The current gold rate in India fluctuates based on various factors, including purity (24K or 22K), weight, and location. As of February 10th, 2025, the price for 24 Carat gold is ₹ 84,700 per 10 grams and ₹ 77,580 for 22 Carat gold.
Understanding the difference between 24K and 22K gold is crucial for making informed purchase decisions. 24K gold represents 99.9% pure gold and is primarily used for gold coins and bars. 22K gold, on the other hand, is 91.67% pure and is the preferred choice for jewellery due to its added durability from alloys like silver and nickel.
The table below outlines the gold rates in major Indian cities for both 24K and 22K gold:
| Gold Rate | Gold Rate In Bangalore | Gold Rate In Chennai | Gold Rate In Delhi | Gold Rate In Hyderabad | Gold Rate In Mumbai |
|---|---|---|---|---|---|
| 22 Carat | ₹79,350 | ₹79,450 | ₹79,450 | ₹79,300 | ₹79,300 |
| 24 Carat | ₹86,560 | ₹86,660 | ₹86,660 | ₹86,510 | ₹86,510 |
These prices are indicative and can vary slightly among different jewellers. Factors like making charges, local taxes, and retailer-specific premiums can influence the final price. Always confirm the exact price with your local jeweller before making a purchase.
A detailed breakdown of 24K gold prices per gram, 8 grams, 10 grams, and 100 grams is shown below:
| Gram | 24K Gold Price | Daily Price Change |
|---|---|---|
| 1 gram | ₹ 8,470 | ₹ 0 |
| 8 grams | ₹ 67,760 | ₹ 0 |
| 10 grams | ₹ 84,700 | ₹ 0 |
| 100 grams | ₹ 8,47,000 | ₹ 0 |
Similar information for 22K gold is provided in the following table:
| Gram | 22K Gold Price | Daily Price Change |
|---|---|---|
| 1 gram | ₹ 7,758 | ₹ 0 |
| 8 grams | ₹ 62,064 | ₹ 0 |
| 10 grams | ₹ 77,580 | ₹ 0 |
| 100 grams | ₹ 7,75,800 | ₹ 0 |
To understand the historical trend of gold prices, a 15-day gold rate chart for both 24K and 22K gold, along with the percentage change, is helpful.
| Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
|---|---|---|---|
| 09 February 2025 | ₹ 84,700 | ₹ 77,580 | 0% |
| 08 February 2025 | ₹ 84,700 | ₹ 77,580 | 0% |
| 07 February 2025 | ₹ 84,700 | ₹ 77,580 | +0.09% |
| 06 February 2025 | ₹ 84,610 | ₹ 77,510 | -0.05% |
| 05 February 2025 | ₹ 84,660 | ₹ 77,550 | +1.99% |
| 04 February 2025 | ₹ 83,010 | ₹ 76,040 | +0.37% |
| 03 February 2025 | ₹ 82,700 | ₹ 75,760 | +0.76% |
| 02 February 2025 | ₹ 82,090 | ₹ 75,190 | 0% |
| 01 February 2025 | ₹ 82,090 | ₹ 75,190 | 0% |
| 31 January 2025 | ₹ 82,090 | ₹ 75,190 | +0.97% |
| 30 January 2025 | ₹ 81,300 | ₹ 74,470 | +0.40% |
| 29 January 2025 | ₹ 80,980 | ₹ 74,170 | +0.82% |
| 28 January 2025 | ₹ 80,310 | ₹ 73,570 | -0.10% |
| 27 January 2025 | ₹ 80,400 | ₹ 73,640 | +0.05% |
| 26 January 2025 | ₹ 80,350 | ₹ 73,600 | 0% |
Gold prices are influenced by a complex interplay of factors. Demand and supply dynamics, inflation, interest rates, government reserves, currency fluctuations, geopolitical events, and even seasonal factors like monsoon rainfall can impact gold prices.
Understanding these influencing factors can help investors and buyers make more strategic decisions.
A key comparison table highlighting the differences between 24K and 22K gold is essential for potential buyers:
| 24 Carat Gold | 22 Carat Gold |
|---|---|
| It is the purest form of gold and contains 99.5% of the precious yellow metal. | It has 91.6% parts of pure gold. The rest is made up of metals such as silver, copper, or others. |
| It is quite soft, pliable, brittle, and bendable. | It has a hard texture and thus cannot be easily moulded or bent. |
| It is mostly used in medical and electrical equipment including computers, phones, and more. | It is relatively inexpensive due to a lesser percentage of pure gold. |
| This is the most expensive form of gold. | It is mostly used for making jewellery, bars, bullion, and coins. |
| It is bright yellow in colour. | It is usually tainted due to the presence of other metals. |
Investing in gold can take various forms, including physical gold (jewellery, coins, bars), Gold ETFs (Exchange Traded Funds), and Sovereign Gold Bonds. Each option has its own set of advantages and disadvantages regarding storage, interest earned, and tax implications. Consider your individual financial goals and risk tolerance before choosing an investment avenue.