Gold jewellery is so dear to Indian women that they can’t enough of it. Since gold is an important part of auspicious celebrations, the sale of gold increases drastically around Diwali. Gold rate changes every day; if you want to buy gold, simply type today gold rate in google search box and conduct a Google search. Keeping up with the current gold rate is a must if you wish to hit the el dorado.
Gold ornaments are quite popular in our country. The shopping for Indian weddings is incomplete without gold. The best thing about gold is that it can be easily sold in case there is a financial crunch.
Indian Major Cities Gold Rates Today
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Buying Gold in India
Buying gold in India is pretty easy in the sense that you can find genuine gold jewellery shops almost everywhere. From large franchise to smaller shops, gold is everywhere. You can get the standard 22 carats gold, the intermediate 23 carats gold, as well as the pure 24 carats gold, in this golden country. However, before heading to the nearest jeweller’s, do search for Gold Rate Today or Today gold rate on Google for the latest price of gold.
Gold Rate in India for Last 10 Days
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Weekly & Monthly Graph of Gold Price in India
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Historical Price of Gold Rate
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India Gold Rate Currency: The price of USD currency is one of the predominant factors that affect the gold rates in India. As the value of USD( U.S dollar) climbs down, the price of a gold rate falls worldwide. The value of Indian currency also plays a stake in gold rates in India. As the rupee becomes weaker, the gold price rises.
Today Gold Rate in India
International Factors: Other International factors that determine the gold rate in India are global economic development, volatile prices and fluctuations in the market due to other reasons.
Todays Gold Price
Demand for Gold: The global demand for the gold and demand for gold in India also affects the price of gold in India. For instance, as the demand rises, there is an imbalance in the demand-supply chain, and as a result, the gold rates also rise and similarly vice-versa.
Demand for Gold in India
The demand for gold in India has increased by 15% in the initial quarter of the financial year to 123.5 tonnes, leaving a sign of hope for positive return. If we compared with the last year, the total gold demand stood for 107.3 tonnes, owing to the jewellers’ strike over excise duty introduction. As per World Gold Council estimation, gold demand increased by 18% in the first quarter to Rs. 32, 420 crore, which was just Rs 27,540 crore in Q1 2016. Here’s a sneak peek on how the demand changes over time:
How to Check Purity of Gold?
BIS Mark: Any jewellery which is hallmarked contains the BIS logo and indicates that it is tested in an authorised laboratory.
Karat: To identify the hallmark jewellery, you must look for the letter K along with the number on the jewellery. 24K gold is called pure gold or 100 per cent gold.
FAQs
Q . What is the current price of gold?
The current gold price is ₹ 43,890 for 22 carat gold.
Q. Why Gold Rates Differ in Several States in India?
Gold rates are determined by international gold rates and ideally, it should be the same across the country. But it is not the case. You find a different rate for gold in Mumbai than Chennai or Delhi. There are certain variables that determine gold rates in each state of India.
Gold Rate Today: The gold price today affects the rise or decrease in gold prices over the country.
Q. What is the difference Between 22k and 24k Gold?
24-karat gold – 24-karat gold is also known as pure or 100% gold, this form of gold has no trace of other metals and known to be 99.99% pure gold. This form of gold is superior to 22-karat gold and is slightly more expensive. 24-karat gold bars come with a guarantee resale, due to the high liquidity and demand of gold in the market.
22-karat gold – This form of gold is 91.67% pure and it also contains two parts of alloyed metals like silver and copper. This gold is commonly marketable in ornamental form and is cheaper than 24-karat gold.
Q. Why is it Important to Checking Gold Rates Today?
Checking price of gold today is crucial for a simple reason- gold isn’t the commodity it once used to be. As a matter of fact, gold prices today are way too different from the price of gold 10 years ago. Today, even a minor variation in rates can trigger big losses. It’s, therefore, significant to cross-check gold prices before buying. Also, it’s important to compare the yellow metal’s price with different jewelers. The rates in a few cities are formulated by the jewelers’ association so the rate is announced accordingly. Yet, it’s normal to find a price variation between local goldsmiths. Having said that, some highly reputed jewellers might ask for a higher making-charge.
