhi Per 10 gram ₹73,460
- today gold rate Kolkata Per 10 gram ₹73,310
- today gold rate Mumbai Per 10 gram ₹73,310
- today gold rate Pune Per 10 gram ₹73,310
today gold rate (22 carat)
- today gold rate in Bangalore Per 10 gram ₹67,250
- today gold rate in Chennai Per 10 gram ₹67,200
- today gold rate in Delhi Per 10 gram ₹67,350
- today gold rate Kolkata Per 10 gram ₹67,200
- today gold rate in Mumbai Per 10 gram ₹67,200
- today gold rate Pune Per 10 gram ₹67,200
Gold Prices Today – 08 Sep 2024
Gold Price in Delhi
| Description | Price (₹) | Change (₹) |
|---|---|---|
| 10g of 24k gold (99.9%) | ₹73,460 | -68.00 |
| 10g of 22k gold (91.67%) | ₹67,350 | -2.00 |
Gold Rates in India
| Gold Type | Price (₹) – 10 grams | Change (₹) |
|---|---|---|
| 24 Carat Gold Rate | ₹73,460 | -68.00 |
| 22 Carat Gold Rate | ₹67,350 | -2.00 |
India ranks as the world’s second-largest consumer of gold, following China. The majority of the country’s gold demand is fulfilled through imports and the recycling of domestic bullion. In addition to international gold prices, which are quoted in US dollars, factors such as import duties and local taxes significantly influence domestic gold rates. While gold is often viewed as a safeguard against inflation, its price is also affected by bond yields and fluctuations in the US dollar. Below, you will find the most recent gold prices in key Indian cities.
Gold Price in Metro Cities
24 Carat Gold Rate (08 Sep, 2024)
| City | Price (₹) – Per 10 grams | Change (₹) |
|---|---|---|
| Bangalore | ₹73,360 | -384.00 |
| Chennai | ₹73,310 | -578.00 |
| Delhi | ₹73,460 | -68.00 |
| Kolkata | ₹73,310 | +285.00 |
| Mumbai | ₹73,310 | -74.00 |
| Pune | ₹73,310 | -218.00 |
22 Carat Gold Rate (08 Sep, 2024)
| City | Price (₹) – Per 10 grams | Change (₹) |
|---|---|---|
| Bangalore | ₹67,250 | -300.00 |
| Chennai | ₹67,200 | -481.00 |
| Delhi | ₹67,350 | -2.00 |
| Kolkata | ₹67,200 | +309.00 |
| Mumbai | ₹67,200 | -21.00 |
| Pune | ₹67,200 | -152.00 |
Gold Prices in Metro Cities of India
Gold Rates in Different Cities – 08th September 2024
| City Name | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Ahmedabad | ₹67,250 | ₹73,360 |
| Amritsar | ₹67,200 | ₹73,360 |
| Bangalore | ₹67,250 | ₹73,360 |
| Bhopal | ₹67,200 | ₹73,310 |
| Bhubaneswar | ₹67,200 | ₹73,310 |
| Chandigarh | ₹67,350 | ₹73,460 |
| Chennai | ₹67,200 | ₹73,310 |
| Coimbatore | ₹67,200 | ₹73,310 |
| Delhi | ₹67,350 | ₹73,460 |
| Faridabad | ₹67,200 | ₹73,310 |
| Gurgaon | ₹67,200 | ₹73,310 |
| Hyderabad | ₹67,200 | ₹73,310 |
| Jaipur | ₹67,350 | ₹73,460 |
| Kanpur | ₹67,200 | ₹73,310 |
| Kerala | ₹67,200 | ₹73,310 |
| Kochi | ₹67,200 | ₹73,310 |
| Kolkata | ₹67,200 | ₹73,310 |
| Lucknow | ₹67,350 | ₹73,460 |
| Madurai | ₹67,200 | ₹73,310 |
| Mangalore | ₹67,200 | ₹73,310 |
| Meerut | ₹67,200 | ₹73,310 |
| Mumbai | ₹67,200 | ₹73,310 |
| Mysore | ₹67,200 | ₹73,310 |
| Nagpur | ₹67,200 | ₹73,310 |
| Nashik | ₹67,230 | ₹73,340 |
| Patna | ₹67,250 | ₹73,360 |
| Pune | ₹67,200 | ₹73,310 |
| Surat | ₹67,250 | ₹73,360 |
| Vadodara | ₹67,250 | ₹73,360 |
| Vijayawada | ₹67,200 | ₹73,310 |
| Visakhapatnam | ₹67,200 | ₹73,310 |
1. Today Gold Rate
Answer:
The gold prices for today, September 08th, 2024, vary across different cities and states in India. Here’s a quick snapshot:
- Delhi: The price of 22 Karat gold is ₹67,350 per 10 gram, and the price of 24 Karat gold (also known as 999 gold) is ₹73,460 per 10 gram.
- Mumbai: For 22 Karat gold, it’s ₹67,200 per 10 gram, while 24 Karat gold is priced at ₹73,310 per 10 gram.
- Chennai: The cost for 22 Karat gold stands at ₹67,200 per 10 gram, with 24 Karat gold priced at ₹73,310 per 10 gram.
- Bangalore: Today, 22 Karat gold is available for ₹67,250 per 10 gram, and 24 Karat gold costs ₹73,360 per 10 gram.
The rates are indicative and may slightly vary depending on the dealer and market fluctuations.
Read More : Gold Rates Today: September 07, 2024
Understanding Gold as an Investment
Gold, a highly valued precious metal, is widely regarded as a lucrative investment option. In India, gold prices vary with market conditions and are closely monitored during trading periods.
Types of Gold Traded in India
In India, gold is available in two main purities: 24K and 22K. **24K gold** is the purest form, with a purity level of 99.99%. Due to its softness, it’s generally not used for jewelry. **22K gold**, however, consists of 22 parts gold mixed with 2 parts of other metals like copper and zinc. This alloy is commonly used in crafting jewelry.
Gold Imports and Demand
India is the largest gold importer globally, primarily to meet the demands of its robust jewelry industry. Annually, the country imports approximately 800 to 900 tonnes of gold.
Factors Influencing Gold Prices
Gold prices are influenced by a range of factors including currency fluctuations, global economic conditions, and interest rates. For instance, if the Indian rupee weakens against the US dollar, gold prices in India typically rise. Additionally, global economic trends and monetary policies also impact gold pricing.
Pricing in Indian Cities
Gold prices in Indian cities vary based on local demand, state taxes, and other factors such as octroi and interest levies. Gold can be purchased in several forms, including bars, coins, and jewelry. Investment options include physical gold, exchange-traded funds (ETFs), and sovereign gold bonds.
Import Duties and Regulations
Currently, India’s import duty on gold is set at 10%. The central government periodically adjusts this duty to manage import levels.
Gold as a Safe Investment
Gold is considered a secure investment, particularly as a hedge against inflation. Given the current geopolitical climate, many investors turn to gold for its stability and reliability.
Hallmarking and Purity
In India, gold is officially certified by the Bureau of Indian Standards (BIS) through a process known as hallmarking. This certification ensures the purity of gold and protects buyers from adulteration.
Gold Rate for Last 15 Days
| Date | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Sep 07, 2024 | ₹67,352 (0.00) | ₹73,528 (0.00) |
| Sep 06, 2024 | ₹67,352 (+152.00) | ₹73,528 (+165.00) |
| Sep 05, 2024 | ₹67,200 (+663.00) | ₹73,363 (+725.00) |
| Sep 04, 2024 | ₹66,537 (-605.00) | ₹72,638 (-661.00) |
| Sep 03, 2024 | ₹67,142 (-222.00) | ₹73,299 (-242.00) |
| Sep 02, 2024 | ₹67,364 (-330.00) | ₹73,541 (-360.00) |
| Sep 01, 2024 | ₹67,694 (+659.00) | ₹73,901 (+720.00) |
| Aug 31, 2024 | ₹67,035 (-963.00) | ₹73,181 (-1052.00) |
| Aug 30, 2024 | ₹67,998 (+819.00) | ₹74,233 (+893.00) |
| Aug 29, 2024 | ₹67,179 (+65.00) | ₹73,340 (+71.00) |
| Aug 28, 2024 | ₹67,114 (-857.00) | ₹73,269 (-934.00) |
| Aug 27, 2024 | ₹67,971 (+1304.00) | ₹74,203 (+1422.00) |
| Aug 26, 2024 | ₹66,667 (+288.00) | ₹72,781 (+315.00) |
| Aug 25, 2024 | ₹66,379 (-223.00) | ₹72,466 (-244.00) |
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 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.
Disclaimer
Please note that the gold prices provided above are indicative and may vary slightly due to fluctuations in the market. The rates are sourced from local dealers and global market data. Always check with a reliable source or your local dealer for the most accurate and current prices before making any transactions.
By keeping up with these rates, you can make better decisions whether you’re purchasing gold as an investment or for personal use. Remember, gold prices are influenced by various factors including market demand, economic conditions, and geopolitical events, so it’s always good to stay updated!
Hope this information helps you stay on top of the gold market trends. Feel free to reach out if you have any questions or need further assistance!