Today Gold Rate in India on November 1, 2024, gold prices in India reflect a slight uptick across various purities, mirroring ongoing market dynamics and demand trends. The current rates for 22K, 24K, and 18K gold per gram provide valuable insights for investors and jewellery buyers alike, underscoring gold’s reputation as a reliable asset.
22K Gold Rate: ₹7,456/g
24K Gold Rate: ₹8,134/g
18K Gold Rate: ₹6,101/g
Today, gold rates in India stand at ₹7,456 per gram for 22K gold, while 24K gold (999 purity) is priced at ₹8,134 per gram. Meanwhile, 18K gold is valued at ₹6,101 per gram, maintaining its appeal as a hedge against inflation and a robust investment choice. This modest price increase reinforces gold’s long-term value for those prioritizing stability and growth in their portfolios.
24 Carat Gold Rate for November 1, 2024
Understanding 24K Gold
The purest form of gold, 24K or 999 gold, is priced today at ₹8,134 per gram, reflecting a slight increase from yesterday’s rate. Known for its high purity, 24K gold is primarily preferred for investment and ceremonial purposes. Due to its softness, it is less commonly used 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 | ₹8,134 | ₹8,133 | +₹1 |
| 8 grams | ₹65,072 | ₹65,064 | +₹8 |
| 10 grams | ₹81,340 | ₹81,330 | +₹10 |
| 100 grams | ₹8,13,400 | ₹8,13,300 | +₹100 |
22 Carat Gold Rate for November 1, 2024
Overview of 22K Gold Prices
22K gold, widely used in jewellery making, is priced today at ₹7,456 per gram, with a minor increase from yesterday’s rate. Valued for its balance between purity and durability, 22K gold is ideal for daily-wear jewellery and holds significance as a long-term asset in India. Investors closely monitor 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 | ₹7,456 | ₹7,455 | +₹1 |
| 8 grams | ₹59,648 | ₹59,640 | +₹8 |
| 10 grams | ₹74,560 | ₹74,550 | +₹10 |
| 100 grams | ₹7,45,600 | ₹7,45,500 | +₹100 |
18 Carat Gold Rate for November 1, 2024
What to Know About 18K Gold
18K gold, with a purity of 75%, is known for its durability and is popular for intricate jewellery designs. Priced today at ₹6,101 per gram, this rate shows a slight increase from yesterday. For those seeking a more affordable yet durable gold option, 18K gold provides a balance of value and longevity.
Price Analysis for 18K Gold by Weight
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹6,101 | ₹6,100 | +₹1 |
| 8 grams | ₹48,808 | ₹48,800 | +₹8 |
| 10 grams | ₹61,010 | ₹61,000 | +₹10 |
| 100 grams | ₹6,10,100 | ₹6,10,000 | +₹100 |
Today Gold Rates in Major Indian Cities (1 gram)
| City | 24K Today | 22K Today | 18K Today |
|---|---|---|---|
| Chennai | ₹8,134 | ₹7,456 | ₹6,141 |
| Mumbai | ₹8,134 | ₹7,456 | ₹6,101 |
| Delhi | ₹8,149 | ₹7,471 | ₹6,113 |
| Kolkata | ₹8,134 | ₹7,456 | ₹6,101 |
| Bangalore | ₹8,134 | ₹7,456 | ₹6,101 |
| Hyderabad | ₹8,134 | ₹7,456 | ₹6,101 |
| Kerala | ₹8,134 | ₹7,456 | ₹6,101 |
| Pune | ₹8,134 | ₹7,456 | ₹6,101 |
| Vadodara | ₹8,128 | ₹7,461 | ₹6,105 |
| Ahmedabad | ₹8,128 | ₹7,461 | ₹6,105 |
| Jaipur | ₹8,149 | ₹7,471 | ₹6,113 |
| Lucknow | ₹8,149 | ₹7,471 | ₹6,113 |
| Coimbatore | ₹8,134 | ₹7,456 | ₹6,141 |
| Madurai | ₹8,134 | ₹7,456 | ₹6,141 |
| Vijayawada | ₹8,134 | ₹7,456 | ₹6,101 |
| Patna | ₹8,128 | ₹7,461 | ₹6,105 |
| Nagpur | ₹8,134 | ₹7,456 | ₹6,101 |
| Chandigarh | ₹8,149 | ₹7,471 | ₹6,113 |
| Surat | ₹8,128 | ₹7,461 | ₹6,105 |
| Bhubaneswar | ₹8,134 | ₹7,456 | ₹6,101 |
Gold Rate in India for Last 10 Days (24K and 22K per gram)
| Date | 24K | 22K |
|---|---|---|
| Nov 1, 2024 | ₹8,134 (+1) | ₹7,456 (+1) |
| 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) |
| Oct 26, 2024 | ₹8,029 (+71) | ₹7,360 (+65) |
| Oct 25, 2024 | ₹7,958 (+11) | ₹7,295 (+10) |
| Oct 24, 2024 | ₹7,947 (-60) | ₹7,285 (-55) |
| Oct 23, 2024 | ₹8,007 (+43) | ₹7,340 (+40) |
Historical Gold Rate Movement (April – November 2024)
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 | +5.74% | +5.75% |
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
Tanishq, a prominent brand under the Tata Group, is synonymous with quality and purity in gold jewelry. Known for its contemporary and traditional designs, Tanishq offers a wide range of options for various occasions. The hallmark certification ensures that customers receive gold that meets the highest standards of authenticity, making Tanishq one of the most reliable names in the industry. - Kalyan Jewellers
Kalyan Jewellers is recognized for its extensive collection, which caters to diverse tastes. The brand offers everything from classic pieces to modern collections, showcasing strong regional and cultural influences in its designs. Kalyan Jewellers aims to provide customers with a memorable buying experience, making it a favorite among gold jewelry shoppers. - Malabar Gold and Diamonds
With intricate craftsmanship and a commitment to quality, Malabar Gold and Diamonds has become a household name, especially in southern India. The brand is known for its transparent pricing and premium collections, which appeal to customers seeking both elegance and value. Malabar’s expansion across India has made it a popular choice for gold jewelry. - PC Jeweller
PC Jeweller is well-regarded for its stylish and innovative designs that resonate with modern urban buyers. The brand offers a variety of gold jewelry options, suitable for both daily wear and special occasions. Its focus on contemporary aesthetics combined with traditional elements makes PC Jeweller a preferred destination for many. - Joyalukkas
Joyalukkas is celebrated for its vast reach within India and internationally, offering an extensive selection of gold jewelry that combines traditional charm with contemporary elegance. The brand’s commitment to quality and customer satisfaction has solidified its position as a trusted jeweler for gold purchases. - Tribhovandas Bhimji Zaveri (TBZ)
As one of India’s oldest jewelry brands, TBZ boasts a rich legacy and is celebrated for its exquisite craftsmanship. The brand offers beautifully intricate pieces that carry a heritage feel, appealing to customers who value tradition and artistry in their gold jewelry. - Amrapali Jewels
Amrapali is a luxury brand known for its regal and artistic designs inspired by India’s rich cultural heritage. The brand specializes in bridal and high-end jewelry, making it especially popular among those looking for unique and statement pieces that reflect their heritage. - Senco Gold and Diamonds
Based in Kolkata, Senco Gold and Diamonds is admired for its regional styles and high-quality gold craftsmanship. The brand is particularly appealing to those interested in Bengali-inspired designs, offering a wide variety of traditional and modern gold jewelry. - Reliance Jewels
As part of Reliance Industries, Reliance Jewels combines the assurance of purity with an extensive collection that balances tradition and modern aesthetics. The brand caters to various tastes and budgets, making it a versatile choice for gold jewelry shoppers. - Khazana Jewellers
Khazana Jewellers is particularly popular in South India and is known for offering a wide variety of traditional and modern gold jewelry pieces. The brand is recognized for its fine craftsmanship and strong regional presence, ensuring customers find quality gold jewelry suited to their preferences.
Buying Gold in India: Essential Factors
- Purity Levels
When buying gold jewelry, it’s crucial to check for BIS-hallmarked gold, which ensures the metal’s purity and authenticity. This certification from the Bureau of Indian Standards (BIS) guarantees that you receive quality gold, helping you avoid impurities or counterfeit products. - Pricing Factors
Gold prices fluctuate based on karat levels (e.g., 24K, 22K, and 18K). It’s essential to confirm both the purity level and applicable charges before making a purchase. Higher-purity gold, such as 24K, tends to be more expensive but is often preferred for investment. In contrast, 22K gold is commonly used for jewelry due to its balance of durability and appearance. - GST and Making Charges
In India, a 3% Goods and Services Tax (GST) applies to gold purchases. Additionally, making charges for jewelry can vary significantly depending on the design complexity. Understanding and comparing these charges across different sellers can help you save on unnecessary expenses, as making charges are typically non-refundable.
Investing in Gold vs. Other Assets
- Fixed Deposits (FDs)
Fixed deposits offer assured returns with low risk, appealing to conservative investors. However, FDs may not protect as well against inflation as gold does, making them suitable for those seeking guaranteed returns without significant market exposure. - Real Estate
Real estate is a high-value, long-term investment that can yield potentially high returns over time. However, it lacks the liquidity of gold, meaning it’s more challenging to convert into cash quickly if needed, which can be a disadvantage during financial emergencies. - Stocks and Mutual Funds
Investing in stocks and mutual funds offers the potential for high returns but comes with market risks. Gold, on the other hand, tends to be less volatile, making it an attractive option for risk-averse investors looking for stability in their portfolios.
Digital Gold: A Growing Investment Choice
Digital gold is emerging as a popular alternative, offering a convenient way to invest in gold without handling physical assets. Platforms like Paytm and Google Pay now allow users to buy, sell, and securely store digital gold in small increments. This option appeals to tech-savvy investors looking for flexibility and easy accessibility, along with the added benefit of secure storage. Digital gold enables investors to tap into the gold market from anywhere, making it an increasingly attractive choice among young and first-time investors in India.
Factors Influencing Today Gold Rate in India
- Global Economic Conditions
Gold rates are sensitive to international market trends, including interest rates and currency strength. Recent increases in gold prices align with economic uncertainties, where investors often turn to gold as a safe haven. - Domestic Demand Surge
The approaching festive season in India typically results in heightened demand for gold, putting upward pressure on prices. This seasonal demand has consistently driven price increases observed during October. - Exchange Rates and Import Duties
Since India imports a significant portion of its gold, changes in the rupee’s value against the dollar can directly impact gold prices. Import duties also influence the final price of gold in India, especially during periods of fluctuating currency strength.
Is This a Good Time to Invest in Gold?
Given the steady increase in prices, many investors view the current climate as an opportune time to consider gold investments. With consistent upward trends, gold serves as a strong hedge against inflation and economic instability. For individuals seeking a low-risk asset, gold presents a favorable option, particularly in times of fluctuating stock markets and interest rates.
Gold Investment Options
- Physical Gold
This includes traditional jewelry or bullion, allowing investors to own tangible assets. - Digital Gold
Offered by mobile wallets and online trading platforms, digital gold provides a modern approach to investing in gold without the need for physical handling. - Gold ETFs and Bonds
Ideal for those who want to invest without managing physical gold, Gold Exchange-Traded Funds (ETFs) and bonds offer a way to invest in gold while enjoying liquidity and potential returns.
Tracking Daily Gold Rate
Tracking daily gold price changes is convenient with tools like Googltimes.com. This website provides real-time updates on gold prices, offering a comprehensive look at rates for various purities, including 24K, 22K, and 18K gold, across major cities. Users can monitor current prices, daily fluctuations, and trends that reflect both national and international market influences. By visiting Googltimes.com, you can easily access accurate gold prices, helping you make informed decisions about buying or investing in gold.
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