Gold and Silver Price Today in India: Gold and silver are among the most sought-after assets in India, widely considered as safe investments. The prices of these precious metals fluctuate daily due to factors like global market trends, domestic demand, and currency value. In this article, we’ll explore the latest gold and silver prices in India for various purities and how they affect your buying and selling decisions.
Whether you’re planning to invest or buy jewelry, staying updated on the prices is essential. The ever-changing market conditions can impact both the value of your investment and the cost of your next jewelry purchase.
In this article, we’ll discuss the latest gold and silver prices in India across different purities, including 24K, 23K, 22K, 18K, and 14K gold. We’ll also explore what drives these prices, how you can check purity, and the best practices for buying gold and silver in India. Whether you’re a first-time investor or planning to purchase jewelry, staying informed about current rates is essential for making smart financial decisions.
24K Gold Price Today in India
24K gold is the purest form of gold available in the market, containing 99.9% gold content. It is bright yellow, soft, and extremely valuable, making it ideal for investment rather than everyday jewelry. The price of 24K gold in India fluctuates daily, depending on international gold rates and currency exchange values. As of today, the 24K gold price in India is approximately ₹X per gram, but this rate varies slightly from city to city due to local taxes and demand.
Gold Rates In India:
24 Carat Gold Prices:
The price of 10 grams gold fell by Rs 1,140 to Rs 1,24,480 on October 27th, while 100 grams gold price declined the most by Rs 11,400 to Rs 12,44,800. Further, 8 grams and 1 gram gold rates plunged by Rs 912 and Rs 114 to Rs 99,584 and Rs 12,448 respectively.
22 Carat Gold Prices:
In this carat, 10 grams gold dropped by Rs 1,050 to Rs 1,14,100, and 100 grams gold price plummeted by Rs 10,500 to Rs 11,41,000. The price of 8 grams gold is down by Rs 840 to Rs 91,280 and 1 gram gold edged lower by Rs 105 to Rs 11,410.
18 Carat Gold Prices:
Under 18 carat, 10 grams gold contracted by Rs 860 to Rs 93,360 and 100 grams gold price tumbled by Rs 8,600 to Rs 9,33,600. Also, 8 grams gold is lower by Rs 688 to Rs 74,688, and the cheapest gold rate is of 1-gram in 18 carat to Rs 9,336 which inched lower by Rs 86 on Monday.
Why Are Gold Prices Falling?
According to Darshan Desai, CEO – Aspect Bullion & Refinery, gold prices continue to decline as safe-haven demand weakens amid optimism over a potential US-China trade deal and a stronger US dollar. This week is a crucial one for the bullion market, with key events including meetings between US President Donald Trump and Chinese President Xi Jinping, a US Federal Reserve announcement, and several major tech company earnings reports. Investors considering gold as a hedge should prepare for short-term volatility and sharp price swings.
Silver Rates In India:
Unlike gold, silver prices in India are unchanged. 1Kg silver rate is at Rs 1,55,000, while 100 grams and 10 grams silver price stood at Rs 15,500 and Rs 1,550 respectively. Further, 8 grams silver is at Rs 1,240 and 1 gram silver is at Rs 155.
Silver rates have been either down or flat since past 10 days.
Why Silver Rates In India Under Pressure?
”The decline is mainly due to profit-taking and weaker industrial demand. Long-term factors, like supply constraints and industrial use, remain strong, but at the moment, the market is looking at consolidation rather than growth. Silver is better at this point as a strategic buffer than a short-term momentum trade,” said Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA).
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