Gold prices in India remain a key factor in household investments, cultural celebrations, and long-term financial security. On December 23, 2024, gold rates witnessed a slight dip compared to the previous day, reflecting dynamic global and domestic market conditions.
Gold Rate Today (Per 10 Grams)
- 24 Karat Gold: ₹77,613 (-₹10.00)
- 22 Karat Gold: ₹71,163 (-₹10.00)
Gold Rates (Per Gram)
- 24 Karat Gold (999 purity): ₹7,761.30
- 22 Karat Gold (91.6% purity): ₹7,116.30
Factors Influencing Gold Rates in India
Gold prices are shaped by several factors:
- Global Market Trends: Prices are influenced by international demand, supply disruptions, and currency fluctuations.
- Economic and Geopolitical Events: Events like inflation, interest rate changes, or geopolitical tensions directly affect rates.
- Indian Market Trends: Festivals, weddings, and cultural traditions drive domestic demand, impacting gold prices locally.
Gold Rates in Major Indian Cities
| City | 22K Rate (₹) | 24K Rate (₹) |
|---|---|---|
| Bangalore | 71,005 | 77,455 |
| Chennai | 71,011 | 77,461 |
| Delhi | 71,163 | 77,613 |
| Kolkata | 71,015 | 77,465 |
| Mumbai | 71,017 | 77,467 |
| Pune | 71,023 | 77,473 |
Gold Price Trends: December 2024
- Highest Rates (12 Dec):
- 22K: ₹73,033
- 24K: ₹79,653
- Lowest Rates (21 Dec):
- 22K: ₹70,563
- 24K: ₹76,963
- Overall Trend: Slight decline of 0.71% for 22K and 0.72% for 24K in December.
10-Day Gold Rate Movement
| Date | 22K (₹/Gram) | 24K (₹/Gram) |
|---|---|---|
| Dec 22, 2024 | 7,117.30 | 7,762.30 |
| Dec 21, 2024 | 7,056.30 | 7,696.30 |
| Dec 20, 2024 | 7,086.30 | 7,729.30 |
| Dec 19, 2024 | 7,151.30 | 7,800.30 |
| Dec 18, 2024 | 7,168.30 | 7,818.30 |
Gold Rate Insights
- Cultural Importance: Gold is integral to Indian traditions, especially during weddings and festivals.
- Investment Value: For many, gold is a hedge against inflation and economic uncertainty.
Disclaimer
Gold rates may vary slightly depending on jewellers, location, and additional costs like making charges. Always verify rates locally before making a purchase.
