Gold Rate Today: 10 gm for INR 59,970 is the Gold Rate Today! Gold is one of the biggest assets a person owns. Even for the country, the rate of gold and the amount of gold they own is the determinator of the national currency rates. As the gold rate keeps juggling every day. One thing remains straight the prices are currently on the verge of shooting up and anyone who plans to purchase them needs a little extra input! Gold can be bought in 24-carat gold and 22-carat gold. The higher the carat, the higher the purity level of the gold.
From time to time, gold has broken record the price in India, and the commodity has grown further in rates than in any other country. We are under higher gold and silver debts than ever leading to a supreme increase in the rates. As we dive further, we will analyze this year’s changes in the gold rates along with the latest update on the gold rates in different states of India. Yes, the state-wise changes are also very prominent!
Keep reading to know about the Gold Price in India and all the latest updates which affect the gold rates at the moment.
Gold Rate Today for 16th March 2023
The value of gold in any country is similar to the value it holds on the international global economic index. We know that India is a developing nation and our GDP is structured in that manner. The government has from time to time made extra efforts in doing the needful for lending money and borrowing. Whenever this happens the gold bonds are at stake! This is why the gold value is a symbol of our country’s economic position. While we are not the weakest, we are not the strongest either.
In this article, we will focus on the gold rates in India and how they have fluctuated over the past years. We know you are awaiting the details on the current status of the gold rates we are ready to share the same with you in this article. Keep reading to find out. In the overview section mentioned below, we will share all the details on the up-and-coming gold and silver rates in 2023.
Gold Rate Today for 16th March 2023 Overview
|Article Title||Gold Price in India Today|
|16 March 2023 Gold Rate||5997 Rs Per Gram|
|Silver Rate||73200 per kilo|
|Gold Type||22-carat and 24 Carat|
|Gold Rate in December||INR 46650 to 46750|
Gold Price Today 22K
The 22K Gold is a relatively less expensive gold as it is said to be mixed with other chemicals. It is why many people who do have the capacity to pay for the more expensive gold go for this one. The 22K gold is also more prominent for jewelry, it is easier to make steady ornaments with this gold. However, when it comes to buying gold coins you will have to focus on the 24K gold coins as they are considered a better investment.
As per the latest data, the gold price of 22K gold is INR 5601 per gram. This is the per gram value as this is the measurement version of the gold purchase in India. For anyone who is planning to purchase gold 22K, we advise this comes to be a good time as the rates are predicted to increase in the coming years.
Today 22 Carat Gold Price Per Gram in India (INR)
|Gram||22K Today||22K Yesterday||Price Change|
Gold Price in India
Let us have look at certain important cities what is the current gold prices they showcase:
- The Gold Price in Mumbai is INR 59, 015 for 10 grams today. Let us tell you the price has jumped from INR 56,000 since January and will be increasing further in the coming days.
- The Gold price in Bengaluru is INR 59, 050 for 10 grams as of today. This price is again stable since march but predictions are expecting a jump in April after the new financial year begins!
- As for other states in India the prices are close to INR 59, 000 as well. This can be considered a national average at the moment.
The gold rates have increased since this year all thanks to a worldwide recession and slowed growth rates. Make sure you invest at the soonest as you want otherwise this is a lost deal!
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22-Carat and 24 Carat Gold Prices in India
In the table shared below, we will share the city-wise gold rates in India at the moment.
|City||Gold 22 Carat Price in Rs.||Gold 24 Carat Price In Rs|
Gold Price Today
As per the latest news, the gold price today will remain close to INR 59,000 however will not be the same for very long. The gold rates are soon expected to touch INR 60,000 for 10 grams of 22K. This will be one of the biggest numbers in history and we can only pray for recovery at these rates. As the rates keep increasing, keep a look out and purchase the commodity as a worth-it future investment.
Today Gold Rate in Uttar Pradesh
The Gold rate today is INR 59, 940 for 10 grams of 24K gold. This is relatively a higher number and if you are a resident of this state you need to be aware of the bigger rates in your state in comparison to Maharashtra and Karnataka. The rates are very close to touching new record numbers and we are scared for what can come in the future. The rates have seen a sudden increment from INR 57,000 in February 2023 to this number now.
Jewelry Gold Price Today
Jewellery gold price today is similar to the market price shared in the article however you cannot simply buy the product based on the market price of the gold. The making charges are added by the sellers and you will be paying a higher sum. Make sure you check the price and then calculate the same after discussing it with the state people.