Home > Gold Rates India

Gold Rates India

Gold Rates in India

Gold - One of the precious metals, perfect hedge against inflation, Most loved metal in Indians. So a lot of individuals follows Gold Rates in India and Gold rates in top cities in India. We provide with updated Gold Prices in India, Gulf and Top ten cities in India every day.

Learn More About Gold

22 Carat gold price in India Today (22 Oct 2018)

Gram 22 Carat Gold Today Price Change compared to yesterday
1 gram ₹ 3,125.00 ₹ 5.00
8 gram ₹ 25,000.00 ₹ 40.00
10 gram ₹ 31,250.00 ₹ 50.00
100gram ₹ 312,500.00 ₹ 500.00

 

24 Carat gold price in India Today(22 Oct 2018)

Gram 24 Carat Gold Today Price Change compared to yesterday
1 gram ₹ 3,330.00 ₹ 4.00
8 gram ₹ 26,640.00 ₹ 32.00
10 gram ₹ 33,300.00 ₹ 40.00
100gram ₹ 333,000.00 ₹ 400.00

 

Gold Rates in Top Cities in India Today (22 Oct 2018)

City Name 22 karats 24 Karats
Kolkata ₹ 31,290.00 ₹ 32,850.00
Mumbai ₹ 31,251.00 ₹ 33,305.00
Delhi ₹ 31,056.00 ₹ 32,856.00
Hyderabad ₹ 30,374.00 ₹ 31,152.00
Chennai ₹ 30,372.00 ₹ 31,152.00
Bangalore ₹ 29,856.00 ₹ 31,652.00
Ahmedabad ₹ 31,254.00 ₹ 32,450.00
Kerala ₹ 29,552.00 ₹ 33,856.00
Jaipur ₹ 31,052.00 ₹ 33,052.00
Vishakhapatnam ₹ 30,372.00 ₹ 31,152.00

 

22 Carat gold price in India Yesterday (19 Oct 2018)

Gram 22 Carat Gold Today Price Change compared to yesterday
1 gram ₹ 3,120.00 -₹ 10.00
8 gram ₹ 24,960.00 -₹ 80.00
10 gram ₹ 31,200.00 -₹ 100.00
100gram ₹ 312,000.00 -₹ 1,000.00

24 Carat gold price in India Yesterday(19 Oct 2018)

Gram 24 Carat Gold Today Price Change compared to yesterday
1 gram ₹ 3,326.00 ₹ 5.00
8 gram ₹ 26,608.00 ₹ 40.00
10 gram ₹ 33,260.00 ₹ 50.00
100gram ₹ 332,600.00 ₹ 500.00

Gold Rates in Top Cities in India Yesterday (19 Oct 2018)

City Name 22 karats 24 Karats
Kolkata ₹ 31,250.00 ₹ 32,800.00
Mumbai ₹ 31,312.00 ₹ 33,220.00
Delhi ₹ 31,015.00 ₹ 32,916.00
Hyderabad ₹ 30,341.00 ₹ 31,125.00
Chennai ₹ 30,345.00 ₹ 31,123.00
Bangalore ₹ 29,815.00 ₹ 31,621.00
Ahmedabad ₹ 31,218.00 ₹ 32,225.00
Kerala ₹ 29,526.00 ₹ 33,832.00
Jaipur ₹ 31,542.00 ₹ 33,852.00
Vishakhapatnam ₹ 30,323.00 ₹ 31,125.00

Gold rates Graph of India

What is Carats or Karats?

Carats or Karats is the scale on which purity of gold is measured where 24 carats gold is the purest form of gold.

Purity Scale of gold:

24 carats -99.9%
23 carats -95.6%
22 carats -91.6%
21 carats -87.5%
18 carats -75.0%
17 carats -70.8%
14 carats -58.5%
10 carats -41.7%
9 carats -37.5%
8 carats -33.3%

Why is 22 carats gold preferred when 24 carats is the purest form of gold?

22 carats gold is preferred than 24 carats gold because gold is a soft metal. So to make it stronger gold is alloyed or mixed with other metal.

Why is gold alloyed with other metals?

Copper, nickel, silver, palladium and zinc are metals most commonly used in the alloying process. There are two major reasons for this. Those two reasons are

One is as gold is a soft metal mixing or alloying with other brings strength to it. The other major reason is by mixing gold with other metals is to make fancy gold jewellery.

By mixing gold with other metals various colors in gold can be obtained such as White Gold, Pink or Rose Gold, Green gold, and yellow gold.

White Gold - To manufacture white color gold jewellery gold is alloyed or mixed palladium, nickel, and zinc.

Pink or Rose gold - To manufacture pink or rose color gold jewellery gold alloyed with silver and copper.

Yellow gold - Yellow gold which is common color in gold while manufacturing gold is alloyed or mixed with silver, copper, and zinc.

Factors that influence gold prices in India?

Gold rates in India are not specifically affected by a single parameter there are a number of parameters which affect gold prices in India. In which here are few:

Demand and Supply: Demand and supply is a factor that affects the prices of not only gold but every single thing. Whatever the thing is if it has demand and the supply is less the cost of the specific thing increases and vice versa.  When it comes to gold demand is increased due to Gold Exchange Traded Funds, as also from the central banks in the country.

International Factors - there will a number of duties, policies and taxes which changes time to time even these is a reason for increase and decrease in gold rates in India.

Currency Moment - Moment of currencies in other countries such as American US Dollar affects gold price in India. Not only US dollar but there many other currencies which affect the gold rates in India. Specifically, if we take US Dollar into consideration the gold rates in India are Inversely proportional US Dollar which means gold rates will increase if the US Dollar  exchange rates fall and vice versa.

Stock Market Fluctuations - If we see the stock market fluctuations and moment of gold rates in India closely these two are Inversely proportional as well. If the stock market starts falling. The Indian Investors who invested in stocks starts pulling their investments out of the stocks and starts investing in gold. So the demand for gold increases and the price of gold as well. When the market is back to its usal condition or stabilize, Investors pull their money back from gold and starts investing in stocks.

Not only these, There are a lot of others factors as well which affects gold rates in India. So it is better you check gold rates in India on newsawakening.com Before you buy or invest on Gold.

Goods Imports in India?

India highly depends on importing of goods such as crude oil, petrol, gold and silver, machinery, electronic goods, pearls precious and semi-precious stones, miscellaneous chemical products, ores, slag & ash, fertilizers, rubber, cotton etc...

In which crude oil takes highest pecentage of requirement in India Which is 34 per cent, 2nd highest import of element is gold and silver which is 12 per cent, of total shipments, India is importing machinery goods are 10 per cent electronic goods are 7 per cent precious and semi-precious stones are 5 per cent and the remaining all elements are importing less than or equal to 1 per cent. Those are animals (vegetable fats), inorganic chemicals, artificial fur, etc......

What are major country partners involved in importing to India?

All most all the countries have some resources. To maintain their country GDP values, every country is importing and as well as exporting goods to others.
As we stated in the first column India is importing some goods from other countries.
1. China importing rate is very high - 10.7 per cent
2. The United Arab Emirates (UAE) - 8 per cent
3. Saudi Arabia - 7 per cent
4. Switzerland- 7 per cent
5. United States America (USA) - 5 per cent
Followed by Bulgaria, Lithuania, Estonia, Venezuela, Kuwait, Germany, Mexico, Chile, Colombia, Ukraine, Poland, Peru, Austria, etc.. and from there are countries like Greece, Zimbabwe, and fewer resources we(India) are importing goods less than 1 per cent.

What happens if the gold is not hallmarked gold?

The first thing to understand is gold is either hallmarked it makes no difference. Hallmark gives you grantee that gold you are genuine. There is no extra charge for hallmark which you need to pay. The gold is hallmarked or not you have to pay the same charges.

Hallmark sign is given by BIS (Bureau of Indian Standards) which is a governmental organization they chek the purity of gold by doing few set of tests and give a mark on the gold as a reference that the gold you are buying is tested and is of so karats.

In case if you have jewelry which is not hallmarked and want to get a hallmark on it. the process is very easy. All you need to do is find out a nearby passing center in your region and need to visit with the jewelry which you want to get assayed. There are more than 300 Assaying centres in India where you can Assay your jewelry.

Than Assaying your jewelry after buying it is advised to buy assayed BIS Hallmark Jewellery. It is also important to get a proper bill while buying. Than getting written bill better get an invoice or electronic Bill.

Who imports Gold into India?

Though India stands top in consuming gold. But when it comes to mining. India is not big a big player in mining gold. So to level the demand and supply chain India a lot of gold from foreign countries. For importing India government pays to the other governments through foreign reserves India is Having.

If you find any mistakes are changes required please feel free to contact us or comment below