In Gurgaon, people love gold not just for its cultural importance but also as a good business opportunity. Gold is more than a valuable item; it helps protect against economic problems. Even when prices go up, gold keeps its buying power, making it a reliable investment. In the busy city of Gurgaon, the chances to do business with gold are exciting, blending tradition, strength, and smart economic planning.
When it comes to being used for crafting jewellery, Gurgaon stands out as a significant gold market. Individuals intending to purchase gold in Gurgaon should take into account today’s gold rate in Gurgaon before buying gold items. the current gold rates. It's worth noting that 22 carat gold is commonly employed for making jewelry. For those seeking gold with higher purity for investment reasons, opting for 24 carat gold is a viable choice.
Gold Price in Gurgaon for 22K and 24K Gold Purities
22 Carat Gold Price Per Gram in Gurgaon - (Today & Yesterday)
If you're planning for gold investment, check and compare the 22 carat gold rate in Gurgaon. Consider taking look at the following information given below:
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,029 | ₹ 6,988 | ₹ 42 |
| Gold rate for 10 gram | ₹ 70,294 | ₹ 69,879 | ₹ 415 |
| Gold rate for 12 gram | ₹ 84,353 | ₹ 83,855 | ₹ 498 |
Today 24 Carat Gold Price Per Gram in Gurgaon - (Today & Yesterday)
Now you can compare the 24K gold rate per gram in Gurgaon. Check the following table as given below:
| Gram | Today | Yesterday | Price change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,674 | ₹ 7,629 | ₹ 45 |
| Gold rate for 10 gram | ₹ 76,740 | ₹ 76,287 | ₹ 453 |
| Gold rate for 12 gram | ₹ 92,088 | ₹ 91,544 | ₹ 544 |
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 Gurgaon For The Last 10 Days
Gold, being a global commodity, undergoes price variations influenced by individual choices and local factors. These elements significantly influence the consumer demand for gold. With numerous factors influencing the market, it becomes challenging for a customer in Gurgaon to pinpoint an ideal day for purchasing gold. In such instances, customers can make informed decisions by tracking the trends in prices for 22K and 24K gold purity. Staying updated on the current gold price in Gurgaon today aids customers in making well-informed decisions regarding their gold purchases.
The table below indicates the prices of gold for 22K and 24K purity in Gurgaon for the past 10 days.
| Day | 22K Pure Gold | 24K Pure Gold |
|---|---|---|
| 29 Nov, 2024 | ₹ 7,029 | ₹ 7,674 |
| 28 Nov, 2024 | ₹ 6,987 | ₹ 7,628 |
| 27 Nov, 2024 | ₹ 6,977 | ₹ 7,617 |
| 26 Nov, 2024 | ₹ 6,933 | ₹ 7,569 |
| 25 Nov, 2024 | ₹ 7,060 | ₹ 7,708 |
| 22 Nov, 2024 | ₹ 7,125 | ₹ 7,778 |
| 21 Nov, 2024 | ₹ 7,047 | ₹ 7,693 |
| 19 Nov, 2024 | ₹ 6,950 | ₹ 7,587 |
| 18 Nov, 2024 | ₹ 6,852 | ₹ 7,480 |
| 14 Nov, 2024 | ₹ 6,754 | ₹ 7,373 |
Monthly and Weekly Trends of Gold Rate in Gurgaon
The price of gold, being a commodity, undergoes significant fluctuations. Examining the monthly and weekly patterns in the gold rate today for 22K in Gurgaon proves beneficial for making well-informed decisions. Various sources offer information on the gold rate in Gurgaon, including offline avenues like print media and boards outside jewellery shops, as well as online sources such as research house websites, advisories, and other platforms.
Gold Price Calculator in Gurgaon
Gold value: ₹ 7,029.40
What is the Current Gold Rate Trend in Gurgaon?
The current gold rate trend in Gurgaon has been stable for a while. Investors have not been getting good returns from the metal over the last few years. In fact, gold rates in Gurgaon are almost the same as they were about 1-year ago. It is important for investors in gold who are looking at good returns from the metal to look at long-term investing. The gold rate in Gurgaon has been rising over the past month, with a 1.47% increase for 22K gold and a 1.38% increase for 24K gold.
A thriving hub of commerce brings positive prospects for its inhabitants. The aspiration for an enhanced lifestyle fuels the desire for gold, resulting in a gradual increase in the current gold rate in Gurgaon for two of the most favoured gold purities.
Importance of Checking Gold Rate Today in Gurgaon Before Buying
Gold prices react to both external and internal factors, and they can be quite unpredictable, experiencing significant ups and downs. Checking what is the gold rate today in Gurgaon is crucial, as a substantial increase may be due to sudden price changes. Before buying, it's beneficial to monitor the price trends and stay informed about any developments affecting gold prices. This knowledge can guide your decision-making process and help you make an informed purchase.
Factors that Affect the Gold Prices in Gurgaon
Gold, as a commodity, undergoes frequent price fluctuations in Gurgaon. Various external factors contribute to these changes, including global gold production, demand and supply dynamics, economic and political conditions, and fluctuations in exchange rates. Additionally, the influence of state taxes, octroi, national and local bullion associations, the availability of gold with prominent jewellers, RBI's gold reserve, inflation, and the central bank's monetary policies all play a role in shaping the dynamics of gold prices in Gurgaon. Consequently, today’s gold rate in Gurgaon for 22 carat may differ from yesterday's, and it is anticipated to change again tomorrow.
How is Gold’s purity determined?
Gold in India is available in various purity options denoted by the 'karat' scale, such as 24K, 22K, and 18K, with 24K being the purest form. The karat scale in India spans from 1 to 24, where 24K represents the highest purity level. The term 'carat' is also associated with purity, and the choice between 'karat' and 'carat' usage depends on the country.
The Bureau of Indian Standards (BIS) employs a hallmarking system to assess the purity of gold, determining today’s gold rate in Gurgaon per gram. Both dealers and laboratories responsible for evaluating gold are required to prominently display their hallmark symbol of purity on gold products and their respective logos. It is imperative for gold buyers to verify the 916 gold rate in Gurgaon.
1 Gram Gold Price in Gurgaon: How is it Calculated?
Gurgaon residents can gain an advantage by understanding how the price of 1 gram of gold is determined. It is especially helpful to be aware of the 916 gold rate in Gurgaon or the rate for 1 gram of 22K gold in Gurgaon, considering that this gold purity is commonly used in jewellery making. There are two methods for calculating the gold price, outlined as follows:
The Purity Method (Percentage): Gold value = (Gold purity x weight x gold content) / 24
and
The Karat Method: Gold Value = (Gold purity x weight x gold) / 100
Reasons Why Gold Rates Differ Between Gurgaon and Other Cities
Gold rates differ across cities in India due to various factors such as transportation costs, local demand and supply, local market conditions, taxes and duties, and government policies. The price of gold is also influenced by the quantity of gold purchased, the purchase price of gold, and local jewellery associations. These factors can vary from city to city, leading to differences in gold rates.
In Gurgaon, the price of gold is determined by a number of factors, including applicable taxes, transportation expenses, and making charges. The standard GST rate of 3% and making charges of 5% are applicable across India, but other factors, such as local taxes and tariffs, can cause gold rates to vary between cities. Therefore, even with a standard GST rate of 3% and making charges of 5%, gold rate per gram in Gurgaon may differ from other cities due to these factors.