Gold Rate Today 3 December 2023, Gold Prices in India 22 & 24 Carat

In today’s ever-changing financial landscape, keeping track of Gold Rate Today 3 December 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 | 1 kg Gold Price in India 3 December 2023, Gold Rate Per KG 22 & 24 Carat

Gold Rate Today 3 December 2023 in India

As of today, 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 5845 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,375 per gram.

Gold Rate Today 3 December 2023 in India 22 carat gold price (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,845 5,845 0
8 Gram 46,760 46,760 0
10 Gram 58,450 58,450 0
100 Gram 5,84,500 5,84,500 0

Also Read | 1 kg Gold Price in India 3 December 2023, Gold Rate Per KG 22 & 24 Carat

Gold Rate Today 3 December 2023 in India 24 carat gold price (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,375 6,375 0
8 Gram 51,008 51,008 0
10 Gram 63,760 63,760 0
100 Gram 6,37,600 6,37,600 0

Also Read | 1 kg Gold Price in India 3 December 2023, Gold Rate Per KG 22 & 24 Carat

Gold Rate in India 18 carat gold price (INR)

Gram18 K Today18 K YesterdayPrice Change
1 Gram 4,782 4,782 0
8 Gram 38,256 38,256 0
10 Gram 47,820 47,820 0
100 Gram 4,78,200 4,78,200 0

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 58,450 63,760
Chennai 59,150 64,530
Delhi 58,600 63,910
Bangalore 58,450 63,760
Kolkata 58,450 63,760
Jaipur 58,600 63,910
Pune 58,450 63,760
Hyderabad 58,450 63,760
Kerala 58,450 63,760
Ahmedabad 58,500 63,810
Lucknow 58,600 63,910
Patna 58,500 63,810
Nagpur 58,450 63,760
Chandigarh 58,600 63,910
Mysore 58,450 63,760
Gurgaon 58,600 63,910
Noida 58,600 63,910
Rajkot 58,500 63,810
Ludhiana 58,600 63,910
Goa 58,450 63,760

Also Read | 1 kg Gold Price in India 3 December 2023, Gold Rate Per KG 22 & 24 Carat

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

Date22 K Gold24 k gold
Dec 03, 2023 58,450 ( ~ ) 63,760 ( ~ )
Dec 02, 2023 58,450 (750▲) 63,760 (810▲)
Dec 01, 2023 57,700 (200▲) 62,950 (220▲)
Nov 30, 2023 57,500 (600▼) 62,730 (650▼)
Nov 29, 2023 58,100 (750▲) 63,380 (820▲)
Nov 28, 2023 57,350 ( ~ ) 62,560 ( ~ )
Nov 27, 2023 57,350 (250▲) 62,560 (270▲)
Nov 26, 2023 57,100 ( ~ ) 62,290 ( ~ )
Nov 25, 2023 57,100 (300▲) 62,290 (320▲)
Nov 24, 2023 56,800 ( ~ ) 61,970 ( ~ )

Also Read | 1 kg Gold Price in India 3 December 2023, Gold Rate Per KG 22 & 24 Carat

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

Country22 K Today24 K Today
Kuwait 53,696 56,799
Bahrain 53,505 56,821
Oman 54,608 57,204
Qatar 54,495 57,992
Singapore 53,638 59,508
United States 52,873 57,452
Dubai 52,711 56,966
Muscat 54,608 57,204
Abu Dhabi 52,771 56,966

Also Read | 1 kg Gold Price in India 3 December 2023, Gold Rate Per KG 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 5,860 per gram for 22k, while for 24k also known as 999 gold, prices are Rs 6,391 per gram.

Gold Rate in Delhi 22 carat gold (INR)

Gram22 K Today22 K YesterdayPrice Change
1 Gram 5,860 5,860 0
8 Gram 46,880 46,880 0
10 Gram 58,600 58,600 0
100 Gram 5,86,000 5,86,000 0

Gold Price in Delhi 24 carat gold (INR)

Gram24 K Today24 K YesterdayPrice Change
1 Gram 6,391 6,391 0
8 Gram 51,128 51,128 0
10 Gram 63,910 63,910 0
100 Gram 6,39,100 6,39,100 0

Also Read | 1 kg Gold Price in India 3 December 2023, Gold Rate Per KG 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 price 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.