20 October TODAY GOLD PRICE: Gold became so expensive today due to Navratri!

20 October TODAY’S GOLD PRICES: Investing in gold is a popular and secure choice in India, with many individuals opting to put their money into this precious metal. However, it’s crucial to gather comprehensive information before making any investment. This post aims to provide you with the latest gold prices in major Indian cities, offering essential insights if you’re contemplating a gold investment.

Lack of accurate information about gold prices can lead to potential losses when purchasing gold. Therefore, it’s imperative to read this post in its entirety, as gold prices in India fluctuate daily, and having up-to-date information is paramount. Gold prices in India can vary, and the market’s dynamics often evoke joy during price decreases and concern during increases.

This post will offer daily updates on gold prices. As of today, October 20, 2023, in New Delhi, the price of 18-carat gold stands at ₹44,977 per 10 grams.

Here’s a breakdown:

• 1 gram: ₹4,497
• 10 grams: ₹44,977
• 100 grams: ₹4,49,700

For 22-carat gold in New Delhi, the price is ₹55,460 per 10 grams.20 October

Breakdown for 22-carat gold:

• 1 gram: ₹5,546
• 8 grams: ₹44,368
• 10 grams: ₹55,460
• 100 grams: ₹5,54,600

The price of 24-carat gold in New Delhi is ₹60,500 per 10 grams.[20 October]

Breakdown for 24-carat gold:

• 1 gram: ₹6,050
• 8 grams: ₹48,400
• 10 grams: ₹60,500
• 100 grams: ₹6,05,000

20 October Check gold prices in major cities such as New Delhi, Amritsar, Chandigarh, Mumbai, Chennai, Hyderabad, Bhopal, Jaipur, Kanpur, Kerala, Kolkata, Meerut, Nagpur, Gurgaon, and Ahmedabad.

For example, in New Delhi:

• 22-carat gold: ₹55,560 (10 grams)
• 24-carat gold: ₹60,600 (10 grams)

Regarding international gold prices:20 October

• Kuwait: ₹49,770 (22-carat), ₹50,390 (24-carat)
• Singapore: ₹49,850 (22-carat), ₹53,201 (24-carat)
• Dubai: ₹46,568 (22-carat), ₹50,307 (24-carat)
• United States: ₹47,017 (22-carat), ₹50,761 (24-carat)
• Doha: ₹48,613 (22-carat), ₹51,466 (24-carat)
• Qatar: ₹48,613 (22-carat), ₹51,466 (24-carat)
• Muscat: ₹48,630 (22-carat), ₹50,792 (24-carat)
• Oman: ₹48,613 (22-carat), ₹53,017 (24-carat)

Gold prices are influenced by various factors, including demand, inflation, interest rates, and government reserves. Fluctuations during festivals and wedding seasons are common occurrences.

If you intend to purchase gold, options include physical visits to gold stores or digital platforms like Zerodha and Groww. Physical gold forms include coins, bars, and jewelry. Ensure you obtain a gold certificate when making a purchase.

Frequently Asked Questions (FAQs)

1. What is the current gold price in India?20 October
   • As of today, October 20, 2023, in New Delhi:
     • 18-carat gold: ₹44,977 per 10 grams
     • 22-carat gold: ₹55,460 per 10 grams
     • 24-carat gold: ₹60,500 per 10 grams
2. How often do gold prices change?20 October
   • Gold prices in India fluctuate daily due to various market factors. It’s essential to stay updated on the latest prices if you’re considering investing in gold.
3. Why does gold price vary in different cities?20 October
   • Gold prices can differ in various cities due to factors like transportation costs, local taxes, and demand-supply dynamics in specific regions.
4. What influences gold prices?
   • Gold prices are influenced by factors such as demand, inflation, interest rates, and government reserves. Festivals and wedding seasons often lead to fluctuations.
5. Where can I check gold prices in my city?20 October
   • You can check gold prices in major cities like New Delhi, Amritsar, Chandigarh, Mumbai, Chennai, Hyderabad, Bhopal, Jaipur, Kanpur, Kerala, Kolkata, Meerut, Nagpur, Gurgaon, and Ahmedabad.
6. How can I purchase gold?
   • You can buy gold physically by visiting a gold store or digitally through platforms like Zerodha and Groww. Physical options include coins, bars, and jewelry. Ensure you receive a gold certificate when buying from a store.
7. What are the international gold prices?20 October
   • International gold prices vary. As an example:
     • Kuwait: ₹49,770 (22-carat), ₹50,390 (24-carat)
     • Singapore: ₹49,850 (22-carat), ₹53,201 (24-carat)
     • Dubai: ₹46,568 (22-carat), ₹50,307 (24-carat)
     • United States: ₹47,017 (22-carat), ₹50,761 (24-carat)
     • Doha: ₹48,613 (22-carat), ₹51,466 (24-carat)
     • Qatar: ₹48,613 (22-carat), ₹51,466 (24-carat)
     • Muscat: ₹48,630 (22-carat), ₹50,792 (24-carat)
     • Oman: ₹48,613 (22-carat), ₹53,017 (24-carat)
8. Are gold prices expected to rise or fall?20 October
   • Predicting future gold prices is challenging. Prices can be influenced by global economic conditions, geopolitical events, and other unpredictable factors.
9. What precautions should I take when buying gold?20 October
   • Ensure you buy from reputable sources, obtain a valid gold certificate, and understand the terms and conditions of the purchase.
10. Can I invest in gold digitally?20 October
    • Yes, platforms like Zerodha and Groww allow digital investment in gold. Research and choose a platform that aligns with your investment goals.