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What’s the gold price today? Get live updated rates for 24K, 22K, 18K, and 14K carat gold per 10 grams in your city. Check if gold is up or down before you buy!

Are you thinking of buying gold? Or maybe you’re just curious about the current rates? Whatever the reason, you’ve come to the right place! The price of gold is something that affects everyone in India, from families buying jewelry for a wedding to investors looking for a safe place to put their money.

Gold prices are always changing, sometimes going up and sometimes coming down. It can be confusing to keep track of the latest rates. But don’t worry, we’ve got you covered. In this article, we will give you the live, up-to-the-minute prices for gold in India.

Gold price today: The rates for 24 carat, 22 carat, 18 carat, and even 14 carat gold, so you have all the information you need before you make a decision. What’s happening with gold prices today!

Live Gold Rates Today (Per 10 Grams)

The price of gold can be different in different cities across India. This is because of things like local taxes and transportation costs. Here’s a look at the approximate gold prices in some of the major cities today.

Please note: These are indicative prices and can vary slightly at the time of purchase. It’s always a good idea to check with your local jeweler for the exact rates.

Gold Prices in Major Indian Cities: (gold price today)

City 24 Carat (per 10g)22 Carat (per 10g)
Delhi₹72,500₹66,450
Mumbai₹72,350₹66,300
Chennai₹73,100₹67,000
Kolkata₹72,350₹66,300
Bengaluru₹72,350₹66,300
Hyderabad₹72,350₹66,300

As you can see, the prices are quite high, reflecting the current market trends. It’s important to keep an eye on these daily fluctuations, especially if you are planning a big purchase.

Understanding the Different Types of Gold

When you go to buy gold, you’ll hear terms like 24 carat, 22 carat, and 18 carat. What do these mean? It’s really simple, and knowing the difference can help you make a smart choice.

What is 24 Carat Gold? The Purest Form

Purity: 24 carat (24K) gold is the purest form of gold you can buy. It is 99.9% pure.

Appearance: It has a bright, distinct yellow color.

Use: Because it is so pure, 24K gold is very soft and can bend or scratch easily. That’s why it’s not usually used for making regular jewelry. Instead, it’s mostly sold in the form of gold bars and coins, which people buy for investment.

What is 22 Carat Gold? The Jewelry Standard

Purity: 22 carat (22K) gold is what most gold jewelry in India is made of. It contains 22 parts gold and 2 parts of other metals like silver, zinc, or nickel. This makes it 91.6% pure gold.

Appearance: It’s still a beautiful yellow, but slightly less intense than 24K gold.

Also Read – Bank Holiday Alert.

Use: The added metals make 22K gold harder and more durable, which is perfect for making intricate jewelry that can be worn every day without getting damaged easily.

What About 18 Carat and 14 Carat Gold?

18 Carat Gold (18K): This type of gold has 18 parts gold and 6 parts other metals, making it 75% pure. It’s more durable than 22K gold and is often used for making stone-studded jewelry and diamond rings, as it holds the gems more securely.

14 Carat Gold (14K): This has 14 parts gold and 10 parts other metals, making it 58.3% pure. It’s even stronger and more affordable, making it a popular choice for people who want beautiful gold jewelry on a tighter budget.

Why Do Gold Prices Change Every Day?

Have you ever wondered why the price of gold you see today is different from yesterday? Several big factors influence the price of gold in India and around the world.

Global Market: Gold is traded all over the world. Any major global event, like a war, a financial crisis, or changes in the US dollar’s value, can affect gold prices. When people feel uncertain about the economy, they often buy gold as a “safe haven,” which pushes the price up.

The Indian Rupee: The price of gold in India is also linked to the value of the Indian Rupee against the US Dollar. If the Rupee gets weaker, we have to pay more for gold, and the price goes up.

Demand and Supply: Like any other thing, the price of gold depends on how much people want to buy it. During the wedding season and festivals like Diwali and Akshaya Tritiya, the demand for gold in India goes way up, and this can increase the price.

Government Policies and Taxes: The government can change the import duty (tax on gold coming from other countries) on gold. If the tax is increased, the price of gold in India will also increase.

FAQs: Gold price today

What is the difference between hallmark gold and regular gold?

Hallmark gold is gold that has been tested and certified for its purity by the Bureau of Indian Standards (BIS). A BIS hallmark on jewelry is a guarantee of its purity. You should always look for the hallmark stamp when buying gold jewelry.

Is it a good time to buy gold now?

This is a tricky question. Gold prices are high right now, but many experts believe they could go even higher in the future. If you are buying for a long-term investment or for a special occasion like a wedding, then any time is a good time. If you are buying for short-term gains, it’s best to watch the market carefully.

How are making charges calculated on gold jewelry?

Making charges are the costs of designing and creating the jewelry piece. They can range from 8% to as high as 25% of the value of the gold. It’s important to ask the jeweler about the making charges, as they can be negotiated.

Can I sell my old gold?

Yes, you can sell your old gold to any jeweller. They will check the purity of your gold and weigh it, and then offer you a price based on the current market rate. Remember that the jeweller will likely deduct a certain percentage from the value.

Gold price today: Buying gold is a big decision, and being informed is the best way to make a smart choice. We hope this guide has helped you understand the current gold prices and everything else you need to know. Happy shopping!

By Mohd Asad khan

• Founder of 🅣🅔🅝🅓🅘🅖🅘🅧 (SMM & Content writing Agency) • Helping founders grow on In, Ig, Pin, X organically. • Social media management, Graphic design, Brand building, Content marketing, SEO Specialist, Content and Blog writer.

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