Gold has been a symbol of wealth, security and beauty in India for centuries. It is not only used in jewelery, but is also a major means of investment. Every year millions of people invest in gold as it is considered safe at the time of economic instability.
Gold price Every day changes, which depends on many factors such as the international market, the price of the dollar, political stress, and demanding. Usually the price of gold in India Per testing in 10 grams per 10 grams Is measured according to. A tola is equal to about 11.66 grams. Its price varies depending on the purity of gold.
24 carat gold is the pure, while 22 and 18 carat gold contains adulteration of other metals. In this article, we will tell you in detail about the price, type, pricing, and future trends of today’s gold.
Gold price today – 24, 22 and 18 carat check latest rates
The table below has given today’s fresh gold prices, which are 24, 22 and 18 per 10 grams for gold and per ten tola.
| Carat | Price 10 grams per (₹) | Price per Tola (₹) (11.66 grams) | Tomorrow’s price (₹ ₹ 10 grams) | 7 days change (₹) |
|---|---|---|---|---|
| 24 carat | 95,580 | 1,11,446 | 95,800 | -1,916 |
| 22 carat | 87,550 | 1,02,086 | 87,750 | -1,757 |
| 18 carat | 71,690 | 83,610 | 71,850 | -1,432 |
| 14 carat | 55,720 | 64,969 | 55,850 | -1,120 |
Note: 1 Tola = 11.66 grams
How is the price of gold fixed?
- Gold price in international market: Gold is a global object. Therefore, gold is the largest determinant in the international market. If the price of gold increases in the international market, prices also increase in India.
- Dollar price: Since gold is traded in US dollars, the price of gold affects the price fluctuations of the dollar. The price of gold increases when the dollar is weak.
- demand and supply: Prices go up due to increasing demand during festivals, weddings, and investment season.
- Government policies and taxes: Changes in import duty, GST, and other taxes affect the price of gold.
- Global political and economic status: The demand for gold increases during war, economic recession, and other stress as it is considered a safe investment.
Various carats of gold and their price
1. 24 carat gold
- Purity: About 99.9%
- Uses: In investment and bullion
- Price: Most expensive
- Specialty: It is very soft, so less is used in jewelery.
2. 22 carat gold
- Purity: About 91.6%
- Uses: In most jewelery
- Price: less than 24 carats, but strong and durable
- Specialty: Most of the use in Indian jewelery
3. 18 carat gold
- Purity: About 75%
- Uses: Jewelry, especially in foreign markets
- Price: less than 22 carats
- Specialty: more durable, light yellow in color
4. 14 carat gold
- Purity: About 58.3%
- Uses: Jewelry
- Price: lowest
- Specialty: The strongest, but less pure
Comparative study of gold prices
| Carat | Price in India (₹ per web) | Price abroad (USD per ounce) | International market influence |
|---|---|---|---|
| 24 | ₹ 1,11,446 | $ 2,000 (about ₹ 1,65,000) | Directly connected to international market |
| 22 | ₹ 1,02,086 | , | Local demand and tax affected |
| 18 | ₹ 83,610 | , | Low price due to alloy |
Benefits of investment in gold
- Safe investment: Gold is considered safe at the time of economic recession or market fluctuations.
- Inflationary prevention: The price of gold increases with inflation, which protects investment.
- Liquidity: Gold can be easily converted into cash.
- Diversity: Gold is a good option to diversify the investment portfolio.
- Beauty and cultural importance: Gold is not only investment in the form of jewelery, but also has cultural and traditional importance.
Due to fluctuations in gold prices
- Global Economic Status: Changes in economic recession, inflation, and interest rates affect gold demand.
- Political stress: The demand for gold increases due to war, terrorism, and political instability.
- Dollar value: The price of gold increases when the dollar is weak.
- Seasonal demand: Prices go up due to increase in demand during festivals and wedding season.
- government policies: Changes in import duty, tax, and other rules affect the price.
Other factors affecting the price of gold
- Policies of central banks: When the central banks buy or sell gold, it affects the price.
- Quantity of mining: Reduction or increase in gold supply also affects the price.
- Investors’ behavior: Investors turn to gold at the time of stock market fluctuations.
Future of gold prices
According to experts, gold prices are likely to rise gradually in the coming years. The demand for gold will remain due to global economic uncertainty, increasing rate of inflation, and political stress. However, technological development and new investment options can also affect gold prices.
How to get information about gold prices?
- Online website: Many websites update the price of fresh gold daily.
- Mobile Apps: There are many mobile apps available to check the gold rate.
- Local Jewelers: The latest price can also be detected from local jewelers.
- News Channel: Economic news channels also get daily updates.
Suggestions for gold purchase
- Whose purity: Always buy 22 or 24 carat gold, and take a certificate of purity.
- Compare the price: Compare the price on different stores and online platforms.
- Weight and measurement: Get correct information about weight in weighing and village.
- Design and quality: Pay attention to the design as well as quality.
- Warranty and Bill: Take bills and warranties at the time of shopping.
conclusion:
Gold is still a popular and safe medium of investment. Its price varies daily, so it is important to know the fresh price before shopping or investment. There is a difference in prices of 24, 22 and 18 carat gold, which is fixed based on purity and use. The price of gold has the effect of global economic condition, political stress, demand-compete, and government policies. In future also, gold prices will continue to fluctuate, but it will remain a reliable option for investors.
Disclaimer: This article is written only for the purpose of providing information. Gold prices vary according to market conditions. Be sure to consult a financial advisor before investing. Gold prices fluctuations are real, and this is no fake or false information. Invest only after understanding the risks of the market.
