Today’s Gold Price In India
Gold Price Today in India is ₹79,650/10 grams. Yesterday’s Gold Price on 21-10-2024 was ₹79,640/10 grams and last week’s gold price on 19-10-2024 was ₹79,420/10 grams.
Gold Rates In Grams – Gold Price In India
Gold Price In India as of 22/10/2024.
1 gram: ₹7,965
8 grams: ₹63,720
10 grams: ₹79,650
100 grams: ₹7,96,500
24k Gold Rate In India
Gold Price of 24k Gold Rate In India as of 22/10/2024.
| 24K Gold Rate | Current day | Previous day |
| 1 Gram | ₹7,965 | ₹7,964 |
| 8 Grams | ₹63,720 | ₹63,712 |
| 10 Grams | ₹79,650 | ₹79,640 |
| 100 Grams | ₹7,96,500 | ₹7,96,400 |
22k Gold Rate In India
Gold Price of 22k Gold Rate In India as of 22/10/2024.
| 22K Gold Rate | Current day | Previous day |
| 1 Gram | ₹7,301 | ₹7,300 |
| 8 Grams | ₹58,408 | ₹58,400 |
| 10 Grams | ₹73,010 | ₹73,000 |
| 100 Grams | ₹7,30,100 | ₹7,30,000 |
18k Gold Rate In India
Gold Price of 18k Gold Rate In India as of 22/10/2024.
| 18K Gold Rate | Current day | Previous day |
| 1 gram | ₹5,974 | ₹5,973 |
| 8 gram | ₹47,792 | ₹47,784 |
| 10 gram | ₹59,740 | ₹59,730 |
| 100 grams | ₹5,97,400 | ₹5,97,300 |
Gold Rate In India For Last 10 Days (10 Grams)
The following table shows the Gold price data for the Last 10 days, from 13-10-2024 to 22-10-2024.
| Date | 24K Gold Rate | 22K Gold Rate |
| Oct 22, 2024 | ₹79,650 | ₹73,010 |
| Oct 21, 2024 | ₹79,640 | ₹73,000 |
| Oct 20, 2024 | ₹79,420 | ₹72,800 |
| Oct 19, 2024 | ₹79,420 | ₹72,800 |
| Oct 18, 2024 | ₹78,980 | ₹72,400 |
| Oct 17, 2024 | ₹78,110 | ₹71,600 |
| Oct 16, 2024 | ₹77,890 | ₹71,400 |
| Oct 15, 2024 | ₹77,400 | ₹70,950 |
| Oct 14, 2024 | ₹77,620 | ₹71,150 |
| Oct 13, 2024 | ₹77,670 | ₹71,200 |
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: ₹7,965 per gram
22K Gold Rate: ₹7,301 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?
Based on the Union Budget 2024 for India, here are the updated tax implications for purchasing gold:
- Goods and Services Tax (GST): A 3% GST is applied to the purchase of physical gold, including jewelry and bullion. This tax is added to the final price of gold at the time of purchase.
- Making Charges: When buying gold jewelry, making charges are subject to a 5% GST.
- Capital Gains Tax:
- Short-Term Capital Gains (STCG): If you sell gold within 24 months of purchase, the gains are taxed according to your income tax slab rates.
- Long-Term Capital Gains (LTCG): For gold held for more than 24 months, the gains are now taxed at 12.5%. The previous benefit of indexation, which adjusted the purchase price for inflation, has been removed.
- Tax Collected at Source (TCS): A 1% TCS is applicable on gold purchases over ₹2 lakh. This amount 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 of 15%, which affects the final retail price of gold in India.
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.
