Gold Price Chart

Price of Gold in Different Cities

Gold Market Trend

Trend of Gold Rate in india for Jul 2017 (rates per gram for 24 carat gold)

The Glittering Gold of India

India's Inclination towards Gold

India has a long standing affinity to gold. It is the metal of the gods, and gods of the metals! It is the indication of the long lasting and evergreen heritage of this traditional country. Anything made of gold is regarded infinitely precious and commands respect.

The heavier the gold, the more prestigious a post you automatically escalate to. Most of the women in India prefer gold to diamonds, and the gold market in India is always loaded with fresh and vivid designs. 

Buying Gold in India

Buying gold in India is pretty easy in the sense you can genuine gold jewellery shops almost everywhere. From large franchise to smaller shops, gold is everywhere here. You get the standard 22 carats gold, the intermediate 23 carats gold as well as the pure 24 carats gold in this golden country. 

What Do You Buy?

This is entirely your choice. Gold rings, earrings and necklaces, there is plethora of options available. From heavy and gorgeous ones to light and simple ones, you can buy anything made of gold, if you budget allows you to do so. 

The Common Factors That Determine Gold Prices in India

For ages, the Indian population has had a fascination for gold. It is the most cherished metal, and it is flaunted in the form of jewellery at every occasion. The gold rate today in India is not standard. The gold price fluctuates based on the markets. 

There are several factors that influence the gold price today in India. 

Global Changes in Gold Prices

The price of gold in India is predominantly dependent on the global prices of the metal. Most of the gold in the Indian markets in imported. When there is a change in the global rate of gold, the import values are altered accordingly. The market price of gold in India is a direct reflection of the import prices.

The Gold Reserve Measure

Almost all nations have their central banks. These governing banks of major countries hold back the metal along with currencies for future use. The Reserve Bank does this too. When these banks all over the world acquire more gold for reservation, it leads to a rise in the rate of gold.

An Overall Demand

There are specific reasons for a rise in consumer demand for gold. In India, it is the wedding season or festivities. When the demand is more, there is an imbalance in the demand-supply ratio. This leads to a rise in the gold prices.

Apart from the above-mentioned reasons several other determinants influence the gold rate in India. At any given point of time, the current gold rate will also depend on the interest rates of certain financial services and products. No matter the price, the yellow metal has remained precious over the years and will continue that way irrespective of the oscillating prices.