Today, July 16, gold prices in India show a slight dip across major cities for 18, 22, and 24 carat purity, continuing its role as a key investment asset.
Understanding Today’s Gold Prices in India
The price of gold in India today reflects minor changes compared to yesterday. For 24 carat gold, the rate is ₹9,928 per gram. If you’re looking at 22 carat gold, it’s priced at ₹9,100 per gram. For 18 carat gold, the current rate stands at ₹7,446 per gram.
Historically, gold has proven to be a reliable safeguard against inflation, making it a crucial component in many investment portfolios. Its value tends to hold strong, even when other market instruments falter.
Gold Price Updates Across Major Indian Cities
Delhi Gold Rates
In Delhi, 18 carat gold is currently priced at ₹7,458 per gram, a slight decrease from yesterday’s ₹7,495. For 22 carat gold, the rate is ₹9,115 per gram today, down from ₹9,160 yesterday. Meanwhile, 24 carat gold in the capital is available for ₹9,943 per gram, compared to ₹9,992 yesterday.
Mumbai Gold Rates
Mumbai sees 18 carat gold at ₹7,446 per gram today, a minor dip from ₹7,483 yesterday. The price for 22 carat gold is ₹9,100 per gram, down from ₹9,145. For those interested in 24 carat gold, it is ₹9,928 per gram today, after being ₹9,977 yesterday.
Bangalore Gold Rates
In Bangalore, 18 carat gold is trading at ₹7,446 per gram, slightly lower than yesterday’s ₹7,483. The 22 carat variety is priced at ₹9,100 per gram, a reduction from ₹9,145. Similarly, 24 carat gold is ₹9,928 per gram today, having been ₹9,977 yesterday.
Chennai Gold Rates
Chennai’s gold market shows 18 carat gold at ₹7,500 per gram today, a small decrease from ₹7,535 yesterday. For 22 carat gold, the rate is ₹9,100 per gram, down from ₹9,145. The price for 24 carat gold is ₹9,928 per gram, compared to ₹9,977 yesterday.
Hyderabad Gold Rates
In Hyderabad, 18 carat gold stands at ₹7,446 per gram, a slight drop from its ₹7,483 yesterday. The 22 carat gold is valued at ₹9,100 per gram, down from ₹9,145. Lastly, 24 carat gold is priced at ₹9,928 per gram today, having been ₹9,977 yesterday.
Why is Gold a Popular Investment?
Gold continues to be a highly favored investment among individuals and institutions. Its enduring appeal stems from its historical role as a store of value, especially during times of economic uncertainty.
Many investors view gold as an essential asset to diversify their portfolios and protect their wealth against currency fluctuations and inflation. This makes it a popular choice for long-term financial planning.
- Overall gold prices for 24K, 22K, and 18K show minor decreases today.
- Gold maintains its reputation as a strong hedge against inflation and a secure investment.
- Prices vary slightly across major Indian cities, with daily fluctuations in all carats.
Keeping an eye on these daily rates can help consumers and investors make informed decisions about their gold purchases and investments.
