Today Gold Rate in India shows a slight decrease across different purities, maintaining the metal’s role as a trusted investment amid economic fluctuations. Updated prices per gram for 22K, 24K, and 18K gold provide insight for investors and jewellery buyers alike.
- 22K Gold Rate: ₹7,369/g
- 24K Gold Rate: ₹8,039/g
- 18K Gold Rate: ₹6,029/g
As of 5th November 2024, the price of 22K gold in India stands at ₹7,369 per gram, while 24K gold (999 purity) is valued at ₹8,039 per gram. The rate for 18K gold is ₹6,029 per gram. This slight dip in prices underscores gold’s importance as a hedge against inflation, making it a valuable asset for those focused on portfolio resilience and long-term growth.
24 Carat Gold Rate for November 5, 2024
Understanding 24K Gold
The purest form of gold, 24K or 999 gold, is priced today at ₹8,039 per gram, reflecting a slight decrease of ₹1 from yesterday’s rate. Known for its high purity, 24K gold is primarily used for investment and ceremonial purposes. Due to its softness, it is less common in jewellery but remains a popular choice for wealth preservation.
Price Breakdown for 24K Gold by Weight
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹8,039 | ₹8,040 | – ₹1 |
| 8 grams | ₹64,312 | ₹64,320 | – ₹8 |
| 10 grams | ₹80,390 | ₹80,400 | – ₹10 |
| 100 grams | ₹8,03,900 | ₹8,04,000 | – ₹100 |
22 Carat Gold Rate for November 5, 2024
Overview of 22K Gold Prices
22K gold, commonly used in jewellery making, is priced today at ₹7,369 per gram, a slight drop of ₹1 from yesterday’s rate. Valued for its balance of purity and durability, 22K gold is ideal for daily-wear jewellery and is a significant long-term asset in India. Investors keep a close watch on daily fluctuations, as gold remains a reliable hedge against inflation.
Price Comparison for 22K Gold by Weight
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹7,369 | ₹7,370 | – ₹1 |
| 8 grams | ₹58,952 | ₹58,960 | – ₹8 |
| 10 grams | ₹73,690 | ₹73,700 | – ₹10 |
| 100 grams | ₹7,36,900 | ₹7,37,000 | – ₹100 |
18 Carat Gold Rate for November 5, 2024
What to Know About 18K Gold
18K gold, with a purity of 75%, is recognized for its durability and popularity in intricate jewellery designs. Priced today at ₹6,029 per gram, it has decreased by ₹1 from yesterday. For those seeking a more affordable yet durable gold option, 18K gold offers a balance of value and longevity.
Price Analysis for 18K Gold by Weight
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹6,029 | ₹6,030 | – ₹1 |
| 8 grams | ₹48,232 | ₹48,240 | – ₹8 |
| 10 grams | ₹60,290 | ₹60,300 | – ₹10 |
| 100 grams | ₹6,02,900 | ₹6,03,000 | – ₹100 |
Today Gold Rates in Major Indian Cities (1 gram)
| City | 24K Today | 22K Today | 18K Today |
|---|---|---|---|
| Chennai | ₹8,039 | ₹7,369 | ₹6,074 |
| Mumbai | ₹8,039 | ₹7,369 | ₹6,029 |
| Delhi | ₹8,054 | ₹7,379 | ₹6,037 |
| Kolkata | ₹8,039 | ₹7,369 | ₹6,029 |
| Bangalore | ₹8,039 | ₹7,369 | ₹6,029 |
| Hyderabad | ₹8,039 | ₹7,369 | ₹6,029 |
| Kerala | ₹8,039 | ₹7,369 | ₹6,029 |
| Pune | ₹8,039 | ₹7,369 | ₹6,029 |
| Vadodara | ₹8,044 | ₹7,374 | ₹6,033 |
| Ahmedabad | ₹8,044 | ₹7,374 | ₹6,033 |
| Jaipur | ₹8,054 | ₹7,379 | ₹6,037 |
| Lucknow | ₹8,054 | ₹7,379 | ₹6,037 |
| Coimbatore | ₹8,039 | ₹7,369 | ₹6,074 |
| Madurai | ₹8,039 | ₹7,369 | ₹6,074 |
| Vijayawada | ₹8,039 | ₹7,369 | ₹6,029 |
| Patna | ₹8,044 | ₹7,374 | ₹6,033 |
| Nagpur | ₹8,039 | ₹7,369 | ₹6,029 |
| Chandigarh | ₹8,054 | ₹7,379 | ₹6,037 |
| Surat | ₹8,044 | ₹7,374 | ₹6,033 |
| Bhubaneswar | ₹8,039 | ₹7,369 | ₹6,029 |
Gold Rate in India for Last 10 Days (24K and 22K per gram)
| Date | 24K | 22K |
|---|---|---|
| Nov 5, 2024 | ₹8,039 (-1) | ₹7,369 (-1) |
| Nov 4, 2024 | ₹8,040 (0) | ₹7,370 (0) |
| Nov 3, 2024 | ₹8,040 (0) | ₹7,370 (0) |
| Nov 2, 2024 | ₹8,040 (-16) | ₹7,370 (-15) |
| Nov 1, 2024 | ₹8,056 (-77) | ₹7,385 (-70) |
| Oct 31, 2024 | ₹8,133 (+17) | ₹7,455 (+15) |
| Oct 30, 2024 | ₹8,116 (+71) | ₹7,440 (+65) |
| Oct 29, 2024 | ₹8,045 (+65) | ₹7,375 (+60) |
| Oct 28, 2024 | ₹7,980 (-49) | ₹7,315 (-45) |
| Oct 27, 2024 | ₹8,029 (0) | ₹7,360 (0) |
Historical Gold Rate Movement (October – November 2024)
November 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st November | ₹8,056 | ₹7,385 |
| 5th November | ₹8,039 | ₹7,369 |
| Highest | ₹8,056 (1 Nov) | ₹7,385 (1 Nov) |
| Lowest | ₹8,039 (5 Nov) | ₹7,369 (5 Nov) |
| Overall Performance | Falling | Falling |
| % Change | -0.21% | -0.22% |
October 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st October | ₹7,691 | ₹7,050 |
| 31st October | ₹8,133 | ₹7,455 |
| Highest | ₹8,133 (31 Oct) | ₹7,455 (31 Oct) |
| Lowest | ₹7,664 (10 Oct) | ₹7,025 (10 Oct) |
| Overall Performance | Rising | Rising |
| % Change | +5.75% | +5.74% |
September 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st September | ₹7,304 | ₹6,695 |
| 30th September | ₹7,724 | ₹7,080 |
| Highest | ₹7,745 (27 Sept) | ₹7,100 (27 Sept) |
| Lowest | ₹7,276 (4 Sept) | ₹6,669 (4 Sept) |
| Overall Performance | Rising | Rising |
| % Change | +5.75% | +5.75% |
August 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st August | ₹7,036 | ₹6,450 |
| 31st August | ₹7,304 | ₹6,695 |
| Highest | ₹7,325 (28 Aug) | ₹6,715 (28 Aug) |
| Lowest | ₹6,927 (7 Aug) | ₹6,350 (7 Aug) |
| Overall Performance | Rising | Rising |
| % Change | +3.81% | +3.80% |
July 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st July | ₹7,228 | ₹6,625 |
| 31st July | ₹6,982 | ₹6,400 |
| Highest | ₹7,500 (17 July) | ₹6,875 (17 July) |
| Lowest | ₹6,873 (26 July) | ₹6,300 (26 July) |
| Overall Performance | Falling | Falling |
| % Change | -3.40% | -3.40% |
June 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st June | ₹7,255 | ₹6,650 |
| 30th June | ₹7,228 | ₹6,625 |
| Highest | ₹7,375 (7 June) | ₹6,760 (7 June) |
| Lowest | ₹7,167 (8 June) | ₹6,570 (8 June) |
| Overall Performance | Falling | Falling |
| % Change | -0.37% | -0.38% |
May 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st May | ₹7,151 | ₹6,555 |
| 31st May | ₹7,276 | ₹6,670 |
| Highest | ₹7,516 (20 May) | ₹6,890 (20 May) |
| Lowest | ₹7,151 (1 May) | ₹6,555 (1 May) |
| Overall Performance | Rising | Rising |
| % Change | +1.75% | +1.75% |
April 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st April | ₹6,938 | ₹6,360 |
| 30th April | ₹7,260 | ₹6,655 |
| Highest | ₹7,434 (19 Apr) | ₹6,815 (19 Apr) |
| Lowest | ₹6,911 (2 Apr) | ₹6,335 (2 Apr) |
| Overall Performance | Rising | Rising |
| % Change | +4.64% | +4.64% |
Top Jewellers for Buying Gold Jewellery in India
- Tanishq
A flagship brand of the Tata Group, Tanishq is synonymous with quality and purity. Known for its contemporary and traditional designs, Tanishq offers a diverse range of jewellery for every occasion. With BIS hallmark certification, customers are assured of authentic gold that meets the highest standards, establishing Tanishq as a trusted name in the industry. - Kalyan Jewellers
Catering to varied tastes, Kalyan Jewellers features an extensive collection of gold pieces, from classic designs to modern collections influenced by regional and cultural themes. Their focus on customer experience makes Kalyan a preferred choice for gold jewellery shoppers across India. - Malabar Gold and Diamonds
With a reputation for intricate craftsmanship and quality, Malabar Gold and Diamonds is a household name, especially in southern India. Known for transparent pricing and premium collections, Malabar’s appeal lies in its blend of elegance and value, making it popular nationwide. - PC Jeweller
PC Jeweller is known for stylish and innovative designs that resonate with urban buyers. Offering a wide array of jewelry suitable for daily wear and special occasions, PC Jeweller combines contemporary aesthetics with traditional elements, appealing to a diverse clientele. - Joyalukkas
A leading jeweler in India and globally, Joyalukkas offers an extensive selection that combines traditional charm with modern elegance. Their dedication to quality and customer satisfaction has made them a top choice for gold jewellery purchases. - Tribhovandas Bhimji Zaveri (TBZ)
As one of India’s oldest jewelry brands, TBZ is celebrated for its exquisite craftsmanship. Known for its intricate designs, TBZ appeals to customers who value tradition and artistry in gold jewellery. - Amrapali Jewels
A luxury brand, Amrapali Jewels specializes in regal and artistic designs inspired by India’s cultural heritage. Known for bridal and high-end jewellery, Amrapali is popular among those seeking unique pieces that reflect heritage. - Senco Gold and Diamonds
Based in Kolkata, Senco Gold and Diamonds is admired for its regional styles and quality craftsmanship. Known for Bengali-inspired designs, Senco offers a wide variety of traditional and modern jewellery. - Reliance Jewels
A part of Reliance Industries, Reliance Jewels combines purity assurance with a vast collection that balances tradition and modern aesthetics. Their collection caters to various tastes and budgets, making it a versatile option for shoppers. - Khazana Jewellers
Known for its fine craftsmanship and strong presence in South India, Khazana Jewellers offers a variety of traditional and modern gold pieces, ensuring quality and regional relevance for their customers.
Investing in Gold vs. Other Assets
Fixed Deposits (FDs)
Fixed deposits provide assured returns with minimal risk, appealing to conservative investors. However, FDs may not keep pace with inflation as well as gold does, making them suitable for investors seeking steady, guaranteed returns without significant market exposure.
Real Estate
Real estate is a high-value, long-term investment offering potentially high returns. However, it lacks the liquidity of gold, which can be more readily converted into cash. This lack of liquidity can be a disadvantage during financial emergencies when quick access to funds is necessary.
Stocks and Mutual Funds
Stocks and mutual funds offer potentially high returns but come with market risks. Gold, by contrast, tends to be less volatile and is often favored by risk-averse investors looking for stability. For those seeking balance in their portfolios, gold offers a hedge against economic fluctuations.
Digital Gold: A Growing Investment Choice
Digital gold is an emerging alternative that enables investors to purchase, store, and sell gold without handling physical assets. Available on platforms like Paytm and Google Pay, digital gold allows small-scale investment in gold with secure storage provided by the platform. This option is especially attractive to tech-savvy investors looking for flexibility and accessibility in their gold investments, offering an easy entry into the gold market from anywhere.
Factors Influencing Today’s Gold Rate in India
Global Economic Conditions
Gold prices are highly responsive to global economic factors, including changes in interest rates, inflation, and currency values. In times of economic uncertainty, such as during stock market fluctuations, gold often gains appeal as a safe asset, driving up its price.
Domestic Demand Surge
The demand for gold in India typically increases during the festive season and wedding periods, pushing up prices. This seasonal demand is a significant factor behind the gold price surge observed during these times, especially in October and November.
Exchange Rates and Import Duties
India imports a substantial portion of its gold, meaning fluctuations in the rupee’s value against the dollar directly affect gold prices. Import duties on gold also play a role, as they increase the final cost to consumers, especially during periods of currency strength or weakness.
Is This a Good Time to Invest in Gold?
With gold prices steadily increasing, many investors view the current period as favorable for gold investment. Gold’s ability to act as a hedge against inflation and economic instability makes it an appealing choice, particularly when stock markets and interest rates are unpredictable. For investors seeking a low-risk asset, gold remains a compelling option.
Gold Investment Options
Physical Gold
Physical gold includes traditional jewelry and bullion, allowing investors to own a tangible asset. This is a classic choice for those who value holding physical gold.
Digital Gold
Digital gold, available through mobile wallets and online platforms, offers a modern approach to gold investment without the need for physical handling or storage.
Gold ETFs and Bonds
For investors who prefer not to manage physical gold, Gold Exchange-Traded Funds (ETFs) and bonds provide an alternative. They allow investors to benefit from the liquidity and flexibility of gold while avoiding storage concerns.
Tracking Daily Gold Rates
For real-time gold rate updates, platforms like Googltimes.com offer convenient tracking tools. Users can monitor prices for various gold purities, including 24K, 22K, and 18K, across major cities. With this information, users can make well-informed decisions about buying or investing in gold by observing both national and international trends affecting the price.
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