As of December 13, 2024, gold prices in India remained high, with 24-carat gold, known for its superior purity, priced at Rs 79,460 per 10 grams. This continued to make it a favored choice among investors. Meanwhile, 22-carat gold, valued for its durability and commonly used in jewelry, was priced at Rs 72,840 per 10 grams, maintaining its popularity among buyers looking for jewelry.
Gold prices varied across several major cities in India. In Delhi, the rate for 22-carat gold stood at Rs 72,990 per 10 grams, while 24-carat gold was priced at Rs 79,610. In Mumbai, 22-carat gold was priced at Rs 72,840, and 24-carat gold at Rs 79,460. Similarly, in cities such as Ahmedabad, Chennai, Kolkata, Pune, and Bengaluru, 22-carat gold was available at Rs 72,840, with 24-carat gold priced at Rs 79,460.
In Lucknow and Jaipur, the prices for 22-carat gold reached Rs 72,990 per 10 grams, while the cost of 24-carat gold was Rs 79,620 and Rs 79,610, respectively. Other cities like Patna, Bhubaneswar, and Hyderabad also saw similar prices for 22-carat and 24-carat gold.
Factors Affecting Gold Prices in India
The retail price of gold in India is determined by several factors, including international market fluctuations, import duties, taxes, and currency exchange rates. These elements cause daily shifts in gold prices, influencing both investors and consumers.
Gold holds significant cultural and financial value in India, where it is not only a preferred investment but also plays a central role in celebrations, especially during weddings and festivals. With market dynamics constantly changing, both investors and traders carefully monitor these shifts to make well-informed decisions.
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