As of December 10, 2024, gold prices in India remain high, with 24-carat gold priced at Rs 78,600 per 10 grams, appealing to investors seeking the highest purity. Meanwhile, 22-carat gold, valued for its durability and commonly used in jewelry, is priced at Rs 72,050 per 10 grams.
Across major Indian cities, gold prices vary slightly. In Delhi, 22-carat gold is priced at Rs 72,200 per 10 grams, while 24-carat gold costs Rs 78,750. In Mumbai, the rates are Rs 72,050 for 22-carat gold and Rs 78,600 for 24-carat. Other cities, such as Ahmedabad and Chennai, report similar prices for both 22-carat and 24-carat gold, hovering around Rs 72,100 and Rs 78,600, respectively. In Lucknow and Jaipur, the prices are slightly lower, with 22-carat gold priced around Rs 71,460 and 24-carat gold at Rs 77,940.
Factors Influencing Gold Prices in India
Gold prices in India are affected by global market trends, including supply and demand dynamics, international rates, and geopolitical events. Domestically, factors such as import duties, taxes, and fluctuations in currency exchange rates also influence the retail price of gold.
Gold’s Cultural and Economic Importance
In India, gold is more than just a commodity—it’s a symbol of wealth and an essential part of cultural celebrations, especially weddings and festivals. Given its significance, both investors and traders keep a close eye on gold price movements to adapt to market changes effectively.
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