22 Carat Gold Rate Today 2024: Know About The Gold Price In India

22 Carat Gold Rate Today 2024: No matter if you’re looking forward to investing in gold or just simply getting a gold jewelry piece, the current gold rate can shock you. It’s worth stating that gold prices have gone to the supreme level whether you talk about 22-carat gold or 24-carat gold. Though 22-carat gold is a bit cheaper than pure gold, it has also reached around Rs. 66,700 today.

The 22-carat gold may vary in different cities but the average remains the same. Dive into the following article to learn the 22-carat gold rate trend in the past 10 days, prices in several countries, and the things that may affect the overall pricing of pure gold and the standard 22-carat gold. Read the following sections to know more:

Know About Gold Price: 22-Carat Gold 

As discussed earlier, the price for 22-carat gold has hit the mark of 66,000 in numerous cities in India in the past few months. Take a look at the average gold price for today here:

Gram22K Gold PriceDaily Price Change
1 gram₹ 6,668– ₹ 129
8 grams₹ 53,344– ₹ 1,032
10 grams₹ 66,680– ₹ 1,290
100 grams₹ 6,66,800– ₹ 12,900

How 22-Carat Gold Is Different From 24-Carat Gold?

It’s important to know what makes the difference between 22-carat gold and 24-carat gold. This will help you understand the high pricing difference between both of them:

  • When you talk about the 22-carat gold, contains 91.6% pure gold, with the remainder made up of metals like silver, copper, and others.
  • 22-carat gold possesses a hard texture, making it difficult to mold or bend.
  • You can expect it to be more affordable due to the lower percentage of pure gold.
  • The 22-carat gold is primarily used for making jewelry, bars, bullions, and coins.
  • You might find it often tainted because of the presence of other metals.

Gold Rate in Major Indian Cities Today 

Here’s what today’s gold rate in some major cities of India looks like. We’ve provided the rate list of both 24 Carat Gold (10 grams) and 22 Carat Gold (10 grams). Check the 22-carat gold rate in your city through the following table:

City22 Carat24 Carat
AhmedabadRs. 66,651Rs. 72,710
AmritsarRs. 66,559Rs. 72,610
AurangabadRs. 66,568Rs. 72,620
BangaloreRs. 66,614Rs. 72,670
BelgaumRs. 66,614Rs. 72,670
BhopalRs. 66,633Rs. 72,690
BhubaneswarRs. 66,578Rs. 72,630
ChennaiRs. 66,752Rs. 72,820
CoimbatoreRs. 66,752Rs. 72,820
DelhiRs. 66,440Rs. 72,480
GurgaonRs. 66,550Rs. 72,600
GuwahatiRs. 66,706Rs. 72,770
HyderabadRs. 66,660Rs. 72,720
IndoreRs. 66,633Rs. 72,690
JaipurRs. 66,550Rs. 72,600
KolkataRs. 66,468Rs. 72,510
LucknowRs. 66,578Rs. 72,630
LudhianaRs. 66,559Rs. 72,610
MeerutRs. 66,587Rs. 72,640
MumbaiRs. 66,559Rs. 72,610
MysoreRs. 66,614Rs. 72,670
NagpurRs. 66,559Rs. 72,610
PatnaRs. 66,523Rs. 72,570
PuneRs. 66,559Rs. 72,610
RajkotRs. 66,651Rs. 72,710
ThaneRs. 66,568Rs. 72,620
ThiruvananthapuramRs. 66,770Rs. 72,840
TirupatiRs. 66,669Rs. 72,730
VijayawadaRs. 66,660Rs. 72,720
VisakhapatnamRs. 66,660Rs. 72,720

Gold Price For Last 10 Days In India

Here’s the average rate list of pure gold and standard gold in India over the last 10 days:

Date24 Carat22 Carat
23rd May₹72,791 (-₹1,289)₹66,677 (-₹1,180)
22nd May₹74,080 (-₹134)₹67,857 (-₹123)
21st May₹74,214 (+₹831)₹67,980 (+₹761)
19th May₹73,383 (₹0)₹67,219 (₹0)
18th May₹73,383 (₹0)₹67,219 (₹0)
17th May₹73,383 (-₹55)₹67,219 (-₹50)
16th May₹73,438 (+₹504)₹67,269 (+₹461)
15th May₹72,934 (+₹599)₹66,808 (+₹549)
14th May₹72,335 (+₹171)₹66,259 (+₹157)
13th May₹72,164 (-₹844)₹66,102 (-₹773)

Factors Affecting Gold Price In India

Several factors impact the gold price in India and some of them are mentioned here:

  • Demand: Like any other item, gold also faces price fluctuations due to the increased demand. Festive seasons and wedding festivities give a boom to the 22-carat gold prices. 
  • Currency Fluctuations: When gold is imported the foreign currency converts into the Indian Rupee, this currency fluctuation impacts the gold rate no matter whether it’s 22-carat or 24-carat gold. 
  • Geopolitical Factors: Political and geographical conditions are also worth considering factors when it comes to the price hike and reduction in the 22-carat gold rate all over India. 
  • Interest Rates: Interest rates and gold typically have an inverse connection. People often sell off their gold to receive high interest rates when interest rates rise. Also, consumers tend to purchase more gold when interest rates drop increasing demand.

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FAQs: 22 Carat Gold Rate Today

Ques 1. Are 22-carat gold and 916-gold the same?

Ans. Yes, 916 is the pure gold percentage in 22-carat gold and the rest are the other materials.

Ques 2. How is 22-carat gold imported in India?

Ans. Several banks like the State Bank of India, Union Bank of India, Punjab National Bank, Yes Bank, Bank of Baroda, etc. import gold into India.

Ques 3. Can I purchase gold without paying GST?

Ans. No, you’ve to pay GST when you’re purchasing digital gold and physical gold.

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