Gold Rate Today: Check 14K, 18K, and 24K Gold Prices in India (Updated Rates)
Gold is still one of the most important investment options for people in India, and for cultural significance, it is given even higher standing — for example, weddings, festivals and long-term saving purposes. The gold price fluctuates from day to day and is driven by global market trends, currency exchange rates, and the government of India’s application of import duty rates. Knowing up-to-date prices allows buyers to make informed decisions. Here is a snapshot of the latest gold price data in India at present. Find updated rates and what’s driving market sentiment as part of the Current News in India.
Gold Price in India Today (Per Gram)
- 24K Gold (999 Purity) – ₹12,245 per gram
- 22K Gold (916 Purity) – ₹11,224 per gram
- 18K Gold (750 Purity) – ₹9,183 per gram
- 14K Gold (585 Purity) – ₹7,176 per gram
The Reason for the Disparity in Gold Prices
The purity of the gold is the primary factor when determining the gold price. The most valuable is 24 karat gold as it is the highest purity level and is most commonly used as an investment vehicle (i.e. coins or bars). The second-best purity is 22 karat gold, which is most commonly used for jewellery as it is slightly alloyed for durability. The third level is 18 karat and 14 karat gold; pieces created with this level of purity are often selected for designer jewellery pieces as they are typically stronger and more affordable.
In addition to the purity factor, global gold demand, inflation and exchange rates are also factors that can impact daily prices. If the US dollar rate continually increases or the global economy is trending in a negative direction, gold prices tend to rise as investors are more likely to invest in precious metals such as gold.
Tips Before Buying Gold
Check live prices before making a decision; we recommend checking GoodReturns or trading on a jeweller’s actual website to give you the most up-to-date information.
Verify the hallmarking; you should always check for BIS (Bureau of Indian Standards) certification for the gold you are purchasing.
Know your making charges; this can vary from as low as 5% to as high as 15% depending on where you are purchasing the gold and the design of the jewellery.
It is helpful to compare jewellers, it may help to ensure you get the most for your money, especially if every jeweller is having a deal during the holiday season.
In Conclusion
Gold has and will always be a form of investment for Indian households, and a symbol for security. Whether you are getting 14k gold jewellery for regular use or 24k gold to make an investment, paying attention to the current rate will always give you transparency.
