Gold Silver Rate Today: As of today, the gold price in India stands at ₹6,670 per gram for 22 karat gold and ₹7,277 per gram for 24 karat gold (also known as 999 gold). For those interested in 18 karat gold, the current rate is ₹5,457 per gram. These prices serve as a valuable reference for investors and buyers alike.
Gold as an Investment Tool
Over the years, gold has proven to be an excellent hedge against inflation. This precious metal has caught the attention of investors who view it as a crucial component of their investment portfolio. The stability and long-term value of gold make it an attractive option for those looking to diversify their investments.
Price Comparison and Stability
Interestingly, today’s gold prices remain unchanged from yesterday across all carats. This stability is evident in the prices for various quantities:
- For 22 karat gold: 8 grams cost ₹53,360, 10 grams ₹66,700, and 100 grams ₹6,67,000.
- For 24 karat gold: 8 grams are priced at ₹58,216, 10 grams at ₹72,770, and 100 grams at ₹7,27,700.
- For 18 karat gold: 8 grams cost ₹43,656, 10 grams ₹54,570, and 100 grams ₹5,45,700.
Gold Rates in Major Indian Cities
Gold prices can vary slightly across different Indian cities due to factors like local taxes and demand. Here’s a snapshot of the current 22 karat gold rates per gram in major cities:
- Chennai, Mumbai, Bangalore, Hyderabad, Kerala, and Pune: ₹6,670
- Delhi: ₹6,685
- Vadodara and Ahmedabad: ₹6,675
The 24 karat and 18 karat gold rates also show similar variations across these cities.
Factors Influencing Gold Prices
It’s important to note that the provided gold rates are indicative and don’t include GST, TCS, and other levies. For exact rates, it’s advisable to contact local jewelers. The prices of gold can be influenced by various factors including global economic conditions, currency fluctuations, and local demand.
Considerations for Buyers and Investors
When considering gold as an investment or for purchase, keep in mind:
1. Price variations across different carats of gold
2. Slight differences in prices between cities
3. Additional costs like GST and other levies
4. The importance of verifying prices with local jewelers
Gold continues to be a popular investment choice in India, offering a hedge against inflation and economic uncertainties. Whether you’re looking to invest or purchase gold for personal use, staying informed about current prices and understanding the factors that influence them is crucial. Remember to consider all aspects, including additional costs and local variations, before making your gold-related decisions.
