| Gold | Gold 1 Gram | 8 Gram | 10 Gram |
|---|---|---|---|
| Gold_22 Carat | ₹ 7145 | ₹ 57160 | ₹ 71450 |
| Gold_24 Carat | ₹ 7710 | ₹ 61680 | ₹ 77100 |
Todays Gold rate is ₹ 7145 for 22 Carat and ₹ 7145 for 24 Carat Per gram.
| Item | Rate / gram | Bar Silver 1 KG |
|---|---|---|
| Silver | ₹ 101.04 | ₹ 101000 |
| Item | RATE 1g | Rate 8g |
|---|---|---|
| Platinum | ₹ 3301 | ₹ 26408 |
In India, the price of gold is determined through a combination of global and local factors. Here’s an overview of the process:
Gold prices are largely influenced by global markets, primarily determined by trading on international exchanges like the London Bullion Market Association (LBMA) and the New York Commodity Exchange (COMEX). These prices are set in US dollars per ounce.
Since gold prices are quoted in US dollars, the exchange rate between the Indian Rupee (INR) and the US Dollar (USD) also impacts the local price of gold. When the rupee weakens against the dollar, the price of gold in rupees typically rises, and vice versa.
In India, gold prices are also influenced by domestic demand and supply conditions. Factors such as wedding seasons, festivals, and industrial demand can affect local prices.
The Indian government imposes import duties and taxes on gold. These can include customs duties, GST, and other levies, which affect the final price consumers pay.
Jewelers and retailers add their own margins to the base price of gold. This markup can vary depending on the type of jewelry and the retailer’s pricing strategy.
Gold prices are updated daily to reflect changes in the international market, currency fluctuations, and domestic factors. In India, gold price updates are often published by various agencies, financial news sources, and local dealers.
In summary, the price of gold in India is a blend of global market trends, currency exchange rates, local economic conditions, and government policies.
Firstly, international silver prices, determined on global commodity exchanges such as the London Metal Exchange (LME) and COMEX, play a major role. These prices are quoted in US dollars per ounce. Secondly, the exchange rate between the Indian Rupee (INR) and the US Dollar (USD) impacts local prices; a weaker rupee generally leads to higher silver prices in rupees.
Domestic demand and supply also affect prices, with fluctuations due to industrial needs, jewelry demand, and seasonal factors like festivals and wedding seasons. Additionally, import duties and taxes imposed by the Indian government, such as customs duties and GST, contribute to the final price. Retailers and jewelers add their own markups to the base price. In terms of consumption, silver is widely used in jewelry and silverware, as well as in various industrial applications, including electronics and photovoltaics. Its consumption patterns can vary with economic conditions, cultural practices, and technological advancements.
Now, find the latest gold selling rates, silver selling rates in gold.todaypricerates.com, here we have listed down the gold ,silver, diamond price per gram across all indian States and cities. Our database has the gold silver price for more than 1000 cities in India. We have classified the Gold rate based on 22 Carat and 24 Carat, also we update the price daily in the morning and evening. Price can be found per gram or per 8 gram or per 10 gram.
The global diamond market, overseen by major organizations such as De Beers and the Gemological Institute of America (GIA), sets prices based on supply and demand, including the rarity and quality of diamonds. The diamond pricing structure is also influenced by the "Four Cs"—carat, cut, color, and clarity—which determine a diamond's value. Currency exchange rates affect local diamond prices, as they are often priced in US dollars. Additionally, import duties and taxes imposed by the Indian government, including customs duties and GST, impact the final retail price. Local factors, such as consumer demand for luxury goods and trends in fashion, also play a significant role. In India, diamonds are predominantly used in fine jewelry, including engagement rings and luxury items. The demand for diamonds is influenced by cultural practices, economic conditions, and trends in the global and domestic jewelry markets.
Gold, Silver, Diamond, Platinum, Gemstone rates are available for all the states namely Andhra Pradesh, Uttar Pradesh, Goa, Bihar, Pondicherry, Madhya Pradesh and Odisha. Latest Silver and Gold Rates can be found for the Indian states Chandigarh, Uttarakhand, Arunachal Pradesh, New Delhi, West Bengal, Jammu And Kashmir, Telangana and Maharashtra. Check Today's Gold and Silver rates for Himachal Pradesh, Haryana, Karnataka, Sikkim, Gujarat, Assam, Manipur, Tripura and Mizoram. Find the Market Gold / Siver Diamond rates for the states in Rajasthan, Jammu And Kashmir, Punjab, Nagaland, , Andaman And Nicobar Islands, Chattisgarh, Jharkhand, Tamil Nadu, Meghalaya and Kerala.
Also you can fidn the international gold and silver prices based on the country, we have listed the gold price for all countries in the world.