Gold prices across major Indian cities are seeing a slight increase today, July 23, with rates varying based on carat and location.
Understanding Today’s Gold Prices
For those looking to invest or purchase gold, knowing the daily rates is key. As of July 23, the general price for 24-carat gold in India stands at ₹10,233 per gram. Similarly, 22-carat gold is priced at ₹9,380 per gram, and 18-carat gold is at ₹7,675 per gram.
These figures reflect a marginal uptick compared to yesterday’s rates, continuing gold’s trend as a significant asset.
Why Gold Remains a Popular Investment
Gold has long been considered a reliable hedge against inflation. In times of economic uncertainty, investors often turn to gold to protect their wealth, seeing it as a safe haven asset.
Its tangible nature and historical value make it an increasingly important part of many investment portfolios, offering stability when other markets might be volatile.
City-Wise Gold Rates on July 23
Gold prices can differ slightly from one city to another due to factors like local taxes, transportation costs, and demand. Here’s a look at the per-gram rates across major Indian cities today.
Delhi Gold Prices
In the capital city, 18-carat gold is priced at ₹7,687 per gram today, a rise from yesterday’s ₹7,609. For 22-carat gold, the rate is ₹9,395 per gram, up from ₹9,300. Meanwhile, 24-carat gold in Delhi is ₹10,248 per gram, compared to ₹10,144 yesterday.
Mumbai Gold Prices
Mumbai sees 18-carat gold at ₹7,675 per gram today, increasing from ₹7,597 yesterday. The 22-carat variety is available for ₹9,380 per gram, up from ₹9,285. If you’re buying 24-carat gold, it costs ₹10,233 per gram, a slight increase from ₹10,129 yesterday.
Bangalore Gold Prices
For those in Bangalore, 18-carat gold is priced at ₹7,675 per gram today, up from ₹7,597 yesterday. Both 22-carat and 24-carat gold align with Mumbai’s prices, at ₹9,380 and ₹10,233 per gram respectively, showing similar increases from their previous day’s rates of ₹9,285 and ₹10,129.
Chennai Gold Prices
Chennai’s gold rates are ₹7,730 per gram for 18-carat, higher than yesterday’s ₹7,650. The 22-carat rate is ₹9,380 per gram, up from ₹9,285. For the purest form, 24-carat gold in Chennai costs ₹10,233 per gram, compared to ₹10,129 yesterday.
Hyderabad Gold Prices
Hyderabad reports 18-carat gold at ₹7,675 per gram today, an increase from ₹7,597 yesterday. Similar to Mumbai and Bangalore, 22-carat gold is priced at ₹9,380 per gram (from ₹9,285), and 24-carat gold is ₹10,233 per gram (from ₹10,129).
- Gold prices across India show a consistent, albeit slight, upward trend on July 23.
- Rates for 22-carat and 24-carat gold are uniform across Mumbai, Bangalore, Chennai, and Hyderabad, while Delhi and Chennai show some unique figures for 18-carat.
- Gold continues to be a resilient investment, proving its worth as a hedge against inflation.
Keeping an eye on these daily fluctuations is crucial for both buyers and investors in the dynamic gold market.
