Gold Rate Today in India
| Name | 1 Gram | 10 Gram | 100 Gram | 1 Kilogram | 1 Ounce | 1 Tola |
|---|---|---|---|---|---|---|
| Gold 24 Karat (Rs ₹) | 7,674 | 76,740 | 767,400 | 7,674,000 | 217,554 | 89,508 |
| Gold 22 Karat (Rs ₹) | 7,035 | 70,345 | 703,450 | 7,034,500 | 199,425 | 82,049 |
| Gold 20 Karat (Rs ₹) | 6,395 | 63,950 | 639,500 | 6,395,000 | 181,295 | 74,590 |
| Gold 18 Karat (Rs ₹) | 5,756 | 57,555 | 575,550 | 5,755,500 | 163,166 | 67,131 |
| Gold 16 Karat (Rs ₹) | 5,116 | 51,160 | 511,600 | 5,116,000 | 145,036 | 59,672 |
| Gold 14 Karat (Rs ₹) | 4,477 | 44,765 | 447,650 | 4,476,500 | 126,907 | 52,213 |
| Gold 12 Karat (Rs ₹) | 3,837 | 38,370 | 383,700 | 3,837,000 | 108,777 | 44,754 |
| Gold 10 Karat (Rs ₹) | 3,198 | 31,975 | 319,750 | 3,197,500 | 90,648 | 37,295 |
Silver Rate Today in India
| Name | 1 Gram | 10 Gram | 100 Gram | 1 Kilogram | 1 Ounce | 1 Tola |
|---|---|---|---|---|---|---|
| Silver 999 Fine (Rs ₹) | 91 | 913 | 9,131 | 91,310 | 2,589 | 1,065 |
| Silver 925 Sterling (Rs ₹) | 84 | 845 | 8,446 | 84,462 | 2,394 | 985 |
| Silver 900 Coin (Rs ₹) | 82 | 822 | 8,218 | 82,179 | 2,330 | 959 |
| Silver 800 German (Rs ₹) | 73 | 730 | 7,305 | 73,048 | 2,071 | 852 |
Gold & Silver Price Change in India
| Name | 1 Day Ago 2024-11-20 | 1 Week Ago 2024-11-14 | 1 Month Ago 2024-10-22 | 1 Year Ago 2023-11-22 | ||||
|---|---|---|---|---|---|---|---|---|
| Price | Change | Price | Change | Price | Change | Price | Change | |
| Gold 24 Karat (Rs ₹/10gm) | 76,330.00 | +0.54% | 74,370.00 | +3.19% | 78,860.00 | -2.69% | 61,310.00 | +25.17% |
| Silver 999 (Rs ₹/1kg) | 90,370.00 | +1.04% | 89,260.00 | +2.30% | 100,180.00 | -8.85% | 73,120.00 | +24.88% |
Live Exchange Rates
| Name | Price | Change | Change% | High | Low | Previous | Last Update (India Time) |
|---|---|---|---|---|---|---|---|
| Gold - India MCX (Rs ₹/10gm) | 76,389.00 | 355.00 | 0.47% | 76,400.00 | 76,119.00 | 76,034.00 | 21 Nov, 12:45 |
| Silver - India MCX (Rs ₹/1kg) | 90,899.00 | 810.00 | 0.90% | 90,910.00 | 90,235.00 | 90,089.00 | 21 Nov, 12:45 |
| Gold - US Comex (USD $/Ounce) | 2,662.80 | 11.10 | 0.42% | 2,664.60 | 2,651.60 | 2,653.50 | 21 Nov, 12:45 |
| Silver - US Comex (USD $/Ounce) | 31.31 | 0.30 | 0.97% | 31.34 | 30.92 | 30.96 | 21 Nov, 12:45 |
Gold 22 Karat is 91.67% pure. It is also called "Gold 916"
Gold 20 Karat is 83.33% pure. It is also called "Gold 833"
Gold 18 Karat is 75.00% pure. It is also called "Gold 750"
Gold 16 Karat is 66.67% pure. It is also called "Gold 667"
Gold 14 Karat is 58.33% pure. It is also called "Gold 583"
Gold 12 Karat is 50.00% pure. It is also called "Gold 500"
Gold 10 Karat is 41.67% pure. It is also called "Gold 417"
Silver 999 is 99.99% pure. It is also called "Silver Fine"
Silver 925 is 92.50% pure. It is also called "Silver Sterling"
Silver 900 is 90.00% pure. It is also called "Silver Coin"
Silver 800 is 80.00% pure. It is also called "Silver German"
* Gold & Silver Bullion Rates are fixed by respective Bullion Association in their State / City.
* The difference in MCX Rates and Bullion Association Rates are due to Various State/Local Taxes and Logistics Costs etc.
* The Bullion Associations publish their rates once or more during the day depending upon international rates.
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 rates prevailing 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. This is because it is believed that this commodity always appreciates.
India’s primary demand for gold is for use as jewelry. Investments are the next greatest demand driver. Unlike China, the next highest consumer of gold in the world, whose primary demand for gold is for industrial purposes, India’s industrial usage of gold is minimal.
Domestic production of gold in India is limited and, given its strong demand, India relies heavily on gold imports every year. Currently, the Kolar mines in Karnataka are the only operational mines in India, grossly unable to meet domestic demand.
Gold imports in India constitute the next largest chunk of total imports after crude oil. Of late, the government has increased its focus on curbing the negative impact of heavy gold imports viz. a widening trade deficit and rupee devaluation.
Indians primarily invest in gold as a means to counter inflation. While the price of gold may fluctuate over time, the value of this metal remains relatively stable, especially in the long-run. Returns on gold are generally higher in the long-run as compared to other asset classes. Real estate and equity markets have proven to be the exceptions but for most Indian investors, gold still forms a huge part of their investment portfolios.
Traditionally, investment in gold has been in the form of jewelry, gold bars or gold coins. As financial markets developed over the years, new investment avenues have opened up. Gold is now increasingly being invested in through Gold ETFs (Exchange Traded Funds) or through mutual funds which invest in gold or through stocks of companies that are in the business of gold/gold-related activities. Gold is also traded as a commodity on commodity exchanges.
Investments in gold commodities, ETFs, funds and stocks can be done online adding another dimension to gold investments in India.