Gold price today: 22/24 cost carat in Indian metro cities

Gold is one of the most sought-after commodities in India, as it is considered a symbol of wealth and prosperity.

The price of gold varies depending on the purity, demand, supply factors, and local taxes and duties. In this blog post, we will look at the gold price today for 22 and 24-carat gold in some of the major metro cities in India.

22-carat gold price

22-carat gold is also known as standard gold or 916 gold. It contains 91.6% pure gold and 8.4% other metals like silver, copper, zinc, etc. It is commonly used for making jewelry and ornaments. The price of 22-carat gold today in some of the metro cities is as follows:

• Delhi: Rs. 44,500 per 10 grams
• Mumbai: Rs. 44,300 per 10 grams
• Kolkata: Rs. 45,200 per 10 grams
• Chennai: Rs. 43,800 per 10 grams
• Bangalore: Rs. 43,500 per 10 grams
• Hyderabad: Rs. 43,600 per 10 grams

24-carat gold price

24-carat gold is also known as pure gold or 999 gold. It contains 99.9% pure gold and no other metals. It is unsuitable for making jewelry and ornaments as it is very soft and malleable. It is mainly used for investment purposes like coins, bars, etc. The price of 24-carat gold today in some of the metro cities is as follows:

• Delhi: Rs. 48,500 per 10 grams
• Mumbai: Rs. 48,300 per 10 grams
• Kolkata: Rs. 49,200 per 10 grams
• Chennai: Rs. 47,800 per 10 grams
• Bangalore: Rs. 47,500 per 10 grams
• Hyderabad: Rs. 47,600 per 10 grams

Factors affecting gold price

The gold price in India is influenced by various factors such as:

1. The global demand and supply of gold determine the international gold price.
2. The exchange rate of the Indian rupee against the US dollar affects the import cost of gold.
3. The domestic demand and supply of gold depend on the festive and wedding seasons, consumer preferences, etc.
4. The local taxes and duties, such as GST, customs duty, etc., add to the final price of gold.

Conclusion

Gold is a valuable asset that can provide a hedge against inflation and currency fluctuations. However, it is also subject to market volatility and risks. Therefore, doing your research and consulting a financial expert before investing in gold is advisable.

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