Gold Prices Surge in India: Know 22-Carat Prices Across Cities on December 4
Gold prices in India are making headlines once again, showing strong momentum as of December 4, 2024. With both 24-carat and 22-carat gold maintaining their appeal, buyers and investors are keeping a close eye on the market trends.
Current Gold Rates in India
- 24-Carat Gold: The purest form of gold is priced at approximately Rs 77,800 per 10 grams, reflecting its premium value for investors.
- 22-Carat Gold: Favoured for jewellery due to its durability, 22-carat gold is priced at Rs 71,310 per 10 grams, remaining a popular choice among ornament buyers.
Silver Prices Hold Steady
While gold prices exhibit strength, silver remains stable, trading at Rs 90,900 per kilogram.
# City-Wise Gold Prices on December 4
Gold rates can vary across cities due to local taxes and additional charges. It’s important to check the latest prices in your area to make informed buying decisions.
# What Influences Gold Prices in India?
Gold rates in India are shaped by a mix of international and domestic factors, including:
- Global Market Trends: Fluctuations in international gold rates heavily influence domestic pricing.
- Import Duties and Taxes: As India imports most of its gold, government-imposed duties and taxes play a significant role.
- Currency Exchange Rates: The strength or weakness of the Indian Rupee against the US Dollar impacts gold prices.
- Supply and Demand: Seasonal demand, especially during weddings and festivals, adds to price volatility.
Why Gold Remains Important in India
Gold holds a unique place in Indian culture and finance. It is not only seen as a safe investment but also an essential part of festive and wedding traditions. For many, gold symbolizes wealth, prosperity, and stability.
Stay Informed, Stay Ahead
With dynamic market conditions, keeping track of daily gold rates is crucial for buyers and investors. Whether purchasing for adornment or investment, staying updated ensures smart and timely decisions.