Historically, gold has been one of the most preferred investment instruments, especially as a hedge against traditional financial markets. Both new and existing investors like to invest in gold owing to worldwide popularity. Since gold is a limited resource, its value will remain high over time, but prices do tend to fluctuate.
Gold is a treasured commodity across the world, but it has a special appeal in India. From weddings to festivals, gold is a treasured metal and its ornaments are worn on all occasions. Owing to its long-lasting value and historically being seen as a safe haven during times of distress, gold is also a major investment across the country.
Even though gold rates never fall as low as other commodities, it is important to know their fluctuating market rates to assess your investment. You can choose whether you want to buy or sell gold depending on the rates in the market today. Read on to learn the gold rate today in Delhi.
Gram |
24 Carat Gold Rate Today |
24 Carat Gold Rate Yesterday |
Daily Price Change |
1 Gram |
₹ 7,340 |
₹ 7,318 |
₹ 22 |
10 Gram |
₹ 73,400 |
₹ 73,180 |
₹ 220 |
100 Gram |
₹ 7,34,000 |
₹ 7,31,800 |
₹ 2,200 |
Delhi has one of the largest consumer bases for gold. A lot of people buy physical gold there in the form of coins, bars and even jewellery. Additionally, a lot of investors are also opting to trade with gold as a commodity on the National Spot Exchange (NSEL), National Commodity and Derivatives Exchange (NCDEX) and the Multi Commodity Exchange (MCX). The exchanges enable trading of gold as both spots and future contracts. Gold price in Delhi with fluctuations in the last few days, is shown below:
Date |
STANDARD GOLD 22K |
PURE GOLD 24K |
||
1 Gram |
10 Gram |
1 Gram |
10 Gram |
|
Aug 28, 2024 |
₹ 6,730.00 |
₹ 67,090.00 |
₹ 7,340.00 |
₹ 73,400.00 |
Aug 27, 2024 |
₹ 6,709.00 |
₹ 67,090.00 |
₹ 7,318.00 |
₹ 73,180.00 |
Aug 26, 2024 |
₹ 6,710.00 |
₹ 67,100.00 |
₹ 7,319.00 |
₹ 73,190.00 |
Aug 25, 2024 |
₹ 6,710.00 |
₹ 67,100.00 |
₹ 7,319.00 |
₹ 73,190.00 |
Aug 24, 2024 |
₹ 6,710.00 |
₹ 67,100.00 |
₹ 7,319.00 |
₹ 73,190.00 |
Aug 23, 2024 |
₹ 6,675.00 |
₹ 66,750.00 |
₹ 7,280.00 |
₹ 72,800.00 |
Aug 22, 2024 |
₹ 6,526.00 |
₹ 65,260.00 |
₹ 7,336.00 |
₹ 73,360.00 |
Aug 21, 2024 |
₹ 6,525.00 |
₹ 65,250.00 |
₹ 7,335.00 |
₹ 73,350.00 |
Aug 20, 2024 |
₹ 6,575.00 |
₹ 65,750.00 |
₹ 7,280.00 |
₹ 72,800.00 |
Aug 19, 2024 |
₹ 6,585.00 |
₹ 65,850.00 |
₹ 7,292.00 |
₹ 72,920.00 |
Consumers as well as investors trading in gold are determined to buy gold with only the highest levels of purity. The purity of gold is determined by the Indian Bullion Association, which also decides on the current gold rate in Delhi. Vendors selling gold jewellery and other items are required to display the hallmark of purity on their products. International factors also have a huge role to play in terms of the gold price in Delhi.
Gold has always been considered a stable investment instrument with guaranteed returns over a period of time. However, in order to ensure that you are making the best trade with this precious metal, it is important to check the 24 carat gold price in Delhi today. If you check for a couple of days, it will help you grasp how well the metal is performing in the markets. Make sure to buy when the prices are at their lowest and do not sell until they have risen considerably higher than the price at which you purchased them.
Contrary to other goods, importing gold into the country is not easy, as it is a precious metal. Only certain authorized importers are allowed to bring gold into Delhi. This includes banks, who trade in gold with other dealers and include their margin into the cost so as to recoup the cost of importing the metal. These dealers then sell the gold to goldsmiths and others who work with the gold and make it accessible to consumers in the form of jewellery and ornaments.
Gold rates in Delhi fluctuate for the same reason that gold prices fluctuate everywhere else. Since India is not a gold mining country, prices here are dependent on several international developments. If international gold prices rise, the current gold price in Delhi rises as well. The Central and state government of Delhi may also place additional duty rates or make changes to it, which could also cause prices to fluctuate.
Exchange traded funds (ETFs) and sovereign gold bonds are both amazing investment options for both new and existing investors. Sovereign gold bonds offer a maturity period of 8 years, which makes them a good investment option for the long run. However, ETFs are more ideally suited for those looking for short-term trading.
Now that you know the different reasons that can impact the prices of gold and how its purity can be ascertained, make sure to check for all these when you purchase the gold. Head over to Bajaj Markets for more useful information and begin investing!