As of December 18, 2024, gold prices in India remained elevated, with 24-carat gold, renowned for its purity, priced at Rs 77,840 per 10 grams. This high price continues to attract investors. On the other hand, 22-carat gold, favored for its durability and popularity in jewelry, was valued at Rs 71,350 per 10 grams, maintaining its appeal among jewelry buyers.
Gold prices varied slightly across major cities. In Delhi, 22-carat gold was priced at Rs 71,500, while 24-carat gold was at Rs 77,990 per 10 grams. In Mumbai, the rates were slightly lower, with 22-carat gold at Rs 71,350 and 24-carat gold at Rs 77,840. Other cities, such as Ahmedabad, Patna, and Lucknow, also reported similar pricing trends for 22-carat and 24-carat gold, generally ranging from Rs 71,350 to Rs 71,500 for 22-carat gold, and Rs 77,840 to Rs 77,990 for 24-carat gold.
The retail gold price per gram, which fluctuates daily, is influenced by a combination of factors including global economic shifts, geopolitical events, and supply-demand dynamics. Additionally, local variables such as import duties, taxes, and currency exchange rates play a significant role in shaping the final prices.
Gold’s cultural and financial importance in India is profound, as it remains a popular investment and holds a central place in major life events, especially weddings and festivals. As market conditions evolve, staying informed on gold price trends is vital for both investors and consumers.
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