Todays Gold Rate (17 December 2024)
Todays Gold Rate: Understanding Gold Prices in India
Gold is a precious metal that has captured the hearts and wallets of Indians for centuries. Its importance as a safe investment, a hedge against inflation, and a symbol of cultural significance makes it a popular choice for buyers across the country. Here’s a detailed look at “todays gold rate” in India, including factors that influence these rates and updated gold prices in various cities.
Factors Influencing Todays Gold Rate in India
- International Gold Prices: Gold prices in India are heavily influenced by global market trends, as most of the gold is imported.
- Currency Exchange Rates: A weaker Indian rupee against the US dollar generally increases the price of gold.
- Import Duties and Taxes: The Indian government levies import duties, which impact the domestic price.
- Demand and Supply: High demand during festivals and wedding seasons often leads to price surges.
- Economic Factors: Interest rates, inflation, and geopolitical uncertainties also play a crucial role in determining gold rates.
Todays Gold Rate 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 Rate Across Other Indian Cities
| City | 24 Carat Gold (per 10g) | 22 Carat Gold (per 10g) |
|---|---|---|
| Ahmedabad | ₹77,961 | ₹71,471 |
| Amritsar | ₹78,100 | ₹71,610 |
| Chandigarh | ₹78,062 | ₹71,572 |
| Hyderabad | ₹77,909 | ₹71,419 |
| Jaipur | ₹78,046 | ₹71,556 |
| Kochi | ₹77,926 | ₹71,436 |
Gold Rate Trend for the Past 15 Days
| Date | 24 Carat Gold (per 10g) | Change | 22 Carat Gold (per 10g) | Change |
|---|---|---|---|---|
| Dec 16, 2024 | ₹78,053 | -10.00 | ₹71,563 | -10.00 |
| Dec 15, 2024 | ₹78,063 | -970.00 | ₹71,573 | -890.00 |
| Dec 14, 2024 | ₹79,033 | -600.00 | ₹72,463 | -550.00 |
| Dec 13, 2024 | ₹79,633 | -20.00 | ₹73,013 | -20.00 |
| Dec 12, 2024 | ₹79,653 | +870.00 | ₹73,033 | +800.00 |
Gold as an Investment in India
Gold offers several benefits as an investment:
- Physical Gold: Includes coins, bars, and jewelry.
- Gold ETFs: Exchange-traded funds allow investment without physical storage.
- Sovereign Gold Bonds: Issued by the Indian government, these bonds offer a fixed interest rate along with gold price appreciation.
FAQs About Todays Gold Rate
- What factors determine gold rates in India?
International market trends, currency fluctuations, import duties, and demand-supply balance influence gold prices. - What is the difference between 22K and 24K gold?
- 24K Gold: Pure gold with 99.99% purity, used for investment purposes.
- 22K Gold: 91.67% pure gold mixed with other metals, commonly used in jewelry.
- What is hallmarking?
Hallmarking ensures the purity and authenticity of gold and is managed by the Bureau of Indian Standards (BIS). - Why invest in gold?
Gold is a hedge against inflation, a stable investment during economic uncertainty, and a culturally significant asset in India.
Disclaimer
This content is for informational purposes only. The gold rates mentioned are based on publicly available data and may vary slightly depending on market conditions and local taxes. Always verify rates from a trusted source before making any purchases.