Gold has always been a significant part of every Indian home, for reasons of saving, weddings, or festivals. So before you think about buying your gold, you’ll need to know what the gold rate is today. Prices change daily, all depending on factors like what direction the global market is moving in, how strong the Indian rupee is, and how much local demand there is. For more updates on Todays Gold rate and Today’s currency exchange rates, visit India Focus Daily News.
To give you a brief overview of today’s gold rates across India:
- 24K Gold (99.9% Pure): ₹6,950 per gram
- 22K Gold (91.6% Pure): ₹6,370 per gram
- 18K Gold (75% Pure): ₹5,210 per gram
- 14K Gold (58.3% Pure): ₹4,050 per gram
Please Note: Prices may vary slightly by city, for example, in terms of higher gold prices in Chennai vs. Delhi, simply because of local taxes and jewellers margins.
The reasons why the gold prices differ by karat
The purity of gold determines both price and colour. 24K gold is pure; however, it may be too soft for daily wear. For practicality, designs of modern jewellery often mix gold with other metals, such as 18K and 14K gold; they are a great balance between affordability and durability in design.
The Factors Influencing Gold Pricing Today
Several factors influence gold prices in India: Gold prices are greatly impacted by global markets, the US dollar exchange rate, the cost of import duties, and seasonal demand. For example, prices usually increase around the festivities of Diwali or Akshaya Tritiya due to the significant demand and purchasing.
Whether you intend to invest in 24K gold or buy 18K jewellery, keeping track of daily rates can assist in making better financial and emotional decisions. Gold can shine in many different karats, but to the people of India is always precious.
