Gold Rate

Today Gold Price in India 22 Carat and 24 Carat Per Gram

Location22k (Standard Gold)Change24k (Pure Gold)Change
Bangalore ₹ 4,783 NIL ₹ 5,218 NIL
Chennai ₹ 4,837 NIL ₹ 5,277 NIL
Delhi ₹ 4,783 NIL ₹ 5,218 NIL
Hyderabad ₹ 4,783 NIL ₹ 5,218 NIL
Kerala ₹ 4,792 NIL ₹ 5,037 NIL
Kolkata ₹ 4,783 NIL ₹ 5,218 NIL
Mumbai ₹ 4,783 NIL ₹ 5,218 NIL
Agra ₹ 4,923 NIL ₹ 5,168 NIL
Ahmedabad ₹ 4,795 NIL ₹ 5,230 NIL
Allahabad ₹ 4,923 NIL ₹ 5,169 NIL
Amritsar ₹ 4,923 NIL ₹ 5,169 NIL
Aurangabad ₹ 4,889 NIL ₹ 5,135 NIL
Bareilly ₹ 4,924 NIL ₹ 5,171 NIL
Belgaum ₹ 4,930 NIL ₹ 5,174 NIL
Bhubaneshwar ₹ 4,790 NIL ₹ 5,225 NIL
Chandigarh ₹ 4,805 NIL ₹ 5,240 NIL
Coimbatore ₹ 5,021 NIL ₹ 5,041 NIL
Cuttack ₹ 4,962 NIL ₹ 5,210 NIL
Dehradun ₹ 4,922 NIL ₹ 5,172 NIL
Faridabad ₹ 4,920 NIL ₹ 5,172 NIL
Ghaziabad ₹ 4,922 NIL ₹ 5,167 NIL
Gurgaon ₹ 4,920 NIL ₹ 5,166 NIL
Guwahati ₹ 4,959 NIL ₹ 5,211 NIL
Howrah ₹ - - ₹ - -
Indore ₹ 4,892 NIL ₹ 5,135 NIL
Jabalpur ₹ 4,893 NIL ₹ 5,139 NIL
Jaipur ₹ 4,805 NIL ₹ 5,240 NIL
Jalgaon ₹ 4,895 NIL ₹ 5,137 NIL
Jammu ₹ 4,924 NIL ₹ 5,170 NIL
Jamnagar ₹ 4,908 NIL ₹ 4,908 -245
Jamshedpur ₹ 4,958 NIL ₹ 5,205 NIL
Jodhpur ₹ 4,907 NIL ₹ 5,151 NIL
Kanpur ₹ 4,925 NIL ₹ 5,169 NIL
Kochi ₹ 4,776 NIL ₹ 5,210 NIL
Kolhapur ₹ 4,893 NIL ₹ 5,140 NIL
Kota ₹ 4,910 NIL ₹ 5,154 NIL
Lucknow ₹ 4,805 NIL ₹ 5,240 NIL
Ludhiana ₹ 4,920 NIL ₹ 5,170 NIL
Madurai ₹ 4,821 NIL ₹ 5,241 NIL
Malappuram ₹ 4,792 NIL ₹ 5,032 NIL
Mangalore ₹ 4,790 NIL ₹ 5,225 NIL
Meerut ₹ 4,920 NIL ₹ 5,169 NIL
Mysore ₹ 4,790 NIL ₹ 5,225 NIL
Nagpur ₹ 4,798 NIL ₹ 5,233 NIL
Nanded ₹ 4,890 NIL ₹ 5,138 NIL
Nasik ₹ 4,798 NIL ₹ 5,233 NIL
Noida ₹ 4,922 NIL ₹ 5,172 NIL
Panaji ₹ 4,926 NIL ₹ 5,178 NIL
Patna ₹ 4,798 NIL ₹ 5,233 NIL
Pondicherry ₹ 4,844 NIL ₹ 5,086 NIL
Pune ₹ 4,798 NIL ₹ 5,233 NIL
Raipur ₹ 4,894 NIL ₹ 5,139 NIL
Rajkot ₹ 4,909 NIL ₹ 5,155 NIL
Ranchi ₹ 4,961 NIL ₹ 5,207 NIL
Ratlam ₹ 4,890 NIL ₹ 5,138 NIL
Sangli ₹ 4,891 NIL ₹ 5,137 NIL
Shimla ₹ 4,920 NIL ₹ 5,167 NIL
Siliguri ₹ 4,961 NIL ₹ 5,211 NIL
Solapur ₹ 4,894 NIL ₹ 5,136 NIL
Srinagar ₹ 4,920 NIL ₹ 5,169 NIL
Surat ₹ 4,795 NIL ₹ 5,230 NIL
Thane ₹ 4,896 NIL ₹ 5,140 NIL
Tiruchirapalli ₹ 4,805 NIL ₹ 5,204 NIL
Udaipur ₹ 4,908 NIL ₹ 5,156 NIL
Udupi ₹ 4,932 NIL ₹ 5,178 NIL
Vadodara ₹ 4,798 NIL ₹ 5,233 NIL
Varanasi ₹ 4,920 NIL ₹ 5,167 NIL
Vijayawada ₹ 4,790 NIL ₹ 5,225 NIL
Visakhapatnam ₹ 4,790 NIL ₹ 5,225 NIL
Warangal ₹ 4,844 NIL ₹ 5,085 NIL
Aligarh ₹ 4,923 NIL ₹ 5,171 NIL
Ambala ₹ 4,927 NIL ₹ 5,171 NIL
Amravati ₹ 4,891 NIL ₹ 5,137 NIL
Bellary ₹ 4,933 NIL ₹ 5,176 NIL
Bhilai ₹ 4,895 NIL ₹ 5,140 NIL
Bhopal ₹ 4,891 NIL ₹ 5,137 NIL
Dindigul ₹ 4,839 NIL ₹ 5,083 NIL
Erode ₹ 4,842 NIL ₹ 5,087 NIL
Gulbarga ₹ 4,928 NIL ₹ 5,176 NIL
Guntur ₹ 4,842 NIL ₹ 5,082 NIL
Haldwani ₹ 4,925 NIL ₹ 5,168 NIL
Hisar ₹ 4,927 NIL ₹ 5,168 NIL
Hosur ₹ 4,839 NIL ₹ 5,086 NIL
Kakinada ₹ 4,840 NIL ₹ 5,084 NIL
Kannur ₹ 4,797 NIL ₹ 5,035 NIL
Karnal ₹ 4,926 NIL ₹ 5,169 +243
Karur ₹ 4,840 NIL ₹ 5,080 +240
Kozhikode ₹ 4,794 NIL ₹ 5,033 NIL
Kurnool ₹ 4,841 NIL ₹ 5,082 NIL
Nagercoil ₹ 4,843 NIL ₹ 5,084 NIL
Nellore ₹ 4,843 NIL ₹ 5,087 NIL
Proddatur ₹ 4,841 NIL ₹ 5,081 NIL
Rajahmundry ₹ 4,840 NIL ₹ 5,083 NIL
Salem ₹ 4,840 NIL ₹ 5,083 NIL
Shimoga ₹ 4,928 NIL ₹ 5,174 NIL
Thanjavur ₹ 4,842 NIL ₹ 5,082 NIL
Thiruvananthapuram ₹ 4,790 NIL ₹ 5,225 NIL
Thrissur ₹ 4,793 NIL ₹ 5,033 NIL
Tirunelveli ₹ 4,841 NIL ₹ 5,081 NIL
Tuticorin ₹ 4,841 NIL ₹ 5,086 NIL
Vellore ₹ 4,842 NIL ₹ 5,084 NIL

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Trend of Gold Rate in India

In India, demand for Gold, a precious metal has been increasing day by day. Gold is not only considered as highly auspicious, but also a matter of pride and prestige. Gold Rate play a vital role in influencing the demand for gold in India. Gold rate fluctuates according to market conditions and availability. In 1965, the average price of 10 grams of gold was Rs. 71.75, now it has been increased up to 400 times. Grasp Gold Rate accurately from this page.

22 Karat Gold Rate VS 24 Karats

Karat refers to the purity of gold. 24 Karat (24K) gold is considered as pure gold, i.e. 100% gold. 22 Karat (22 K) consists of some portion alloy mixed with gold, which means, 91.7% of the composition is pure gold and the remaining is alloy in 22K Gold. In order to make ornaments, it is very difficult to use 24K pure gold because it is very soft in nature. Thus gold is mixed with other metals like copper and silver (which is 22 K gold) for making ornaments. Pure Gold (24 K) is always slightly higher in price when compared to Standard Gold (22 K). Grab exact Gold Rate for both 24 K and 22 K gold from this page.

Determining factors of Gold Rate

Gold rate is determined by the following factors:
1) Value of Indian Rupee - If the Indian Rupee slides against the US Dollar, Gold rate in India per gram becomes expensive.
2) Central Bank Reserves - Reserve Bank of India hold paper currencies and gold in reserves. Recently, RBI has started buying more gold than selling, to diversify its monetary reserves. This increases the prices of gold.
3) Global price changes - India is one of the largest importers of gold. When the import prices change due to global movement in price, the same is subsequently reflected in the Gold Price
4) High Demand for Gold - Also demand plays an important role in determining the Gold rate. If the demand for gold increases, gold rate also rises and vice versa.
5) Interest rates: Usually gold prices increases with decrease in the interest rates as it helps people investing a large amount at lower prices.

In India, Gold as a safe investment

This is the golden era for excellent investment in gold. Gold is always a safe source of investment. Gold investment is more liquid than investments in other forms (easily transformed into cash when needed). Few tips on how to invest in gold correctly is presented below:
1) Jewellery buying: Traditional way of gold investment is Jewellery buying where one can buy gold ornaments, bars or coins. This method accounts for a major portion of gold investments in Location. The main advantage of this method of investment is that Jewellery can be sold or exchanged easily if the need arises.
2) Investment in Gold coins: Investment in gold bullion coins is also a better option for people in Location over jewel buying, because there is no wastage or making charges involved to purchase them. These coins are available in different weights, ranging from 1 g to 10 g or more.
3) Investment in Gold Bullion Bars: A gold bullion bar is generally 99.5% pure and weighs around 1 kg. Bars generally carry lower price premiums than gold bullion coins.
4) Gold Accumulation Plan: This allows people in Location to invest in gold through regular monthly Installments. Through this plan, physical gold can be accumulated over the tenure of the scheme ranging from 1 year to 15 years, with the minimum monthly subscription being as low as Rs. 1000 per month.

BIS Hallmark Gold Jewellery in India

In India, national standards organization named Bureau of Indian Standards (BIS) certifies the purity of the Gold. The BIS hallmarking Scheme of gold jewellery began in April 2000. Gold jewellery is hallmarked only by BIS recognized "Assaying and Hallmarking Centre". Only BIS certified jewellers can get their jewellery hallmarked from any of these centres.

Buy only BIS hallmarked gold jewellery from a registered jewellery store. KDM is not Hallmarked jewellery. So KDM can not assure the purity of Gold. Before purchasing gold jewellery, One must check hallmark which comprises of five components viz,
1. BIS Logo,
2. The purity grade (Fineness) number (corresponding to given caratage as mentioned below),
3. Assaying and Hallmarking Centre's Logo,
4. Jeweller's identification Mark (Logo/ code),
5. Year of Hallmarking denoted by a code letter and decided by BIS (e.g. code letter `A' was approved by BIS for year 2000, `B' being used for the year 2001 and `C' for 2002 and 'J' for 2008).
In India, the Hallmarked Gold jewellery is available in various Karatage which denotes the purity of the gold as:
  • 999 - 24 carat Pure Gold
  • 958 - Corresponding to 23 Carat Gold
  • 916 - Corresponding to 22 Carat Gold
  • 875 - Corresponding to 21 Carat Gold
  • 750 - Corresponding to 18 Carat Gold
  • 708 - Corresponding to 17 carat Gold
  • 585 - Corresponding to 14 Carat Gold
  • 417 - Corresponding to 10 carat Gold
  • 375 - Corresponding to 9 Carat Gold
  • 333 - Corresponding to 8 carat Gold

Gold ETF and E-Gold - A Better Investment to Make

Across centuries, gold is considered as a universal indicator of wealth and as the better investment option. This precious metal has never lost its importance in the global market till this very date. Any political tension or economic imbalances around any part of the world has a direct effect on gold rate and its demand, especially countries where gold is imported and exported in larger scale. Gold in other words is a Global Currency.

From 1975, the rate of gold has been constantly surging up with its peak reaching 2011. Any unsafe and tensed atmosphere around the world/global economy has direct influence toward gold rate fluctuations. The fluctuations in the global market in turn have major effect on countries importing gold at larger rate.

Among other investment options, gold is considered to be safer though it yields lesser investment returns. There are contradictory opinions for investing in gold, but it depends on return rate an individual/investor expects. Also with its constant rise and demand in global market, gold has never let down its investors. In the past few decades, gold always has a steady rise in value with its peak in 2011, recorded the highest in last nine years.

Gold ETF and E-Gold

It is always good to have a part of investment in gold whether it is going to rise or fall. Looking for ways to invest in gold rather than purchasing physical form of gold? Apart from the older and traditional way of purchasing gold ornaments, gold biscuits and gold coins, investment in gold has taken up new levels. Gold ETF and E-gold are the trending alternates for investing in gold with good investment returns when compared to physical form of gold.

Gold ETFs are open-ended mutual fund schemes where the money is invested in Standard Gold Bullion and are like the shares of a Company as investor can buy and sell units of Gold ETF. E-gold is held in demat form electronically and can be converted to physical form of gold easily. E-gold has taken up Gold ETF as it gives more investment returns compared to the latter.

  • Physical delivery can be done anytime investing in E-gold, while in few ETFs it is not possible.
  • Gold ETfs can be converted to physical gold only after it has reached a certain size (500gms or 1 kg), which will not be the case of E-gold.
  • One year is considered as long term for Gold ETF and is exempt from wealth tax, while it is taxable for E-gold and it has a long term of three years.
  • Both E-gold and Gold ETF has brokerage fee.
  • E-gold has higher rate of returns when compared to Gold ETF.
During economic instability, investors take up safer investing options like gold, Gold ETF, and E-gold. But once the market standardizes or gains strength, they take up on riskier investment forms like stocks and shares as they yield very higher returns. But any time of the year, it is good to have few investments in the Gold basket too.
Gold Rate in India - FAQ
Q1. What is Hallmark Gold?

Hallmark gold is the certificate issued for the purity of gold. Buyers of gold should always check the purity of gold while purchasing. Hallmark, 916, etc indicate the purity of gold and it helps both the buyers and sellers. Hallmark certification is done by the Bureau of Indian Standards(BIS) and is recognised by the Government of India. The certification of gold is done based on the rules and regulations of BIS Act. The laser engraved details are available in the hallmarked gold.

Q2. Is Gold a safe investment?

Gold is not a much safer thing to invest upon. Gold investment sometimes seems to be a risky investment to be made. Gold rates fluctuate even to a larger extent at times. Though the stock market performs well, there is still a chance for the price of gold to lag behind. So the gold investment turns out to be a riskier one comparatively.

Q3. How to buy Gold in India?
When one decides to purchase gold, he or she must be aware of certain information. Firstly, one should decide upon what form of gold, he or she wishes to purchase. Gold can be purchased in the form of coins, bars or ornaments. The buyer should search for the best dealers and compare by checking the reviews. It is always advisable to buy gold through online for safety reasons. The gold rates are influenced by various factors like the economy, rise or fall of the other products in the economy. Gold rates are influenced by other factors directly as well indirectly and so buyers should check the status of the economy to decide when to buy gold. Also buyers should check through the daily gold rates to get an idea of when to invest in order to buy gold at a best price.

Q4. Will there be a fall in the price of Gold in cutYear?

Gold rates may even rise upto Rs.45000 in this year. In 2021,u00a0there was high fluctuations in the rate of gold. But due many government policies related to gold, the price started to rise during the end of 2021. So far, this trend is still continuing with gradual increase in the gold rate in 2022.

Q5. What is the reason for an increase in the gold rate in India?

Gold rates in India have steadily increased over the past few years. There are many reasons for the increase in gold rates. People in India buy gold mostly in the form of jewelleries for almost all the occasions like wedding, birthday and other auspicious days. Some of the other reasons for increase in gold rates are inflation, global movement, government policies and interest rate trends.

Q6. How can we check the purity of Gold?

The purity of gold is identified through the certification of gold. The different certification like 916, Hallmark BIS mark that show the purity of gold and it is engraved in the gold. This way the buyers as well as the seller will be able to identify the purity of gold.

Q7. How much is the GST on gold?

One has to pay GST while purchasing gold. GST charged on gold is 3% in case of jewelleries. Earlier when one buys gold, he or she has to pay 1% VAT and 1% service tax. But now with the introduction of GST in India, purchasing gold turned out to be expensive.

Q8. Which is the best month to buy Gold?

Based on the data of the past few years, it is advisable that buyers can get gold in the month of January, March or April and late June. Buyers should go through the gold rates everyday and invest when the rates are low.

Q9. Which is the best form of gold for purchase?

Buyers who wish to purchase gold for the purpose of investment can proceed by purchasing gold in the form of bars. The advantages of purchasing gold bars are easy storage, easy to buy and sell and high volume diversification.

Gold Rate in India
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