Gold prices in India experienced a minor downward adjustment on August 1st, yet the precious metal continues to demonstrate its characteristic stability amidst fluctuating global economic conditions.
Current Gold Rates Across Carats
For those tracking the precious metal, 24-carat gold is priced at ₹9,982 per gram today. This represents a slight dip of ₹21 compared to yesterday’s rate of ₹10,003.
Similarly, 22-carat gold, a popular choice for jewelry, is currently trading at ₹9,150 per gram, seeing a decrease of ₹20 from its previous day’s price of ₹9,170.
The 18-carat variant, also known as 999 gold in some contexts, is valued at ₹7,487 per gram. This marks a minor reduction of ₹16 from yesterday’s ₹7,503.
Gold’s Enduring Appeal as an Investment
Gold has long been recognized as a robust hedge against inflation, safeguarding wealth during periods of economic uncertainty. Its intrinsic value often helps investors navigate turbulent times.
In today’s complex global landscape, marked by ongoing trade tensions, tariff discussions, and geopolitical shifts, gold consistently proves its worth. It has become an increasingly vital component in the portfolios of savvy investors looking for stability.
Understanding Gold Carats for Your Investment
When considering gold, understanding its purity, measured in carats, is essential. 24-carat gold signifies the purest form, containing 99.9% gold, and is primarily used for investments like bars and coins.
22-carat gold, with 91.6% purity, is the preferred choice for crafting durable jewelry due to its alloy content. This makes it strong enough for daily wear.
While 18-carat gold, containing 75% pure gold, offers even greater durability. This makes it ideal for intricate designs and pieces that feature precious stones.
- On August 1st, gold prices in India saw a modest decrease across all carats.
- 24-carat gold is valued at ₹9,982 per gram today.
- 22-carat gold is currently ₹9,150 per gram.
- 18-carat gold is priced at ₹7,487 per gram.
- Gold remains a strategic asset for investors, offering a strong hedge against inflation and market volatility.
While these are the national averages, specific rates can vary slightly depending on your city. For the most accurate local prices in cities like Chennai, Mumbai, Delhi, or Kolkata, it is advisable to check with local jewellers and market sources.
