New Delhi: Gold rate today in India (22 carat) was quoted at Rs 70,950 per 10 gram (gm) by “Good Returns .” While, 24 carat gold rate was quoted to be at Rs 77,400 per 10 gm. As far as yellow metal of 18 carat purity is concerned, its prices traded at Rs 58,050 per 10 gm on Sunday, September 29, 2024. On the other hand, silver price today was quoted to be at Rs 95,000 per kg.
Yellow metal prices have remained buoyant ever since the US Central Bank had cut interest rates few days ago. Investors have made handsome return by investing in the precious metal. As compared to last week prices, its rate currently trade around 2% higher. In last one month, its prices are up more than 5%. While, gold rate has surged around 31% in the last one year.
Gold And Silver Prices Today In Different Cities In India:
| City | Gold Price (22 carat in Rs/gm) | Silver Price (Rs/kg) |
| Delhi | 71,100 | 95,000 |
| Mumbai | 70,950 | 95,000 |
| Bengaluru | 70,950 | 85,000 |
| Chennai | 70,950 | 1,01,000 |
| Pune | 70,950 | 95,000 |
| Ahmadabad | 71,000 | 95,000 |
| Kolkata | 70,950 | 95,000 |
| Hyderabad | 70,950 | 1,01,000 |
How To Buy Gold In India?
In India there are many answers to the question ‘How to buy Gold?’ Following are the most common way of piling on reserves of the oldest commodity known to mankind:
- Physical Gold:
Physical Gold can be piled on in the form of bullions and jewellery items. Bullion means gold bars. People can purchase these in spot market (regular market) and keep at home or bank lockers.
Citizens especially women households are known for their craze with gold jewellery items in our country. During the upcoming festive season, a surge is expected in demand for such ornaments.
2. Sovereign Gold Bond
People can buy Sovereign Gold Bonds with any of the banks in the country. There is both online and offline options to subscribe the security. SGBs are considered as one of the most safest and profitable method to invest in the gold. Investors not only get tax sops but also interest return on the investment made.
3. Gold ETF
Gold Exchange Traded Funds have attracted substantial investor interest in the past. Gold ETFs are traded on exchanges. People can buy on platform of any Assest Management Company (AMC).
4. Digital Gold
This is method is the latest one of them all. People will have to open demat account to invest in Digital Gold. They will buy the yellow metal in the form of Electronic Gold Receipts. After purchase, these EGRs will be credited into their demat account. They can trade just like they buy and sell stocks.
Also Read: From Aadhaar To TDS: 6 Key Rule Changes Effective From 1st October 2024
