Gold Price Today: The price of 24-carat gold on Tuesday increased by ₹10 in early trade on Friday, with ten grams of the yellow metal selling at ₹1,00,760, according to GoodReturns website. Silver price rose to ₹100, with one kilogram of the precious metal trading at ₹1,16,100. 22-carat gold price today witnessed an increase of ₹10, and ten grams of the yellow metal was trading at ₹92,310.
In Mumbai, the price of ten grams of 24-carat gold is equivalent to the price in Kolkata, Chennai stood at ₹1,00,760. The rate of ten grams of 24-carat gold today in Delhi is ₹1,00,910.
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The price of ten grams of 22-carat gold in Mumbai is ₹92,310, the same as in Kolkata, Bengaluru, Chennai and Hyderabad. The price of ten grams of 22-carat gold in Delhi stood at ₹92,460.
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In Delhi, one kilogram of silver is selling at ₹1,16,100, which is on par with prices in Bengaluru and Kolkata. In Chennai, one kilogram of silver stood at ₹1,26,100.
Gold Price Today: Major Cities
| City | Gold Price (22-Carat/10 gm) | Gold Price (24-Carat/10 gm) | Silver Price (Rs/kg) |
| Delhi | ₹92,460 | ₹1,00,910 | ₹1,16,100 |
| Noida | ₹92,450 | ₹1,00,910 | ₹1,16,100 |
| Lucknow | ₹1,00,910 | ₹1,00,910 | ₹1,16,100 |
| Mumbai | ₹92,300 | ₹1,00,760 | ₹1,16,100 |
| Bengaluru | ₹92,310 | ₹1,00,760 | ₹1,16,100 |
| Chennai | ₹92,310 | ₹1,00,760 | ₹1,26,100 |
| Pune | ₹92,310 | ₹1,00,760 | ₹1,16,100 |
| Ahmedabad | ₹92,360 | ₹1,00,800 | ₹1,16,100 |
| Kolkata | ₹92,310 | ₹1,00,760 | ₹1,16,100 |
| Hyderabad | ₹92,310 | ₹1,00,760 | ₹1,16,100 |
Source: Good Returns
Gold Price Today: International Market
US gold prices remained stable on Friday as investors avoided major moves before US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium, which could provide new insights into monetary policy direction.Spot gold held at $3,337.12 per ounce as of 0042 GMT. US gold futures for December delivery stayed flat at $3,380.30.
How Gold Prices In India Are Determined
Contrary to popular belief, gold prices in India aren't solely driven by physical gold demand and supply. Instead, they're significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.
Furthermore, other factors like global events, political issues, central bank decisions, and currency changes can also fuel the change in the prices of the precious metal.
How To Check The Purity Of Gold
Here are a few tips to check the purity of the gold:
1. Look for a hallmark: The best way is to look for the hallmark. 22-carat gold, also known as 916 gold, will have a hallmark stamp on its back of 916.
2. Check for the BIS Standard Mark: On all the jewellery, you can look for a triangle with the letters “BIS” underneath to ensure the purity of the gold.
3. Perform an acid test: An acid test can be performed under guidance, where you can test the gold with nitric acid to check its purity.
4. Colour test: The yellow metal always stays yellow; it remains untarnished.