Gold Rate Today

Gold Rate in India Price updated 17th November 2018 discern Gold Rate 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 Gold rate which are verified and updated up to this minute. Perceive all essential details and latest updates on Gold rate across India in a jiffy.
Last Modified :17-11-2018

Gold Rate 1Gram - 22 & 24 Carat Price India INR 17th November 2018

Location22k (Standard Gold)Change24k (Pure Gold)Change
Bangalore ₹ 2,916 NIL ₹ 3,067 NIL
Chennai ₹ 2,962 NIL ₹ 3,116 NIL
Delhi ₹ 3,038 NIL ₹ 3,188 NIL
Hyderabad ₹ 2,967 NIL ₹ 3,113 NIL
Kerala ₹ 2,896 NIL ₹ 3,041 NIL
Kolkata ₹ 3,073 NIL ₹ 3,224 NIL
Mumbai ₹ 3,060 NIL ₹ 3,211 NIL
Agra ₹ 3,034 NIL ₹ 3,189 NIL
Ahmedabad ₹ 3,035 NIL ₹ 3,189 NIL
Allahabad ₹ 3,033 NIL ₹ 3,187 NIL
Aurangabad ₹ 3,057 NIL ₹ 3,215 NIL
Bareilly ₹ 3,034 NIL ₹ 3,188 NIL
Belgaum ₹ 2,918 NIL ₹ 3,062 NIL
Bhubaneshwar ₹ 3,076 NIL ₹ 3,224 NIL
Chandigarh ₹ 3,035 NIL ₹ 3,185 NIL
Coimbatore ₹ 2,962 NIL ₹ 3,110 NIL
Cuttack ₹ 3,072 NIL ₹ 3,224 NIL
Dehradun ₹ 3,037 NIL ₹ 3,188 NIL
Faridabad ₹ 3,031 NIL ₹ 3,187 NIL
Ghaziabad ₹ 3,032 NIL ₹ 3,187 NIL
Gurgaon ₹ 3,032 NIL ₹ 3,186 NIL
Guwahati ₹ 3,072 NIL ₹ 3,227 NIL
Indore ₹ 3,063 NIL ₹ 3,212 NIL
Jabalpur ₹ 3,062 NIL ₹ 3,216 NIL
Jaipur ₹ 3,034 NIL ₹ 3,192 NIL
Jalgaon ₹ 3,060 NIL ₹ 3,212 NIL
Jammu ₹ 3,032 NIL ₹ 3,184 NIL
Jamnagar ₹ 3,039 NIL ₹ 3,188 NIL
Jamshedpur ₹ 3,074 NIL ₹ 3,229 NIL
Jodhpur ₹ 3,039 NIL ₹ 3,186 NIL
Kanpur ₹ 3,036 NIL ₹ 3,186 NIL
Kochi ₹ 2,892 NIL ₹ 3,042 NIL
Kolhapur ₹ 3,059 NIL ₹ 3,211 NIL
Kota ₹ 3,038 NIL ₹ 3,189 NIL
Lucknow ₹ 3,038 NIL ₹ 3,184 NIL
Ludhiana ₹ 3,036 NIL ₹ 3,188 NIL
Madurai ₹ 2,964 NIL ₹ 3,112 NIL
Malappuram ₹ 2,894 NIL ₹ 3,036 NIL
Mangalore ₹ 2,918 NIL ₹ 3,062 NIL
Meerut ₹ 3,034 NIL ₹ 3,188 NIL
Mysore ₹ 2,916 NIL ₹ 3,065 NIL
Nagpur ₹ 3,058 NIL ₹ 3,215 NIL
Nanded ₹ 3,060 NIL ₹ 3,214 NIL
Nasik ₹ 3,063 NIL ₹ 3,216 NIL
Noida ₹ 3,032 NIL ₹ 3,188 NIL
Panaji ₹ 2,917 NIL ₹ 3,065 NIL
Patna ₹ 3,072 NIL ₹ 3,229 NIL
Pondicherry ₹ 2,964 NIL ₹ 3,109 NIL
Pune ₹ 3,060 NIL ₹ 3,217 NIL
Raipur ₹ 3,062 NIL ₹ 3,215 NIL
Rajkot ₹ 3,037 NIL ₹ 3,189 NIL
Ranchi ₹ 3,074 NIL ₹ 3,227 NIL
Ratlam ₹ 3,058 NIL ₹ 3,210 NIL
Sangli ₹ 3,062 NIL ₹ 3,213 NIL
Shimla ₹ 3,038 NIL ₹ 3,189 NIL
Siliguri ₹ 3,072 NIL ₹ 3,227 NIL
Solapur ₹ 3,060 NIL ₹ 3,213 NIL
Srinagar ₹ 3,036 NIL ₹ 3,188 NIL
Surat ₹ 3,036 NIL ₹ 3,189 NIL
Thane ₹ 3,062 NIL ₹ 3,215 NIL
Tiruchirapalli ₹ 2,962 NIL ₹ 3,112 NIL
Udaipur ₹ 3,039 NIL ₹ 3,193 NIL
Udupi ₹ 2,920 NIL ₹ 3,065 NIL
Vadodara ₹ 3,037 NIL ₹ 3,190 NIL
Varanasi ₹ 3,032 NIL ₹ 3,188 NIL
Vijayawada ₹ 2,963 NIL ₹ 3,113 NIL
Visakhapatnam ₹ 2,966 NIL ₹ 3,109 NIL
Warangal ₹ 2,963 NIL ₹ 3,110 NIL
Aligarh ₹ 3,032 NIL ₹ 3,189 NIL
Ambala ₹ 3,035 NIL ₹ 3,186 NIL
Amravati ₹ 3,059 NIL ₹ 3,216 NIL
Bellary ₹ 2,921 NIL ₹ 3,064 NIL
Bhilai ₹ 3,061 NIL ₹ 3,210 NIL
Bhopal ₹ 3,060 NIL ₹ 3,211 NIL
Dindigul ₹ 2,962 NIL ₹ 3,111 NIL
Erode ₹ 2,965 NIL ₹ 3,111 NIL
Gulbarga ₹ 2,919 NIL ₹ 3,067 NIL
Guntur ₹ 2,966 NIL ₹ 3,110 NIL
Haldwani ₹ 3,035 NIL ₹ 3,184 NIL
Hisar ₹ 3,035 NIL ₹ 3,189 NIL
Hosur ₹ 2,964 NIL ₹ 3,114 NIL
Kakinada ₹ 2,964 NIL ₹ 3,111 NIL
Kannur ₹ 2,893 NIL ₹ 3,040 NIL
Karnal ₹ 3,031 NIL ₹ 3,185 NIL
Karur ₹ 2,965 NIL ₹ 3,114 NIL
Kozhikode ₹ 2,891 NIL ₹ 3,039 NIL
Kurnool ₹ 2,962 NIL ₹ 3,114 NIL
Nagercoil ₹ 2,964 NIL ₹ 3,112 NIL
Nellore ₹ 2,966 NIL ₹ 3,112 NIL
Proddatur ₹ 2,965 NIL ₹ 3,115 NIL
Rajahmundry ₹ 2,967 NIL ₹ 3,110 NIL
Salem ₹ 2,961 NIL ₹ 3,111 NIL
Shimoga ₹ 2,918 NIL ₹ 3,066 NIL
Thanjavur ₹ 2,961 NIL ₹ 3,109 NIL
Thiruvananthapuram ₹ 2,896 NIL ₹ 3,041 NIL
Thrissur ₹ 2,898 NIL ₹ 3,042 NIL
Tirunelveli ₹ 2,962 NIL ₹ 3,113 NIL
Tuticorin ₹ 2,967 NIL ₹ 3,112 NIL
Vellore ₹ 2,962 NIL ₹ 3,112 NIL

Latest Gold News and Gold Updates for the Week

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. 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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