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Gold Price in India – 27th August 2024
Gold has always held a special place in the hearts of investors and consumers alike. As a traditional store of value and a hedge against inflation, gold continues to be a popular investment choice. On 27th August 2024, the gold prices in India reflect a modest change from previous days, continuing to show the metal’s stability in uncertain economic times. Here’s a detailed look at the gold prices across various karatages and major cities in India.
Current Gold Prices
As of today, the gold prices in India are as follows:
| Gold Karat | Price per Gram (INR) | Change |
|---|---|---|
| 22K Gold | ₹6,694 | -1 |
| 24K Gold | ₹7,303 | -1 |
| 18K Gold | ₹5,477 | -1 |
Detailed Price Analysis
22 Karat Gold
- Per Gram: ₹6,694
- Change from Yesterday: -₹1
For those interested in buying 22 karat gold today, the price is ₹6,694 per gram. This reflects a slight decrease of ₹1 from yesterday’s price of ₹6,695. The price trend is generally stable, though minor fluctuations are common.
Price Breakdown:
- 1 Gram: ₹6,694
- 8 Grams: ₹53,552
- 10 Grams: ₹66,940
- 100 Grams: ₹6,69,400
24 Karat Gold
- Per Gram: ₹7,303
- Change from Yesterday: -₹1
24 karat gold, also known as 999 gold, is priced at ₹7,303 per gram today. This shows a decrease of ₹1 from yesterday’s rate of ₹7,304. This type of gold is the purest form and is often preferred for investment purposes.
Price Breakdown:
- 1 Gram: ₹7,303
- 8 Grams: ₹58,424
- 10 Grams: ₹73,030
- 100 Grams: ₹7,30,300
18 Karat Gold
- Per Gram: ₹5,477
- Change from Yesterday: -₹1
The price of 18 karat gold stands at ₹5,477 per gram, which is ₹1 lower than yesterday’s price of ₹5,478. This type of gold is commonly used in jewelry making due to its balance between purity and durability.
Price Breakdown:
- 1 Gram: ₹5,477
- 8 Grams: ₹43,816
- 10 Grams: ₹54,770
- 100 Grams: ₹5,47,700
Gold Prices in Major Indian Cities
Gold prices can vary slightly across different cities due to local taxes and levies. Here is a snapshot of gold rates in major Indian cities:
| City | 22K Gold (Per Gram) | 24K Gold (Per Gram) | 18K Gold (Per Gram) |
|---|---|---|---|
| Chennai | ₹6,694 | ₹7,303 | ₹5,477 |
| Mumbai | ₹6,694 | ₹7,303 | ₹5,477 |
| Delhi | ₹6,709 | ₹7,318 | ₹5,489 |
| Kolkata | ₹6,694 | ₹7,303 | ₹5,477 |
| Bangalore | ₹6,694 | ₹7,303 | ₹5,477 |
| Hyderabad | ₹6,694 | ₹7,303 | ₹5,477 |
| Kerala | ₹6,694 | ₹7,303 | ₹5,477 |
| Pune | ₹6,694 | ₹7,303 | ₹5,477 |
| Vadodara | ₹6,699 | ₹7,308 | ₹5,481 |
| Ahmedabad | ₹6,699 | ₹7,308 | ₹5,481 |
Additional Notes
The gold rates mentioned above are indicative and do not include GST, TCS, and other levies. For the exact rates, it is advisable to contact local jewellers. Gold prices fluctuate due to various factors including global economic conditions, currency fluctuations, and changes in demand and supply.
Investors and consumers looking to purchase gold should consider these factors and stay informed about market trends. Gold remains a secure investment option and a cherished commodity for many, reflecting its enduring value in an ever-changing financial landscape.
Conclusion
As of 27th August 2024, gold prices in India show a slight decrease, continuing the trend of modest fluctuations. Whether you are looking to invest or purchase gold for personal use, keeping track of these prices will help you make informed decisions. For the most accurate and up-to-date information, always refer to reputable jewellers and market sources.
Read more at India Bullion and Jewellers Association (IBJA) – Gold Price Updates:
IBJA Gold Prices for detailed updates and insights.
