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Gold Price in India – November 30, 2024
Gold has long been a preferred choice of investment in India, owing to its historical role as a hedge against inflation. Today, on November 30, 2024, the price of gold remains significant, with fluctuations across various karat types. The rate for 22-carat gold per gram stands at ₹7,150, while 24-carat gold, also known as 999 gold, is priced at ₹7,800 per gram. Additionally, the price for 18-carat gold is ₹5,850 per gram. These prices are reflective of both global market conditions and domestic demand, which often sees an uptick during festival seasons and wedding seasons in India.
Current Gold Prices in India (Per Gram)
- 22-carat gold: ₹7,150
- 24-carat gold: ₹7,800
- 18-carat gold: ₹5,850
Gold prices in India are regularly updated based on fluctuations in the global gold market, as well as local demand, which is particularly strong during the festive period and wedding seasons. Today’s gold price shows slight variations when compared to the previous day, with a small drop of ₹10 per gram for 22-carat gold and ₹11 for 24-carat gold. The price of 18-carat gold has also decreased marginally by ₹8.
Detailed Gold Price Breakdown
Here is a more detailed look at how gold prices are trending for 22-carat, 24-carat, and 18-carat gold in India:
22-Carat Gold Price Today
- 1 gram: ₹7,150 (decrease of ₹10 from yesterday)
- 8 grams: ₹57,200 (decrease of ₹80 from yesterday)
- 10 grams: ₹71,500 (decrease of ₹100 from yesterday)
- 100 grams: ₹7,15,000 (decrease of ₹1,000 from yesterday)
24-Carat Gold Price Today
- 1 gram: ₹7,800 (decrease of ₹11 from yesterday)
- 8 grams: ₹62,400 (decrease of ₹88 from yesterday)
- 10 grams: ₹78,000 (decrease of ₹110 from yesterday)
- 100 grams: ₹7,80,000 (decrease of ₹1,100 from yesterday)
18-Carat Gold Price Today
- 1 gram: ₹5,850 (decrease of ₹8 from yesterday)
- 8 grams: ₹46,800 (decrease of ₹64 from yesterday)
- 10 grams: ₹58,500 (decrease of ₹80 from yesterday)
- 100 grams: ₹5,85,000 (decrease of ₹800 from yesterday)
Note: The above prices do not include GST, TCS, and other levies. Prices vary depending on local jewellers, so it’s always recommended to check with the jeweller for exact rates.
Gold Prices in Major Indian Cities
Gold prices in India can also differ from one city to another due to regional demand and market conditions. Below are the current gold prices for 22-carat, 24-carat, and 18-carat gold in major cities across India:
| City | 22K Gold (Per Gram) | 24K Gold (Per Gram) | 18K Gold (Per Gram) |
|---|---|---|---|
| Chennai | ₹7,150 | ₹7,800 | ₹5,910 |
| Mumbai | ₹7,150 | ₹7,800 | ₹5,850 |
| Delhi | ₹7,165 | ₹7,815 | ₹5,862 |
| Kolkata | ₹7,150 | ₹7,800 | ₹5,850 |
| Bangalore | ₹7,150 | ₹7,800 | ₹5,850 |
| Hyderabad | ₹7,150 | ₹7,800 | ₹5,850 |
| Kerala | ₹7,150 | ₹7,800 | ₹5,850 |
| Pune | ₹7,150 | ₹7,800 | ₹5,850 |
| Vadodara | ₹7,155 | ₹7,805 | ₹5,854 |
| Ahmedabad | ₹7,155 | ₹7,805 | ₹5,854 |
As we can see, gold prices for 22-carat and 24-carat gold remain consistent across most of the major cities. However, small fluctuations in the price per gram can be observed based on local taxes and the jeweller’s pricing.
The Role of Gold in India
Gold has a deep-rooted significance in India, both culturally and economically. It is seen not only as an investment but also as a symbol of wealth and prosperity. During festivals such as Diwali, Dhanteras, and Akshaya Tritiya, demand for gold spikes, which can push up prices temporarily. The wedding season is another major factor that drives gold demand, with millions of marriages taking place every year in India.
Investors view gold as a safe haven, especially during times of economic uncertainty. Over the years, gold has been a reliable investment, maintaining its value against inflation. This has led many to diversify their portfolios by adding gold as an asset class, alongside other investments such as stocks, bonds, and real estate.
Silver Prices and Other Precious Metals
While gold takes the spotlight, other precious metals like silver and platinum also hold significant value in the Indian market. Silver prices today stand at ₹91,500 per kilogram, while platinum is priced at ₹47,800 per gram. These metals, although not as commonly purchased as gold, still see steady demand in India, particularly among investors looking to hedge against market fluctuations.
Conclusion
In conclusion, the price of gold today reflects the ongoing economic and market trends both globally and locally. Whether you’re looking to buy gold for investment purposes or as a traditional gift for weddings and festivals, it’s important to keep track of gold prices. Always consult local jewellers for the most accurate pricing, as these can vary from city to city based on regional demand, taxes, and charges. With gold continuing
For more information visit : Reserve Bank of India Official Site
