Gold Rate Today in India: Latest Prices and Factors Affecting Them

On July 20, 2024, gold prices in India hovered near Rs 74,000 per 10 grams. This rate represents a premium for purer gold. The price of 24-carat, the highest purity, fell to Rs 73,970 per 10 grams amid weak spot demand. For those interested in jewelry, 22-carat gold, known for its added durability due to a slight alloy mix, was priced at Rs 68,800 per 10 grams. Meanwhile, silver’s price stood at Rs 93,150 per kilogram.

Gold Rate Today in Different Cities

Check gold rates today in various cities on July 20, 2024:

City 22 Carat Gold Rate Today (Rs/10 grams) 24 Carat Gold Rate Today (Rs/10 grams)
Delhi 68,950 74,120
Mumbai 68,800 73,970
Ahmedabad 67,850 74,020
Chennai 68,400 74,620
Kolkata 67,800 73,970
Gurugram 67,950 74,120
Lucknow 67,950 74,120
Bengaluru 67,800 73,970
Jaipur 67,950 74,120
Patna 67,850 74,020
Bhubaneshwar 67,800 73,970
Hyderabad 67,800 75,970

Influence of Global Trends on Gold Prices in India

India’s reliance on imported gold largely influences domestic prices, which closely mirror global trends. Additionally, the cultural importance of gold in India, particularly during festivals and weddings, can impact demand levels.

Retail Cost of Gold in India

The retail price of gold in India, reflecting the final cost per unit weight for consumers, is influenced by various factors beyond the metal’s intrinsic value. Gold holds immense cultural importance in India, serving as a major investment and playing a crucial role in traditional weddings and festivals. Amid ongoing market fluctuations, investors and traders closely monitor these dynamics.

Stay tuned for further updates on this evolving story.

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