Today’s Gold Rates : on 16 Dec, 2024
Today’s Gold Rates in India
Updated on 16 Dec, 2024
Gold continues to hold a special place in the hearts of Indians, whether as an investment or a cultural symbol. As one of the largest consumers of gold globally, India imports most of its gold, making domestic prices heavily influenced by international factors, import duties, and local taxes.
Current Gold Rates in India
- 24 Carat Gold (10 grams): ₹78,063.00
- 22 Carat Gold (10 grams): ₹71,573.00
Gold prices vary slightly across different cities due to regional taxes and transportation costs.
Gold Prices in Major Metro Cities (16 Dec, 2024)
24 Carat Gold (10 grams)
| City | Price (₹) |
|---|---|
| Bangalore | 77,905.00 |
| Chennai | 77,911.00 |
| Delhi | 78,063.00 |
| Kolkata | 77,915.00 |
| Mumbai | 77,917.00 |
| Pune | 77,923.00 |
22 Carat Gold (10 grams)
| City | Price (₹) |
|---|---|
| Bangalore | 71,415.00 |
| Chennai | 71,421.00 |
| Delhi | 71,573.00 |
| Kolkata | 71,425.00 |
| Mumbai | 71,427.00 |
| Pune | 71,433.00 |
Gold Price in Other Indian Cities
Gold Rates in Different Cities in India (16 Dec, 2024)
| City Name | 22 Carat Price (₹) | 24 Carat Price (₹) |
|---|---|---|
| Ahmedabad | 71,481 | 77,971 |
| Amritsar | 71,450 | 77,940 |
| Bangalore | 71,415 | 77,905 |
| Bhopal | 71,484 | 77,974 |
| Bhubaneswar | 71,420 | 77,910 |
| Chandigarh | 71,582 | 78,072 |
| Chennai | 71,421 | 77,911 |
| Coimbatore | 71,440 | 77,930 |
| Delhi | 71,573 | 78,063 |
| Faridabad | 71,605 | 78,095 |
| Gurgaon | 71,598 | 78,088 |
| Hyderabad | 71,429 | 77,919 |
| Jaipur | 71,566 | 78,056 |
| Kanpur | 71,593 | 78,083 |
| Kerala | 71,445 | 77,935 |
| Kochi | 71,446 | 77,936 |
| Kolkata | 71,425 | 77,915 |
| Lucknow | 71,589 | 78,079 |
| Madurai | 71,417 | 77,907 |
| Mangalore | 71,428 | 77,918 |
| Meerut | 71,599 | 78,089 |
| Mumbai | 71,427 | 77,917 |
| Mysore | 71,414 | 77,904 |
| Nagpur | 71,441 | 77,931 |
| Nashik | 71,477 | 77,967 |
| Patna | 71,469 | 77,959 |
| Pune | 71,433 | 77,923 |
| Surat | 71,488 | 77,978 |
| Vadodara | 71,494 | 77,984 |
| Vijayawada | 71,435 | 77,925 |
| Visakhapatnam | 71,437 | 77,927 |
Gold rates across cities differ based on state taxes, demand, and local market conditions.
Gold Price Trends Over the Past 15 Days
| Date | 22 Carat Price (₹) | Change (₹) | 24 Carat Price (₹) | Change (₹) |
|---|---|---|---|---|
| Dec 15, 2024 | 71,573 | -890.00 | 78,063 | -970.00 |
| Dec 14, 2024 | 72,463 | -550.00 | 79,033 | -600.00 |
| Dec 13, 2024 | 73,013 | -20.00 | 79,633 | -20.00 |
| 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 |
Gold prices are subject to frequent changes, reflecting shifts in global markets, currency rates, and local demand.
Key Factors Influencing Gold Rates in India
- International Gold Prices: Since gold is priced in USD globally, any fluctuation in international markets impacts Indian rates.
- Currency Exchange Rates: A weaker rupee increases the cost of imported gold.
- Import Duties: India’s current gold import duty stands at 10%, directly affecting prices.
- Economic Indicators: Inflation, interest rates, and bond yields also play a significant role.
Investing in Gold
Gold remains a trusted investment option for long-term security and wealth preservation.
Investment Options:
- Physical Gold: Includes jewelry, coins, and bars.
- Digital Gold: Gold ETFs, sovereign gold bonds, and e-gold.
- Gold Mutual Funds: Managed investments linked to gold prices.
Benefits of Investing in Gold:
- Hedge against inflation.
- Safe haven during economic and geopolitical uncertainties.
- Liquidity in both physical and digital forms.
Understanding Gold Quality
- 24K Gold: The purest form of gold, with 99.99% purity, unsuitable for making jewelry.
- 22K Gold: 91.67% pure, mixed with alloys like copper and zinc, ideal for ornaments.
- Hallmarked Gold: Certified by the Bureau of Indian Standards (BIS) for guaranteed purity.
FAQs About Gold
- Why should you invest in gold?
Gold is a reliable investment that preserves value during inflation or market instability. - What is hallmarking?
A certification process by BIS to ensure the purity of gold. - What affects gold prices in India?
International prices, exchange rates, taxes, and local market conditions.
Disclaimer
The information provided here is for educational purposes only. Please consult a financial advisor for investment decisions.
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