As of December 25, 2024, gold rates in India have slightly declined, offering a potential opportunity for buyers. Here’s an updated overview of gold prices:
Current Gold Rate Today in India
- 24 Carat Gold (10 grams): ₹77,513 (-₹100.00)
- 22 Carat Gold (10 grams): ₹71,063 (-₹100.00)
Gold Rates Per Gram
- 24 Carat Gold (999 purity): ₹7,751 per gram
- 22 Carat Gold (91.6% purity): ₹7,106 per gram
Gold Prices in Major Indian Cities
| City | 22 Carat (₹) | 24 Carat (₹) |
|---|---|---|
| Bangalore | ₹70,905 | ₹77,355 |
| Chennai | ₹70,911 | ₹77,361 |
| Delhi | ₹71,063 | ₹77,513 |
| Kolkata | ₹70,915 | ₹77,365 |
| Mumbai | ₹70,917 | ₹77,367 |
| Pune | ₹70,923 | ₹77,373 |
Key Factors Affecting Gold Prices
Gold prices in India fluctuate due to several global and domestic factors:
- Supply Chain Disruptions: Any interruptions in the global supply of gold impact rates.
- Demand-Supply Dynamics: Higher demand during festivals and weddings can drive up prices.
- Currency Fluctuations: Changes in the exchange rate of the Indian Rupee against the US Dollar affect gold imports.
- Geopolitical Tensions: International crises often increase gold demand as it’s considered a safe-haven asset.
Importance of Gold in Indian Culture
Gold holds a central place in Indian traditions and is considered a symbol of prosperity, security, and wealth. It plays a significant role in life events such as weddings, childbirth, and festivals like Dhanteras and Akshaya Tritiya.
Gold Rate Calculator
To calculate the total price of gold for specific quantities and purities, use this simple method:
- Select the quantity in grams.
- Choose the purity (24K or 22K).
- Multiply the rate per gram by the desired weight.
For instance:
- 10 grams of 24K Gold in Delhi: ₹7,751 × 10 = ₹77,513
Why Track Gold Prices?
Monitoring daily gold rates helps in making informed decisions when buying or selling gold, especially for investments or personal use.
Disclaimer
These rates are indicative and may vary depending on jewellers, location, and making charges. Always verify with your local jeweller before making a purchase.
