Gold Rate

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Gold Rate

Gold is not only useful in periods of higher uncertainty. It’s price has increased by 10% per year on average since 1971, which is when gold began to trade freely following the collapse of Bretton Woods. Whether you’re considering your very first gold investment or are a long-standing investor, we’re committed to providing information and advice to our customers to ensure they’re making the right purchase to suit their budgets and portfolios.

Why Invest in Gold?

Gold is a highly liquid yet scarce asset, and it is no one’s liability. According to the World Gold Council, investment demand for gold has grown 18% per annum, on average globally. This rapid growth has been driven by the expansion of the middle class in Asia, exchange traded funds (ETFs) and more focus on risk management following the 2008-2009 financial crisis in the US and Europe.

As mentioned above, owning gold bullion could prove extremely lucrative in periods of economic uncertainty. In recent years traditional banking formats have been shunned by investors due to scepticism of the system and the way their money is handled. People are increasingly concerned about holding large deposits with their banks and so turn to a liquid asset with no credit risk that has outperformed fiat currencies.

Effective risk management to achieve a balanced portfolio requires diversification. Investors are attracted to gold due to its low correlation to other mainstream assets and as a hedge against systemic risk and stock market corrections.

In physical form it is also the most liquid asset devoid of financial-market counterparty risk. No other non-financial asset, including real estate, fine art, or commodities, measures up as a potentially effective or accessible hedge against a market meltdown.

Rapidly expanding sovereign debt in the US and the rest of the world is a time bomb. Rising interest rates and market stability have rarely, if ever, coexisted, even if those increases are generally anticipated. Exposure to gold represents a compelling investment proposition, if only as a hedge against increasing macro and market risks.

Gold Rate in India

India is the largest consumer of gold in the world, accounting for almost a quarter of the world’s total consumption. It has, since long, maintained this position and, unlike countries like China, India uses gold primarily in the form of jewelry and investments. It is viewed as a solid instrument for investments and even traders who are into commodities trading, invest in gold bullion. These investments are usually dictated by the gold ratesprevailing in the economy at that time.

Even the global view of gold is that of a safe haven where you can invest even when investments in the economy of a country are not a good idea.

Gold rate in India change on a daily basis, with a number of factors impacting their price in a particular place on a given day. Demand and supply, global market conditions and currency fluctuations are some of the most critical factors which go into determining the rate of gold in a country, with prices changing every day.

Gold Price In Indian Cities

City Standard Gold (22 K) Pure Gold (24 K)
1 gram 8 grams 1 gram 8 grams
AGRA ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
AHMEDABAD ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
ALIGARH ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
ALLAHABAD ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
AMBALA ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
AMRAVATI ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
AURANGABAD ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
BANGALORE ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
BAREILLY ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
BELGAUM ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
BELLARY ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
BHILAI ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
BHOPAL ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
BHUBANESHWAR ₹ 3,171 ₹ 25,368 ₹ 3,330 ₹ 26,640
CHANDIGARH ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
CHENNAI ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
COIMBATORE ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
CUTTACK ₹ 3,171 ₹ 25,368 ₹ 3,330 ₹ 26,640
DEHRADUN ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
DELHI ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
DINDIGUL ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
ERODE ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
FARIDABAD ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
GHAZIABAD ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
GULBARGA ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
GUNTUR ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
GURGAON ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
GUWAHATI ₹ 3,171 ₹ 25,368 ₹ 3,330 ₹ 26,640
HALDWANI ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
HISAR ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
HOSUR ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
HYDERABAD ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
INDORE ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
JABALPUR ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
JAIPUR ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
JALGAON ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
JAMMU ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
JAMNAGAR ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
JAMSHEDPUR ₹ 3,171 ₹ 25,368 ₹ 3,330 ₹ 26,640
JODHPUR ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
KAKINADA ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
KANNUR ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
KANPUR ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
KARNAL ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
KARUR ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
KOCHI ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
KOLHAPUR ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
KOLKATA ₹ 3,171 ₹ 25,368 ₹ 3,330 ₹ 26,640
KOTA ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
KOZHIKODE ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
KURNOOL ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
LUCKNOW ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
LUDHIANA ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
MADURAI ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
MALAPPURAM ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
MANGALORE ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
MEERUT ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
MUMBAI ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
MYSORE ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
NAGERCOIL ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
NAGPUR ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
NANDED ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
NASIK ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
NELLORE ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
NOIDA ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
PANAJI ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
PATNA ₹ 3,171 ₹ 25,368 ₹ 3,330 ₹ 26,640
PONDICHERRY ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
PRODDATUR ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
PUNE ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
RAIPUR ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
RAJAHMUNDRY ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
RAJKOT ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
RANCHI ₹ 3,171 ₹ 25,368 ₹ 3,330 ₹ 26,640
RATLAM ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
SALEM ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
SANGLI ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
SHIMLA ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
SHIMOGA ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
SILIGURI ₹ 3,171 ₹ 25,368 ₹ 3,330 ₹ 26,640
SOLAPUR ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
SRINAGAR ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
SURAT ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
THANE ₹ 3,160 ₹ 25,280 ₹ 3,318 ₹ 26,544
THANJAVUR ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
THIRUVANANTHAPURAM ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
THRISSUR ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
TIRUCHIRAPALLI ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
TIRUNELVELI ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
TUTICORIN ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
UDAIPUR ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
UDUPI ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
VADODARA ₹ 3,165 ₹ 25,320 ₹ 3,323 ₹ 26,584
VARANASI ₹ 3,140 ₹ 25,120 ₹ 3,297 ₹ 26,376
VELLORE ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
VIJAYAWADA ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
VISAKHAPATNAM ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
WARANGAL ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840