21 October TODAY GOLD PRICE: Rise in Gold Prices during Navratri, Know the Current Rates!
Investing in gold is considered a secure and favorable option in India, with a significant number of people choosing to invest in gold. However, before investing in anything, it’s crucial to gather comprehensive information about it. In this post, you will learn about today’s gold prices in major cities of India, providing you with essential information if you are considering gold investment.
If you lack accurate information about gold prices, buying gold can lead to potential losses. Therefore, it’s essential to read this post till the end, as gold prices fluctuate daily in India. Whether gold becomes cheaper or more expensive, it often triggers reactions of joy or concern among people.
Table of Contents
In this post, you will find daily updates on gold prices, including the rates for 18-carat, 22-carat, and 24-carat gold in various cities. The purity levels and prices for 18-carat, 22-carat, and 24-carat gold are provided, offering you a comprehensive overview of the gold market.
Today’s Gold Prices:21 October
- 18 Carat Gold Price (as of October 21, 2023, in New Delhi, India): ₹45,457 per 10 grams
- 1 gram: ₹4,545
- 10 grams: ₹45,457
- 100 grams: ₹4,54,500
- 22 Carat Gold Price (as of October 21, 2023, in New Delhi, India): ₹56,600 per 10 grams
- 1 gram: ₹5,660
- 8 grams: ₹45,280
- 10 grams: ₹56,600
- 100 grams: ₹5,66,000
- 24 Carat Gold Price (as of October 21, 2023, in New Delhi, India): ₹61,750 per 10 grams
- 1 gram: ₹6,175
- 8 grams: ₹49,400
- 10 grams: ₹61,750
- 100 grams: ₹6,17,500
Find out the gold prices in your city:21 October
Check the 24-carat and 22-carat gold prices in major cities of India on October 21, 2023:
| City | 22 Carat Gold Price (10 grams) | 24 Carat Gold Price (10 grams) |
|---|---|---|
| New Delhi | ₹56,750 | ₹61,900 |
| Mumbai | ₹56,600 | ₹60,750 |
| Chennai | ₹56,700 | ₹60,850 |
| Kolkata | ₹56,600 | ₹61,750 |
| Hyderabad | ₹55,600 | ₹60,750 |
| Jaipur | ₹56,750 | ₹61,900 |
| Bangalore | ₹56,600 | ₹61,750 |
Gold Prices in Other Countries:
| Country | 22 Carat Gold Price (10 grams) | 24 Carat Gold Price (10 grams) |
|---|---|---|
| Kuwait | ₹49,770 | ₹50,390 |
| Singapore | ₹49,850 | ₹53,201 |
| Dubai | ₹46,568 | ₹50,307 |
| United States | ₹47,017 | ₹50,761 |
| Doha | ₹48,613 | ₹51,466 |
| Qatar | ₹48,613 | ₹51,466 |
| Muscat | ₹48,630 | ₹50,792 |
| Oman | ₹48,613 | ₹53,017 |
Factors Influencing Gold Prices: Gold prices are subject to fluctuations due to various factors. Demand, inflation, interest rates, and the country’s reserve account are crucial contributors to changes in gold prices. Understanding these factors is essential for investors to make informed decisions.
Investing in Gold: In the modern era, purchasing gold has become convenient. Whether you prefer physical gold or digital gold, there are platforms like Zerodha and Groww for digital gold transactions. Physical gold can be bought from local gold shops in the form of coins, bars, or jewelry. Ensure to obtain a gold certificate when purchasing from a gold store.
Frequently Asked Questions: Find the current gold prices in specific cities:
- Ludhiana: ₹60,590 for 24 Carat Gold
- Madhya Pradesh: ₹60,490 for 24 Carat Gold
- Bihar: ₹60,490 for 24 Carat Gold
- Varanasi: ₹60,490 for 24 Carat Gold
- Karnal: ₹60,590 for 24 Carat Gold
- Haridwar: ₹59,280 for 24 Carat Gold
- Ambala: ₹60,590 for 24 Carat Gold
- Sonipat: ₹60,590 for 24 Carat Gold
Conclusion:
Frequently Asked Questions (FAQs) – Today’s Gold Price in India:
Q1: Why is gold considered a good investment in India? 21 October
A1: Gold is regarded as a secure and favorable investment in India due to its historical significance, cultural importance, and its ability to act as a hedge against inflation. Many people trust gold as a long-term asset.
Q2: How often do gold prices change in India? 21 October
A2: Gold prices in India fluctuate daily based on various factors such as demand, inflation, global economic conditions, and geopolitical events. It’s advisable to stay updated on these factors for informed investment decisions.
Q3: What is the significance of carats in gold prices?
A3: Carats indicate the purity of gold. In India, you can find gold in 18, 22, and 24 carats. Higher carat gold is purer, but it also tends to be more expensive.
Q4: Are the gold prices mentioned inclusive of taxes?
A4: The gold prices mentioned typically do not include taxes. It’s important to factor in applicable taxes when making a purchase to avoid any surprises.
Q5: Can I buy gold online in India? 21 October
A5: Yes, you can buy digital gold online through various platforms like Zerodha and Groww. Ensure you choose a reputable platform and follow secure transaction practices.
Q6: What factors influence changes in gold prices? 21 October
A6: Gold prices are influenced by factors such as demand, inflation, interest rates, geopolitical events, and changes in the country’s reserve account. Understanding these factors can help predict trends in gold prices.
Q7: How can I check the current gold prices in my city? 21 October
A7: You can check the current gold prices in your city by referring to reputable financial news websites, gold price tracking apps, or by visiting local jewelry stores that often display daily rates.
Q8: Is it better to invest in physical gold or digital gold?21 October
A8: The choice between physical and digital gold depends on individual preferences. Physical gold includes coins, bars, and jewelry, while digital gold allows you to invest through online platforms. Consider factors like convenience, security, and liquidity before deciding.
Q9: How does gold demand change during festivals and weddings?21 October
Q10: Can I sell my physical gold back to the jeweler where I bought it?21 October
A10: Yes, many jewelers offer buyback schemes. Ensure to check the terms and conditions of the buyback policy with the jeweler from whom you purchased the gold.
Remember to stay informed, consider your investment goals, and conduct thorough research before making any decisions regarding gold investments.
ALSO READ Continue……20 October TODAY GOLD PRICE: Gold became so expensive today due to Navratri!
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