Today Gold Rate in India on October 26, 2024, gold prices in India show an upward trend across different gold purities, marking a noticeable shift from previous days. The prices for 22K, 24K, and 18K gold per gram have all increased, which reflects both domestic demand and global market fluctuations. For investors, buyers, and jewelry enthusiasts, these updates provide valuable insights into the current gold market.
22K Gold Rate: ₹7,360/g (+₹65)
24K Gold Rate: ₹8,029/g (+₹71)
18K Gold Rate: ₹6,022/g (+₹53)
Today, gold rates in India have seen a noticeable rise across all karat levels. The 22K gold rate stands at ₹7,360 per gram, a rise of ₹65 from the previous day, while the 24K (999 gold) is priced at ₹8,029 per gram, reflecting an increase of ₹71. This upward trend extends to 18K gold, now priced at ₹6,022 per gram, up by ₹53.Gold continues to attract interest as a secure investment and an effective means to counter inflation. With today’s increasing rates, investors are likely evaluating options to either hold or increase their gold assets.
24 Carat Gold Rate for October 26, 2024
Understanding 24K Gold
The purest form of gold, 24K or 999 gold, is priced today at ₹8,029 per gram, up by ₹71 from the previous day. Known for its high purity, 24K gold is often chosen for investment and ceremonial purposes. Because of its soft and malleable nature, it is less suitable for jewelry but remains a preferred asset for wealth preservation.
Price Breakdown for 24K Gold by Weight
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹8,029 | ₹7,958 | +₹71 |
| 8 grams | ₹64,232 | ₹63,664 | +₹568 |
| 10 grams | ₹80,290 | ₹79,580 | +₹710 |
| 100 grams | ₹8,02,900 | ₹7,95,800 | +₹7,100 |
22 Carat Gold Rate for October 26, 2024
Overview of 22K Gold Prices
22K gold, often used in jewelry making, has reached ₹7,360 per gram today. This is an increase of ₹65 per gram compared to yesterday. Many buyers in India favor 22K gold for its balance between purity and durability, making it ideal for daily-wear jewelry. With this increase, individuals and investors keen on gold as a long-term asset are closely watching its daily price fluctuations.
Price Comparison for 22K Gold by Weight
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹7,360 | ₹7,295 | +₹65 |
| 8 grams | ₹58,880 | ₹58,360 | +₹520 |
| 10 grams | ₹73,600 | ₹72,950 | +₹650 |
| 100 grams | ₹7,36,000 | ₹7,29,500 | +₹6,500 |
18 Carat Gold Rate for October 26, 2024
What to Know About 18K Gold
18K gold, with a purity of 75%, is popular for its durability, making it a preferred choice for intricate jewelry designs. On October 26, 2024, 18K gold is priced at ₹6,022 per gram, reflecting an increase of ₹53. For those seeking more affordable gold options, 18K gold offers a blend of budget-friendly pricing and durability.
Price Analysis for 18K Gold by Weight
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹6,022 | ₹5,969 | +₹53 |
| 8 grams | ₹48,176 | ₹47,752 | +₹424 |
| 10 grams | ₹60,220 | ₹59,690 | +₹530 |
| 100 grams | ₹6,02,200 | ₹5,96,900 | +₹5,300 |
* The above gold rates are indicative and exclude GST, TCS, and other levies. For exact rates, please contact your local jeweller.
Gold Rates in Major Indian Cities (1 gram)
| City | 22K Today | 24K Today | 18K Today |
|---|---|---|---|
| Chennai | ₹ 7,360 | ₹ 8,029 | ₹ 6,060 |
| Mumbai | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
| Delhi | ₹ 7,375 | ₹ 8,044 | ₹ 6,034 |
| Kolkata | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
| Bangalore | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
| Hyderabad | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
| Kerala | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
| Pune | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
| Vadodara | ₹ 7,365 | ₹ 8,034 | ₹ 6,026 |
| Ahmedabad | ₹ 7,365 | ₹ 8,034 | ₹ 6,026 |
| Jaipur | ₹ 7,375 | ₹ 8,044 | ₹ 6,034 |
| Lucknow | ₹ 7,375 | ₹ 8,044 | ₹ 6,034 |
| Coimbatore | ₹ 7,360 | ₹ 8,029 | ₹ 6,060 |
| Madurai | ₹ 7,360 | ₹ 8,029 | ₹ 6,060 |
| Vijayawada | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
| Patna | ₹ 7,365 | ₹ 8,034 | ₹ 6,026 |
| Nagpur | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
| Chandigarh | ₹ 7,375 | ₹ 8,044 | ₹ 6,034 |
| Surat | ₹ 7,365 | ₹ 8,034 | ₹ 6,026 |
| Bhubaneswar | ₹ 7,360 | ₹ 8,029 | ₹ 6,022 |
Historical Gold Rate Movement (April – October 2024)
October 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st October | ₹7,050 | ₹7,691 |
| 26th October | ₹7,360 | ₹8,029 |
| Highest | ₹7,360 (26 Oct) | ₹8,029 (26 Oct) |
| Lowest | ₹7,025 (10 Oct) | ₹7,664 (10 Oct) |
| Overall Performance | Rising | Rising |
| % Change | +4.40% | +4.39% |
September 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st September | ₹6,695 | ₹7,304 |
| 30th September | ₹7,080 | ₹7,724 |
| Highest | ₹7,100 (27 Sept) | ₹7,745 (27 Sept) |
| Lowest | ₹6,669 (4 Sept) | ₹7,276 (4 Sept) |
| Overall Performance | Rising | Rising |
| % Change | +5.75% | +5.75% |
August 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st August | ₹6,450 | ₹7,036 |
| 31st August | ₹6,695 | ₹7,304 |
| Highest | ₹6,715 (28 Aug) | ₹7,325 (28 Aug) |
| Lowest | ₹6,350 (7 Aug) | ₹6,927 (7 Aug) |
| Overall Performance | Rising | Rising |
| % Change | +3.80% | +3.81% |
July 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st July | ₹6,625 | ₹7,228 |
| 31st July | ₹6,400 | ₹6,982 |
| Highest | ₹6,875 (17 July) | ₹7,500 (17 July) |
| Lowest | ₹6,300 (26 July) | ₹6,873 (26 July) |
| Overall Performance | Falling | Falling |
| % Change | -3.40% | -3.40% |
June 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st June | ₹6,650 | ₹7,255 |
| 30th June | ₹6,625 | ₹7,228 |
| Highest | ₹6,760 (7 June) | ₹7,375 (7 June) |
| Lowest | ₹6,570 (8 June) | ₹7,167 (8 June) |
| Overall Performance | Falling | Falling |
| % Change | -0.38% | -0.37% |
May 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st May | ₹6,555 | ₹7,151 |
| 31st May | ₹6,670 | ₹7,276 |
| Highest | ₹6,890 (20 May) | ₹7,516 (20 May) |
| Lowest | ₹6,555 (1 May) | ₹7,151 (1 May) |
| Overall Performance | Rising | Rising |
| % Change | +1.75% | +1.75% |
April 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st April | ₹6,360 | ₹6,938 |
| 30th April | ₹6,655 | ₹7,260 |
| Highest | ₹6,815 (19 Apr) | ₹7,434 (19 Apr) |
| Lowest | ₹6,335 (2 Apr) | ₹6,911 (2 Apr) |
| Overall Performance | Rising | Rising |
| % Change | +4.64% | +4.64% |
Best Jewellers To buying gold jewellery in india
India’s rich tradition of gold jewelry is reflected in its top jewelers, each offering exquisite designs, assured quality, and a trustworthy buying experience. Here are ten of the best jewelers in India to consider when buying gold jewelry:
- Tanishq – A part of the Tata Group, Tanishq is synonymous with quality and purity, offering contemporary and traditional designs with hallmark certification, making it one of the most reliable names across the country.
- Kalyan Jewellers – Known for its wide range of styles, Kalyan Jewellers offers everything from classic pieces to modern collections, appealing to diverse tastes with strong regional and cultural influences.
- Malabar Gold and Diamonds – With its intricate craftsmanship and premium collections, Malabar has become a household name, especially in the southern states, but has expanded nationwide, gaining popularity for its transparency in pricing.
- PC Jeweller – This brand is well-regarded for its stylish and innovative designs, making it a favorite for modern, urban buyers looking for both daily wear and statement pieces.
- Joyalukkas – Known for its wide reach within India and internationally, Joyalukkas is loved for its extensive selection that combines traditional charm with contemporary elegance.
- Tribhovandas Bhimji Zaveri (TBZ) – One of India’s oldest jewelry brands, TBZ is celebrated for its legacy and exquisite craftsmanship, offering beautifully intricate pieces that carry a heritage feel.
- Amrapali Jewels – A luxury brand, Amrapali is known for its regal and artistic designs inspired by India’s rich cultural heritage, making it especially popular for bridal and high-end jewelry.
- Senco Gold and Diamonds – Based out of Kolkata, Senco is admired for its regional styles and high-quality gold craftsmanship, especially appealing to those looking for Bengali-inspired designs.
- Reliance Jewels – Part of Reliance Industries, this brand combines the assurance of purity with an extensive collection that balances tradition and modern aesthetics, catering to various tastes and budgets.
- Khazana Jewellers – Particularly popular in South India, Khazana offers a wide variety of traditional and modern gold jewelry pieces, known for their fine craftsmanship and strong presence across the region.
Buying Gold in India: Key Factors to Keep in Mind
Purity Levels: Check that the gold is BIS-hallmarked, as this certification from the Bureau of Indian Standards (BIS) guarantees the gold’s purity and authenticity. Hallmarked gold ensures you get the quality you’re paying for, helping you avoid impurities or counterfeit products.
Pricing Factors: Gold prices fluctuate based on karat levels (e.g., 24K, 22K, and 18K), so it’s crucial to confirm both the purity level and applicable charges before purchasing. Higher-purity gold, such as 24K, is more expensive but often preferred for investment, while 22K is commonly used for jewelry.
GST and Making Charges: In India, a 3% Goods and Services Tax (GST) applies to gold purchases, and making charges for jewelry can vary significantly depending on the design and complexity. These charges are typically non-refundable, so understanding and comparing them across different sellers can help you save on unnecessary expenses.
Investing in Gold vs. Other Assets
Gold is a trusted investment choice in India due to its stability, but comparing it to other asset types can help you diversify your portfolio:
Fixed Deposits (FDs): FDs offer assured returns with low risk, though they don’t protect as well against inflation as gold does. FDs are suitable for investors seeking guaranteed returns, while gold can act as a hedge against currency devaluation and economic uncertainty.
Real Estate: Real estate is a high-value, long-term investment, providing potentially high returns over time. However, it lacks the liquidity of gold, meaning it’s harder to quickly convert into cash if needed.
Stocks and Mutual Funds: With the potential for high returns, stocks and mutual funds allow for wealth growth, though they come with market risks. Gold, however, tends to be less volatile, making it ideal for risk-averse investors.
Digital Gold and Its Growing Popularity
Digital gold is emerging as a popular alternative, offering a convenient way to invest without handling physical gold. Platforms like Paytm and Google Pay now allow users to buy, sell, and securely store digital gold in small increments. This option suits tech-savvy investors looking for flexibility and easy accessibility, with the added benefit of secure storage. Digital gold allows 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’s Gold Rate in India
Global Economic Conditions
Gold rate are sensitive to international market trends, including interest rates and currency strength. The recent uptick in gold prices aligns with economic uncertainties, where investors turn to gold as a safe haven.
Domestic Demand Surge
The approaching festive season in India often brings heightened demand for gold, which can put upward pressure on prices. This seasonal demand has been a steady driver for the increase observed in October.
Exchange Rates and Import Duties
Since India imports most 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 times of fluctuating currency strength.
Is It the Right Time to Invest in Gold?
Given the steady increase in prices, many investors view this as an opportune time to consider gold investments. With consistent upward trends, gold proves to be a strong hedge against inflation and economic instability. For individuals looking for a low-risk asset, gold presents a favorable option, especially in times of fluctuating stock markets and interest rates.
Investment Options in Gold
- Physical Gold: Traditional jewelry or bullion.
- Digital Gold: Offered by mobile wallets and online trading platforms.
- Gold ETFs and Bonds: Ideal for those who want to invest without handling physical gold.
How to Track Daily Gold Rate Changes
Tracking daily gold price changes is easy and convenient with tools like Googltimes.com. This website offers real-time updates on gold prices, providing a comprehensive look at rates for various purities, including 24K, 22K, and 18K gold, across major cities. Users can view current prices, daily fluctuations, and trends that reflect both national and international market influences. By visiting Googltimes.com, you can monitor gold prices on the go, making it an ideal resource for investors, jewelers, and buyers planning purchases. The platform’s user-friendly layout and regularly updated information ensure that you have quick access to accurate gold prices, helping you make informed decisions about buying or investing in gold.
