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| Gold prices for 22K, 24K, and 18K in India on 9th November 2024 show slight decreases. See the latest rates for investment and buying decisions |
As of 9th November 2024, the gold price in India continues to remain a key focus for investors and buyers alike. Gold has long been considered a safe haven and a hedge against inflation, making it a preferred investment in uncertain economic times. Let’s take a look at the current gold prices for 22K, 24K, and 18K gold in India.
Gold Price Update for 9th November 2024:
- 22K Gold: ₹7,275 per gram (down by ₹10)
- 24K Gold: ₹7,936 per gram (down by ₹11)
- 18K Gold: ₹5,952 per gram (down by ₹9)
These prices are sourced from reputable jewellers across India and are updated regularly to reflect the market trends. The gold market is volatile, and prices can fluctuate based on various factors, including global gold prices, currency movements, and domestic demand.
How Much Is 22K Gold Price in India on 9th November 2024?
The price of 22K gold on 9th November 2024 stands at ₹7,275 per gram, reflecting a slight decrease of ₹10 from the previous day. 22K gold is commonly used for making jewellery in India, and it remains one of the most sought-after forms of gold for consumers.
Current Price of 24K Gold Per Gram in India – November 9, 2024
For those looking to buy 24K gold (also known as 999 gold), the price today is ₹7,936 per gram, which has dropped by ₹11 compared to the previous day. 24K gold is often considered the purest form of gold available and is popular among investors and collectors who seek high-purity gold.
18K Gold Price Today in India
If you're considering buying 18K gold, the price on 9th November 2024 is ₹5,952 per gram, a decrease of ₹9 from the previous day's rate. 18K gold contains 75% pure gold, making it a cost-effective option for those looking for gold jewellery without the high price tag of 22K or 24K gold.
Gold Prices and Inflation in India
Gold has long been a perfect hedge against inflation, and many investors consider it a reliable store of value during periods of economic uncertainty. As inflation rises, the price of gold tends to increase, making it an attractive investment choice. The slight decline in gold rates today does not change the long-term trend where gold prices remain resilient to market fluctuations.
Why Gold Is a Safe Investment in 2024
Investors are increasingly looking at gold as an important part of their portfolio. With rising inflation and global uncertainties, gold remains a trusted investment. As of 9th November 2024, the current prices for 22K, 24K, and 18K gold reflect ongoing trends in the market, making it a suitable time for investors to consider purchasing gold as part of their diversification strategy.
Conclusion
Whether you are planning to buy gold jewellery or invest in gold bars or coins, the gold price per gram in India today—₹7,275 for 22K, ₹7,936 for 24K, and ₹5,952 for 18K—provides a clear snapshot of the market trends on 9th November 2024. Keep an eye on the gold price updates, as fluctuations in price can offer opportunities for both consumers and investors.
Source: This gold price data is sourced from reputed jewellers and updated regularly for accuracy. Be sure to check the latest rates before making any purchasing decisions.