Today’s Gold Rate in India – Updated on 28 Nov, 2024
Gold remains a popular investment and a symbol of wealth, especially in India, where its significance spans cultural, economic, and financial dimensions. The prices of gold fluctuate daily, driven by a variety of factors, including global demand, geopolitical tensions, and changes in local markets. If you’re planning to buy or invest in gold today, knowing the latest prices is crucial. Below, we provide the current gold rate in India for both 22-carat and 24-carat gold, along with prices in metro cities.
Gold Rate in India Today
As of 28th November 2024, the 24-carat gold price is ₹77,693 per 10 grams, reflecting an increase of ₹290. Similarly, the 22-carat gold price stands at ₹71,233 per 10 grams, up by ₹270. These prices can vary across different cities, and it’s essential to keep track of the daily fluctuations if you’re looking to invest or purchase gold.
Latest Gold Price in Metro Cities – 28 Nov 2024
Here is a quick overview of gold prices across various metro cities for both 22-carat and 24-carat gold:
| City | 24 Carat Price (10 grams) | 22 Carat Price (10 grams) |
|---|---|---|
| Bangalore | ₹77,535 (+₹290) | ₹71,075 (+₹270) |
| Chennai | ₹77,541 (+₹290) | ₹71,081 (+₹270) |
| Delhi | ₹77,693 (+₹290) | ₹71,233 (+₹270) |
| Kolkata | ₹77,545 (+₹290) | ₹71,085 (+₹270) |
| Mumbai | ₹77,547 (+₹290) | ₹71,087 (+₹270) |
| Pune | ₹77,553 (+₹290) | ₹71,093 (+₹270) |
How Are Gold Rates Determined?
Gold prices in India are influenced by global market trends, the exchange rate of the Indian Rupee against the US Dollar, and various local factors, including taxes and import duties. On a daily basis, gold rates can change based on supply-demand dynamics in the global and local markets.
In India, the gold rate is typically quoted in terms of 24-carat gold and 22-carat gold. The difference in caratage indicates the purity of the gold, with 24-carat being the purest form, while 22-carat gold contains 91.6% gold and the rest is usually an alloy of copper or silver.
Gold Rate in Different Cities Across India – 28 Nov 2024
Gold prices can vary from city to city depending on factors like local demand and logistics. Here’s a table that lists the prices for both 22-carat and 24-carat gold across various cities in India:
| City | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Ahmedabad | ₹71,141 | ₹77,601 |
| Amritsar | ₹71,260 | ₹77,720 |
| Bhopal | ₹71,144 | ₹77,604 |
| Coimbatore | ₹71,100 | ₹77,560 |
| Faridabad | ₹71,265 | ₹77,725 |
| Hyderabad | ₹71,089 | ₹77,549 |
| Jaipur | ₹71,226 | ₹77,686 |
| Kanpur | ₹71,253 | ₹77,713 |
| Kerala | ₹71,105 | ₹77,565 |
| Kochi | ₹71,106 | ₹77,566 |
| Lucknow | ₹71,249 | ₹77,709 |
| Madurai | ₹71,077 | ₹77,537 |
| Mangalore | ₹71,088 | ₹77,548 |
| Meerut | ₹71,259 | ₹77,719 |
| Nagpur | ₹71,101 | ₹77,561 |
| Patna | ₹71,129 | ₹77,589 |
| Surat | ₹71,148 | ₹77,608 |
| Vadodara | ₹71,154 | ₹77,614 |
| Vijayawada | ₹71,095 | ₹77,555 |
Gold Price Trends Over the Last 15 Days
Here’s a quick look at how the gold prices have fluctuated over the past two weeks:
| Date | 22 Carat Price | 24 Carat Price |
|---|---|---|
| Nov 27, 2024 | ₹70,963 (-₹1,200) | ₹77,403 (-₹1,310) |
| Nov 26, 2024 | ₹72,163 (-₹1,000) | ₹78,713 (-₹1,090) |
| Nov 25, 2024 | ₹73,163 (-₹10) | ₹79,803 (-₹10) |
| Nov 24, 2024 | ₹73,173 (+₹740) | ₹79,813 (+₹810) |
| Nov 23, 2024 | ₹72,433 (+₹800) | ₹79,003 (+₹870) |
| Nov 22, 2024 | ₹71,633 (+₹300) | ₹78,133 (+₹330) |
| Nov 21, 2024 | ₹71,333 (+₹500) | ₹77,803 (+₹550) |
| Nov 20, 2024 | ₹70,833 (+₹700) | ₹77,253 (+₹760) |
| Nov 19, 2024 | ₹70,133 (+₹620) | ₹76,493 (+₹680) |
| Nov 18, 2024 | ₹69,513 (-₹10) | ₹75,813 (-₹10) |
| Nov 17, 2024 | ₹69,523 (-₹110) | ₹75,823 (-₹120) |
| Nov 16, 2024 | ₹69,633 (+₹120) | ₹75,943 (+₹130) |
| Nov 15, 2024 | ₹69,513 (-₹1,100) | ₹75,813 (-₹1,200) |
| Nov 14, 2024 | ₹70,613 (-₹10) | ₹77,013 (-₹10) |
| City | 22 Carat Price (10 grams) | 24 Carat Price (10 grams) |
|---|---|---|
| Visakhapatnam | ₹71,097 | ₹77,557 |
FAQs About Gold
1. Why should you invest in gold?
Gold is considered a safe-haven asset, especially during times of economic uncertainty or market volatility. It serves as a hedge against inflation and a way to preserve wealth over the long term.
2. What are the various forms of investing in gold?
Gold can be invested in physical forms like jewelry, coins, or bars, as well as in financial forms such as gold ETFs, sovereign gold bonds, and gold mutual funds.
3. Does India import gold?
Yes, India is one of the largest importers of gold globally, mainly due to its high domestic demand for gold in jewelry and investment.
4. How are gold prices determined in India?
The price of gold is determined by a mix of international gold rates, the local demand-supply balance, currency fluctuations, and government taxes.
5. What is the difference between 22K and 24K gold?
22K gold is 91.6% pure, while 24K gold is considered 99.9% pure. The higher the carat, the purer the gold.
6. What is pure gold?
Pure gold refers to 24-carat gold, which is almost entirely composed of gold with no significant impurities or alloys.
7. How are gold rates determined in cities in India?
Gold rates vary by city due to local taxes, transportation costs, and local demand. Prices in major cities like Delhi and Mumbai tend to be more standardized.
8. What is hallmarking of gold?
Hallmarking is a certification process that ensures the purity of gold and helps consumers make informed buying decisions.
9. Who is responsible for hallmarking gold in India?
The Bureau of Indian Standards (BIS) is the government body responsible for hallmarking gold in India.
10. What does KDM gold mean?
KDM gold refers to gold that is alloyed with solder containing 92% gold and 8% cadmium, often used in jewelry making.
By staying updated on the latest gold rates and understanding factors affecting the price, you can make more informed decisions when it comes to buying or investing in gold. Always check the daily rates in your city to get the best deal.