As of December 18, 2024, gold prices in India continue to remain high, with both investors and jewelry buyers showing strong interest in the precious metal. The price of 24-carat gold, known for its exceptional purity, was quoted at Rs 77,840 per 10 grams. Meanwhile, 22-carat gold, prized for its durability and widespread use in jewelry, was priced at Rs 71,350 per 10 grams.
Gold prices across major cities in India on this date are as follows:
In Delhi, 22-carat gold is priced at Rs 71,500, while 24-carat gold is at Rs 77,990 per 10 grams.
Mumbai sees 22-carat gold priced at Rs 71,350 and 24-carat gold at Rs 77,840.
In Ahmedabad, the price of 22-carat gold is Rs 71,400, with 24-carat gold at Rs 77,890.
Chennai, Kolkata, Pune, and Hyderabad all report 22-carat gold prices of Rs 71,350, with 24-carat gold priced at Rs 77,840.
In Lucknow, Jaipur, and Patna, the prices for 22-carat gold are Rs 71,500, while 24-carat gold is priced at Rs 77,990 and Rs 77,890, respectively.
Factors Affecting Gold Prices in India
The daily fluctuations in gold prices are influenced by a variety of global and domestic factors. Key determinants include international market trends, import duties, taxes, and exchange rate variations. These factors collectively influence the final price of gold in Indian markets.
Gold remains a cornerstone of both cultural and financial significance in India, continuing to be a preferred investment choice. It also plays a vital role in the nation’s celebrations, especially during weddings and festivals. Given the volatility of the market, investors and traders are advised to stay informed on these shifting trends to navigate the changing landscape effectively.
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