The price of gold decreased by ₹10 per gram as compared to Friday’s price. As per Goodreturns, the price of 22 carat gold stood at ₹5,580 per gram. Meanwhile, the price of 1 gm of 24 carat gold was ₹6,087, a decline of ₹11 as compared to Friday’s rate.
The Difference Between 24K and 22K Gold
In the national capital, the price of 10 gms of 24 carat and 22 carat gold stood at ₹61,020 and ₹55,950 respectively. In maximum city Mumbai, 22 carat gold is worth ₹55,850 per 10 gms while that of 10 gms 24 carat gold is ₹60,870.
The purity of gold is denoted by ‘K’ which means carat. A 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc.
Here are the gold rates in other Indian cities on April 8, 2023.
In the national capital, the price of 10 gms of 24 carat and 22 carat gold stood at ₹61,020 and ₹55,950 respectively. In maximum city Mumbai, 22 carat gold is worth ₹55,850 per 10 gms while that of 10 gms 24 carat gold is ₹60,870.
Purity of Gold
The purity of gold is denoted by ‘K’ which means carat. A 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc.
Here are the gold rates in other Indian cities on April 8, 2023.
| CITY | 22K GOLD (Rs/10 GMS) | 24K GOLD (Rs/10 GMS) |
|---|---|---|
| CHENNAI | 56,400 | 61,530 |
| KOLKATA | 55,800 | 60,870 |
| BENGALURU | 55,850 | 60,920 |
| HYDERABAD | 55,800 | 60,870 |
| LUCKNOW | 55,950 | 61,020 |
Gold Price in India
Gold rates in India are decided through several factors including global demand, government policies and currency. In case the Indian rupee slides against US dollar, the price of gold will increase.
Silver Price in India
The price of silver remained unchanged on Saturday. In India, the rates of silver are determined by factors including industrial demand, gold rates, inflation etc. If the price of gold increases, the silver price will also increase. The industrial firms use silver for production of various commodities like jewellery, coins, medals etc.Also, it is easier to influence the silver market through large trades and purchases.
gold prices witnessed a minor drop. Currently, the 24 carat gold (10 grams) is priced at Rs 60,870 while 22 carat gold (10 grams) is at Rs 55,800. Pure gold and standard gold both decreased by Rs 110 and Rs 100, respectively, in the last 24 hours.
Currently, pure gold is trading at over Rs 61,000 in the cities of Tamil Nadu. In Chennai, 24 carat gold (10 grams) is priced at Rs 61,530 while standard gold (10 grams) is at Rs 56,400. Similarly, same prices are observed from other prominent cities of Tamil Nadu like Coimbatore, Erode and Madurai.
Ten grams of standard gold cost Rs 55,950 in Delhi whereas ten grams of pure gold cost Rs 61,020. Ten grams of 22 carat gold cost Rs 55,800 in Mumbai, whereas ten grams of 24 carat gold cost Rs 60,870. Ten grams of standard gold cost Rs 60,870 in Kolkata, whereas ten grams of pure gold cost Rs 55,800.
In Hyderabad, ten grams of 24 carat gold is priced at Rs 60,870 and ten grams of 22 carat gold is Rs 55,800. In Ahmedabad, pure gold (ten grams) is priced at Rs 60,920 and standard gold (ten grams) is priced at Rs 55,850. In Jaipur, ten grams of pure gold is at Rs 61,020 and ten grams of standard gold is at Rs 55,950.
