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Today Gold Price in India

Today Gold Price in India

In India, there is a sentimental value associated with gold. The yellow metal symbolizes prosperity and wealth. Gold jewellery is so dear to Indian women that they can’t enough of it. Since gold is an important part of auspicious celebrations, the sale of gold increases drastically around Diwali. Gold rate changes every day; if you want to buy gold, simply type today gold rate in google search box and conduct a Google search. Keeping up with the current gold rate is a must if you wish to hit the el dorado.

Gold ornaments are quite popular in our country. The shopping for Indian weddings is incomplete without gold. The best thing about gold is that it can be easily sold in case there is a financial crunch.

While gold fascinates Indian women, it attracts investors as well. For investment purposes, investors buy gold coins, gold bars, gold ETFs etc. Investment experts recommend not buying gold jewellery for investment purposes. It is because when gold jewellery is purchased; it attracts additional charges in the form of making charges.

Today gold price is affected by various factors such as demand and supply, market scenarios across the globe and the strength of US dollar etc. Additionally, the price of gold differs in various cities across India as well. Various factors such as taxes, demand, carriage, loc

The Glittering Gold of India

India's Inclination Towards Gold

India has a long standing affinity to gold. It is the metal of the gods, and gods of the metals! It is the indication of the long lasting and evergreen heritage of this traditional country. Anything made of gold is regarded infinitely precious and hence, commands respect.

The heavier the gold, the more prestigious the status is thought to be. Most of the women in India prefer gold to diamonds, and the gold market in India is always loaded with fresh and vivid designs. Also, in comparison to diamond, the current gold rate is lesser, and hence, more bought.

Buying Gold in India

Buying gold in India is pretty easy in the sense that you can find genuine gold jewellery shops almost everywhere. From large franchise to smaller shops, gold is everywhere. You can get the standard 22 carats gold, the intermediate 23 carats gold, as well as the pure 24 carats gold, in this golden country. However, before heading to the nearest jeweller’s, do search for Gold Rate Today or Today gold rate on Google for the latest price of gold.

What Do You Buy?

This is entirely your choice. Gold rings, earrings and necklaces, there is plethora of options available. From heavy and gorgeous ones to light and simple ones, you can buy anything made of gold, if you budget allows you to do so.


Common Factors that Determine Gold Prices in India

For ages, the Indian population has had a fascination for gold. It is the most cherished metal, and it is flaunted in the form of jewellery at every occasion. The gold rate today in India is not standard. The gold price oscillates based on fluctuations in the market.

There are several factors that influence the gold price today in India. The top most reason is the geo-political distress in and around the country. When the Presidential elections were held in the United States, the price of gold initially rallied sharply and then fell again. It was because the investors became aware of the fact that equity shares were performing better. Later on, it became crystal clear that the newly elected President's policies might be volatile, due to that, gold prices hiked again.

There are several factors that might continue to keep the current gold rates volatile this year.

Also, the performance of a currency is also a big determinant of the price of gold today. In this regard, the most important currency is the USD. If the USD climbs up, gold rates are likely to move down worldwide. A lot is at stake due to Indian currency as well. It specifically relates to gold rates in India. You should keep a tab on current gold rate in India. Domestically, when rupee is stronger, gold prices are lower.

Global Changes in Gold Prices

The price of gold in India is predominantly dependent on the global prices of the metal. Most of the gold in the Indian markets in imported. When there is a change in the global rate of gold, the import values are altered accordingly. The market price of gold in India is a direct reflection of the import prices.
The Gold Reserve Measure

Almost all nations have their central banks. These governing banks of major countries hold back the metal along with currencies for future use. The Reserve Bank does this too. When these banks all over the world acquire more gold for reservation, it leads to a rise in the rate of gold.
An Overall Demand

There are specific reasons for a rise in consumer demand for gold. In India, it is the wedding season or festivities. When the demand is more, there is an imbalance in the demand-supply ratio. This leads to a rise in the gold prices.

Apart from the above-mentioned reasons several other determinants influence the current gold rate in India. At any given point of time, the gold price today will also depend on the interest rates of certain financial services and products. No matter the price, the yellow metal has remained precious over the years and will continue that way irrespective of the oscillating prices.


There isn’t any difference between hallmarked gold rate today and normal gold rate. Any gold seller doesn’t charge extra money if you buy hallmarked gold. The rate at which the hallmarked gold and the normal gold are sold is the same. The sole and most important difference is that you are ensured of purity when you buy hallmarked gold.

The important thing to keep in mind is that hallmarked gold price in India does not differ when it comes to the pricing. The difference lies in the quality of the metal used. When you buy gold, buy good quality gold. It is good to buy the hallmarked gold as it ensures the quality. Many investors have raised their opinions on the less number of hallmarking centres available in our country. This is an important issue that needs to be addressed by our government so that number of hallmarking centres can be increased. This will be of great help to the consumers across India.
How is the Per-Gram Today Gold Price in India Arrived at?

The gold price today in India is determined by the following factors:

Currency - When the rupee slips against the dollar, India gold rate rises up.

International Factors - These factors include slowdown of the global economic development, volatile policies, dollar becoming stronger against different currencies etc.

Global Demand for Gold
- Global demand for gold plays a crucial role in determining the price of gold in India. In case the demand is robust, the prices would rise and vice-versa.

Interest Rates - The rate of interest is a crucial factor that affects the gold rates in India. When the rate of interest in countries such as America increases, current gold rate in India falls and when it falls, the gold rates increase.

Government Policies - There are times when the government discourages the purchase of gold. For instance- when the gold prices are high, the government discourages any investments in gold. It is done in order to make sure that there isn’t any problem with the deficit.

Prices - High price of gold discourage the consumption in our country. Off late, the price of gold in India has increased.

How is 22-Karat Gold Price in India Determined and Who Imports it?

Now, India doesn’t mine gold. Places such as Kolar in Karnataka once used to be gold mines and now are closed. India imports approximately all of its required gold requirements. The imported gold rate is used to determine the 22-karat gold rate in India. Gold importers, such as government banks, private banks, and many private companies etc. fix the wholesale gold prices in India.

When gold is imported in India, the importers add import duties, VAT etc., and then they sell it to the wholesalers, who retail it to the retailers across India. The price of gold is decided by the bullion association. Gold prices don’t change often during the day.

Impacts of QE on Gold Price Today in India

Quantitative easing is widely known as QE. It is another component that impacts gold rates in India. In quantitative easing, there is money supply in the economy for enhancing the consumption. Global central banks buy securities which lead to the extra money supply in the economy. This extra money supply finds a way into global gold investments, which pushes the prices of the metal higher.

An increase in the QE affects the gold rate today in India, which affects all the form of gold inclusive of the popular 916 gold rates in India. Off late, QE happening around the world is not that much. The US is done with its QE phase and there is some kind of easing happening in the countries such as Japan along with the Europe through the various central banks.

At present, it seems very unlikely there will be QE in that country. When the world economy will face any liquidity issues, gold rates could fall in the trade. Along with QE, there are some other components that lead to gold rallying. The withdrawal of QE will bring a fall in the gold prices. The US is now winding down its QE; there could be chances that gold rates in India could be impacted.

Demand for Gold in India Goes Up 15% in 2017

The demand for gold in India has increased by 15% in the initial quarter of the financial year to 123.5 tonnes, leaving a sign of hope for positive return. If we compared with the last year, the total gold demand stood for 107.3 tonnes, owing to the jewellers' strike over excise duty introduction. As per World Gold Council estimation, gold demand increased by 18% in the first quarter to Rs. 32, 420 crore, which was just Rs 27,540 crore in Q1 2016. Here’s a sneak peek on how the demand changes over time:

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