Gold Price in India, December 16, 2024

Gold Price Overview (Today):

As of December 16, 2024, the gold price in India has shown no change compared to the previous day.

24K Gold                (Per Gram)

22K Gold             (Per Gram)

₹7,789 (0)

₹7,140 (0)

 

Gold price comparison for 24K and 22K gold in major Indian cities and select foreign countries on December 16, 2024
Gold prices for 24K and 22K gold per gram in major Indian cities as of December 16, 2024. Prices remain stable compared to the previous day, with international prices also outlined

Gold Price in Major Indian Cities:

City

24K Gold Price (per gram)

22K Gold Price (per gram)

Mumbai

₹7,789

₹7,140

Delhi

₹7,804

₹7,155

Chennai

₹7,789

₹7,140

Kolkata

₹7,789

₹7,140

Bangalore

₹7,789

₹7,140

Note: Prices may vary based on local taxes, jewelry shop premiums, and market conditions.

1-Week Gold Price Comparison in India:

Date

24K Gold Price (per gram)

22K Gold Price (per gram)

Today

₹7,789 (0)

₹7,140 (0)

December 15,2024

₹7,789 (0)

₹7,140 (0)

December 14,2024

₹7,789 (-98)

₹7,140 (-90)

December 13,2024

₹7,887 (-60)

₹7,230 (-55)

December 12, 2024

₹7,947 (0)

₹7,285 (0)

December 11, 2024

₹7,947 (+87)

₹7,285 (+80)

December 10, 2024

₹7,860 (+82)

₹7,205 (+75)

This table gives you a quick look at how the gold prices have fluctuated over the past week in India, helping you track trends and make informed decisions.

Gold Prices in Select Foreign Countries (Today):

Country

24K Gold Price (per gram)

22K Gold Price (per gram)

United States

$83

$ 78

Malaysia

MYR 378

MYR 363

Qatar

QAR 322

QAR 300.50

Dubai

AED 321.25

AED 297.50

Saudi Arabia

SAR 327

SAR 303

Note: Foreign gold prices based on the exchange rate and international market trends.

Why is Gold Price Fluctuating?

Gold prices fluctuate daily due to a variety of factors, including:

  • Global Economic Conditions: International markets, inflation rates, and economic indicators influence gold prices worldwide.
  • Rupee-Dollar Exchange Rate: The strength of the Indian Rupee against the U.S. Dollar plays a critical role in the domestic gold price.
  • Global Demand: Increasing demand during festive seasons or geopolitical events can drive prices higher 

 Which One Should You Choose?

  • If you're looking to invest in gold or want a pure gold product, 24K gold is the right choice.
  • If you're buying jewelry that will be worn frequently or want a balance between durability and purity, 22K gold is the better option.

Both types of gold have their own advantages depending on your needs—whether you prioritize purity, durability, or price.

 

Conclusion:

Gold prices are continuously changing based on multiple global and domestic factors. It's important to stay updated with daily and weekly trends before making any buying or selling decisions. Whether you're investing in gold as a commodity or purchasing it for personal use, knowing the right time to buy is key.

Stay tuned for tomorrow's update on the latest gold prices. If you have any feel free to leave a comment or reach out to us directly.

For additional details and updates on gold prices, visit:
Goodreturns Gold Rates


Disclaimer: Gold prices are indicative and may vary based on city, taxes, premiums, and local market conditions. Always verify the price before purchasing.

 

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