Gold Rate Today: The prices of gold and silver fluctuate daily. Dailynews24 aims to provide you with complete information about gold and silver. Today, we have gathered comprehensive details related to these precious metals.
The price of gold in Delhi has been gradually increasing since the beginning of the year. This rise can be attributed to the fall in equity markets at the start of the year, which prompted investors to seek safe-haven assets like gold. While gold prices have remained relatively stable in recent years, the beginning of this year saw increased interest in gold as an investment due to the decline in equity prices. For those interested in purchasing gold, we have provided today’s gold rate in Delhi.
Gold Rate in India Today (22 karat) – in INR:
- Village 22K today: 1 gram ₹5,550, 8 grams ₹44,400, 10 grams ₹55,500, 100 grams ₹5,55,000
Gold Rate in India Today (24 karat) – in INR:
- Village 24K Today: 1 gram ₹6,053, 8 grams ₹48,424, 10 grams ₹60,530, 100 grams ₹6,05,300
Purity of Gold:
- 24 carat – 99.9%
- 23 carat – 95.6%
- 22 carat – 91.6%
- 21 carat – 87.5%
- 18 carat – 75.0%
- 17 carat – 70.8%
- 14 carat – 58.5%
- 10 carat – 41.7%
- 9 carat – 37.5%
- 8 carat – 33.3%
Note: Lower carat gold is stronger. Always check gold prices by country before making a purchase.
Gold and Silver Rates on IBJA:
According to the Indian Bullion Jewelers Association (IBJA) website, today’s gold rate increased by Rs 23 per ten grams, trading at Rs 59,352 per ten grams. On the last trading day, gold became costlier by Rs 543 and closed at Rs 59,329 per 10 grams. Similarly, silver’s price has risen, currently trading at Rs 73,592 per kg after jumping Rs 1361 per kg. On the last trading day, silver closed at Rs 73,592 per kg after an increase of Rs 2815.
Gold and Silver Rates on MCX:
On the Multi Commodity Exchange (MCX), gold is currently costlier by Rs 14 per 10 grams at Rs 59,253, while silver is trading at Rs 75,408 at the rate of Rs 82 per kg.
Gold Price Comparison:
Gold is currently cheaper than its all-time high by about Rs 2294 per 10 grams, with the all-time high being Rs 61,646 per ten grams on May 4, 2023. Similarly, silver is cheaper by Rs 5027 per kg compared to its all-time high of Rs 79,980 per kg.
Gold and Silver in the International Market:
Unlike the Indian bullion market, both gold and silver are experiencing a decline in the international market. In the US market, gold is trading down by $1.84 at $1,958.13 an ounce, and silver is trading down $0.09 at $24.78 an ounce.
Tola Gold and Its Equivalent in Grams:
While gold used to be weighed in tolas in India, nowadays grams are more widely accepted for buying and selling precious metals. One tola of gold is equivalent to 11.6 grams. So, if you want to calculate the cost of 1 tola of gold, you can multiply the per gram cost (e.g., Rs 26,000) by 11.6.
Hallmarked Gold Price Vs. Normal Gold Price:
There is no difference in the gold prices between hallmarked and normal gold. Hallmarking assures the purity of the precious metal. However, it requires taking the gold to essay centers, which might be limited in some areas.
Import of 22 Carat Gold in India:
India imports nearly all of its gold requirements since gold mines like Kolar in Karnataka have closed. Importers include top government-owned banks, private sector banks, and private companies. These importers influence wholesale gold rates in India.
Purity of Gold:
Gold available in the market is often alloyed with metals like copper, nickel, silver, palladium, and zinc. The purity of gold is defined by the karat, which indicates how much gold is mixed with other metals. For example, 24 carat gold is 99.9% pure, while 18 carat gold is 75.0% pure.
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