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NIFTY 50 23,727.65 Down stock -25.80 (-0.11%)
NIFTY 100 24,572.50 Down stock -27.25 (-0.11%)
NIFTY 500 22,402.70 Down stock -9.60 (-0.04%)
NIFTY MIDCAP 50 15,926.80 Down stock -28.45 (-0.18%)
INDIA VIX 13.18 Down stock -0.34 (-2.53%)
NIFTY MIDCAP 150 21,080.70 up stock 4.55 (0.02%)
NIFTY SMALLCAP 50 8,934.10 up stock 40.35 (0.45%)
NIFTY BANK 51,233.00 Down stock -84.60 (-0.16%)
NIFTY AUTO 22,685.55 up stock 127.80 (0.57%)
NIFTY FMCG 56,439.30 up stock 304.25 (0.54%)
NIFTY IT 43,668.90 Down stock -159.45 (-0.36%)
NIFTY MEDIA 1,874.15 Down stock -6.30 (-0.34%)
NIFTY METAL 8,817.60 Down stock -73.80 (-0.83%)
NIFTY PHARMA 22,558.90 Down stock -13.15 (-0.06%)
NIFTY PRIVATE BANK 24,838.85 up stock 5.50 (0.02%)
NIFTY REALTY 1,074.75 Down stock -0.90 (-0.08%)
NIFTY OIL & GAS 10,747.55 up stock 57.90 (0.54%)
NIFTY COMMODITIES 8,206.25 Down stock -40.70 (-0.49%)
NIFTY ENERGY 35,084.95 Down stock -62.80 (-0.18%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Published 08:01 IST, December 24th 2024

Gold Price Today: Check Gold Rate In Your City Today, December 24, 2024 - List

Investors are increasingly looking at gold as an important investment.

Reported by: Business Desk
Gold prices today | Image: R Business

Today's gold price in India is Rs.,7,090 per gram for 22 karat gold and Rs.,7,735 per gram for 24 karat gold (also called 999 gold). Gold has been a perfect hedge against inflation, especially in the Indian market. In India, gold is considered auspicious and is presented as gifts at weddings, festivals, and other ceremonies. Investors are increasingly looking at gold as an important investment.

Price Of Gold Today
 

City22K Rate Today24K Rate Today18K Rate Today
Chennai₹7,090₹7,735₹5,860
Mumbai₹7,090₹7,735₹5,801
Delhi₹7,115₹7,750₹5,813
Kolkata₹7,090₹7,735₹5,801
Bangalore₹7,090₹7,735₹5,801
Hyderabad₹7,090₹7,735₹5,801
Kerala₹7,090₹7,735₹5,801
Pune₹7,090₹7,735₹5,801
Vadodara₹7,095₹7,740₹5,805
Ahmedabad₹7,095₹7,740₹5,805

Price Of Gold Is Determined By

  • Supply and demand: The price of gold is affected by the domestic market's balance between supply and demand. 
  • Central banks: The actions of central banks, such as the Fed, ECB (European Central Bank), and PBOC (People's Bank Of China), can impact gold prices.
  • Investors: The demand from investors, such as hedge funds, banks, and ETFs, can influence prices.
  • Mining companies: The supply of gold is affected by mining activity and costs.
  • Geopolitical factors: Gold prices can increase during geopolitical turmoil because investors consider it a safe investment.
  • Local market conditions: Local conditions, such as import duties, taxes, and demand, can affect the price of gold.
  • Exchange rates: The value of the local currency against major currencies, such as the US dollar, can impact the price of gold.
  • In India, the Indian Bullion and Jewelers Association (IBJA) determines the daily gold rate.

The IBJA comprises the country's biggest gold dealers, who provide their buy and sell quotes. The IBJA then calculates the average of these quotes to determine the daily market.

Also Read: Petrol And Diesel Price Today in India: Check Fuel Rates In Major Cities on December 24, 2024 | Republic Business

Updated 14:56 IST, December 24th 2024

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