Gold Rate Today

Gold is valuable as it is used for numerous purposes such as religious matters, mining, technology, electronic parts etc., which results in higher demand. 

Gold is the name of the actual commodity which can be bought physically or electronically while spot gold is the immediate price of gold as traded on various exchanges.

Spot gold trading works similarly to buying and selling stocks where investors can buy gold electronically through exchanges where gold is quoted based on real-time prices. 

Yes, gold spot investing is completely legal in India and can be executed legally through various commodity exchanges. 

Physical gold prices are fixed daily while spot gold price fluctuates in real-time based on the demand and supply factors. 

The price of gold, especially the spot gold price is almost the same all over the world as the denomination is the same for the gold that is quoted in the international markets. 

You can now easily calculate gold loan EMI through our Gold Loan Calculator. 

A number of factor go into the pricing of gold jewellery demand is one factor, but the most important factor is economic or geopolitical uncertainty. This leads to a spike in the price of gold as it is seen as a safe haven asset. Gold is inversely related to dollar and equities.

Gold is more of a precious metal which is a safe haven asset class. Silver, is more of a commodity with extensive industrial application. However, an important factor in gold and silver pricing globally is the gold/silver ratio.

Normally, gold rates fall when the dollar strengthens or when equities are robust. Similarly, when there is news of an increase in GDP, then gold prices drop. Gold prices can also drop if the ETF demand for gold goes down.

The most common reason for an increase in gold rate is the rise in economic and geopolitical uncertainty. If you look at the past, gold rates have risen in times of the global financial crisis, during the COVID pandemic, during the Iran embargo etc.

While gold is most actively traded in the Mumbai markets in terms of spot bullion and in terms of gold futures, the biggest demand for gold comes from Kerala state. This is the state that consumers maximum gold overall and obviously also on a per capita basis

There is normally, no good time to buy gold. Investors must ideally look at gold allocation in the range of 10-15% of their overall asset allocation. This excludes your jewellery holdings. The holding can tweaked in the range based on gold prices.