Gold Rate Today 29 October 2023, Gold Prices in India 22 & 24 Carat

In today’s ever-changing financial landscape, keeping track of Gold Rate Today 29 October 2023 in India is of utmost importance. Whether you are a seasoned investor, a jeweler, or simply someone interested in the economic trends of the nation, knowing the current gold rates can significantly impact your decisions.

Vaarta bharat will provide you with up-to-date information on gold prices in India, including historical context, factors influencing the prices, and how to make the most of this valuable data.

Introduction

Gold has been a symbol of wealth and prosperity in India for centuries. Its value transcends mere economic considerations, often taking on cultural and emotional significance. Understanding the dynamics of gold prices in India is essential, as it affects not only individual investors but also the broader economy.

Also Read | Gold Price Today in Ludhiana 29 October 2023, Gold Rates in Punjab 22 & 24 Carat

Gold Rate Today 29 October 2023 in India

As of 29 October 2023, the value of Gold is especially important for experts. Following the price of gold is important for those who view it as an investment and who want to check the stability of its value.

Taken from jewellers. Gold prices in India today are Rs 5,741▲ per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,263▲ per gram.

Gold Rate Today 29 October 2023 in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,741 5,740 1 ▲
8 Gram 45,928 45,920 8 ▲
10 Gram 57,410 57,400 10 ▲
100 Gram 5,74,100 5,74,400 100 ▲

Also Read | Gold Price Today in Ludhiana 29 October 2023, Gold Rates in Punjab 22 & 24 Carat

Gold Rate Today 29 October 2023 in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,263 6,262 1 ▲
8 Gram 50,104 50,096 8 ▲
10 Gram 62,630 62,620 10 ▲
100 Gram 6,26,300 6,26,200 100 ▲

You should keep in mind that small fluctuations can occur in the value of gold, and this may include market conditions, economic signals, and global events.

Gold Price in Indian Major Cities (10 g):-

City22 K Today24 K Today
Mumbai 57,410 62,630
Chennai 57,710 62,960
Delhi 57,560 62,780
Bangalore 57,410 62,630
Kolkata 57,410 62,630
Jaipur 57,560 62,780
Pune 57,410 62,630
Hyderabad 57,410 62,630
Kerala 57,410 62,630

Also Read | Gold Price Today in Ludhiana 29 October 2023, Gold Rates in Punjab 22 & 24 Carat

Gold Price in India Last 10 Days(10 g):-

Date22 K Gold24 k gold
Oct 29, 2023 57,410 (10▲) 62,630 (10▲)
Oct 28, 2023 57,400 (600▲) 62,620 (660▲)
Oct 27, 2023 56,800 ( ~ ) 61,960 ( ~ )
Oct 26, 2023 56,800 (150▲) 61,960 (160▲)
Oct 25, 2023 56,650 (100▲) 61,800 (110▲)
Oct 24, 2023 56,550 (200▲) 61,690 (240▲)
Oct 23, 2023 56,350 (250▼) 61,450 (300▼)
Oct 22, 2023 56,600 ( ~ ) 61,750 ( ~ )
Oct 21, 2023 56,600 (200▲) 61,750 (220▲)
Oct 20, 2023 56,400 (700▲) 61,530 (770▲)

Gold Price in Major Countries (22 carat & 24 carat)

Country22 K Today24 K Today
Kuwait 52,107 54,934
Bahrain 51,219 54,310
Oman 52,992 55,479
Qatar 52,855 56,166
Singapore 51,944 57,716
United States 51,212 55,376
Dubai 51,009 55,090
Kuala Lumpur 51,930 54,719
Abu Dhabi 51,009 55,090

Also Read | Gold Price Today in Ludhiana 29 October 2023, Gold Rates in Punjab 22 & 24 Carat

Gold Rate in Delhi 22 & 24 Carat

As of today, the price of gold changes day to day. As per recent date, gold prices in Delhi today are Rs 5,756 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,278 per gram.

Gold Rate in Delhi 22 carat gold (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,756 5,755 1 ▲
8 Gram 46,048 46,040 8 ▲
10 Gram 57,560 57,550 10 ▲
100 Gram 5,75,600 5,75,500 100 ▲

Gold Price in Delhi 24 carat gold (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,278 6,277 1 ▲
8 Gram 50,224 50,216 8 ▲
10 Gram 62,780 62,770 10 ▲
100 Gram 6,27,800 6,27,100 100 ▲

Also Read | Gold Price Today in Ludhiana 29 October 2023, Gold Rates in Punjab 22 & 24 Carat

Factors Influencing Gold Prices

Global Economic Conditions

The global economic climate plays a pivotal role in determining gold prices. During times of economic uncertainty, investors often flock to gold as a safe-haven asset, driving up its demand and price.

Currency Fluctuations

 Gold rate are closely tied to currency fluctuations, particularly the strength of the Indian Rupee against the US Dollar. A weaker Rupee typically leads to higher gold prices.

Geopolitical Events

Political instability, conflicts, and international events can create sudden spikes in gold prices as investors seek refuge from uncertainty.

Demand and Supply Dynamics

The basic principles of supply and demand also apply to gold. Increased demand, especially during festive seasons, can drive prices up.

Central Bank Policies

Decisions made by central banks, such as interest rate changes or monetary easing, can impact gold rates. Lower interest rates often lead to higher gold prices.

How Gold Prices Are Determined in India

In India, gold prices are primarily determined by the bullion markets, where physical gold is bought and sold. These prices are influenced by various factors, including import duties and taxes and the exchange rate between the Rupee and the Dollar.

To make informed decisions about gold investments, it’s essential to review historical price trends. Over the last decade, gold rates in India have experienced significant fluctuations.

The Role of Gold in Indian Culture

Gold is deeply embedded in Indian culture, from weddings to festivals. It’s not just a form of investment; it’s a symbol of tradition and prosperity.

Investing in Gold: Strategies and Options

Investors have multiple avenues for investing in gold, ranging from physical gold to Gold Exchange-Traded Funds (ETFs). Timing and diversification strategies can maximize returns.

Where to Find Reliable Gold Price Information

Accessing accurate and up-to-date gold price information is crucial. Reliable sources include government websites, financial news portals, and mobile apps.

How to Interpret Gold Price Data

Understanding gold price charts and patterns can help investors make educated predictions about future price movements.

The Impact of Gold Prices on Other Assets

Gold rates can have a ripple effect on other asset classes, including stocks, real estate, and even cryptocurrencies.

Buying and Selling Gold in India

Navigating the Indian gold market involves various options, from traditional jewelry stores to online platforms. Each has its pros and cons.

Safety and Security Concerns

Storing physical gold safely and being aware of potential scams is paramount when dealing with this precious metal.

Taxation on Gold Transactions

Investors need to be aware of taxation rules, including capital gains tax and GST on making charges, when buying or selling gold.

Gold Price Predictions for the Near Future

Expert opinions and market sentiments often provide valuable insights into where gold prices might be headed.

Understanding gold rate today in India is not just a financial endeavor but a cultural and economic one. Armed with knowledge, individuals and businesses can make informed decisions, ensuring that gold remains a valuable part of their portfolios.