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9th Dec 2023
Today MCX gold price in rupees per 10 grams.
Today gold price in Delhi is 50350 rupees per 10 grams
(10 grams = 1 tola gold)
|Gram||24 Carat Gold Yesterday||24 Carat Gold Today||Daily Price Change|
|1 Gram||Rs 5035.00||Rs 5035.00|
|8 Gram||Rs 40280||Rs 40280|
|10 Gram||Rs 50350||Rs 50350|
|100 Gram||Rs 503500||Rs 503500|
|Gram||22 Carat Gold Yesterday||22 Carat Gold Today||Daily Price Change|
|1 Gram||Rs 4615.00||Rs 4615.00|
|8 Gram||Rs 36920||Rs 36920|
|10 Gram||Rs 46150||Rs 46150|
|100 Gram||Rs 461500||Rs 461500|
India is the second largest consumer of gold, with its capital, Delhi being the foremost consumer of the yellow metal, within the country. The gold price in Delhi is influenced by a number of global trends and factors. The national capital boasts of a large market for gold and related products, with the buyers exhibiting a primary preference for physical gold. Besides physical gold, consumers show an inclination to trade in gold as a commodity and in gold based derivatives through the exchanges.
Today's gold rate in Delhi is complex to calculate. Gold is imported into Delhi in a number of ways, after which the current 22 carat hallmarked gold rate or the 24 carat gold rate in Delhi is arrived at. The current gold rate in Delhi is arrived at depending on the gold rate set by the gold importers, bullion associations, banks and MCX futures prices.
Gold rates in Delhi differ from that in the other parts of India due to the different octroi charges, state taxes, transportation costs and the making charges.
The Delhi's gold price has been seeing an upward graph in 2017. This is mainly due to the bearish phase the stock market went through in the beginning of the year which raised domestic demand and lead to flight of capital to the safe haven of gold. Uncertainty in the global economic and political scenario also added to this momentum pushing up the current gold price in Delhi.
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The precious metal gold is considered auspicious in India and is within our culture to buy and wear gold as a tradition. Delhi, our nation's capital, is definitely not an exception. The city ranks amongst the highest gold consumers across the country and Rate of gold in Delhi remains on the rise.
Despite the reasons of tradition, gold in India is also considered a high-value asset and investment option for its excellent resale value for years to come.Gold can be purchased as ornaments, coins, bars, traded funds, and in the form of accumulation plans. The most important criterion is the purity of the gold itself.
Delhi gold rate and the purity of the metal are determined by the Indian Bullion Association, and the dealers are required to incorporate the hallmark symbol of purity in their products. Price of gold in Delhi as any other city is influenced by international implications in the global stock market and the 24 carat gold rate in Delhi today is high as of this month due to its rising demand. India does not necessarily have to worry about the rise and fall of the market since we do not mine our own gold, but the international factors heavily influences the purchasing power of the importers and the general public.
The Bureau of Indian Standards (BIS) is a government body that certifies the purity of the gold and the process is called as hallmarking.
There are four major components of BIS marking that ensure the purity of gold:
24 karat gold is considered pure, but jewelry designing is difficult with it. 22 karat gold (92% pure) is used for creating jewelry. 14 karat gold (58.33% pure) and 18 karat gold (75% pure) is used for designing.
There are different methods of testing the purity of gold. It is often done by using a magnet. Impure gold has some percentage of metal in it. And it will get attracted to the magnet if there are impurities.
In Delhi, the purity of the gold is also tested with an acid test. It is done using some acid and stone. The stone, when rubbed on another stone, would leave a streak. It is one of the most popular methods to check 24 karats gold’s purity.
However, today jewelers also use karat checking machines to check the purity of the gold. These machines are often imported and give authenticated results.
So, if you are planning to buy gold, it is recommended that you go for 24-karat gold or 22-karat gold. Check the gold rate in Delhi before making the purchase. When buying gold in make sure that you buy it from an authorized BIS centers after checking ornaments’ purity.
You can also seek experts’ recommendation if you are not able to decide on your own. This way you will be able to buy the right product and get a good return when selling it.
There are some ways that you can use to find if the gold you are purchasing is real or not, you can also identify with some specific marks and stamps. Merely checking 22 carat hallmarked gold rate in Delhi won’t suffice. You will need to check for its purity as well.
Most pieces of real gold, such as bars, jewelry, and coins should have a stamp that shows the purity of the gold. With a magnifying glass, you can look for a mark that shows the karats that it contains (such as “24k”) or the fineness of the product like “.999”. However, identifying a genuine or fake mark can be challenging.
You can also check for any discoloration. It may be hard to spot in a brand new piece, but you can see noticeable discoloration in an old piece. And in jewelry, it is even more evident. The discoloration is a sign that your jewelry is gold plated. Gold rate in Delhi remain high most of the times and there are high chances of you getting duped. So, it is always better to check the purity before making the purchase.
Mentioned below are some ways that be used to determine the gold is real or not:
The popular belief that gold investments are generally profitable has changed now. When you think about the returns on investment, things aren’t that profitable. At the time of buying or selling gold, one is supposed to pay various taxes. For example, buyers are supposed to pay service tax, sales tax etc. and the sellers are supposed to pay capital gains tax. Considering these taxes, investments made in gold for a short period of time will lead to more losses than the profits. Considering the current scenario, wherein gold rates are not that much climbing, investments made in gold for the heck of fetching good returns won’t be a good idea.
Having said that, if you’re planning to buy gold, ensure that you buy it when the yellow metal’s selling price is at its lowest. The ideal time to sell gold is when there is high demand so that you get good returns.
Gold investments can be made by consumers in various forms, such as physical gold, gold contracts etc. In Delhi, physical gold is purchased mostly in the forms of ornaments and jewelry. Also, gold coins and bullions are quite popular in the city. Here are the various forms in which you can make an investment in gold in Delhi.
Physical gold-Gold ornaments are the first preference to make an investment in gold for Delhi people. The city takes pride in housing a large number of gold jewelry and ornaments shops. Few of the largest gold dealers in India are from Delhi.
Apart from the gold dealers, gold coins can be purchased from banks as well as from private institutions.
Gold contracts-You can purchase gold contracts from any of the commodity exchanges functioning in our country. The contracts range from 8 grams to kilograms of gold. The gold contracts can be bought of various purity levels like 995 purity and 999 purity.
Generally, gold is available in various units mentioned below:
The base rate of gold is computed for either 1 gm of gold or 10 gms of gold.
Importing gold into Delhi isn’t a child’s play. It can’t be done by any unauthorized person, as it’s only authorized to a few designated importers like banks, who trade it with several dealers, including their margin so that they can recoup the spent on importing gold into Delhi. In turn, these dealers sell gold to retailers, such as goldsmiths, who fix a price on the basis of the work they’ve to carry out in order to make gold ornaments.
The mention of this yellow metal is plenty to grab the eyeballs, which distracts people from everything else. Gold is a dream purchase for many people. On an average, Indians buy the most of the gold jewelry across the world.
Gold jewelry shops all over India witness a firm flow of buyers. In this mad rush to buy gold, it’s quite common for people to make mistakes. Keeping few pointers in mind, you can ensure that you get the best value for your money.
Pure or Impure- Gold’s purity is measured in karats. 24 karat gold is 99.9 percent pure and 22 karat gold is 92 percent pure. Every karat gold equals to 4.2 percent pure gold, it means that 14 and 18 karat have only 58.33 percent and 75 percent of pure gold, respectively. 24 karat gold isn’t eligible to make jewelry; that’s why jewelry makers use 14 karat, 18 karat or 22 karat gold. Buying gold jewelry without confirming its purity is a big NO. Always pay attention to and ensure the purity of gold before purchasing gold ornaments.
How pure is your Gold? - Hallmark is the purity indicator of gold. It’s recommended to buy hallmarked jewelry, as it is tested by the concerned competent agencies.
Making charges- Making charges are associated with a piece of jewelry. It’s the labor charges levied in creating a piece of jewelry. Making charges sync with and affect gold rate today in Delhi. One could be tricked into paying a higher making charge very easily. Always insist on fixed making charges. It can make your gold purchase cheaper and it is a fair and smart way of buying gold.
Machine Made Vs. Man-made Jewelry- In the present age of mass production, it is quite common to come across gold jewelry that is machine made. Making charges levied on machine-made artifacts are lesser than making charges on man-made artifacts. The reason behind that is making charges of mass-produced jewelry is cheaper. Talking about the origin of a jewelry piece can help to save some hard-earned money.
Check the Weight- In India, most of the gold jewelry is sold as per weight. Heavier jewelry pieces cost more. Precious gems and stones, such as diamond, emerald etc. are usually used in gold jewelry that makes the jewelry piece heavier. Jewelers weigh a piece of jewelry as a whole. It means that you could end up paying for the gold that isn’t actually used. It’s crucial to consider this at the time of purchasing studded jewelry.
Sales- Gold purchases reach its peak during festive and wedding season. This hikes up the gold rates for an obvious If you buy gold jewelry during off-season, you can save a lot of money since the prices are lower and discounts are higher.
Buy Backs- Most of the jewelers offer buy back option, in which buyers can exchange their gold jewelry pieces for new ones. The trends and designs can come and go, but the value of gold remains the same. Discussing buy back at the time of purchasing gold can be beneficial in the future, in case one ever gets bored of his/her jewelry piece.
Jewelry Store- India is home to millions of jewelry shops, both small and big ones, that caters to a vast population of our country. Buying gold jewelry from small stores can be risky as these stores might pass impure gold as pure gold, could sell stolen gold artifacts etc. It’s wise to go buy gold jewelry from the reputed jewellers, as they offer a guarantee on such purchases.
Today, gold rate in Delhi is affected by several factors that dominate the way gold is priced in India. These factors range from domestic concerns to international events. Some of these factors are mentioned below:
US Federal Reserve- Since gold is traded in American dollars in the international markets, any change in the actual currency value affects gold rates in Delhi. In case the Federal Reserve of US hikes its rate of interest by the slightest margins, gold rates will increase significantly.
In simple terms, any positive or negative development in the US dollar will affect the way gold is priced across the globe. Also, central banks of key countries play their part in affecting gold rates. Although some of them have opted for quantitative easing, chances of any major impact are low.
Geopolitical Concerns- Gold is considered as a safe harbor by millions of investors across the globe. It’s because people make an investment in the yellow metal when the market tends to be volatile. The prominent reason behind market fluctuations is geopolitical issues, such as the United States’ attack on Syria.
As the gold market is affected by volatility, demand for this precious metal surges when these things happen. Another example the Lehman Brothers crash, it affected the global economy in a short period of time. Back in 2008, when the crash happened, the gold rate was spiked up first as compared to various goods.
Local Factors- Factors like gold’s transportation in and around Delhi also determine gold price today in Delhi.
For gold buyers, the terms used in trades and markets can be confusing. For every investor, the first step is to test the waters before they take a swim or to know what they are getting into. Gold is a heavy priced commodity, but this hefty amount is worth the investment.
Two most common terms that are used while trading gold are futures gold and spot gold. What do these two terms imply? Here is a quick rundown of the definitions to help you understand the nuances of trading in gold.
Investing in Futures Gold in Delhi – In Futures Gold the transaction is carried out on a particular date but the delivery of the product will take place in the future on an agreed date. Basically, you pay for gold now and you get the delivery at a later date only. The transaction is done on the basis of the current gold rate in Delhi.
Investing in Spot Gold in Delhi – Spot gold refers to immediate gold transactions, i.e. on the spot. Even the price of the gold is determined on the spot and both the cash and product are interchanged instantaneously. You can check online ‘today gold rate in Delhi’ and have prior knowledge before getting into the deal.
|Parameter ( in Delhi)||Futures Gold||Spot Gold|
|Liquidity||Liquidity is limited as the on delivery of gold sometimes tend to delay||High liquidity|
|Delhi Gold Rate||Little expensive as prices are adjusted to account for delivery and storage||Based on the Gold rate in Delhi|
|Delivery||Delivery at a future date ( as agreed)||Immediate delivery on the basis of Delhi gold rate|
|Price Settlement||A contract is signed and settlement is usually done in a day or two||
Moderate risk – the price of gold in Delhi can rise or fall when it is delivered, leading to loss or profit scenarios
Low risk – you get as per the Current Gold Rate In Delhi
After the implementation of GST (Goods and Services Tax) in the country, gold has become costlier than before. The most loved yellow metal attracts taxes at the rate of 3 percent as per the latest tax regime, which is approximately 1 percent higher. Gold rate in Delhi has undergone some fluctuations. Gold analysts were a little apprehensive about the tax regime that it might trigger a fall in the gold demand due to increased taxes. The GST on gold was set at 3 percent, with 8 percent tax levied on making charges. The tax on making charges has been reduced by 3 percent because of various concerns put forward by several groups.
Currently, gold price in Delhi is hiked due to market volatility. The price of gold has increased because of increase in import duty levied on the yellow metal. As a consequence, gold goes on to attract an import duty at the rate of 10 percent, along with the 3 percent GST and 5 percent making charges.
The gold rate after the implementation of GST has been rapidly enhancing because of high demand for gold in the international markets. The plunging American dollar is responsible for the higher volume of gold trade.
Long-term effects of GST on gold rate seem to be positive, though. The concerns of smuggling because of the high gold prices are there. For the time being, the jewelry industry seems to be at peace with the gold price after GST. However, the consumers do have few complaints regarding the enhanced gold price.
In order to get an idea about KDM Gold, you’ll have to understand the process of jewelry making. Gold in the form of jewelry shaped up by soldering. Gold in itself is so soft. Solder is nothing but an alloy of gold in addition to another metal whose melting point is lower as compared to gold’s. In the soldering process, the only solder melts and it mixes with gold pieces without impacting gold.
For a long period of time, soldering gold and copper in a ratio of 60:40 was used. Since the solder’s purity is 60% and when the jewelry is melted, purity level achieved is much less. A 22-karat jewel made by this technique upon melting at the time of sale will result in the purity level of 20 karat.
In order to combat this problem, copper was switched to cadmium because of its liquidity and lower melting point. The best thing about this process is that gold and cadmium are mixed in the ratio of 92:8, which results in solder purity level of 92 percent. The gold crafted with cadmium is KDM gold since cadmium is known as Kadium also. This gold retains its purity level upon melting.
Hallmark on gold is the certification of quality, certified to gold by the BIS (Bureau of Indian Standards). The certification mark on the quality of gold refers to the quality claimed by the jeweler. Bureau of Indian Standards assesses the gold’s quality and checks if it meets and fulfills both national and international standards of purity & fineness. This evaluation takes place in the BIS assaying centers that are spread all over the country. The difference between KDM gold and hallmarked gold is the metal used for soldering.
You must be wondering what to look out for in hallmarked gold.
A hallmarked gold is always engraved and it features details, including the purity level, the logo of BIS, retailer’s logo, assaying center’s logo, and the year of certification. The hallmarked gold comes in the purity of 18 karats, 21 karats 22 karats, and 23 karats. Gold’s purity is the total percentage of gold used in the jewelry. 24 karat gold is considered up to 100 percent pure.
If you want to buy pure gold, always opt for a hallmarked gold certified by BIS.
Delhi is the national capital. It is one of the biggest gold marketplaces in India. Throughout the history of Delhi, this yellow metal has been a static commodity widely used as ornaments, minted as coins, sold as gold bars and various other forms. Gold price in Delhi is affected by factors that have implications across the globe. The national capital presently has a large base of buyers for gold and gold-related products. Consumers majorly go for physical gold and trading exchanges.
Apart from physical gold, buyers go for gold that is traded in several commodity exchanges like NSEL (National Spot Exchange) NCDE) (National Commodity and Derivatives Exchange), and MCX (Multi Commodity Exchange). These exchanges offer gold spot contracts that allow you to purchase gold on the spot and it is delivered to you at the earliest. The futures contract allows you to buy gold but it is delivered later at the current rates.
Gold rate in Delhi today is different as compared to other cities in our country due to various internal as well as external factors. Few of these factors affecting the price difference are mentioned below:
Both ETFs and Sovereign Gold Bonds are a great investment option. Check the gold rate in Delhi and decide which one will work for you as per your requirement. For long term insurance investments, SGB or Sovereign Gold Bonds are a good option as they have a maturity period of 8 years. Unlike Gold ETF’s you can earn an additional interest of 2.5% per year on Sovereign Gold Bonds.
Whereas, ETFs are a good option for those who are looking for an investment option that pays off quickly as SGBs have a minimum waiting period of 5 years in case of pre-mature withdrawal.
Invest in ETFs or SGBs as per your ability to manage the investment portfolio. It is recommended that you park 0% of your savings in Physical or paper fold. And before deciding the investment option asses other parameters like taxation, returns, gold price in Delhi and other charges.
Low because of a minimum of 5 Years of the lock-in period
Capital Gains Tax
Long-term capital gains after 3-years. Not applicable if held till maturity
Long-term capital gains after 3-years.
Can be used
Cannot be used
Looking at the gold rate in Delhi, it would require a lot of money to buy gold bars in Delhi. Mostly retailers and wholesalers are eligible to buy gold bars. Their weight ranges from 500 grams to 1 kg. And the gold rate in Delhi for 1 kg of a gold bar would range from INR 26 to 27 lakhs based on the current gold rate in Delhi.
Gold bars are available with the wholesalers and banks. By furnishing your identity proof or PAN card you can get gold bars.
There are a number of options available when it comes to purchasing gold and gold items. Based on your needs you can buy gold jewelry, gold coins, and gold ETFs.
Making charges are extra that you need to pay while purchasing gold ornaments. On the other hand, there are taxes applicable on the purchase of gold coin, and that increases the cost of the gold. While selling it, you would need to get an amount to cover up the cost of taxes as well. You can check today’s gold rate in Delhi if you are planning to buy it today itself.
If you get 20% returns then it will be a decent value. And if you purchase gold ETFs, you can get a better value for your gold. There is more security as it is kept in electronic form.
Electronic gold means buying gold by electronic means. Most of the investors buy e-gold, except for investors who want to buy it for personal usage. You need a Demat Account to buy gold in the electronic format. Shares and securities are held electronically in a Demat account. Before Demat accounts, physical possession of certificates is required.
There is a number of ways to invest in Gold ETF's - Exchange Trade Funds. You can select from different companies that provide Gold ETF’s. After checking the gold price in Delhi, you can also purchase gold futures, just like you invest in future markets.
You can also invest in gold shares of a company that is into gold production.
National spot exchange limited introduced E-gold in India. It is a form of the contemporary investment plan. E-gold in Delhi or anywhere in India is similar to purchasing shares. E-gold offers a better return than gold ETFs or Exchange Traded Fund.
Investors can also buy it in demat form and can easily convert it into physical form. E-gold is in the electronic format and the original gold metal is in the physical form. E-gold can be converted into physical gold anytime and you can buy a quantity as small as 1gm. Before investing in E-gold you can check the gold price in Delhi today.
Another way of investing in gold is ETFs. It is a financial instrument helps in tracking the price of the gold. They are just like mutual funds and each unit is equal to 1 gm. gold. There are some funds options that are lower than 0.5 gram as well.
E-Gold is preferred over ETFs as it is cost-effective, does not involve management fees, which leads to an increase in returns every Thus, E-gold is more effective in the long term.
The cost of rupee against the dollar also affects the gold rate in Delhi. For instance, when the rupee stands stronger against the dollar, the gold price in Delhi tends to fall. Conversely, when the rupee stands weak against the dollar, the price of gold in Delhi gains ground.
Amid the sharp fall of rupee against the dollar in the past few years, the gold rates in India have gone higher. In addition to this, duties and local tariffs also affect the rate of gold in Delhi. You will have to keep a track of these cross-currency headwinds to check for any fluctuations in the gold rate Delhi.
For large scale investments, most of the investors prefer to park their money in gold bars depending on the price of gold in Delhi. Gold bars are usually cheaper in comparison to their smaller counterparts.
However, the choice of buyers of gold buyers is limited in comparison to ornaments, coins, and other gold options.
And gold bars are difficult to reshape and melt involving extra labor charges at the time of selling it. Premiums on gold and its value are always increasing. And the price of gold bars varies on the basis of the market factors.
Gold coins are more expensive than gold bars. On the other hand gold coins are still more useful in comparison to gold bars. The major benefit of gold coins is available in several denominations such as 0.5 grams to 100 grams.
It depends on your purchasing power that how much gold coins you can buy. And it is easier to trade and resell gold coins as they are smaller in size. Gold coins are recognized across the world and are easier to sell.
This, big bullions or gold bars are suitable for people who are looking for a lesser purchase price. and it also depends on one’s requirement.
The price of gold in Delhi has been shifted down regardless of various gains in the international market amidst a weak dollar.
The gold rates in Delhi have been trading @ Rs. 30,850 per 10 grams of the 22 karat and @ Rs. 33,000 per 10 grams of the 24 karat.
In the international market, the gold price has been trading @ USD 1278.50 for one ounce and the US gold future was @ USD 1281.20 every ounce.
The value of dollar gone down after the data witnessed the progressive improvement in the economy of China as the nation has seen an economic growth of 6.4% for the 1st quarter leaving the street expectations at 6.3% of growth. This aided the stocks in the market of Asia to pull through the reassurance of faith in the sentiments of its investors on the equities market.
The gold prices in Delhi moved up regardless of witnessing the fall in the international markets due to rising equities markets. The rates of gold in Delhi were at Rs. 30,910 per 10 grams of 22 karats and for 24 karats the rate was Rs. 33,060 per 10 grams.
In the international market, spot gold was @ USD 1,285.60 for one ounce, dripped by USD 5.20 and the US gold futures @ USD 1,287.60 for one ounce.
Pulling through equities market added with enhanced economic data from the United States of America and China has aided the gold depreciation. China managed to report better credits than expected and export the figure the previous week.
The US and Chinese trade talks are rolling on the positive tracks, which has made it simpler for the investors that were hit badly while both the nations entered into a tit-for-tat tariff obligation on each other.
The gold price in Delhi moved up marginally in spite of drift in the international markets owing to pull together the value of dollar. The rates of gold in Delhi were recorded as Rs. 30,950 per 10 grams of 22 karats and Rs. 33,100 per 10 grams of 24 karats. The improving equities market across the world capped the gold growth, which otherwise is glowing very strongly despite the concerns adjoining the economic slowdown connected to the growth.
The value of dollar declined to the lowest level in the previous two weeks against the key competitors and witnessed the weekly drift for the very first time since the last 4 weeks. The strong United States jobs data adds up with the mightier nations aided the currency of US to pull together leaving the lustrous metal to go down.
In a recent development, gold rates in Delhi for 99.9% and 99.5% purity increased to Rs 31,850 and Rs 31,700 per 10 grams, respectively marking a growth of Rs.200. Online sources reveal that the high demand by retailers and jewelers at the bullion market triggered the sudden increase in gold rates.
Online sources further reveal that the anticipated increase in demand for gold in domestic markets due to the beginning of the auspicious occasion of ‘Navratri'.
On the other hand, silver rates failed to increase owing to the decreased demand from coin makers and industrial units. Silver dipped to Rs 39,200 per kg marking a decrease of Rs 50. In addition, the weekly-based delivery for silver registered a decrease of Rs.85 and dropped down to Rs 38,650 per kg. However, there was no change in the rates of silver coins and 100 pieces of silver coins were traded at Rs 73,000 (buying price) and Rs 74,000 (selling price).
In the global markets, spot gold rate increased by 0.3% at $1,198.04 per ounce. US gold futures increased by 0.7% at $1,201.6 per ounce! In the interim, spot silver rates increased by 0.1% at $14.38 per ounce.
Sources further reveal that the demand for gold increases during major Indian festivals such as Diwali and Dussehra. In August 2018, India’s gold imports had nearly doubled up to reach 85.7 tonnes owing to the increased demand by manufacturers who usually stock up before the festive season kicks in.
In Delhi, the prices of the precious metal remained stable as the investors turned towards gold as the prices dropped down. For 22 karat gold, the prices were noted at Rs 27,770 per 10 grams. In the last week, the prices dropped by Rs. 800. A week ago, the gold was trading at Rs. 28,500 per 10 grams. It is likely that the decline will continue in the coming few days.
Looking at the trend of gold prices in Delhi, the prices may take a big dip sometime in 2018. Last week, the prices of the precious metal showed a marginal dip, in spite of the US Fed shooting the interest rates. The prices remain almost unchanged. It is unlikely that the prices of gold would affect the purchase pattern of the precious metal despite a steep fall in global markets.
As per the market trends, worth of gold increased to USD 1252 per ounce, as compared to USD 1248 last week.
This week, gold was priced at Rs. 28,500 per 10 grams. The gold prices in Delhi are not going to experience many fluctuations this year with the investors putting money in gold as the prices are dropping.
The interest rates of the precious metal would be decided after the US Fed meet. Till then, the prices are unlikely to transform and would continue to remain stable. Despite a gradual shift in investment pattern from gold to share market, the prices of 22 karat gold have, by far, remained firm. In December, the trade pattern of gold has been good and, with prices dropping down, the precious metal may be seen gathering new heights.
The demand for 22 karat and 24 karat gold has been rising and can create an upward pressure in 2018. Gold prices in Delhi were last seen trading at USD 1252 per ounce and went as high as USD 1255 per ounce. The demand for gold is likely to cross the support levels this year as investors are betting on this precious metal even as it declines.
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