Gold Rate Today In India 2024 – Today’s Gold Price In India

Gold prices in India today are ₹75,048/10 grams for 24k and ₹68,745/10 grams for 22k. Prices have slightly decreased from yesterday and last week. Rates vary across 24k, 22k, and 18k gold, reflecting daily fluctuations and market trends.
Gold Rate Today In India 2024 - Today's Gold Price In India

Today’s Gold Price In India

Gold Price Today in India is ₹75,048/10 grams. Yesterday’s Gold Price on 22-07-2024 was ₹75,217/10 grams and last week’s gold price on 08-07-2024 was ₹74,819/10 grams. 

Gold Rates In Grams – Gold Price In India

Gold Price In India as of 23/07/2024. 

1 Gram: ₹7,504

8 Grams: ₹60,038

10 Grams: ₹75,048

12 Grams: ₹90,057

24k Gold Rate In India 

Gold Price of 24k Gold Rate In India as of 23/07/2024:

24K Gold RateCurrent day Previous day
1 Gram₹7,504₹7,521
8 Grams₹60,038₹60,173
10 Grams₹75,048₹75,217
12 Grams₹90,057₹90,260

22k Gold Rate In India 

Gold Price of 22k Gold Rate In India as of 23/07/2024:

22K Gold RateCurrent day Previous day
1 Gram₹6,874₹6,889
8 Grams₹54,996₹55,119
10 Grams₹68,745₹68,899
12 Grams₹82,494₹82,678

18k Gold Rate In India 

Gold Price of 18k Gold Rate In India as of 23/07/2024:

18K Gold RateCurrent day Previous day
1 gram₹ 5,519₹ 5,539
8 gram₹ 44,152₹ 44,312
10 gram₹ 55,190₹ 55,390
100 gram₹ 5,51,900₹ 5,53,900

Gold Rate In India For Last 10 Days (1Gram)

The following table shows the Gold price data for the Last 10 days, from 14-07-2024 to 23-07-2024.

Date24K Gold Rate22K Gold Rate
23 Jul 2024₹7,504₹6,874
22 Jul 2024₹7,521₹6,889
21 Jul 2024₹7,448₹6,822
20 Jul 2024₹7,514₹6,883
19 Jul 2024₹7,553₹6,918
18 Jul 2024₹7,451₹6,825
17 Jul 2024₹7,480₹6,852
16 Jul 2024₹7,526₹6,894
15 Jul 2024₹7,397₹6,775
14 Jul 2024₹7,477₹6,849

Is Gold Investment A Safe Option In India?

Gold investment is considered a safe option in India due to its historical stability and ability to hedge against inflation. It remains a favored asset during economic uncertainty and is culturally significant during festivals and weddings, contributing to its enduring value and appeal as a secure investment choice.

Gold Investment In India – Quick Summary

Gold investment in India is popular for its safe haven status and potential for long-term wealth preservation. Investors favor physical gold, gold ETFs, and sovereign gold bonds, capitalizing on the metal’s historic price appreciation and cultural importance during festive and wedding seasons.

Today’s Gold Price In India – FAQs

What is the Gold Rate Today In India?

The gold rates in India today are as follows:

24K Gold Rate: ₹7,504 per gram     

22K Gold Rate: ₹6,874 per gram

What are the Benefits Of Investing In Gold In India?

The benefits of investing in gold in India include financial security during economic downturns, hedging against inflation, high liquidity, and the potential for long-term growth. Gold investments also diversify investment portfolios, reducing overall risk.

What Is Hallmarking?

Hallmarking is the official recording of the metal content in jewelry to certify its purity. This process is performed by licensed centers, ensuring that the gold, silver, or other precious metals meet established standards of purity and quality.

How Is 22-Karat Gold Price In India Determined?

The price of 22-karat gold in India is determined by international gold market prices, the rupee-dollar exchange rate, import duties, and local taxes. Additionally, supply-demand dynamics and local market conditions also significantly influence the final retail prices of 22-karat gold.

What Are The Tax Implications Of Purchasing Gold In India?

  1. Goods and Services Tax (GST): A 3% GST is levied on the purchase of physical gold, including jewelry and bullion. This tax is added to the final price of gold at the time of purchase.
  1. Making Charges: If you are buying gold jewelry, the making charges (the cost of crafting the jewelry) are also taxed at 5% under GST.
  1. Capital Gains Tax: If you sell gold at a profit, the gains are subject to capital gains tax. The rate depends on the holding period:
  • Short-Term Capital Gains (STCG): If you hold the gold for less than three years before selling, the gains are taxed as per your income tax slab rates.
  • Long-Term Capital Gains (LTCG): For gold held for more than three years, the gains are taxed at 20% with indexation benefits, which adjust the purchase price for inflation.
  • Tax Collected at Source (TCS): As of recent regulations, there is a 1% TCS applicable on the sale of goods over ₹2 lakh, which includes gold purchases. However, this is refundable when you file your income tax returns if your total income is below the taxable limit or already accounted for in your tax payments.
  • Import Duty: Gold imports are subject to an import duty, which is currently 7.5%. This duty significantly affects the landed cost of gold in India and, consequently, the final retail price.

What Is 18-Karat Gold?

18-karat gold consists of 75% pure gold mixed with 25% other metals like copper or silver. This alloy increases durability, making it ideal for everyday jewelry that withstands regular wear.

What Is 22-Karat Gold?

Comprising 91.6% pure gold and 8.4% other metals, 22-karat gold strikes a balance between purity and durability. It’s commonly used in fine jewelry and traditional adornments in many cultures.

What Is 24-Karat Gold?

24-karat gold is 100% pure gold, making it the highest purity available. It’s exceptionally soft and malleable, suited for investment pieces rather than practical wear.

Why Do Gold Prices Vary In Different Cities Across India?

Gold prices vary in different cities across India due to local taxes, transportation costs, and demand-supply dynamics. Each state may impose varying levels of taxes and duties, while logistical expenses also affect pricing. Additionally, cultural factors influencing demand can lead to price discrepancies between regions.

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