Today, July 29, gold prices across India show slight daily fluctuations for 18, 22, and 24 carat varieties, with specific rates varying by city.
Understanding Gold Carats
When you’re looking to buy gold, understanding carats is key. This term indicates the purity of the gold. For instance, 24-carat gold is considered nearly 100% pure (99.9%), representing the highest purity available.
22-carat gold, also known as 91.6% pure gold, is commonly used for crafting jewelry. It includes a small percentage of other metals, making it more durable for everyday wear. For even greater strength, 18-carat gold contains 75% pure gold, blended with other alloys.
National Gold Prices Today
As of July 29, the average price for 24-carat gold across India is ₹9,982 per gram. If you’re looking at 22-carat gold, often preferred for jewelry, the rate is ₹9,150 per gram. For 18-carat gold, the price stands at ₹7,487 per gram.
Gold has consistently proven itself as a reliable investment, especially as a hedge against inflation. Its long-term stability and role as a safe haven continue to make it an important part of many investment portfolios.
Gold Rates in Major Indian Cities
Delhi Gold Price
In the nation’s capital, 18-carat gold is priced at ₹7,499 per gram today, a slight decrease from yesterday’s ₹7,507. Similarly, 22-carat gold is ₹9,165 per gram, down from ₹9,175, and 24-carat gold is ₹9,997 per gram, compared to ₹10,008 yesterday.
Mumbai Gold Price
For those in Mumbai, 18-carat gold is available at ₹7,487 per gram, a minor dip from yesterday’s ₹7,495. The rate for 22-carat gold is ₹9,150 per gram (yesterday: ₹9,160), while 24-carat gold is at ₹9,982 per gram (yesterday: ₹9,993).
Bangalore Gold Price
Bangalore residents will find 18-carat gold priced at ₹7,487 per gram, down from ₹7,495. Both 22-carat and 24-carat gold also show slight reductions, with 22K at ₹9,150 per gram (yesterday: ₹9,160) and 24K at ₹9,982 per gram (yesterday: ₹9,993).
Chennai Gold Price
Chennai’s gold rates show 18-carat gold at ₹7,545 per gram, a small decrease from ₹7,550. Interestingly, both 22-carat and 24-carat gold prices here align with those in Mumbai and Bangalore at ₹9,150 and ₹9,982 per gram respectively, also slightly lower than yesterday.
Hyderabad Gold Price
In Hyderabad, 18-carat gold is valued at ₹7,486 per gram, a minor shift from ₹7,495 yesterday. The rates for 22-carat and 24-carat gold are consistent with Mumbai and Bangalore at ₹9,150 and ₹9,982 per gram, reflecting a general downward trend from the previous day.
- The national average for 24-carat gold is ₹9,982 per gram today.
- Across major cities, gold prices for all carats have seen a slight decrease compared to yesterday.
- Gold remains a significant investment, known for its stability and inflation-hedging qualities.
Always check the latest daily rates from trusted sources before making any gold purchase or investment decisions.
