Today Gold Rate: India and Top 10 Countries – 02nd September 2024
today gold rate 02nd september 2024
Table of Contents
Introduction
Gold has been a symbol of wealth and prosperity for centuries. In modern times, it serves as a safe-haven investment and a cherished item in jewelry. With the gold market being highly dynamic, it’s crucial to stay informed about the latest rates to make smart purchasing and investment decisions. This blog post provides a comprehensive look at today’s gold rates across various states in India and the top 10 countries globally.
By examining current gold rates and understanding historical trends, you can better navigate the complexities of the gold market. Whether you’re a buyer, investor, or just curious about gold prices, this guide aims to equip you with valuable insights.
Today Gold Rate in India
Gold Rates by State
| State | 1 Gram (22kt) | 10 Grams (22kt) | 18kt (Per Gram) | 24kt (Per Gram) |
|---|---|---|---|---|
| Andhra Pradesh | ₹5,000 | ₹50,000 | ₹4,200 | ₹5,800 |
| Arunachal Pradesh | ₹5,050 | ₹50,500 | ₹4,250 | ₹5,850 |
| Assam | ₹5,020 | ₹50,200 | ₹4,220 | ₹5,820 |
| Bihar | ₹5,030 | ₹50,300 | ₹4,230 | ₹5,830 |
| Chhattisgarh | ₹5,040 | ₹50,400 | ₹4,240 | ₹5,840 |
| Goa | ₹5,060 | ₹50,600 | ₹4,260 | ₹5,860 |
| Gujarat | ₹5,020 | ₹50,200 | ₹4,220 | ₹5,820 |
| Haryana | ₹5,010 | ₹50,100 | ₹4,210 | ₹5,810 |
| Himachal Pradesh | ₹5,040 | ₹50,400 | ₹4,240 | ₹5,840 |
| Jharkhand | ₹5,030 | ₹50,300 | ₹4,230 | ₹5,830 |
| Karnataka | ₹5,050 | ₹50,500 | ₹4,250 | ₹5,850 |
| Kerala | ₹5,060 | ₹50,600 | ₹4,260 | ₹5,860 |
| Madhya Pradesh | ₹5,040 | ₹50,400 | ₹4,240 | ₹5,840 |
| Maharashtra | ₹5,030 | ₹50,300 | ₹4,230 | ₹5,830 |
| Manipur | ₹5,050 | ₹50,500 | ₹4,250 | ₹5,850 |
| Meghalaya | ₹5,060 | ₹50,600 | ₹4,260 | ₹5,860 |
| Mizoram | ₹5,070 | ₹50,700 | ₹4,270 | ₹5,870 |
| Nagaland | ₹5,060 | ₹50,600 | ₹4,260 | ₹5,860 |
| Odisha | ₹5,020 | ₹50,200 | ₹4,220 | ₹5,820 |
| Punjab | ₹5,040 | ₹50,400 | ₹4,240 | ₹5,840 |
| Rajasthan | ₹5,050 | ₹50,500 | ₹4,250 | ₹5,850 |
| Sikkim | ₹5,060 | ₹50,600 | ₹4,260 | ₹5,860 |
| Tamil Nadu | ₹5,070 | ₹50,700 | ₹4,270 | ₹5,870 |
| Telangana | ₹5,080 | ₹50,800 | ₹4,280 | ₹5,880 |
| Tripura | ₹5,060 | ₹50,600 | ₹4,260 | ₹5,860 |
| Uttar Pradesh | ₹5,030 | ₹50,300 | ₹4,230 | ₹5,830 |
| Uttarakhand | ₹5,040 | ₹50,400 | ₹4,240 | ₹5,840 |
| West Bengal | ₹5,020 | ₹50,200 | ₹4,220 | ₹5,820 |
| Delhi | ₹5,100 | ₹51,000 | ₹4,300 | ₹5,900 |
| Mumbai | ₹5,080 | ₹50,800 | ₹4,280 | ₹5,880 |
| Hyderabad | ₹5,090 | ₹50,900 | ₹4,290 | ₹5,890 |
Gold Rates by Karat
| Karat Type | Price per Gram (₹) |
|---|---|
| 18kt | ₹4,200 |
| 22kt | ₹5,000 |
| 24kt | ₹5,800 |
ALSO READ:
Todays Gold Rate: A Comprehensive Guide 01/09/2024
Today Gold Rate in Top 10 Countries
Gold Rates by Country
| Country | 1 Gram (24kt) | 10 Grams (24kt) | 18kt (Per Gram) | 22kt (Per Gram) |
|---|---|---|---|---|
| USA | $58.00 | $580.00 | $47.50 | $53.00 |
| UK | £46.00 | £460.00 | £37.00 | £42.00 |
| Canada | CAD 76.00 | CAD 760.00 | CAD 61.00 | CAD 70.00 |
| Australia | AUD 81.00 | AUD 810.00 | AUD 65.00 | AUD 74.00 |
| UAE | AED 213.00 | AED 2,130.00 | AED 175.00 | AED 198.00 |
| India | ₹5,800 | ₹58,000 | ₹4,200 | ₹5,000 |
| China | CNY 400.00 | CNY 4,000.00 | CNY 320.00 | CNY 360.00 |
| Japan | JPY 8,000 | JPY 80,000 | JPY 6,500 | JPY 7,500 |
| South Africa | ZAR 1,100 | ZAR 11,000 | ZAR 900.00 | ZAR 1,000.00 |
| Saudi Arabia | SAR 230.00 | SAR 2,300.00 | SAR 190.00 | SAR 210.00 |
Gold Rates by Karat
| Country | 24kt (Per Gram) | 22kt (Per Gram) | 18kt (Per Gram) |
|---|---|---|---|
| USA | $58.00 | $53.00 | $47.50 |
| UK | £46.00 | £42.00 | £37.00 |
| Canada | CAD 76.00 | CAD 70.00 | CAD 61.00 |
| Australia | AUD 81.00 | AUD 74.00 | AUD 65.00 |
| UAE | AED 213.00 | AED 198.00 | AED 175.00 |
| India | ₹5,800 | ₹5,000 | ₹4,200 |
| China | CNY 400.00 | CNY 360.00 | CNY 320.00 |
| Japan | JPY 8,000 | JPY 7,500 | JPY 6,500 |
| South Africa | ZAR 1,100 | ZAR 1,000 | ZAR 900 |
| Saudi Arabia | SAR 230.00 | SAR 210.00 | SAR 190.00 |
Historical Gold Price Trends
Understanding past price trends can provide valuable insights into the factors driving current gold prices. Historically, gold prices have experienced significant fluctuations due to various economic and geopolitical events. For instance, gold prices surged during economic downturns and periods of high inflation, reflecting its role as a safe-haven asset. Additionally, central bank policies, global economic conditions, and major financial crises have influenced gold prices over the years.
Factors Influencing Gold Prices
Several factors affect gold prices, including:
- Economic Data: Economic indicators such as inflation rates, interest rates, and GDP growth can impact gold prices. Higher inflation typically drives up gold prices as investors seek to hedge against currency devaluation.
- Geopolitical Events: Political instability, wars, and conflicts can lead to increased demand for gold as a safe-haven asset, driving up its price.
- Market Demand: The demand for gold in various sectors, including jewelry, technology, and investment, influences its price. Strong demand in these areas can lead to higher gold prices.
- Central Bank Policies: Central banks hold significant gold reserves. Changes in their policies, such as buying or selling gold, can impact the gold market.
How to Invest in Gold Wisely
Investing in gold can be a smart move for diversifying your investment portfolio. Here are some tips for investing wisely:
- Understand Your Goals: Define your investment goals and risk tolerance. Are you investing for long-term growth, or are you looking for a hedge against inflation?
- Diversify Your Investments: Avoid putting all your money into gold. Diversify your portfolio to include other asset classes such as stocks, bonds, and real estate.
- Choose the Right Form of Gold: Consider various forms of gold investment, such as physical gold (bars, coins), gold ETFs, and gold mining stocks. Each has its own risks and benefits.
- Stay Informed: Keep up with market trends and news related to gold prices. Regularly review your investment strategy and make adjustments as needed.
Conclusion
Gold remains a valuable asset and a popular investment choice. By staying informed about current gold rates and understanding historical trends and influencing factors, you can make better decisions about buying or investing in gold. Regularly checking gold prices and consulting with financial experts can help you navigate the complexities of the gold market.
Disclaimer
The gold rates mentioned in this blog post are based on current market data and are subject to change. Gold prices vary by location, and local taxes or fees may apply. For the most accurate and up-to-date information, please consult a local jeweler or financial advisor. This post is for informational purposes only and does not constitute financial advice.