Gold Price Today in India Wednesday, January 15, 2025 A Comprehensive Guide

Are you thinking of buying gold in India today? Well, you have landed at the right place! Here’s a comprehensive break-up of the latest gold prices in different purities and valuable insights that will help you make the right decisions.

Take Away

The gold prices in India have increased slightly from yesterday. The price difference is due to the purity or carat of gold. 24-carat gold (purest form) is available for around ₹78,269 for 10 grams. 22-carat gold, most commonly used in jewelry, goes for around ₹71,694 for 10 grams. Let’s look at the city-wise price variations and what influences gold rates.

Know Your Gold Purity and Prices

Gold is available in several purities in carats or K. Let’s take a quick look. 24K or 99.9%: It is the purest form. However, because of its softness, this is rarely used in jewelry. 22K (91.6%): Used in Jewelry, which are good balance purity and durability 18K (75%): It has strength so its used in ornaments with intricate design 14K (58.5%): Less expensive that contains less Gold You already know that the higher your carat rating, the dearer your gold. The current price here in India as of date per 10 gram is as below 24K: Rs 78,269 Approx.22K: Rs 71,694 Approx. 18K: Rs 58,702 Approx.

City-wise variation in prices of gold

Gold rate may fluctuate somewhat in different major Indian cities. Here’s a sample for your reference prices are indicative City | 18K | 22K | 24K Ahmedabad | ₹58,950 | ₹72,050 | ₹78,600 Bangalore | ₹58,920 | ₹72,013 | ₹78,560Chennai | ₹59,048 | ₹72,169 | ₹78,730 Kolkata | ₹58,800 | ₹71,867 | ₹78,400 Mumbai | ₹58,875 | ₹71,958 | ₹78,500 Remember: These are just a few examples, and actual prices may vary depending on the jeweler and other factors. It is always wise to compare prices from a few shops before making a purchase.

Factors Affecting Gold Prices

Several factors affect gold prices in India and globally. Here are some key ones: Global Market Fluctuations: International gold prices significantly impact domestic rates. Exchange Rate Fluctuations: The rupee value against other currencies, especially the US dollar, impacts gold. Supply and Demand: The fluctuation in supply and demand for gold may influence prices. Government Policies: The policies and taxes imposed by the government also affect the prices of gold. Festival Seasons: The festival seasons in India usually experience a hike in the demand for gold, thereby increasing prices.

Tips for Buying Gold in India

Do your research: Keep track of the current gold prices and know the determinants that have an influence. Compare prices: Compare the price quotes from at least two more reliable jewelers before finalizing a purchase. Consider purity: Decide on the karat which best suits you and your pocket. Hallmark your gold: Make sure you are purchasing hallmarked gold, which ensures purity under the BIS hallmark. Ask about charge making: Do inquire about charges made for gold jewelry making extra.

Conclusion

This will save you from unwise decisions taken at the time of purchasing gold jewelry in India as today’s India gold prices have changed, purity range, and those factors that could influence the purest gold and also the demand for it. It is quite a general report and always stays updated with changing market trends for shopping.

Unveiling Harmony Bedroom Vastu for a Serene and Prosperous Life

The Rise of Fake Rs 100 Notes How to Spot the Real Deal

Your Retirement Lifeline Understanding the EPS Pension Scheme