Today, July 28, 2024, gold prices in India show slight adjustments across 18, 22, and 24-carat varieties, with rates varying by city.
Why Gold Remains a Top Investment
Gold has long been considered a safe haven for investors. It’s especially valued as a hedge against inflation, often retaining or increasing its value when other assets might falter. This makes it an attractive choice for those looking to protect their wealth.
Understanding Today’s National Gold Rates
Across India, 24-carat gold is priced at approximately ₹9,993 per gram today. For 22-carat gold, the rate stands at about ₹9,160 per gram, while 18-carat gold is available for around ₹7,495 per gram. These rates reflect a slight dip from yesterday’s figures.
City-Specific Gold Prices on July 28
Gold Rates in Delhi
In Delhi, 18-carat gold is ₹7,507 per gram today, down from ₹7,548 yesterday. 22-carat gold is ₹9,175 per gram, a decrease from ₹9,225. The purest 24-carat gold is currently ₹10,008 per gram, compared to ₹10,063 a day prior.
Mumbai’s Gold Market
Mumbai sees 18-carat gold at ₹7,495 per gram today, slightly lower than yesterday’s ₹7,536. 22-carat gold is retailing for ₹9,160 per gram, a dip from ₹9,210. Meanwhile, 24-carat gold is priced at ₹9,993 per gram, down from ₹10,048 yesterday.
Gold Prices in Bangalore
Bangalore mirrors Mumbai’s prices closely. Today, 18-carat gold is ₹7,495 per gram, down from ₹7,536. The 22-carat variety costs ₹9,160 per gram, a decrease from ₹9,210 yesterday. Similarly, 24-carat gold in Bangalore is at ₹9,993 per gram, compared to ₹10,048 on the previous day.
Chennai Gold Update
Chennai’s gold rates show minor differences. 18-carat gold is ₹7,550 per gram today, a small drop from ₹7,590. The 22-carat price is ₹9,160 per gram, down from ₹9,210 yesterday. For 24-carat gold, Chennai records ₹9,993 per gram, slightly less than yesterday’s ₹10,048.
Hyderabad’s Gold Rates
Hyderabad’s prices largely align with Mumbai and Bangalore. 18-carat gold is ₹7,495 per gram, reduced from ₹7,536. 22-carat gold is ₹9,160 per gram, also down from ₹9,210. Finally, 24-carat gold in Hyderabad is ₹9,993 per gram, a decrease from ₹10,048 yesterday.
- Gold prices for 18, 22, and 24-carat varieties saw minor decreases across major Indian cities on July 28.
- Mumbai, Bangalore, and Hyderabad show largely consistent prices today.
- Delhi and Chennai have slightly different rates for 18-carat gold compared to other cities.
- Gold continues to be seen as a strong investment, particularly as an inflation hedge.
Keeping an eye on daily gold fluctuations is essential for both investors and consumers, as these shifts reflect broader economic trends and market demands.
