Gold Rate Today

In India primary demand for gold is for use as jewellery, the second thing used as investments. Unlike China, the next highest consumer of gold in the world, whose primary demand for gold is for industrial purposes, but India’s industrial usage of gold is very less. India uses gold primarily in the form of jewelry and investments. Whenever you tend to purchase gold always check for gold rate today and buy only the BIS hallmark jewellery.

Domestic production of gold in India is also going but very limited. India economy relies heavily on gold imports every year. Currently, the Kolar mines in Karnataka are the only operational and working mines in India. Gold is considered safe for investment. Its also called any time money.

Today gold rate in India change on a daily basis, with a number of factors which impacting their price in a given day. Demand and supply, global market conditions and currency fluctuations (dollar rates) are some of the most critical factors which go into determining the rate of gold in a country, with prices changing every day.

Today Gold Rate in India

Update - 2019.06.07
Date1 Gram 22K Gold rate today1 Gram 24K Gold rate today
10/June/2019Gold rate on 10 june 2019 is yet to updateGold rate on 10 june 2019 is yet to update
9/June/2019Gold rate on 9 june 2019 is yet to updateGold rate on 9 june 2019 is yet to update
8/June/20193116.00-Rs3254.00-Rs
7/June/20193116.00-Rs3294.00-Rs
6/June/20193016.00-Rs3294.00-Rs
5/June/20193076.00-Rs3254.00-Rs
4/June/20193076.00-Rs3254.00-Rs
3/June/20193062.00-Rs3240.00-Rs
2/June/20193062.00-Rs3240.00-Rs
1/June/20193062.00-Rs3240.00-Rs

 

Why Gold Rate is Different in Cities of India?

Gold rates vary across different cities in India. Reasons are:

  1. Tax: Taxes differ from state to state. Some states have higher taxes and some may have low taxes. This is one of the reasons why gold is more expensive? in some cities than others.
  2. Demand: Growing of Indian population sizes and varying demographics, creates demand for gold. Discounts are usually offered on larger volumes. Gold prices in cities like Mumbai are lower.
  3. Shipment: India imports bulk gold by sea. Gold prices at port cities e.g. Chennai are lower than those in interior cities e.g. Delhi because of the absence of inland transport charges.
  4. Local associations: Cities have their own local gold associations which have a say in setting the prices. This will also account for differences in gold prices between cities.

Also, check for Todays gold price in India Cities

Gold price today in Indian cities22K Gold price for 1 Gram24K Gold price for 1 GramNotes
Todays Gold Rate In Bangalore₹ 3,261₹ 3,277Highest price on this month in Banglore market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Hyderabad
₹ 3,006₹ 3,156Highest price on this month in Hyderabad market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Chennai₹ 3,006₹ 3,156Highest price on this month in Chennai market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Delhi
₹ 3,080₹ 3,234Highest price on this month in Delhi market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Kolkata
₹ 3,112₹ 3,268Highest price on this month in Kolkata marketRs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Mumbai
₹ 3,100₹ 3,255Highest price on this month in Mumbai market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Bhopal
₹ 3,100₹ 3,255Highest price on this month in Bhopal market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Bhubaneswar
₹ 3,103₹ 3,258Highest price on this month in Bhubaneswar market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Chandigarh
₹ 3,070₹ 3,224Highest price on this month in Chandigarh market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Dehradun
₹ 3,070₹ 3,224Highest price on this month in Dehradun market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Jaipur
₹ 3,102₹ 3,257Highest price on this month in Jaipur market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Lucknow
₹ 3,070₹ 3,224Highest price on this month in Lucknow market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Panaji
₹ 2,955₹ 3,103Highest price on this month in Panaji market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Patna
₹ 3,112₹ 3,268Highest price on this month in Banglore market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Raipur
₹ 3,100₹ 3,255Highest price on this month in Raipur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Ranchi
₹ 3,103₹ 3,258Highest price on this month in Ranchi market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Shimla
₹ 3,070₹ 3,224Highest price on this month in Shimla market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Srinagar
₹ 3,070₹ 3,224Highest price on this month in Srinagar market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Trivandrum
₹ 2,945₹ 3,092Highest price on this month in Trivandrum market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Ahmedabad
₹ 3,092₹ 3,247Highest price on this month in Ahmedabad market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Agra
₹ 3,070₹ 3,224Highest price on this month in Agra market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Allahabad₹ 3,070₹ 3,224Highest price on this month in Allahabad market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Aurangabad
₹ 3,100₹ 3,255Highest price on this month in Aurangabad market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Belgaum
₹ 2,955₹ 3,103Highest price on this month in Belgaum market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Coimbatore
₹ 3,103₹ 3,258Highest price on this month in Coimbatore market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Erode
₹ 3,036₹ 3,188Highest price on this month in Erode market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Gulbarga
₹ 2,955₹ 3,103Highest price on this month in Gulbarga market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Guntur
₹ 3,036₹ 3,188Highest price on this month in Guntur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Gurgaon
₹ 3,070₹ 3,224Highest price on this month in Gurgaon market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Guwahati
₹ 3,103₹ 3,258Highest price on this month in Guwahati is market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Indore
₹ 3,100₹ 3,255Highest price on this month in Indore market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Jalgaon
₹ 3,100₹ 3,255Highest price on this month in Jalgaon market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Jammu
₹ 3,070₹ 3,224Highest price on this month in Jammu market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Jamshedpur
₹ 3,103₹ 3,258Highest price on this month in Jamshedpur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Kakinada
₹ 3,036₹ 3,188Highest price on this month in Kakinada market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Kannur
₹ 2,945₹ 3,092Highest price on this month in Kannur market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Kanpur
₹ 3,070₹ 3,224Highest price on this month in Kanpur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Kochi
₹ 2,945₹ 3,092Highest price on this month in Kochi market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Kolhapur
₹ 3,100₹ 3,255Highest price on this month in Kolhapur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Kozhikode
₹ 2,945₹ 3,092Highest price on this month in Kozhikode market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Ludhiana
₹ 3,070₹ 3,224Highest price on this month in Ludhiana market Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Madurai
₹ 3,036₹ 3,188Highest price on this month in Madurai market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Malappuram
₹ 2,945₹ 3,092Highest price on this month in Malappuram market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Mangalore
₹ 2,955₹ 3,103Highest price on this month in Mangalore market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Mysore
₹ 2,955₹ 3,103Highest price on this month in Mysore market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Nagercoil
₹ 3,036₹ 3,188Highest price on this month in Nagercoil market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Nagpur
₹ 3,100₹ 3,255Highest price on this month in Nagpur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Nashik
₹ 3,100₹ 3,255Highest price on this month in Nashik market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Nellore
₹ 3,036₹ 3,188Highest price on this month in Nellore market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Pondicherry
Highest price on this month in Pondicherry market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Proddatur
Highest price on this month in Proddatur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Pune
Highest price on this month in Pune market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Rajahmundry
Highest price on this month in Rajahmundry market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Rajkot
Highest price on this month in Rajkot market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Salem
Highest price on this month in Salem market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Sangli
Highest price on this month in Sangli market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Solapur
Highest price on this month in Solapur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Surat
Highest price on this month in Surat market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Thane
Highest price on this month in Thane market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Thanjavur
Highest price on this month in Thanjavur market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Tirunelveli
Highest price on this month in Tirunelveli market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Trichy
Highest price on this month in Trichy market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Udupi
Highest price on this month in Udupi market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Vadodara
Highest price on this month in Vadodara market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Varanasi
Highest price on this month in Varanasi market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Vellore
Highest price on this month in Vellore market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Vijayawada
Highest price on this month in Vijayawada market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Visakhapatnam
Highest price on this month in Visakhapatnam market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June
Todays Gold Rate In Warangal
Highest price on this month in Warangal market is Rs.3,261 per gram on 7 June
Lowest price on this month Rs.3,015 per gram on 3 June

When is the right time to buy gold in India? and where to buy cheap gold in India?

There is no such a thing called the right time to buy gold, Normally in jewellery shops, there are two rates one is morning and the evening rate is higher, so always try to purchase Gold in the morning. So, in order to make the most of your investment, try to invest in the metal during the off-season i.e., and buy before 10th of every month and when no major festivals aren’t around. This is because major festivals bring about an influx of buyers which will push gold prices higher.

 

Why is Gold is costly?

Gold is considered valuable for many reasons, mainly

  1. Value: It is considered as a precious metal, the symbol of wealth and also denotes Goddess Lakshmi. Although gold prices fluctuate and increase every month by its value. For this reason, people tend to invest more and hold on to gold for a long period of time. Gold tends to not be affected by geopolitical or economic turmoil. It is valuable during emergencies, can turn to cash within minutes.
  2. Industrial uses: Gold is used in certain manufacturing processes, Heard that China is leading gold consumer in the manufacturing industry. Although not comparable to retail consumption, many countries use gold for production purposes.
  3. Versatile metal: Gold is available in many useful forms like Jewellery or Biscuits or coins making it a versatile investment. It is popularly used as jewellery and other gift items and held in the form of coins, bars or bullion. Also, Tamilnadu famous Tanjore Paintings is made from 22ct gold foils.
  4. Gold reserves: Gold is maintained as reserves to back paper currencies by many countries. These paper currencies attain their values based on the value of the gold reserves that back them.
  5. Limited supply: The amount of gold that can be mined and produced in the world is limited. Due to this, gold attains more value as an irreplaceable asset.
  6. Tradition: Gold has traditionally been used for financial transactions. Also believed symbol of status, has passed down through the ages and prevails even today.

Why gold price is increasing in India?

Gold rate in the country tend to change on a regular basis, with various factors. The recent trends could highlight the reason for such changes. Some of the most common factors that impact gold rates in India are mentioned below.

  • Supply and Demand – Gold rate increase when the demand exceeds supply. Gold, being a natural resource is available in limited quantities, and each time the supply reduces there is an increase in gold rate.
  • International relations – International trends have a deep impact on gold rate in India, primarily due to the fact that India primarily depends on imports to meet the local demand. Any changes in international relations could cause a change in the local gold rate.
  • US dollar – The US dollar plays a key role in determining the international gold rate and one country’s economy. A strong dollar results in poor gold performance and vice versa, resulting in costlier gold each time the dollar underperforms.
  • Market conditions – Gold is inversely proportional to market performance, with prices going up each time there is pressure on markets.
  • Government taxes and duties – The government imposes taxes and duties on a number of commodities, including gold. For jewellery purchase in shops, there will be 3% GST on your purchase. Any increase in these taxes automatically increases gold rate.

There is a recent increase in gold prices due to improved performance on the international front. The US Federal Policy rate change had a huge impact on prices.

 

Gold Weight Conversion Table

To convert fromToMultiply by
TonnesTroy ounces32150.7
Troy ouncesGrains480
KilogramsTolas85.755
KilogramsBahts68.41
KilogramsTroy ounces32.1507
Troy ouncesGrams31.1035
Million ouncesTonnes31.1035
KilogramsTaels26.7172
Troy ouncesPennyweights20
Troy ouncesAvoirdupois ounces1.09714
Avoirdupois ouncesTroy ounces0.911458
Short tonneMetric tonne0.9072
GramsTroy ounces0.0321507

How much is an Ounce of Gold Worth Today?

An ounce is also known as a troy ounce. It is a measure of gold which is equivalent to 31.1035 gms of gold. 8 grams of gold is equal to 1 pound (1 pavan in Tamil). Since the gold rate change on a daily basis and it varies from one location to the other, the rate of an ounce of gold varies each place.For ex, if the gold price for today is Rupees 3,100 per gram, then, an ounce of gold will be worth Rupees 3,100 multiplied by 31.1035 which is Rs. 96,420.84. Although an ounce of gold’s worth can be slightly different, it will be dependent on the changes in the price of gold.

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