Gold Rate Today in India Price updated 28th May 2018

Gold Rate Today in India Price updated 28th May 2018 discern Gold Rate Today in India for 24 karat and 22 karat gold. Identify Gold rate across India in rupees per gram as well as per 8 grams. Discover accurate Today Gold rate which are verified and updated up to this minute. Perceive all essential details and latest updates on Gold rate today across India in a jiffy.
Last Modified :28-05-2018

Gold Rate Today 1Gram - 22 & 24 Carat Price India INR 28th May 2018

Location22k (Standard Gold)Change24k (Pure Gold)Change
Bangalore ₹ 2,944 NIL ₹ 3,090 NIL
Chennai ₹ 2,988 NIL ₹ 3,136 NIL
Delhi ₹ 3,067 NIL ₹ 3,215 NIL
Hyderabad ₹ 2,988 NIL ₹ 3,140 NIL
Kerala ₹ 2,902 NIL ₹ 3,053 NIL
Kolkata ₹ 3,091 NIL ₹ 3,245 NIL
Mumbai ₹ 3,077 NIL ₹ 3,234 NIL
Agra ₹ 3,064 NIL ₹ 3,218 NIL
Ahmedabad ₹ 3,084 NIL ₹ 3,241 NIL
Allahabad ₹ 3,067 NIL ₹ 3,217 NIL
Aurangabad ₹ 3,081 NIL ₹ 3,232 NIL
Bareilly ₹ 3,064 NIL ₹ 3,216 NIL
Belgaum ₹ 2,944 NIL ₹ 3,091 NIL
Bhubaneshwar ₹ 3,095 NIL ₹ 3,247 NIL
Chandigarh ₹ 3,067 NIL ₹ 3,214 NIL
Coimbatore ₹ 2,988 NIL ₹ 3,136 NIL
Cuttack ₹ 3,095 NIL ₹ 3,245 NIL
Dehradun ₹ 3,065 NIL ₹ 3,220 NIL
Faridabad ₹ 3,063 NIL ₹ 3,219 NIL
Ghaziabad ₹ 3,065 NIL ₹ 3,219 NIL
Gurgaon ₹ 3,063 NIL ₹ 3,216 NIL
Guwahati ₹ 3,094 NIL ₹ 3,245 NIL
Indore ₹ 3,078 NIL ₹ 3,232 NIL
Jabalpur ₹ 3,077 NIL ₹ 3,236 NIL
Jaipur ₹ 3,085 NIL ₹ 3,239 NIL
Jalgaon ₹ 3,082 NIL ₹ 3,231 NIL
Jammu ₹ 3,067 NIL ₹ 3,216 NIL
Jamnagar ₹ 3,086 NIL ₹ 3,239 NIL
Jamshedpur ₹ 3,089 NIL ₹ 3,248 NIL
Jodhpur ₹ 3,090 NIL ₹ 3,241 NIL
Kanpur ₹ 3,062 NIL ₹ 3,217 NIL
Kochi ₹ 2,903 NIL ₹ 3,047 NIL
Kolhapur ₹ 3,080 NIL ₹ 3,234 NIL
Kota ₹ 3,086 NIL ₹ 3,242 NIL
Lucknow ₹ 3,064 NIL ₹ 3,217 NIL
Ludhiana ₹ 3,064 NIL ₹ 3,221 NIL
Madurai ₹ 2,989 NIL ₹ 3,137 NIL
Malappuram ₹ 2,905 NIL ₹ 3,049 NIL
Mangalore ₹ 2,946 NIL ₹ 3,090 NIL
Meerut ₹ 3,065 NIL ₹ 3,219 NIL
Mysore ₹ 2,941 NIL ₹ 3,091 NIL
Nagpur ₹ 3,076 NIL ₹ 3,232 NIL
Nanded ₹ 3,077 NIL ₹ 3,230 NIL
Nasik ₹ 3,077 NIL ₹ 3,232 NIL
Noida ₹ 3,068 NIL ₹ 3,216 NIL
Panaji ₹ 2,947 NIL ₹ 3,093 NIL
Patna ₹ 3,090 NIL ₹ 3,245 NIL
Pondicherry ₹ 2,985 NIL ₹ 3,138 NIL
Pune ₹ 3,075 NIL ₹ 3,234 NIL
Raipur ₹ 3,078 NIL ₹ 3,235 NIL
Rajkot ₹ 3,087 NIL ₹ 3,241 NIL
Ranchi ₹ 3,094 NIL ₹ 3,247 NIL
Ratlam ₹ 3,076 NIL ₹ 3,234 NIL
Sangli ₹ 3,075 NIL ₹ 3,233 NIL
Shimla ₹ 3,064 NIL ₹ 3,216 NIL
Siliguri ₹ 3,096 NIL ₹ 3,250 NIL
Solapur ₹ 3,080 NIL ₹ 3,233 NIL
Srinagar ₹ 3,065 NIL ₹ 3,220 NIL
Surat ₹ 3,090 NIL ₹ 3,243 NIL
Thane ₹ 3,078 NIL ₹ 3,230 NIL
Tiruchirapalli ₹ 2,990 NIL ₹ 3,140 NIL
Udaipur ₹ 3,085 NIL ₹ 3,244 NIL
Udupi ₹ 2,942 NIL ₹ 3,088 NIL
Vadodara ₹ 3,086 NIL ₹ 3,241 NIL
Varanasi ₹ 3,064 NIL ₹ 3,216 NIL
Vijayawada ₹ 2,987 NIL ₹ 3,139 NIL
Visakhapatnam ₹ 2,986 NIL ₹ 3,135 NIL
Warangal ₹ 2,991 NIL ₹ 3,135 NIL
Aligarh ₹ 3,066 NIL ₹ 3,214 NIL
Ambala ₹ 3,066 NIL ₹ 3,217 NIL
Amravati ₹ 3,081 NIL ₹ 3,230 NIL
Bellary ₹ 2,943 NIL ₹ 3,090 NIL
Bhilai ₹ 3,075 NIL ₹ 3,229 NIL
Bhopal ₹ 3,081 NIL ₹ 3,234 NIL
Dindigul ₹ 2,986 NIL ₹ 3,140 NIL
Erode ₹ 2,987 NIL ₹ 3,134 NIL
Gulbarga ₹ 2,942 NIL ₹ 3,094 NIL
Guntur ₹ 2,986 NIL ₹ 3,138 NIL
Haldwani ₹ 3,062 NIL ₹ 3,217 NIL
Hisar ₹ 3,065 NIL ₹ 3,214 NIL
Hosur ₹ 2,989 NIL ₹ 3,141 NIL
Kakinada ₹ 2,990 NIL ₹ 3,140 NIL
Kannur ₹ 2,907 NIL ₹ 3,053 NIL
Karnal ₹ 3,062 NIL ₹ 3,216 NIL
Karur ₹ 2,990 NIL ₹ 3,139 NIL
Kozhikode ₹ 2,902 NIL ₹ 3,049 NIL
Kurnool ₹ 2,990 NIL ₹ 3,135 NIL
Nagercoil ₹ 2,986 NIL ₹ 3,141 NIL
Nellore ₹ 2,986 NIL ₹ 3,137 NIL
Proddatur ₹ 2,987 NIL ₹ 3,140 NIL
Rajahmundry ₹ 2,987 NIL ₹ 3,141 NIL
Salem ₹ 2,987 NIL ₹ 3,136 NIL
Shimoga ₹ 2,941 NIL ₹ 3,091 NIL
Thanjavur ₹ 2,988 NIL ₹ 3,138 NIL
Thiruvananthapuram ₹ 2,902 NIL ₹ 3,053 NIL
Thrissur ₹ 2,904 NIL ₹ 3,048 NIL
Tirunelveli ₹ 2,991 NIL ₹ 3,137 NIL
Tuticorin ₹ 2,988 NIL ₹ 3,140 NIL
Vellore ₹ 2,986 NIL ₹ 3,137 NIL

Latest Gold News and Gold Updates for the Week

Last Updated October 5, 2017

Gold rates are highly influenced by USD and US economy. With the political tension between US and North Korea, due to weakened USD, gold rates have been at its peak in the month of September. But with the US Dollar standardizing and gaining strength, gold rate has hit the lowest in seven weeks on Tuesday, October 3, 2017. With the stocks and shares rising, Gold ETF also falls to the lowest since July. Gold rate is likely to fall a few more dollars by mid October with strengthening USD. With the lowest hit of $1,271 on Tuesday, it is expected to go down to around $1,200.

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 Today 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 Todays Gold Rate accurately from this page.

22 Karat Todays 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 Todays Gold Rate for both 24 K and 22 K gold from this page.

Determining factors of Gold Rate Today

Todays 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 today 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. 1,000 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.








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