Gold prices have crossed Rs 1 lakh for 10 grams in India as the yellow metal witnesses a record rally driven by uncertainties in global markets. Pure gold, those of 24 carats, now cost more than Rs 10,000 for a gram in all major cities, including Delhi, Mumbai, Kolkata, and Chennai.
Gold Price In Different Cities
24 carat gold costs about Rs 10,150 per gram in Delhi, Gurugram and Noida. But pure gold is not used in jewellery and hence it may not be accounted for while calculating jewellery prices. For 22 carat, the price is a bit lower – around Rs 9,305 per gram.
Here are the prices of gold for 1 gram (24 carats) in different Indian cities
Delhi: Rs 10,150
Noida: Rs 10,135
Gurugram: Rs 10,135
Mumbai: Rs 10,135
Chennai: Rs 10,135
Bengaluru: Rs 10,135
Kolkata: Rs 10,135
Source: Goodreturns.com
Gold, which has long been a symbol of wealth, holds cultural significance in India. Indian celebrations are incomplete without gold. The yellow metal makes Indian feel secured, they believe it would help overcome financial challenges during turbulent times. It acts as a hedge for investors.
