Gold Rate Today in India vs. Gold Price Yesterday in India
The most popular gold rate for trading and futures purposes is normally the 24-carat gold with higher purity. Hence, when we talk of gold price today in the case of financial markets it refers to 24-carat gold. Similarly, when we talk of gold rate today for gold jewellery, it refers to 22-carat gold, which is normally not traded in financial markets.
Today 22 Carat Gold Price Per Gram in India (INR)
Gram
22 Carat Gold Today (₹)
22 Carat Gold Yesterday (₹)
Daily Price Change (₹)
1 gram
5,833
5,873
-40
8 gram
46,664
46,984
-320
10 gram
58,330
58,730
-400
100 gram
583,300
587,300
-4,000
Today 24 Carat Gold Price Per Gram in India (INR)
Gram
24 Carat Gold Today (₹)
24 Carat Gold Yesterday (₹)
Daily Price Change (₹)
1 gram
6,125
6,167
-42
8 gram
49,000
49,336
-336
10 gram
61,250
61,670
-420
100 gram
612,500
616,700
-4,200
Gold Rate in India for Last 10 Days
Following are historical Gold rates for 22 Carats and 24 Carats respectively:
Date
22 Carat (per gm)
24 Carat (per gm)
Trend
7-Dec-23
₹ 5,833
₹ 6,125
Down
6-Dec-23
₹ 5,873
₹ 6,167
Down
5-Dec-23
₹ 5,973
₹ 6,272
Up
4-Dec-23
₹ 5,933
₹ 6,230
Up
3-Dec-23
₹ 5,898
₹ 6,193
Same
2-Dec-23
₹ 5,898
₹ 6,193
Same
1-Dec-23
₹ 5,898
₹ 6,193
Same
30-Nov-23
₹ 5,898
₹ 6,193
Up
29-Nov-23
₹ 5,823
₹ 6,114
Same
28-Nov-23
₹ 5,823
₹ 6,114
Same
27-Nov-23
₹ 5,823
₹ 6,114
Up
Gold has been a valuable asset class from times immemorial. In India, gold has been one of the most preferred asset classes, with Indian households owning more than $1.30 trillion just in the form of domestic gold
Historical Price of Gold Rate
One of the most popular classifications of gold is based on carats. Incidentally, carat measures the purity of gold and higher the carat value, higher is the purity of gold. Broadly, gold has 5 popular classifications based on purity, which is captured as under.
Particulars
Gold Purity
24 K
99.95%
22 K
91.67%
18 K
75.00%
14 K
58.33%
10 K
41.67%
Higher the purity, more malleable and softer will be the gold. Hence 24-carat gold is rarely used for jewellery as daily wear and tear will make it lose shape. The most popular for gold jewellery is 22-carat gold which has 91.67% purity. However, even 22-carat gold cannot hold diamonds and studded gems. Hence for jewellery with studded stones or diamonds, normally lower purity gold of 18-carat or 14-carat is used. Lower carat gold consists of a mix of gold with silver, nickel and zinc.
24K represents 99.9% purity, while 22K represents around 91% pure gold, with the remaining 9% made up of other metals such as copper, silver, zinc, and so on. Although 24K gold has a dazzling color, the jewelry manufactured with it will not be as durable as 22K gold jewelry. Because 24K gold is too soft to withstand wear and tear. The presence of additional metals in 22K gold contributes to the durability of the jewelry.
When to buy gold in India?
Most festivals and wedding seasons see an increase in gold sales. However, the greatest time to buy gold is during Makar Sankranti, Akshaya Tritiya, and Dhanteras. Purchasing gold throughout these days or at a specific time during these days brings abundance and prosperity.
Why gold is a good investment bet in India?
When the price of stock investments falls, the price of gold rises, making gold the ideal investment if you want to diversify your portfolio. Gold prices might be erratic in the short term, but they have held their value in the long run. If you intend to invest in gold, make certain that it is for the long term.
What are the various forms of investing in gold?
There are numerous ways to invest in gold, including purchasing jewelry, coins, bars, gold exchange-traded funds, gold funds, sovereign gold bond programs, etc.
How are gold rates determined in cities in India?
The availability of substitutes like silver or platinum as well as local economic conditions and cultural importance all impact the demand for gold. For instance, the price of gold will be higher in a city with a high demand than in a city with a low demand.
What is the hallmarking of gold?
The technique of measuring and documenting the proportionate composition of precious metals in precious metal objects is known as hallmarking. It entails applying particular marks on the product, such as the BIS emblem, the metal's purity, and a special HUID number.
What is the difference between Gold & Spot Gold?
Spot Gold - When gold is bought in a spot trade, it is done quickly, or on the spot. The product and money are exchanged instantly, and the price is decided right away.
Futures Gold - Futures Gold is a type of trade where a transaction is completed on a specific date but delivery is only possible later.
