Today’s Gold Rate in India: December 13, 2024
Gold continues to be a symbol of wealth and a preferred investment option in India. As one of the largest consumers of gold globally, India sees a strong demand for the precious metal across various sectors, especially jewelry. Here’s everything you need to know about today’s gold rate in India.
Today’s Gold Rates in India (Per 10 Grams)
| Purity | Price | Change (₹) |
|---|---|---|
| 24 Carat | ₹79,633 | -20.00 |
| 22 Carat | ₹73,013 | -20.00 |
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.
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.
City-Wise Today Gold Rates
| City | 24 Carat Price (₹) | 22 Carat Price (₹) |
|---|---|---|
| Bangalore | ₹79,475 | ₹72,855 |
| Chennai | ₹79,481 | ₹72,861 |
| Delhi | ₹79,633 | ₹73,013 |
| Kolkata | ₹79,485 | ₹72,865 |
| Mumbai | ₹79,487 | ₹72,867 |
| Pune | ₹79,493 | ₹72,873 |
Factors Influencing Today’s Gold Rate
- Global Market Trends: International prices, driven by demand and geopolitical stability, directly impact Indian rates.
- Currency Exchange Rates: A weakening rupee against the dollar increases gold prices in India.
- Local Demand and Taxes: Festive seasons and import duties influence the rates within cities.
- Economic Indicators: Inflation, interest rates, and global economic policies shape gold prices.
Gold Rates in Different Cities in India
| City Name | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Ahmedabad | ₹72,921 | ₹79,541 |
| Amritsar | ₹73,040 | ₹79,690 |
| Bangalore | ₹72,855 | ₹79,475 |
| Bhopal | ₹72,924 | ₹79,544 |
| Bhubaneswar | ₹72,860 | ₹79,480 |
| Chandigarh | ₹73,022 | ₹79,642 |
| Chennai | ₹72,861 | ₹79,481 |
| Coimbatore | ₹72,880 | ₹79,500 |
| Delhi | ₹73,013 | ₹79,633 |
| Faridabad | ₹73,045 | ₹79,665 |
| Gurgaon | ₹73,038 | ₹79,658 |
| Hyderabad | ₹72,869 | ₹79,489 |
| Jaipur | ₹73,006 | ₹79,626 |
| Kanpur | ₹73,033 | ₹79,653 |
| Kerala | ₹72,885 | ₹79,505 |
| Kochi | ₹72,886 | ₹79,506 |
| Kolkata | ₹72,865 | ₹79,485 |
| Lucknow | ₹73,029 | ₹79,649 |
| Madurai | ₹72,857 | ₹79,477 |
| Mangalore | ₹72,868 | ₹79,488 |
| Meerut | ₹73,039 | ₹79,659 |
| Mumbai | ₹72,867 | ₹79,487 |
| Mysore | ₹72,854 | ₹79,474 |
| Nagpur | ₹72,881 | ₹79,501 |
| Nashik | ₹72,917 | ₹79,537 |
| Patna | ₹72,909 | ₹79,529 |
| Pune | ₹72,873 | ₹79,493 |
| Surat | ₹72,928 | ₹79,548 |
| Vadodara | ₹72,934 | ₹79,554 |
| Vijayawada | ₹72,875 | ₹79,495 |
| Visakhapatnam | ₹72,877 | ₹79,497 |
Frequently Asked Questions (FAQs)
- How are gold rates determined?
Gold prices are influenced by global demand, currency values, and import duties. - What is hallmarking?
It is the certification of gold’s purity by the Bureau of Indian Standards (BIS). - What’s the difference between 22K and 24K gold?
22K gold is mixed with other metals, while 24K is the purest form.
By tracking today’s gold rate, you can plan your purchases and investments wisely. Always opt for hallmark-certified gold to ensure quality and authenticity.
Gold Rate Trends for the Last 5 Days
| Date | 24 Carat Price (₹) | 22 Carat Price (₹) |
|---|---|---|
| Dec 12, 2024 | ₹79,653 | ₹73,033 |
| Dec 11, 2024 | ₹78,783 | ₹72,233 |
| Dec 10, 2024 | ₹77,963 | ₹71,483 |
| Dec 09, 2024 | ₹77,783 | ₹71,313 |
| Dec 08, 2024 | ₹77,793 | ₹71,323 |
Why Monitor Today’s Gold Rate?
Gold prices fluctuate frequently due to dynamic market conditions. Staying updated helps consumers and investors make informed decisions regarding:
- Buying Jewelry: Knowing the current rates ensures fair pricing.
- Investments: Gold ETFs, bonds, and coins offer options for portfolio diversification.
- Savings Protection: Gold is a hedge against inflation and economic uncertainties.
Understanding Gold Purity
- 24 Carat Gold: Known for its purity (99.9%), it’s ideal for investments but not durable for jewelry.
- 22 Carat Gold: Contains 91.6% gold, suitable for crafting intricate ornaments.
Gold Rates for the Last 15 Days
| Date | 22 Carat Price (₹) | Change (₹) | 24 Carat Price (₹) | Change (₹) |
|---|---|---|---|---|
| Dec 12, 2024 | ₹73,033 | +800.00 | ₹79,653 | +870.00 |
| Dec 11, 2024 | ₹72,233 | +750.00 | ₹78,783 | +820.00 |
| Dec 10, 2024 | ₹71,483 | +170.00 | ₹77,963 | +180.00 |
| Dec 09, 2024 | ₹71,313 | -10.00 | ₹77,783 | -10.00 |
| Dec 08, 2024 | ₹71,323 | -260.00 | ₹77,793 | -280.00 |
| Dec 07, 2024 | ₹71,583 | 0.00 | ₹78,073 | 0.00 |
| Dec 06, 2024 | ₹71,583 | +120.00 | ₹78,073 | +130.00 |
| Dec 05, 2024 | ₹71,463 | -20.00 | ₹77,943 | -20.00 |
| Dec 04, 2024 | ₹71,483 | +420.00 | ₹77,963 | +450.00 |
| Dec 03, 2024 | ₹71,063 | -600.00 | ₹77,513 | -650.00 |
| Dec 02, 2024 | ₹71,663 | -10.00 | ₹78,163 | -10.00 |
| Dec 01, 2024 | ₹71,673 | -120.00 | ₹78,173 | -120.00 |
| Nov 30, 2024 | ₹71,793 | +730.00 | ₹78,293 | +780.00 |
| Nov 29, 2024 | ₹71,063 | -170.00 | ₹77,513 | -180.00 |
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 tracking today’s gold rate, you can plan your purchases and investments wisely. Always opt for hallmark-certified gold to ensure quality and authenticity.