Today’s Gold Rate in India – Updated on 12 Nov, 2024
Gold rates in India are a hot topic for investors and buyers, especially as they fluctuate daily. As of today, November 12, 2024, here’s a detailed table showing the current prices of gold in India for different cities, along with their comparison of 22 carat and 24 carat gold.
Gold Rates for 12th November 2024 (Updated)
Gold Rates (24 Carat) – ₹/10 grams
| City | Price |
|---|---|
| Bangalore | ₹77,305 |
| Chennai | ₹77,311 |
| Delhi | ₹77,463 |
| Kolkata | ₹77,315 |
| Mumbai | ₹77,317 |
| Pune | ₹77,323 |
Gold Rates (22 Carat) – ₹/10 grams
| City | Price |
|---|---|
| Bangalore | ₹70,865 |
| Chennai | ₹70,871 |
| Delhi | ₹71,023 |
| Kolkata | ₹70,875 |
| Mumbai | ₹70,877 |
| Pune | ₹70,883 |
Gold Rates Across Various Indian Cities – 12th November 2024
| City | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Ahmedabad | ₹70,931 | ₹77,371 |
| Amritsar | ₹71,050 | ₹77,490 |
| Bangalore | ₹70,865 | ₹77,305 |
| Bhopal | ₹70,934 | ₹77,374 |
| Chandigarh | ₹71,032 | ₹77,472 |
| Chennai | ₹70,871 | ₹77,311 |
| Delhi | ₹71,023 | ₹77,463 |
| Faridabad | ₹71,055 | ₹77,495 |
| Gurgaon | ₹71,048 | ₹77,488 |
| Hyderabad | ₹70,879 | ₹77,319 |
| Jaipur | ₹71,016 | ₹77,456 |
| Kanpur | ₹71,043 | ₹77,483 |
| Kochi | ₹70,896 | ₹77,336 |
| Kolkata | ₹70,875 | ₹77,315 |
| Lucknow | ₹71,039 | ₹77,479 |
| Mumbai | ₹70,877 | ₹77,317 |
| Mysore | ₹70,864 | ₹77,304 |
| Nagpur | ₹70,891 | ₹77,331 |
| Pune | ₹70,883 | ₹77,323 |
| Surat | ₹70,938 | ₹77,378 |
| Vadodara | ₹70,944 | ₹77,384 |
| Vijayawada | ₹70,885 | ₹77,325 |
| Visakhapatnam | ₹70,887 | ₹77,327 |
Gold Rates for the Last 15 Days
Here’s a quick glance at how gold prices have fluctuated in the last 15 days, helping you track trends and price movements:
| Date | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Nov 11, 2024 | ₹72,373 (-₹550) | ₹78,933 (-₹600) |
| Nov 10, 2024 | ₹72,923 (0) | ₹79,533 (0) |
| Nov 09, 2024 | ₹72,923 (-₹100) | ₹79,533 (-₹110) |
| Nov 08, 2024 | ₹73,023 (+₹850) | ₹79,643 (+₹910) |
| Nov 07, 2024 | ₹72,173 (-₹1,650) | ₹78,733 (-₹1,790) |
| Nov 06, 2024 | ₹73,823 (+₹100) | ₹80,523 (+₹110) |
| Nov 05, 2024 | ₹73,723 (-₹100) | ₹80,413 (-₹160) |
| Nov 04, 2024 | ₹73,823 (0) | ₹80,573 (0) |
| Nov 03, 2024 | ₹73,823 (-₹190) | ₹80,573 (-₹150) |
| Nov 02, 2024 | ₹74,013 (-₹720) | ₹80,723 (-₹790) |
| Nov 01, 2024 | ₹74,733 (+₹150) | ₹81,513 (+₹170) |
| Oct 31, 2024 | ₹74,583 (+₹650) | ₹81,343 (+₹710) |
| Oct 30, 2024 | ₹73,933 (+₹620) | ₹80,633 (+₹670) |
| Oct 29, 2024 | ₹73,313 (-₹450) | ₹79,963 (-₹490) |
Why Gold Prices Fluctuate
The price of gold can fluctuate due to a variety of factors:
- Global Economic Conditions: Economic uncertainty, inflation, and currency fluctuations often lead to changes in gold prices.
- Demand & Supply: High demand for gold, especially in countries like India, can drive prices higher.
- Currency and Dollar Strength: Gold is traded in US dollars, so fluctuations in the value of the rupee against the dollar can affect prices in India.
- Government Policies: Import duties, taxes, and regulatory changes in countries that import gold significantly, like India, impact gold prices.
- Market Speculation: Like other commodities, gold prices are also influenced by speculative trading.
Investing in Gold: Why It’s a Good Option
Gold has long been a reliable investment in India, known for its value preservation and as a hedge against inflation. It is seen as a “safe haven” investment during times of economic volatility, and Indians continue to trust it, both as a store of value and for wealth creation.
There are two main types of gold:
- 24 Carat Gold (99.99% pure) – Ideal for investment but too soft for jewellery.
- 22 Carat Gold (91.67% pure) – Used primarily for making jewellery.
Forms of Gold Investment:
- Physical Gold: Bars, coins, or jewellery.
- Digital Gold: Purchased through online platforms and stored digitally.
- Gold ETFs: Investment in gold-backed exchange-traded funds.
- Sovereign Gold Bonds: Government-backed bonds offering interest along with capital appreciation.
FAQs About Today’s Gold Rate
1. Why should you invest in gold?
- Gold is considered a safe investment, particularly in uncertain times. It offers protection against inflation and currency fluctuations.
2. What is the difference between 22K and 24K gold?
- 24K gold is pure gold, while 22K gold contains 22 parts of gold and two other metals, making it more durable for jewellery.
3. Does India import gold?
- Yes, India is the largest importer of gold, primarily for its jewellery industry.
4. How are gold prices determined in India?
- Gold prices are influenced by factors such as global market trends, currency fluctuations, demand, and supply.
5. What is hallmarking of gold?
- Hallmarking is the process of certifying the purity of gold, ensuring it meets certain quality standards.
6. What does KDM gold mean?
- KDM gold refers to gold jewellery where 92% of the metal is gold, and the remaining 8% is typically a mix of other metals.
Conclusion
Tracking today’s gold rate in India is essential for anyone looking to buy or invest in gold. With fluctuations based on market dynamics, keeping up-to-date with gold prices across different cities helps you make informed decisions, whether you’re buying jewellery, coins, or investing in digital gold or ETFs.
Stay updated, make well-researched investments, and always opt for trusted dealers when purchasing gold.