Gold Rate Today. Updated 22nd October 2017 Gold Price in India Today

Gold Rate Today. Updated 22nd October 2017 Gold Price in India Today. 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 :22-10-2017

Gold Rate Today 1Gram - 22 & 24 Carat Gold Price India INR 22nd October 2017

Location22k (Standard Gold)Change24k (Pure Gold)Change
Hyderabad ₹ 2,840 NIL ₹ 3,043 NIL
Delhi ₹ 2,881 NIL ₹ 3,078 NIL
Chennai ₹ 2,840 NIL ₹ 3,037 NIL
Kerala ₹ 2,788 NIL ₹ 2,977 NIL
Bangalore ₹ 2,785 NIL ₹ 2,982 NIL
Kolkata ₹ 2,925 NIL ₹ 3,130 NIL
Mumbai ₹ 2,928 NIL ₹ 3,023 NIL
Rajkot ₹ 2,922 NIL ₹ 3,119 NIL
Raipur ₹ 2,845 NIL ₹ 3,040 NIL
Pune ₹ 2,927 NIL ₹ 3,025 NIL
Pondicherry ₹ 2,846 NIL ₹ 3,040 NIL
Patna ₹ 2,933 NIL ₹ 3,128 NIL
Mangalore ₹ 2,786 NIL ₹ 2,986 NIL
Panaji ₹ 2,791 NIL ₹ 2,978 NIL
Noida ₹ 2,875 NIL ₹ 3,073 NIL
Nasik ₹ 2,934 NIL ₹ 3,030 NIL
Meerut ₹ 2,876 NIL ₹ 3,069 NIL
Nanded ₹ 2,931 NIL ₹ 3,030 NIL
Nagpur ₹ 2,928 NIL ₹ 3,031 NIL
Mysore ₹ 2,789 NIL ₹ 2,978 NIL
Warangal ₹ 2,847 NIL ₹ 3,042 NIL
Ranchi ₹ 2,923 NIL ₹ 3,129 NIL
Visakhapatnam ₹ 2,842 NIL ₹ 3,045 NIL
Vijayawada ₹ 2,839 NIL ₹ 3,046 NIL
Varanasi ₹ 2,871 NIL ₹ 3,073 NIL
Vadodara ₹ 2,919 NIL ₹ 3,120 NIL
Udupi ₹ 2,795 NIL ₹ 2,980 NIL
Udaipur ₹ 2,923 NIL ₹ 3,124 NIL
Tiruchirapalli ₹ 2,846 NIL ₹ 3,039 NIL
Thane ₹ 2,927 NIL ₹ 3,027 NIL
Surat ₹ 2,919 NIL ₹ 3,118 NIL
Srinagar ₹ 2,879 NIL ₹ 3,076 NIL
Solapur ₹ 2,935 NIL ₹ 3,027 NIL
Siliguri ₹ 2,933 NIL ₹ 3,127 NIL
Shimla ₹ 2,878 NIL ₹ 3,075 NIL
Sangli ₹ 2,933 NIL ₹ 3,026 NIL
Ratlam ₹ 2,932 NIL ₹ 3,033 NIL
Malappuram ₹ 2,791 NIL ₹ 2,982 NIL
Madurai ₹ 2,850 NIL ₹ 3,045 NIL
Gurgaon ₹ 2,872 NIL ₹ 3,077 NIL
Ghaziabad ₹ 2,871 NIL ₹ 3,071 NIL
Faridabad ₹ 2,880 NIL ₹ 3,070 NIL
Dehradun ₹ 2,872 NIL ₹ 3,074 NIL
Cuttack ₹ 2,842 NIL ₹ 3,042 NIL
Coimbatore ₹ 2,848 NIL ₹ 3,038 NIL
Chandigarh ₹ 2,877 NIL ₹ 3,069 NIL
Bhubaneshwar ₹ 2,844 NIL ₹ 3,042 NIL
Belgaum ₹ 2,790 NIL ₹ 2,979 NIL
Bareilly ₹ 2,875 NIL ₹ 3,075 NIL
Aurangabad ₹ 2,935 NIL ₹ 3,030 NIL
Amritsar ₹ 2,871 NIL ₹ 3,069 NIL
Allahabad ₹ 2,874 NIL ₹ 3,071 NIL
Ahmedabad ₹ 2,918 NIL ₹ 3,116 NIL
Guwahati ₹ 2,923 NIL ₹ 3,127 NIL
Howrah ₹ 2,929 NIL ₹ 3,131 NIL
Ludhiana ₹ 2,875 NIL ₹ 3,072 NIL
Lucknow ₹ 2,873 NIL ₹ 3,072 NIL
Kota ₹ 2,919 NIL ₹ 3,119 NIL
Kolhapur ₹ 2,930 NIL ₹ 3,032 NIL
Kochi ₹ 2,789 NIL ₹ 2,976 NIL
Kanpur ₹ 2,877 NIL ₹ 3,069 NIL
Jodhpur ₹ 2,926 NIL ₹ 3,116 NIL
Jamshedpur ₹ 2,926 NIL ₹ 3,124 NIL
Jamnagar ₹ 2,920 NIL ₹ 3,119 NIL
Jammu ₹ 2,876 NIL ₹ 3,067 NIL
Jalgaon ₹ 2,934 NIL ₹ 3,031 NIL
Jaipur ₹ 2,917 NIL ₹ 3,117 NIL
Jabalpur ₹ 2,929 NIL ₹ 3,031 NIL
Indore ₹ 2,931 NIL ₹ 3,027 NIL
Agra ₹ 2,874 NIL ₹ 3,073 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.

GOLD RATE BY LOCATION

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Gold Rate In Agra

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Gold Rate In Ahmedabad

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Gold Rate In Allahabad

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Gold Rate In Amritsar

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Gold Rate In Aurangabad

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Gold Rate In Bangalore

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Gold Rate In Bareilly

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Gold Rate In Belgaum

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Gold Rate In Bhubaneshwar

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Gold Rate In Chandigarh

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Gold Rate In Chennai

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Gold Rate In Coimbatore

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Gold Rate In Cuttack

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Gold Rate In Dehradun

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Gold Rate In Delhi

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Gold Rate In Faridabad

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Gold Rate In Ghaziabad

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Gold Rate In Gurgaon

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Gold Rate In Guwahati

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Gold Rate In Howrah

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Gold Rate In Hyderabad

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Gold Rate In Indore

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Gold Rate In Jabalpur

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Gold Rate In Jaipur

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Gold Rate In Jalgaon

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Gold Rate In Jammu

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Gold Rate In Jamnagar

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Gold Rate In Jamshedpur

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Gold Rate In Jodhpur

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Gold Rate In Kanpur

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Gold Rate In Kerala

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Gold Rate In Kochi

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Gold Rate In Kolhapur

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Gold Rate In Kolkata

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Gold Rate In Kota

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Gold Rate In Lucknow

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Gold Rate In Ludhiana

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Gold Rate In Madurai

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Gold Rate In Malappuram

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Gold Rate In Mangalore

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Gold Rate In Meerut

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Gold Rate In Mumbai

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Gold Rate In Mysore

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Gold Rate In Nagpur

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Gold Rate In Nanded

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Gold Rate In Nasik

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Gold Rate In Noida

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Gold Rate In Panaji

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Gold Rate In Patna

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Gold Rate In Pondicherry

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Gold Rate In Pune

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Gold Rate In Raipur

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Gold Rate In Rajkot

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Gold Rate In Ranchi

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Gold Rate In Ratlam

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Gold Rate In Sangli

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Gold Rate In Shimla

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Gold Rate In Siliguri

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Gold Rate In Solapur

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Gold Rate In Srinagar

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Gold Rate In Surat

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Gold Rate In Thane

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Gold Rate In Tiruchirapalli

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Gold Rate In Udaipur

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Gold Rate In Udupi

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Gold Rate In Vadodara

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Gold Rate In Varanasi

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Gold Rate In Vijayawada

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Gold Rate In Visakhapatnam

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Gold Rate In Warangal


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