In India, gold rates are primarily influenced by international prices of gold, which are determined by global market factors such as demand and supply, geopolitical events, economic data, and currency fluctuations. The key factors that influence gold prices globally include:
- International Market Trends: The prices of gold in major international markets like London, New York, and Shanghai play a significant role in determining Indian gold rates. These prices are influenced by global demand for gold, geopolitical tensions, inflation rates, and economic indicators.
- Exchange Rates: Since gold is traded internationally in US dollars, fluctuations in the exchange rate between the Indian rupee and the US dollar also impact the local price of gold in India.
- Local Demand and Supply: Domestic factors such as local demand for gold jewelry, coins, and bars, as well as seasonal factors like weddings and festivals (which often see increased gold buying), can also affect gold prices in India.
- Government Policies and Taxes: Changes in import duties, taxes, and regulations related to gold imports can influence the final retail price of gold in India.
1 Gram Gold Rate in India Today, 18, 22, & 24 Carat
While the Indian government and regulatory bodies do not directly set the daily gold rates, there are associations like the India Bullion and Jewellers Association (IBJA) that publish daily gold rates based on inputs from various sources and market trends. These rates serve as benchmarks for gold transactions across the country.
Gold Rates in Top Cities of India
Gold prices are determined by many cities of the country such as Chennai, Hyderabad, Bangalore, Mumbai, Delhi, Kolkata, Patna and more Cities.
| City Name | 1 Grams |
|---|---|
| Agra | ₹ 6,730 |
| Ahmedabad | ₹ 6,734 |
| Andhra pradesh | ₹ 6,690 |
| Assam | ₹ 6,765 |
| Bangalore | ₹ 6,740 |
| Bhilai | ₹ 6,718 |
| Bhopal | ₹ 6,718 |
| Bhubaneswar | ₹ 6,765 |
| Bihar | ₹ 6,765 |
| Chandigarh | ₹ 6,730 |
| Chennai | ₹ 6,690 |
| Chhattisgarh | ₹ 6,718 |
| Coimbatore | ₹ 6,690 |
| Dehradun | ₹ 6,730 |
| Delhi | ₹ 6,730 |
| Faridabad | ₹ 6,730 |
| Ghaziabad | ₹ 6,730 |
| Goa | ₹ 6,740 |
| Gujarat | ₹ 6,734 |
| Guntur | ₹ 6,690 |
| Gurgaon | ₹ 6,730 |
| Guwahati | ₹ 6,765 |
| Haryana | ₹ 6,730 |
| Himachal pradesh | ₹ 6,730 |
| Hyderabad | ₹ 6,690 |
| Indore | ₹ 6,718 |
| Jabalpur | ₹ 6,718 |
| Jaipur | ₹ 6,734 |
| Jammu and kashmir | ₹ 6,730 |
| Jharkhand | ₹ 6,765 |
| Jodhpur | ₹ 6,734 |
| Kanpur | ₹ 6,730 |
| Karnataka | ₹ 6,740 |
| Kerala | ₹ 6,630 |
| Kolkata | ₹ 6,765 |
| Kota | ₹ 6,734 |
| Kozhikode | ₹ 6,630 |
| Lucknow | ₹ 6,730 |
| Ludhiana | ₹ 6,730 |
| Madhya pradesh | ₹ 6,718 |
| Madurai | ₹ 6,690 |
| Maharashtra | ₹ 6,718 |
| Mumbai | ₹ 6,718 |
| Mysore | ₹ 6,740 |
| Nagpur | ₹ 6,718 |
| Noida | ₹ 6,730 |
| Odisha | ₹ 6,765 |
| Panaji | ₹ 6,740 |
| Patna | ₹ 6,765 |
| Pune | ₹ 6,718 |
| Punjab | ₹ 6,730 |
| Raipur | ₹ 6,718 |
| Rajasthan | ₹ 6,734 |
| Ranchi | ₹ 6,765 |
| Shimla | ₹ 6,730 |
| Surat | ₹ 6,734 |
| Tamil nadu | ₹ 6,690 |
| Telangana | ₹ 6,690 |
| Thrissur | ₹ 6,630 |
| Udaipur | ₹ 6,734 |
| Uttar pradesh | ₹ 6,730 |
| Uttarakhand | ₹ 6,730 |
| Vadodara | ₹ 6,734 |
| Vijayawada | ₹ 6,690 |
| Visakhapatnam | ₹ 6,690 |
| Warangal | ₹ 6,690 |
| West bengal | ₹ 6,765 |
What is the Hallmark Symbol for 18-carat gold?
The hallmark symbol for 18-carat gold can vary depending on the country or region. However, in many countries that use the hallmarking system, the hallmark symbol for 18-carat gold is often “750”. This number represents the purity of the gold alloy, indicating that it is 75% pure gold (18 parts out of 24).
In some regions, you might also see other symbols or stamps alongside “750”, which could indicate the manufacturer, assay office, or additional purity standards specific to that country’s hallmarking regulations. It’s always a good idea to check with local authorities or hallmarking agencies for specific details relevant to your location.
What is the Hallmark Symbol for 22-carat gold?
In India, the hallmark symbol for 22-carat gold is typically “916”. This number indicates that the gold alloy contains 91.6% pure gold (22 parts out of 24).
This hallmarking system ensures that consumers can verify the purity of the gold they are purchasing, as well as providing information about the jeweler or manufacturer and the assay or hallmarking center that certified the gold. It’s important for consumers to look for these hallmarks when buying gold jewelry to ensure they are getting genuine and accurately marked gold.
What is the Hallmark Symbol for 24-carat gold?
The hallmark symbol for 24-carat gold can vary depending on the country or region. In many countries that use the hallmarking system, the symbol for 24-carat gold is often “999” or “999.9”.
- 999: This indicates that the gold is 99.9% pure, which is essentially pure gold with minimal impurities.
- 999.9: Some hallmarking systems may use “999.9” to denote even higher purity, but it essentially means the same as “999”.
These symbols are used to certify the purity of the gold and assure consumers of its quality. It’s always advisable to check with local hallmarking authorities or jewelers for specific symbols and standards used in your region.