New Delhi: As India is ushering in festive season price of Gold and Silver rose in Indian markets today, following positive global cues.
If you are planning to invest in gold or to buy gold jewellery for personal use, here are all key information which you need before going for your purchase. Here is the latest prices for 24 carat gold and 22 carat gold in India. Gold rate today is ₹ 51,290 per 10 grams for 24 Carat and ₹ 46,980 for 22 Carat. The prices have been updated today and are on a par with industry standards.
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In international markets, gold today continued its rebound, supported by a drop in US Treasury yields retreated but gains remained capped. Spot gold was up 0.2% at $1,719.19 per ounce.
However, Gold prices may vary from city to city based on different factors including demand, interests levied, octroi charges, state taxes, gold traders, bullion associations, transportation costs, making charges and etc.
24 Carat Gold
Gold is deemed to be in its purest form at 24 carats. Pure gold or 24 carat gold signifies 99.9 percent purity and it doesn’t contain any other metals. The 24 carat gold is used to make gold coins, bars, etc. Various other purities for gold also exist and are measured in relativity to 24 carats.
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22 Carat Gold
The 22 carat purity gold is ideal for jewellery making. It is 22 parts gold and two parts silver, nickel or any other metal. The mixing of other metals makes gold more stiff and appropriate for jewellery. The 22 carat gold often reflects 91.67 of gold purity.
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