24 October TODAY’S GOLD PRICE: Diwali Impact on Gold Prices, Know the Current Rates!
Investing in gold is considered a good and secure option in India, and a significant number of people choose to invest their money in gold. However, before investing in anything, it’s essential to gather complete information. In this post, you will find today’s gold prices in major cities of India to help you make informed decisions about investing in gold.
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In India, gold is available in 18 karats, 22 karats, and 24 karats. 22 karat gold is 91% pure, with the remaining 9% comprising copper and zinc. On the other hand, 24 karat gold is 99.9% pure, making it more expensive.
As of October 24, 2023, the gold prices are as follows:
18 Karat Gold Price
- 1 Gram: ₹4,545
- 10 Grams: ₹45,457
- 100 Grams: ₹4,54,500
22 Karat Gold Price
- 1 Gram: ₹5,660
- 10 Grams: ₹56,600
- 100 Grams: ₹5,66,000
24 Karat Gold Price
- 1 Gram: ₹6,175
- 10 Grams: ₹61,750
- 100 Grams: ₹6,17,500
Find below the gold prices in major cities for 24 karat and 22 karat gold (per 10 grams):
| City | 22 Karat Gold Price | 24 Karat Gold Price |
|---|---|---|
| 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 |
| Ahmedabad | ₹56,650 | ₹61,800 |
Gold Prices in Other Countries (per 10 grams):24 October
| Country | 22 Karat Gold Price | 24 Karat Gold Price |
|---|---|---|
| Kuwait | ₹49,770 | ₹50,390 |
| Singapore | ₹49,850 | ₹53,201 |
| Dubai | ₹46,568 | ₹50,307 |
| United States | ₹47,017 | ₹50,761 |
| Doha, Qatar | ₹48,613 | ₹51,466 |
| Muscat, Oman | ₹48,630 | ₹50,792 |
Frequently Asked Questions (FAQs) – Today’s Gold Prices in India
Q1: Why is gold considered a good investment in India? 24 October
A1: Gold is considered a good investment in India due to its historical significance, cultural value, and stability. It is often seen as a safe and secure option, especially during festivals and weddings.
Q2: How often are gold prices updated?24 October
A2: Gold prices are updated daily to reflect market changes. You can find the latest rates for different karats in major cities across India.
Q3: What factors influence gold prices in India?24 October
A3: Gold prices are influenced by various factors, including international market trends, currency fluctuations, inflation, interest rates, and demand-supply dynamics.
Q4: Where can I buy gold in India? 24 October
A4: You can buy gold from local jewelers, goldsmiths, or certified stores. Additionally, digital platforms like Zerodha and Groww offer the option to purchase digital gold.
Q5: How is gold purity measured in karats? 24 October
A5: Gold purity is measured in karats, with 24 karats being the purest form. For example, 22 karat gold is 91% pure, and 18 karat gold is 75% pure.
Q6: Can I track gold prices in other countries?
A6: Yes, you can track gold prices in other countries. The FAQ includes prices for countries like Kuwait, Singapore, Dubai, the United States, Qatar, and Oman.
Q7: What are the recommended gold investment options? 24 October
A7: Popular gold investment options include physical gold (coins, bars, jewelry) and digital gold available on investment platforms.
Q8: How often does the gold price change?24 October
Q9: Is gold affected by inflation?24 October
A9: Yes, gold is often considered a hedge against inflation. During times of inflation, the demand for gold may increase, impacting its prices.
Q10: Are the gold prices mentioned inclusive of taxes?
A10: The mentioned gold prices are indicative and may not include taxes. It’s advisable to check with the seller for the final price, including any applicable taxes.
