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Curated By: Business Desk
Last Updated: October 20, 2023, 12:41 IST
A noticeable change in the price of gold has been witnessed.
As per the Goodreturns website, 22-carat (K) gold is costlier by ₹70 for each gram.
Gold is considered an important investment by many. Today, on October 20, a noticeable change in the price of gold was witnessed. Customers will be required to spend more as compared to the previous day, if they want to buy this metal. As per the Goodreturns website, 22-carat (K) gold is costlier by Rs 70 for each gram, which means that the 22K gold has been listed at Rs 5640. To delve into specifics, the gold price is worth approximately Rs 56,400 today for 10 grams of gold. On the other hand, the price for gold in India is Rs 6,153 per gram for 24 karat, which means that customers can buy 10 grams of gold for Rs 61,530.
Delhi Gold Rate
In Delhi, the current retail price is Rs 56,550 for 10 grams of 22-carat gold and Rs 61,690 for the same quantity of 24-carat gold.
Ahmedabad Gold Rate
In Ahmedabad, the customers will be required to pay Rs 56,450 for 10 grams of 22-carat gold Rs 55,510, and the amount of 24-carat gold is available at Rs 61,580.
Chennai Gold Rate
In Chennai, the retail price for 10 grams of 22-carat gold is Rs 56,660, and for the same quantity of 24-carat gold, it is Rs 61,750.
It is pertinent to note that the daily prices of gold do not include GST, TCS, and other levies. The above rates are only indicative and to know the exact prices, one must reach out to their local jewellers.
It is worth noting that the gold prices in India are mainly affected due to inflation. The higher the inflation, the higher the interest rates. In addition to that, it should be noted that as the interest rates go higher, gold prices usually decrease. The reason behind the same is that people and investors start selling gold to grab their hands on fixed-yielding selling government securities. It is necessary to be careful when investing in gold. Before you decide to invest in large quantities, it is advised to check with experts and local jewellers.