Delhi is the capital city of India and witnesses a high volume of trading when it comes to gold. They buy and use the gold to take a gold loan after determining the gold loan rates in Delhi or use it for other personal purposes. However, the gold loan rates in Delhi, with the gold price in Delhi, fluctuate daily based on numerous domestic and external factors. This fluctuation in the gold rate makes it vital for people in Delhi to check today's gold rate in Delhi daily to ensure they get the best gold price.
Gold Price in Delhi for 22K and 24K Gold Purities
22 Carat Gold Price Per Gram in Delhi - (Today & Yesterday)
If you're planning for gold investment, check and compare 22 carat gold rate in Delhi. Consider taking look at the following information given below:
Gram | Today | Yesterday | Price Change |
---|---|---|---|
Gold rate for 1 gram | ₹ 6,905 | ₹ 6,963 | ₹ -58 |
Gold rate for 10 gram | ₹ 69,045 | ₹ 69,628 | ₹ -583 |
Gold rate for 12 gram | ₹ 82,854 | ₹ 83,554 | ₹ -700 |
Today 24 Carat Gold Price Per Gram in Delhi - (Today & Yesterday)
Now you can compare the 24K gold rate per gram in Delhi. Check the following table as given below:
Gram | Today | Yesterday | Price change |
---|---|---|---|
Gold rate for 1 gram | ₹ 7,538 | ₹ 7,601 | ₹ -64 |
Gold rate for 10 gram | ₹ 75,377 | ₹ 76,013 | ₹ -636 |
Gold rate for 12 gram | ₹ 90,452 | ₹ 91,216 | ₹ -763 |
Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.
Historical Gold Rate in Delhi For The Last 10 Days
The gold rate fluctuates regularly based on numerous domestic and international factors, making it confusing for a buyer to understand the direction of the gold prices in the coming days. One of the best ways to understand the future price direction is to analyse the pattern based on the historical prices of the last ten days.
It is important to know the price direction as a buyer of gold in Delhi may have to pay more for the gold one day compared to other days when the price of gold is lower. Gold’s price patterns can allow buyers to assume the price direction of gold in the coming days and choose an ideal time to buy gold.
Day | 22K Pure Gold | 24K Pure Gold |
---|---|---|
20 Dec, 2024 | ₹ 6,904 | ₹ 7,537 |
19 Dec, 2024 | ₹ 6,962 | ₹ 7,601 |
18 Dec, 2024 | ₹ 7,021 | ₹ 7,665 |
17 Dec, 2024 | ₹ 6,994 | ₹ 7,636 |
16 Dec, 2024 | ₹ 7,044 | ₹ 7,690 |
13 Dec, 2024 | ₹ 7,046 | ₹ 7,692 |
12 Dec, 2024 | ₹ 7,158 | ₹ 7,814 |
11 Dec, 2024 | ₹ 7,114 | ₹ 7,766 |
10 Dec, 2024 | ₹ 7,069 | ₹ 7,717 |
09 Dec, 2024 | ₹ 7,025 | ₹ 7,669 |
Monthly and Weekly Trends of Gold Rate in Delhi
The gold rate follows a specific trend based on past price patterns. If you are looking to buy gold in Delhi, you can analyse the past price patterns stretching to a month or a week to understand the trend. It will allow you to assume where the gold price may go in the future to make informed gold purchasing decisions.
Gold Price Calculator in Delhi
Gold value: ₹ 6,904.50
Gold Rates in Delhi For Different Purities
Gold price today in Delhi is different for various purities of gold as their quality and usage alter, resulting in a price difference. For example, if you are looking to buy 24-carat gold in Delhi, the rate will be higher for the same quantity of gold than the 22-carat gold rate.
Similar is the case with other purities of gold, where the lower the purity, the lower the gold rate. Hence, it is important for a buyer looking to buy a particular purity of gold to check the 24-carat gold rate in Delhi or the gold rate for any other purity of gold.
What is the Current Trend in the Gold Price in Delhi?
The capital city of India sees uninterrupted demand for gold. However, today’s gold rate in Delhi fluctuates based on the consequent supply of gold and various other domestic or international factors. Hence, a buyer needs to analyse the past prices of gold and understand the current trend of gold rates in Delhi.
Importance of Checking Gold Rates in Delhi Before Buying
A buyer of gold in Delhi may have to pay a different price for buying a similar value of gold on two different days. The dynamic and fluctuating nature of today’s gold rate in Delhi is constantly changing almost every day. Hence, a buyer of gold in Delhi needs to check the gold rate before buying to get the best value for gold.
Factors That Affect Gold Prices in Delhi
As the gold price in Delhi is constantly changing, it may become difficult for a buyer of gold in Delhi to identify the best time to buy gold. However, successful identification is based on understanding the factors that affect gold prices in the domestic market. Here are the factors that affect the prices of gold in Delhi:
- Demand and Supply: The demand and supply of gold in Delhi are always different from other Indian cities, as it may see higher or lower volumes. If the demand is greater than the supply, the price will rise. However, if the demand is lower than the supply, the gold price in Delhi will fall.
- Margin: Jewellers who import gold from international markets levy a margin over the import price. This margin varies from one city to another and affects the price of gold in Delhi, making it different from other Indian cities.
- Economic Situation: Investors buy gold to hedge against the losses of other asset classes due to a negative economic situation or slow GDP growth. Hence, economic aspects such as recession and inflation also affect the price of gold in Delhi.
GST Impact on Gold Rates in Delhi
The Goods and Services Tax (GST) is an indirect tax levied by the Indian government on the supply of goods and services. The introduction of GST replaced numerous indirect taxes in India, such as service tax, value-added tax, purchase tax, excise duty, etc.
Similar to the supply of other goods and services, the GST also affects the supply of gold in Delhi, thereby affecting the gold rate. The supply of physical gold in Delhi attracts a GST of 3% per the latest GST regime in Delhi. The 3% GST on the supply of gold in Delhi is 1% higher than the previous 2% GST.
Apart from the 3% GST on gold supply in Delhi, the Indian government levies a 5% tax on the making charges, which is 3% lower than the previous tax of 8%. Furthermore, the government has also increased the import duty on gold to 10%, with 3% GST and 5% making charges.
After the implementation of GST, the gold rate has seen a rapid increase owing to the high demand for gold in Delhi and is expected to increase further based on the long-term positive effects of GST implementation.
Reasons Why Gold Rates Differ Between Delhi and Other Cities
Being the capital city, numerous domestic and international factors affect the gold rate. For a buyer of gold in Delhi, these factors can be highly influential in changing the price of gold in Delhi. Hence, it is necessary to understand why gold rates differ within Indian cities. Here’s why gold rates vary between Delhi and other cities:
- Margin: Jewellers import gold from the international market to add to the supply and cover the demand. However, jewellers levy a margin over the import price to realise profits, and the margin is different for different Indian cities, resulting in a price difference.
- Volume: The demand and supply, which is the main price-affecting factor, is affected by how much gold Delhi's citizens buy and sell on a particular day. Since the volume varies in Delhi from other cities, it changes the gold rate and other cities.
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