Gold Rates Today – Investment in Gold has been considered as a dead investment for a long time but in our view, gold proved itself the best hedge against inflation & profitable during odds in the Stock Market. Nifty Outlook is providing here the Gold Rates Today in India to our traders & readers for informational purposes only.
The Gold Prices published here are obtained from the reputed resources like IJBA and established Jewellers in the country.
Gold Rates India published below is per gram Gold rates in Indian Rupees. You can find the latest gold rate in India (MCX) for 24 karat gold, given in Rs per 10gm.
Gold Rate Today (per 10 Gram)
|Gold Rate Per Tola||Rs. 40,660/-|
Gold Rates Today in India
Indians are the dominators in the gold’s consumer list. The yellow metal is contributing a large portion of India’s imports. We Indians buy the gold because of its considered one of the safest investments.
As we all know in India Gold has a sentimental issue with the Price of Gold. The shining yellow metal is considered a symbol of pride and wealth. Gold Rates Today in India is derived from the price of Gold all over the country.
Historical Price of Gold Rate
The Gold rates are published above are Per 10 Gram, if you want to know the Gold Rates Today in Kg then you can do it manually by multiplying with it 100.
The below table shows the Historical Gold Rates also. This table contains the average annual price for gold from 1964 to the present. The Gold Rate shown in the table below is for 24 Karat per 10 grams.
|Year||Price (24 karats per 10 grams)||Year||Price (24 karats per 10 grams)|
|1964||Rs. 63.25||1992||Rs. 4,334.00|
|1965||Rs. 71.75||1993||Rs. 4,140.00|
|1966||Rs. 83.75||1994||Rs. 4,598.00|
|1967||Rs. 102.50||1995||Rs. 4,680.00|
|1968||Rs. 162.00||1996||Rs. 5,160.00|
|1969||Rs. 176.00||1997||Rs. 4,725.00|
|1970||Rs. 184.00||1998||Rs. 4,045.00|
|1971||Rs. 193.00||1999||Rs. 4,234.00|
|1972||Rs. 202.00||2000||Rs. 4,400.00|
|1973||Rs. 278.50||2001||Rs. 4,300.00|
|1974||Rs. 506.00||2002||Rs. 4,990.00|
|1975||Rs. 540.00||2003||Rs. 5,600.00|
|1976||Rs. 432.00||2004||Rs. 5,850.00|
|1977||Rs. 486.00||2005||Rs. 7,000.00|
|1978||Rs. 685.00||2006||Rs. 8,400.00|
|1979||Rs. 937.00||2007||Rs. 10,800.00|
|1980||Rs. 1,330.00||2008||Rs. 12,500.00|
|1981||Rs. 1,800.00||2009||Rs. 14,500.00|
|1982||Rs. 1,645.00||2010||Rs. 18,500.00|
|1983||Rs. 1,800.00||2011||Rs. 26,400.00|
|1984||Rs. 1,970.00||2012||Rs. 31,050.00|
|1985||Rs. 2,130.00||2013||Rs. 29,600.00|
The trend of Gold Rates of Today
Gold has been considered one of the best investment instruments in India even it is called dead investment by some of the investors. The demand for gold in India rising day by day because it is considered the symbol of pride and prestige in India thus the Rates of Gold are rising. You can get Gold Rates on this page daily.
The trend of Gold Prices may change due to fluctuations in the market and other conditions. Gold has given 400 times return in the last 55 Years (since 1965) and the Price of Gold rose from Rs 71/- per 10 gram to nearly Rs 40,000/- per 10 gram in Nov 2019.
How the HallMark Gold Rates in India are defined?
First of all, you need to know the difference between the HallMarked Gold and Normal Gold. There is not much difference between the gold but Hall Marked Gold gives you the guarantee of purity but normal gold doesn’t. Hallmarking is a process to give a guarantee of purity to customers.
In fact, there is no difference between the Hallmarked Gold Rate and Normal Gold Rate. If someone is asking more price for Hall Marked Gold that is not right.
So, after all there no difference in Hallmarked Gold Rates Today in India.
24 Karat Gold Rates Today
Basically, Karat reflects the purity of Gold, here 24 Karat Gold (24 K) is generally considered pure gold. Making the ornaments with the 24 Karat Gold, aka pure gold is almost impossible because of its soft nature. So, jewelers used to make ornaments with the some kind of mix of gold and alloys. The price of 24 Karat Gold Rate Today is on higher-end in comparison with other Karat golds.
22 Karat Gold Rate Today
22 Karat Gold is not pure gold and it is mostly used in making of ornaments. The 22 K Gold (22 Karat) is made of 91.7% of Gold and rest is alloy. It is hard in nature with compare to 24 K Gold because it has some hard metal alloys in it. That is why it is widely used in ornaments making. 22 Karat Gold Rates Today in India used to be on the lower side compared to the 24 Karat Gold because it is not pure.
Gold as a Safe Investment
As I mentioned above that investing in Gold is considered one of the Safest Investment in India. Since 1965, Gold has given the returns for more than 400 times. Gold has grown from Rs. 71/- per 10 gram to Rs 40,000/- per 10 gram in the last quarter of 2019.
Gold has proved it the Safe Investment because irrespective of big market crashes it holds its value. Another reason for considering Gold as a Safe Investment is its liquidity. Because Gold can b sold any time and any conditions.
Auspicious Days to Buy Gold in India
Gold is considered one of the precious metals in the world and in India as well. In India, gold is not only considered as precious metal or asset but it is also widely used in jewelry.
In the old days, Gold was considered as the symbol of prosperity and pride but now gold is considered one of the Best Investment Options in India.
India, being a multi-cultural country, peoples from different states or regions considered different day auspicious to buy the Gold and list goes here:
- Pushya Nakshatra ( dates are mentioned below)
- Makar Sankranti – 15th January 2020
- Ugadi or Gudi Padwa – 25th March 2020
- Akshaya Tritiya – 26 April 2020
- Navratri – 17 October 2020 to 25 October 2020
- Dussehra – 25 October 2020
- Diwali/Dhanteras – 13 and 14 November 2020
- Balipratipada – 15 November 2020
Pushya Nakshatra – Here is a list of days when Pushya Nakshatra will be celebrated in 2020 – 2021:
|12 January 2020||21 July 2020|
|8 February 2020||17 August 2020|
|6 and 7 March 2020||14 September 2020|
|3 April 2020||11 October 2020|
|30 April 2020||7 and 8 November 2020|
|28 May 2020||5 December 2020|
|24 June 2020||1 January 2021|
Disclaimer – The gold rates today are sourced from India Bullion & Jewellers Association and also from local jewelers in the respective cities. There may be variations in the price of Gold. Nifty Outlook has made every effort to ensure the accuracy of information provided; however, NiftyOutlook, its authors do not guarantee such accuracy of the Gold Rate of Today published here. The Gold Prices are for informational purposes only and cannot be considered as accurate to make any investment or purchase decision. Nifty Outlook & its authors can not be held responsible for losses and/or damages occurring based on gold information provided here.
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