Gold has over the years been a perfect hedge against inflation. Investors are increasingly looking at gold as an important investment. Goodreturns (OneIndia Money) is providing gold price in India herewith for our readers informational purposes only. These gold rates are updated today and are sourced from reputed jewellers in the country.
|Gram||22 Carat Gold
|22 Carat Gold
|Daily Price Change|
|1 gram||₹ 2,886.50||₹ 2,899.70||₹ -13.20|
|8 gram||₹ 23,092||₹ 23,197.60||₹ -105.60|
|10 gram||₹ 28,865||₹ 28,997||₹ -132|
|100 gram||₹ 2,88,650||₹ 2,89,970||₹ -1,320|
|Gram||24 Carat Gold
|24 Carat Gold
|Daily Price Change|
|1 gram||₹ 3,088||₹ 3,101.90||₹ -13.90|
|8 gram||₹ 24,704||₹ 24,815.20||₹ -111.20|
|10 gram||₹ 30,880||₹ 31,019||₹ -139|
|100 gram||₹ 3,08,800||₹ 3,10,190||₹ -1,390|
|City||22 Carat Gold
|24 Carat Gold
|Chennai||₹ 28187.00||₹ 30152.00|
|Mumbai||₹ 28865.00||₹ 30880.00|
|Delhi||₹ 28695.00||₹ 30700.00|
|Kolkata||₹ 28608.00||₹ 30600.00|
|Bangalore||₹ 27748.00||₹ 29682.00|
|Hyderabad||₹ 28268.00||₹ 30241.00|
|Kerala||₹ 27647.00||₹ 29575.00|
|Pune||₹ 28188.00||₹ 30043.00|
|Vadodara||₹ 28156.00||₹ 30013.00|
|Ahmedabad||₹ 28187.00||₹ 30042.00|
|Jaipur||₹ 28186.00||₹ 30044.00|
|Lucknow||₹ 28189.00||₹ 30043.00|
|Coimbatore||₹ 28187.00||₹ 30043.00|
|Madurai||₹ 28186.00||₹ 30044.00|
|Vijayawada||₹ 28188.00||₹ 30041.00|
|Patna||₹ 28218.00||₹ 30074.00|
|Nagpur||₹ 28865.00||₹ 30880.00|
|Chandigarh||₹ 28188.00||₹ 30042.00|
|Surat||₹ 28156.00||₹ 30013.00|
|Bhubaneswar||₹ 28218.00||₹ 30074.00|
|Mangalore||₹ 28188.00||₹ 30042.00|
|Visakhapatnam||₹ 28188.00||₹ 30041.00|
|Nashik||₹ 28865.00||₹ 30880.00|
|Mysore||₹ 28188.00||₹ 30045.00|
|Date||22 Carat||24 Carat|
|Feb 22, 2017||₹ 28,865||₹ 30,880|
|Feb 21, 2017||₹ 28,997||₹ 31,019|
|Feb 20, 2017||₹ 28,997||₹ 31,014|
|Feb 19, 2017||₹ 29,000||₹ 31,016|
|Feb 18, 2017||₹ 28,942||₹ 30,952|
|Feb 17, 2017||₹ 28,652||₹ 30,642|
|Feb 16, 2017||₹ 28,706||₹ 30,708|
|Feb 15, 2017||₹ 28,762||₹ 30,777|
|Feb 14, 2017||₹ 28,768||₹ 30,773|
|Feb 13, 2017||₹ 28,118||₹ 29,973|
|Gold Rates||22 Carat||24 Carat|
|1 st January rate||Rs.26,937||Rs.28,833|
|31st January rate||Rs.27,798||Rs.29,648|
|Highest rate in January||Rs.28,318 on January 18||Rs.30,233 on January 18|
|Lowest rate in January||Rs.26,937 on January 2||Rs.28,833 on January 2|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st December rate||Rs.28,366||Rs.30,335|
|31st December rate||Rs.27,005||Rs.28,888|
|Highest rate in December||Rs.28,366 on December 1||Rs.30,335 on December 1|
|Lowest rate in December||Rs.26,439 on December 24||Rs.28,334 on December 24|
|Over all performance||Falling||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st November rate||Rs.29,010||Rs.31,060|
|30th November rate||Rs.28,455||Rs.30,433|
|Highest rate in November||Rs.30,870 on November 10||Rs.33,200 on November 10|
|Lowest rate in November||Rs.28,200 on November 26||Rs.29,490 on November 26|
|Over all performance||Falling||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st October rate||Rs.30,700||Rs.32,830|
|31st October rate||Rs.30,720||Rs.32,790|
|Highest rate in October||Rs.30,720 on October 3||Rs.32,830 on October 3|
|Lowest rate in October||Rs.28,570 on October 18||Rs.31,320 on October 18|
|Over all performance||Rising||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st September rate||Rs.30,650||Rs.32,780|
|30th September rate||Rs.30,620||Rs.32,750|
|Highest rate in September||Rs.30,970 on September 26||Rs.33,120 on September 26|
|Lowest rate in September||Rs.29,500 on September 13||Rs.31,550 on September 13|
|Over all performance||Falling||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st August rate||Rs.30,980||Rs.33,130|
|31st August rate||Rs.30,650||Rs.32,780|
|Highest rate in August||Rs.31,960 on August 23||Rs.34,180 on August 23|
|Lowest rate in August||Rs.29,380 on August 9||Rs.31,450 on August 9|
|Over all performance||Falling||Falling|
Now, first the important thing is that there is no difference between normal gold rate and hallmarked gold rate. Nobody charges extra for giving you hallmarked gold rate. It is the same rate at which the normal gold is sold. The only difference is that you are ensured of purity when you buy normal gold.
Hallmarked gold rate vs normal gold rate
1) There is no difference in gold prices
2) You are ensured of purity through hallmarking.
3) You have to take the precious metal to the essaying centres
4) Not many essaying centres are available in the market.
5) Some have advocated a stringent quality practice that has to established at the testing centres.
6) Still some way to reach the town and smaller cities.
7) Focus must be on swift expansion of the essaying centres so the smaller jewellers can make the best use of it.
The one thing that we need to mention is that hallmarked gold rates today in India do not differ in their pricing. What does differ is the quality of the precious metal. In any case what we advocate when you are buying is to buy into very high quality stuff. If there are no charges and difference between the two, it is better to stick to the quality hallmarked products.
1) Currency: If the rupee slides against the dollar gold prices in India per gram becomes expensive.
2) International factors: These include volatile policies, slowing global economic growth, dollar strength against a basket of currencies.
3) Global demand for the precious metal. Demand plays an important role in determining the gold rates today per gram in India. If the demand is not robust prices would fall. On the other hand in times of good demand prices of gold would gain.
4) Interest rates: Not many know, but interest rate is a major factor that impact gold prices in India. When interest rates in major countries like the US go higher, gold rates fall and when they fall gold rates go higher.
5) Government polices: Some time the government also discourages the consumption of gold. For example, this happens when prices are rising and the current account is swelling. These days the government discourages the use of gold, so as to ensure that there is no problems with the deficit. Already the nation has so much gold, what do you with so much that is already there.
6) Prices: High gold prices today in India has also discouraged consumption in the country.
India does not mine gold. In fact, places like Kolar in Karnataka, which once used to mine gold are now closed. So, India imports almost all of its gold requirements. We use imported gold prices to arrive at 22 carats gold price in India. There are a host of importers of gold into India. Most of these are some of the top government owned banks, private sector banks and also many private companies In fact, the list of private companies have also gone-up in the last many years. Take a look at some of the major imports of gold into India, who ultimately have a hand in fixing the gold prices in India for the wholesale gold rates in India.
1) State Bank of India
2) Bank of Baroda
3) Union Bank of India
4) Bank of India
5) Punjab National Bank
6) Yes Bank
7) Minerals and Metal Trading Corporation of India
These are just a small part of the list of gold importers in the country. Once these importers import the gold, they add the component of import duties, VAT etc., and sell the same to some of the wholesalers, who then retail the same to the retailers in the country. Now, how the prices of gold is determined in India, is part of the jobs of the bullion association, who arrives at the live gold prices in India. Though we say live gold prices in India, they do not change very often during the day.
If you are looking to invest your gold safely in India, the best way would be to hire bank locker. However, it is important to remember that bank lockers are expensive, though they are the safest bet around. The hassle apart from the expense is the fact that each time you need the gold, you have to rush to the bank. On Sunday and holiday, you may not have access to the bank locker. Apart from this a fire or theft could be a real possibility when storing your gold. We suggest that the best way would be to buy electronic forms of gold, where you can buy bulk of your gold in the ETFs form. This way you can ensure that you do not have to worry about theft. It is not possible to steal gold in the ETF form. One interesting aspect is that you also end-up tracking gold prices. In any case, if you are looking to buy and save in gold, it is best to buy and save for the long term. Indian gold rates have been on a roll in the last few weeks and it looks like the trend is unlikely to be broken.
If you are coming from abroad at least earlier, the one thing that you liked to being into the country was gold. These days there is not so much fascination to get gold into the country. However, there are a few things that you should keep in mind, just in case you are planning to get the precious metal. If you are a male passenger you cannot get gold more than Rs 50,000 in value into the country. On the other hand, if you are a female passenger you can gold valued till about Rs 1 lakh. It is pertinent to note that you can also ask your children to carry gold, as they too are entitled to the import allowance. Now there are a few things that you must note in this regards. There is often a question: how is the duty calculated on gold ie, at what price is the gold. The prices depends on the notified price set by the government of India for the import of gold. You may show the purchase receipt from abroad, but that is of little consequence when arriving at the gold rates in India. However, you cannot bring unlimited quantities of gold into the country. There is a limit of 1 KG that you can get into the country. So, the next time you are getting gold into India remember the various restrictions that are applicable.
There are many measures that tend to impact gold prices in India. The foremost among these is the geo-political tensions that take place in and around. Take the simple case of the recent Presidential elections in the United States. First, gold prices rallied sharply and then fell all over again, as investors realized that equity shares were moving ahead and they sold into gold. It later became clear that the new President's policies maybe volatile which further saw gold prices climbing all over again. So, in short global factors may continue to keep gold prices volatile in the next few weeks. Another thing that is worth mentioning is the fact that the big determinant in how gold moves if the movement of the currency. Amongst these the most important is the US dollar. When the US dollar moves higher, gold prices tend to move lower. However, a lot depends on the Indian currency, since it particularly relates to gold prices in India. So, you should always keep an eye on the gold prices in the country before anything else. This is a very big determinant in the prices of gold in India. Stronger rupee means cheaper gold prices, so go ahead and buy if the rupee falls.
Gold prices in India are once again showing signs of bouncing back in 2017. After heavy hammering of the precious metal in 2017, gold is back and how. In India, gold rates have now surged and crossed the rs 28,000 mark. It has now reached Rs 28,200 as international prices of the precious metal has flared. There are a few things that are working for gold in the international markets and hence in India. let us take a look at these things. First, there is immense volatility in the global markets as US President Donald Trump's policies continue to remain volatile. This has led to a risk-off trade, which is pushing gold prices higher. At some stage investors believe that we would see equities fall and gold prices rally even further. The problem right now for gold demand in India is that if prices continue to rally, we might see demand for gold falling. When gold demand falls, it could lead to lead to prices too falling. Overall, this year has been good for the precious metal and 2016 was also good. This is when compared to the yesteryears, when rates for the precious metal have remained little change or flat. It is time to exercise some discretion before buying into gold. The chances of making money are near negative as prices have gone higher. If you are looking to purchase get some bargain deals, as at the moment, we do not see too much in terms of demand nor an upside.
Quantitative Easing, also popularly called QE is another factor that tends to impact gold prices in India, whether 916 22 karats gold or not. Let us give a simple example. When an individual has money he would tend to buy, because he has excess money. In Quantitative Easing, what happens is that there is money supply added to the economy i order to boost consumption. Central Banks across the globe go ahead and buy securities and this leads to excess money supply in the system. This money finds its way into gold investments across the world, thus pushing prices of the precious metal higher. So, an increase in the QE also impacts gold prices in India today. This impact all forms of gold including the popular 916 gold prices in India. Of course, these days there is a very little of QE happening across the globe. The US has completed its QE phase, though there is some kind of easing that is happening in countries like Japan and Europe through the central banks in those countries. What is important though is the policies in the US, since heavy demand and investments come from that country. At the moment it looks very unlikely that we would have QE in that country.
There are many factors that impact gold prices in India. The first is the international factors, which largely depend on a host of other factors. These include demand and supply for the precious metal. Demand of course comes from places like the Gold Exchange Traded Funds, as also from the central banks in the country. Now on the supply side, if there are more discoveries and more amount of mining that is done, it leads to further selling pressure in the metal. Now, this comes to the usual international factors that impact the prices. There are also a host of other factors that can leave you worried when it comes to gold prices in India. Among these include the various policies that the government would engage in, including the duties and taxes that are made applicable from time to time. One interesting fact that is worth mentioning is that gold prices have always rallied giving decent returns to investors. So, it does not matter whether there is demand or not. In the long run gold has always generated enough wealth and has helped investors make some quick money. So, if you are a long term investor, it can help you make money. However, lately the rise in the precious metal has been too fast and furious and hence returns in the future may not be forthcoming.
Inflation is not a major determinant of gold rates in India today. Individuals do argue that when inflation moves higher, along with them, you also have things like gold prices going higher. In fact, the only time gold prices go lower is when inflation goes higher. Let us give you an example. When inflation goes higher in the US, at such time gold prices fall, as the US Federal Reserve gears up to hike interest rates in the US. This leads to a phenomenon of selling in gold, as rising interest rates means individuals rush to sell gold and buy instruments where the interest rates are higher. This would typically be your sovereign bonds in the US. These are secure and offer you regular interest, which makes them great attractive bets for the long term. So, those who say that inflation and gold prices move in the same direction would be getting their statement wrong. The big determinant for gold in India in 2017 would be the direction of interest rate movements in the US, which should be higher and hence the prices of gold going lower are rather high. So, watch before investing.
Gold has created a special niche for itself. Most people consider it very simple to even sell, forget the buying of the precious metal. Let us give an example by comparing it with other asset classes. For example, it is very easy to buy and sell gold, as compared to real estate and even to some extent shares. Many individuals in the smaller towns and cities, may not even know what shares are. But, they do not what gold is and how to sell and buy the same. This is one advantage of buying and selling gold in India. It is east to understand and hence small time investors tend to get swayed by this. In fact, we believe that this is a big niche area for the precious metal.
You can buy gold coins in India in various grams. Interestingly, you get all kinds of weight for buying gold coins. these include 1 grams, 2 grams, 4 grams and upto 10 grams. There are various other ways to also buy the precious metal. You get gold in various designs like images of different godesses as well. Before buying gold you have to ensure the purity. Ideally, you can buy gold at some of the popular centres in India. If you buy gold by credit card there is also a tax that you would end-up paying on the precious metal. So, you need to be slightly careful. Also, if you are looking to buy the coins we suggest that you do so from the popular jeweler shops in the country. Another option is to look at bars, but, these are likely to be pretty expensive. If you are buying gold coins a good option would also be to look at some of the banks, which also tend to supply these coins. Some of them are Swiss gold coins and the packing is pretty much tamper proof. In short, you have the option of buying from several places.
According to information from the World Gold Council demand for gold from India was subdued last year. Nonetheless, India managed to once again overtake China in terms of gold consumption. In fact, jewellery demand in India has shot up significantly in the last few years, pushing demand for gold higher.
Despite the fact that there have been good substitutes like e-gold and gold ETFs, as an alternative to buying physical gold, investors continue to buy the precious metal in its present form.
The government has been discouraging gold imports through duties in order to curb the current account deficit. Last year it imposed a series of duty hikes, which are still in place to discourage the import of gold.
In the last few years, gold price movement has been sluggish, and last year the precious metal broke a 12-year winning streak. But, it has given substantial returns ever since the Lehman crisis erupted in 2008, which saw gold price in India rally.
Gold rates in India, depend on a host of factors, including international gold prices, currency rate movements and also the local tariffs. But, the singlemost important reason for gold prices to go higher, is international prices. When international prices of gold move higher, gold rates in India see a change.
The gold price today, would always be different then what you see yesterday. Gold prices in India, however, do not change on a Sunday, as there is no trading that is done. If you are looking at todays India gold rate, do not forget to visit our portal and check the updated rates.
Now let us understand each of the factors separately. When inflation goes higher, gold prices tend to fall. This is because there are worries that interest rates would rise when inflation gains momentum in the economy.
There are plenty of reasons to invest in gold in India. The first and the foremost is that it is a hedge against any fall in asset classes like real estate and equities. This means that it is one of the investments that provides you an excellent opportunity for diversification. There is no better instrument then gold, when it comes to diversification of assets. So, if you are an investor, who does not wish to put all his eggs in one basket, this has to be the investment that you need to consider. If you have not invested in gold, you are probably committing a mistake. It also provides some respite against bad times. The other advantage of gold is that it is very liquid, making it among the better asset classes, then something like real estate, which is much difficult to sell in times of neccessity. So, there are very few choices. Of coures, in India you tend to pay taxes, which thus reduces your overall returns from the precious metal.
Gold as an investment has given decent returns in the last one decade. In fact, gold prices in India have almost grown three times in the last 8 years, which is a superb set of returns. In fact, according to statistics available gold has given higher returns even in the United States. For example, the returns from this asset class has been better than US Government treasuries for alost 2 decades now.
Going ahead analysts do not expect that trend to break anytime soon. In fact, the precious metal has delivered higheer returns than even Eurobonds or Japanese debt. the metal is being preferred as a measure of diversification in case other asset classes remain risky. It is also very liquid, including Gold Exchange Traded Funds, which are the most riskiest. Therefore, it makes sense to stay invest in gold in India at the prices today for a long term.
India gold prices today, tend to fluctuate also based on the production of the precious metal. Once the largest producer of gold in the world was South Africa. In fact, there are reports that 60 to 70 per cent of the gold in circulation today has come from the mines of South Africa. However, the trend has very much changed now.
Today, the world's largest producer of gold is China. The country mines significant amounts of gold which has made it by far the largest producer. The trend of increase in production of the precious metal from China is likely to cotinue. If production of gold falls, it is highly likely that we may see a drop in the rates of gold in India today. Interestingly, demand has matched-uop with production, which is why the prices of the metal has not declined.
India as we all know does not mine gold. In fact, we never were the big players in mining the precious metal, unlike China, which is now the biggest miner of gold. So, how does India get all the gold. The government has appointed a certain number of banks that get this gold into India. So, in short they have been allowed to import gold. Now, after they import this gold, they are given to the distributors, who in turn supply the same to the large retailers or jewelers in the country. This is used by them as bars and coins to make the gold jewelery that we wear. However, there is an element of metal that is added as gold will break if used in the purest form. It is this mixture thay determines, how pure or impure gold is. This is why gold is sometimes brought into India from abroad.
Checking gold prices today is extremely important for the simple reason that gold is no longer the commodity that it used to once be. In fact, gold prices today are nowhere, where they were about 10 years ago. So, even a small variation in prices can lead to a big loss. It is therefore important to check the prices of the precious metal before buying into the same. It is also important to compare prices with each jeweller. Remember, that gold prices in certain cities are determined by the gold jewelers association and the prices annnounced accordingly. However, it is unlikely that between the local goldsmith the prices would defer. However, the larger and the more reputed jewelers may tend to charge more for making charges.
So, you need to be a little weary on that count. If you believe that the making charges of gold and jewelery is significantly high, we suggest that you look at other goldsmith, where you would get a decent price. Hence, it is always a good idea to compare, rather then paying huge amounts.
Gold being weighed in tolas was one of the most popular ways to describe gold buying in India. Investors or consumers often spoke of 1 tolas gold rate is today Rs 25,000. However, these days tola has been replaced by grams, which has been largely accepted by most for buying and selling the precious metal. This brings us to the question: How much is one tola gold? The answer is simple: One tola gold is today 11.6 grams. So, if you are purchasing 1 kg of the precious metal, you would find approximately Rs 85.7 tolas gold. So, if you want to know what would be the cost of the precious metal for 1 tola, then you need to simply multiply the per gram cost of Rs 26,000 by 11.6 to arrive at the final cost. This of course changes everyday in line with the todays daily gold rates in India.
If you are considering melting your old gold ornaments and making news ones, just examine, if the same is necessary. Do it only if it is necessary or else you would be wasting a lot of money. If you are asking us why? then we have plenty of reasons to tell you why. First of all what do you do with the precious stones that were in the ornaments. Who will value them? Secondly, there is a lot of wastage charges that are involved. For example, you could lose as much as 5 to 10 of the value of your gold on making charges that you paid and also the wastage charges. This is by no means small losses and the amounts are really significant. So, it is advisable to make sure that you do not melt gold. If you are doing so, it makes sense to melt the same at a reputed shop.
Physical demand for gold is sinking fast in India and there is little doubt about it. Demand trends from the World Gold Council show that the trend is unlikely to reverse. Over the years there has been on assault from gold on all fronts. The government of India to reduce gold consumption has increased duties and taxes. This is more to reduce the country's current account deficit. Demonetization some say has only increased the demand for gold. One cannot be sure of that. There are reports of huge investments taking place in Gold from Hyderabad, but, one cannot be sure of that. Then came the various ways to discourage physical gold consumption, including the sovereign gold schemes. We may soon have
Gold imports into India accounts for almost 10 to 15 per cent of all imports into the country and is next only to imports of crude oil. Gold rates in Indie have over the years gained significantly in the past 5 decades. In 1966 for example, gold was traded at Rs 83. This moved up significantly higher to Rs 432 per 10 gram. This was a decade in which gold prices simply gave almost 5 times returns to investors. By 1986 gold prices have moved up even further to cross the Rs 2,000 mark and was at Rs 2,200. As there was an Asiam emerging market crises gold moved even further to Rs 5,600 by 1996 and by 2006 and it was at Rs 8,400. But, the steepest gains for gold came thereafter, at the heart of the Lehman Brothers crisis, where gold rallied from levels to almost Rs 32,000. The gold rates in India are now closer to the Rs 27,000 mark.
Gold prices in India today tend to move based on international prices. They in turn move on currency fluctuations and a host of other factors like decision on interest rates and inflation. However, physical demand also plays a big role in the movement of gold. If there is excess liquidity in the system gold could move higher, as Gold Exchange Traded Funds tend to mop-up gold.
Another important factor is how central banks make their purchases. Today, as we all know, the United States has the highest gold reserves in the country. When many central banks start buying gold it tends to affect gold prices across the globe including India. However, they rarely sell in tandem, to avoid disrupting prices of the precious metal. So, all these factors influence gold rates in India today.
Gold demand in India in the rural areas continued to be soft this year. This was largely due to the income hit in the farming sector. Also, the government has been making every effort and has plans to double farmer income in the next 5 years. This should see good demand for gold coming in from the rural areas of India. In fact, it is important to point out that bulk of the demand for gold jewellery in the country comes from the rural areas. Though the size of each transaction may not be too high, the fact remains that on account of the gold volumes, this makes the rural areas of great significance for overall gold demand in the country. While there is no definite statistics some estimates put the demand as high as 60 per cent from these areas vis a vis the urban areas.
There are many places where you can sell gold in India. There are specialized companies that purchase your gold. However, you need to ensure that you have your PAN card or identity proof in place. You may also have to produce a receipt from where the jewelry was purchased in case you want to sell jewelry. It is always a good idea to check the line gold rates in India today, before you sell gold. Companies that buy the precious metal have machines that can check the purity of the metal through a karat meter. This is extremely important as it would prevent you from getting duped. It also bring about greater transparency in determining the rates of the precious metal. Also, ask for the receipt with all the details of the gold you have purchased for your future use.
Gold has given superb returns to investors over the years. 22 karats gold price in India has jumped from Rs 63 in 1964 to near Rs 27,500 per 10 grams in the last 50 years. Just take an example of what has happened to gold in the last 10 years. gold prices have moved from Rs 10,500 gram before the Lehman Brothers crisis to the current rates of Rs 27,500.
Live gold rates in India depends on a host of factors including the likes of global development. In fact, these developments is only what has pushed the precious metal to such dizzying heights. In fact, even if you see gold rates in India 222 karats was trading at Rs 5,600, exactly 20 years ago in 1996 and has since grown almost five times. Hence, we can with some certainty say that the precious metal has given tremendous returns in the last so many years.
The gold we see or purchase in the market is mixed or alloyed with some other metals such as copper, nickel, silver, palladium and zinc. Considering with the least or cheapest gold alloyed with silver & copper is called pink gold or rose gold mixed with silver or copper sometimes is called the green gold and then comes white gold which is mixed with palladium, nickel & zinc which is white gold and the costlier one is the yellow gold alloyed or mixed with silver copper and zinc. The carats defines the purity of gold how much of gold exactly alloyed.
24 carats -99.9%
23 carats -95.6%
22 carats -91.6%
21 carats -87.5%
18 carats -75.0%
17 carats -70.8%
14 carats -58.5%
10 carats -41.7%
9 carats -37.5%
8 carats -33.3%
An important point to be noted is that the less carats the stronger the gold would be.
Anybody trying to accurately predict gold prices is trying to pull a fast one. The fact is that nobody can predict the prices of gold in 2017. What we do know that the metal is going to see tremendous amount of volatility going ahead. This is because of various factors, including economic policies that are likely of new US President Donald Trump, as also geo-political tensions from across the globe. If you are looking to buy gold in India, it is best to check the gold rates today in India before buying. If you are comfortable with a certain level, go ahead and buy. If you are not, just wait for the prices of the precious metal to fall. This is the only way you are likely to make any decent money from the prices of the precious metal. In fact, gold in the international market last year gave returns of 9 per cent, which is not bad given the poor returns that we have seen in the last few years in the precious metal. If you are a long term investor, these things should not concern you and you could keep buying into the metal.
Before discussing 916 hallmarked gold rate, it is important to understand what this 916 hallmarked gold in India means. This is the finesse of gold defined. So you take 91.6 grams of pure gold in 100 grams of gold that includes alloy and arrive at 916, as simple as that. In simple terms 916 gold means 22 karats gold. Most gold rates for 916 hallmarked can be easily be got from your local jeweller. The other important aspect to understand is hallmarked gold and KDM, which are a must to check before buying gold in India. We have provided all the gold rates in India for 916 hallmarked gold.
Do not forget to look for things like the date of manufacture of the gold, the stamp of the jeweler etc., before you buy hallmarked gold in India. This way you are certain of the purity of the gold that you are buying. It is important to do that, so the chances of you getting duped when buying gold is minimal.
There are many advantages of investing in gold. The first and the foremost is that it is easy liquidity. For example, you can sell the precious metal any time you want. Of course, if it is the physical form you would barely get the actual cost of the gold, as there would be numerous charges that you would lose on, including the making charges. the other advantage is that it is a perfect hedge against inflation, as also against political turmoil. Hence, if you have not invested in gold, you are making a big mistake. At least an individual should have partial amounts in gold as investment. And yes, you can get instant loan against gold, which is not possible in other asset classes like real estate, which will under go valuation and stuff. So, gold loans will also serve your purpose in times of distress.
Gold rates in India would depend on a number of factors, including international gold rates, local tariffs and also the currency movement against the dollar. One of the singlemost important factors for changes in gold prices is international gold rates. These depend on a number of factors like interest rates in the US. When interest rates in the US go up, gold prices fall and vice versa. What has happened in the last few weeks is that there are worries that Donald Trump's election could lead to inflationary pressures in the economy. This in turn could lead to higher inflation and lower gold prices. The belief is that Donald Trump's policies could lead to fiscal expansion and hence a pressure on interest rates and a sharp drop in the price of gold.
Do you know that you are liable to pay taxes on gold in India. If you buy and sell gold at a profit, there is a capital gains tax that would need to be paid. On the other hand, if your gold value crosses Rs 30 lakhs, you need to pay wealth tax on the same. However, most individuals are ignorant of the same. But, if comes in the purview of the tax authorities you would need to pay significantly higher amounts by way of taxes. There have also been reports that large amounts of gold deposited under the gold monetization scheme will attract income tax, unless the sources of acquiring such gold is clearly told to the income tax authorities. So, remember the tax liability on gold in India.
Interest rates and gold prices never go hand in hand. In fact, when interest rates rise, gold prices fall and vice versa. However, gold prices do not move with interest rates rise across the globe, but, really depends on interest rates in the US. For example, when interest rates in the US rise, gold prices fall. This is because investors move money from gold into fixed interest bearing government bonds. They use the opportunity of high interest rates, along with zero risk, as a major advantage. One thing looks certain at the moment is that we could see a couple of interest rate rise in the next few weeks. When that happens be rest assured that gold prices would dip. If gold prices dip below the Rs 25,000 mark in India, it could be worth buying into the precious metal. However, to make some money it would be advisable to buy gold ETFs.
The one important question that you must always ask yourself before buying gold in India is: How much gold would I actually get? The question arises because there are so many charges on the gold, including taxes and levies, making charges etc. If you buy a gold coin there is a tax element of 10 to 15 per cent, which pushes the cost price higher. Let us explain this with an example. Say you buy 8 grams of gold for Rs 27,000, you have actually paid Rs 3375 per grams, while when you sell you would get only the rate of Rs 2800 per gram. So, you have actually paid extra because of the making charges, taxes etc., on the gold, which has inflated the cost of the precious metal. So, the most important thing to ask yourself is the cost associated with the total cost of buying gold in India.
Today, we have various gold saving options, including the sovereign gold bond, gold ETFs, gold investment through gold coins and gold bars. If you are looking at investing, buy gold ETFs, which are the best according to us. Apart from physical gold, today there are many options to buy gold in India, including the popular sovereign gold bonds. If you wish to invest in the gold bonds, they also offer you interest rates. Also, here is no worries of these being stolen like physical gold.
Gold rates today also depend on currency movement. If the rupee falls against the dollar, gold prices in India move-up, assuming that international gold prices are steady. Other factor that affects gold prices are the various duties and levies, which change over a period of time. The government changes the duties and levies on gold, depending on how gold prices move.
What is worrisome for gold now is that demand is slowly beginning to decline. Investors are looking at various options to invest in gold, including the not so traditional ETFs. India is the second largest consumer of gold after China. The demand in the country tends to impact rates as well. In a country, which has a liking for the precious metal, it is hard to believe that demand has slumped by a whopping 29 percent in the first three quarters of 2016, as compared to te same period last year. In fact, for the current year gold demand from India may not be more than 750 tonnes, which would be way lower than the 858 tonnes that the contry did in 2015. How far demand for the precious metal would continue to slump is difficult to say. Remember, that live gold prices in India today depend on demand for the metal.
The first is that when there is political turmoil or economic chaos, the first thing to rally would be gold prices. Sadly, if you have not invested in the same you would be a sad person. So, if you need to spread your investment gold is an obvious choice. The second reason to be buying gold is that it has been an excellent hedge against inflation. For example, in the last 8-10 years gold prices in India have tripled. So, they have given you better returns than even fixed interest bearing securities. So there is no reason why you should not be buying into the precious metal.
The last and the final reason is that it can be pledged and it is very liquid. For example, you can even take loans by pledging this precious metal. Today there are plenty of people who are willing to buy hypothecated gold. So, its is not a bad idea to stay invested. It has stood the test of times and that cannot be denied at all.
Demand for gold in India is gradually declining, if the trend of the first half is another to go by. In fact, according to statistics available with the World Gold Council demand for gold in India fell by a huge 42 per cent. This is not very encouraging to say the least. In fact, the government has also been trying to curb gold consumtion for various reasons, including poor demand for gold from the rural areas. However, in 2017 we might see much better demand owing to the increase in government salaries.
The recent move by the government of withdrawal of Rs 500 and Rs 1,000 notes, may also adversely affect the consumption of gold. The near term outlook for gold prices in India also looks a little grim as interest rates across the globe are likely to rise. All in all it may be slightly tough going for gold.
Gold investments have always stoood the test of time. In fact, prices have tripled in the last eight years or so. This makes gold investment always very attractive. It is also very liquid and can be sold easily. There are gold loan companies, where you can also pledge gold and get a loan. It is therefore always a good proposition to buy gold. Remember, before doing so, it is always a good idea to check the gold rates. We are providing daily gold rates in India. It is also imporant to remember that gold rates are updated twice everyday. Do take a look at the prices of te precious metal in case you want to buy gold.
These days one need not focus too much on the gold purity like before, as most of the gold in the country is hallmarked. It is always better to buy hallmarked gold in India as one can be ensured of purity. These days most of the gold that we see is hallmarked, which is why one can see some comfort level before buying gold from the large jewelry shops in the country.
However, if you have some suspicion on the purity of the gold in India, you can do an inspection. By and large, we find that the precious metal is of the purest form in India.
Talking of today's gold rates in India, we believe that prices would remain static, unless we have some definite cues from across the globe. There are various factors that influence gold prices in India, including local tariffs and duties, international prices of gold, which largely depend on interest rates. Apart from this, the movement of the rupee against the dollar, would also impact local prices in India.
In any case, before checking gold rates in India, you could go through the latest gold prices in India, which we have provided.
It is always a good idea not to buy tto much of gold as investment. One is that you need to pay wealth tax on it beyond a certain sum. On the other hand, it adds to the imports and puts a burden on the country's foreign exchange reserves. Remember, that we do not mine gold and hence India has to import gold. When we import such gold, we have to pay the same in foreign exchange and hence there is a forex outflow that happens.
Therefore you can buy the recently introduced sovereign gold bonds, which will also add to your portfolio. You also get an interest on these bonds, and there is no need to worry about storage facilities. The gold bonds are now made easily available through the length and breath of the country. So, go ahead and buy the same.
It is worth investing in gold schemes of various jewelers in India. This is because it helps you follow a systematic investment plan, whereby you can accumulate gold for marriage or a special ocassion. Earlier, jewelers in the city expected you to pay 10 installments and they would pay one and you could buy precious jewelry. However, these days with interest rates falling, jewelers in the city have altered their schemes. The schemes are not as lucrative as they used to be. However, for the purpose of accumulation of gold for important ocassions this could be a good bet. Some jewelers offer discount on making of gold charges, if you invest in the scheme. However, these schemes are good for those that want to make gold ornaments for marriage or wedding anniversary etc.
You can purchase gold anytime in India, depending on the need. However, if you are an investor, it is best to exercise caution. Gold over the last few years has not given any phenomenal returns. So, it is best to buy only as a measure of diversification. If any other asset class like equities or real estate drops, gold would rally. This is because it is considered as a safe haven asset. However, you should not put all your eggs in one basket and spread the risk wth different asset classes.
In any case, you can buy gold in India in a very systematic and planned way.
Recently, the bonds yields in the US rose, after Donald Trump was elected as the US President. This has pushed gold prices lower to $1222 an ounce from $1282 an ounce.
India gold rates today have also fallen in line with the international gold rates. Gold for 22 karats in India has now dippped to Rs 29,800 per 10 grams from Rs 30,300 per 10 grams until about 1-week ago. It is highly likely that we may continue to see a slight downward pressure on gold prices in the coming months.
Already, gold prices in India in 2016, have seen a good rally, as compared to the last few years. Those who have invested in gold this year, have ended-up making good money. In fact, you can also do some profit booking in gold, as there has been an upsurge in prices.
Karats is used to measure the purity of gold. 24 karats gold, means all the 24 karats of the precious metal comprises of gold. This is the purest form of gold and it cannot get purer then that. In fact, we can consider it as 99.9 per cent pure. On the other hand, 22 karats means that only 22 karats is pure, which also means that 91.67 per cent purity. one also has 18 karats gold, which is only 75 per cent pure, while the rest comprises of other metals. The one method of also mentioning purity is the fineness in the gold, which is a concept used abroad.
Another way of examining the metal is also to look at its colour. 24 karats gold will generally be very bright and alive. 22 karats on the other hand could be slightly less bright and a little more darkish. When other metals are added to gold the colour would also change. For example, white gold has more of nickle as a combination in it.
There are various options when it comes to investing in gold. You can invest in physical gold, as well as sovereign gold bonds and gold ETFS. The latter has its own difficulties. For example, in physical gold, one would have issues pertaining to storage, while there are no such worries, when you buy gold ETFs.
Physical gold also requires storage. The sovereign gold bonds, has its own advantage. For example, you need not worry about theft, while you can also earn an interest rate. All of these instruments track gold prices, which is another big positive. However, the best instrument that we like is Gold ETFs. This is because of a number of reasons. The first and the foremost is that they are very liquid and can be sold with ease. The other reason is that they track gold prices, which is anoether big advantage. There are also no making charges, which is a very big positive for the Gold ETFS. It is thus better than buying gold and gold jewelery.
In India, the Bureau of Indian Standards or BIS as it is popularly known is assigned the task of hallmarking gold and gold jewelery in India. There are various BIS centres in the country, where hallmarking is undertaken. Jewelers in the country can approach some of these hallmarking centres. What we need to mention is that it is nnot compulsory to get all the jewelery hallmarked by the jewelers. However, if they do so, it can increase their own credibility, which is also good for them. Also, it is more easy to sell the gold, as individuals are looking at hallmarked gold ornaments in India. for individuals who are buying look for the logo of the BIS Hallmark and essaying centre, apart from the code letter and the jewellers code.
There are problem in hallmarking though. For example, the World Gold Council says that only about 30 per cent of the gold jewelery in the country is hallmarked. This can clearly give rise to fake and imitation ornaments. Those who are hence looking to buy should look at centres that are approved by the BIS. The problem with this is that there are not too many and the government must do its utmost to spread the BIS approved eassying centres. It is only then that we would be able to see lesser and lesser worries with regards to hallmarked gold and jewelry. Most of the centres are now concentrated in the cities, given that bulk of the demand is now coming from the cities. It is hence imperative to have a graet concentration of the centres in the rural areas,, so as to ensure that Indians have access to hallmarked gold. This is easier said then done, as it would require greater investment fromthe government.
There are various factors that affect gold prices today in India. The singlemost important of these is geo-political tensions. Gold prices thrive when there is any adverse news. If there are acts of war or internal strive, major terrorist attacks, gold prices would rally. Also, if it would depend on the economic enviornment. When economic growth is robust, equity share prices tend to move higher, while gold moves lower. On the other hand, when the world economy is in the doldrums, gold prices defintely gain ground. Another important factors apart from demand for gold is the interest rate movement. When interest rates edge higher, gold tends to lose ground and vice versa. So, keep an eye on all these things before you go out and buy gold. Timing the markets could always be a little tricky.
Purity is also measured in fineness and different countries have different standards. for example 0.375 is equal to 9 karats in places like England and Canada. Gold can be mixed with various metals like copper, zinc and also nickle. the other fineness if 0.417 , which equals to 10 carats. 0.833 fineness, which is 22 karats is quite prevalent in different plans in Asia, which in India 0.916, which is 2 karats is often used to make jewelery. the highest form of purity is the fineness of 0.999, which is also called 24 karats. In places like China pure gold is the most preferred option and only 1 per cent impurity is tolerated. Different countries may thus have different levels of tolerance levels for pure gold. If you buy hallmarked gold, you can see the purity stamp on the same.
It is very important to understand the policies surrounding gold. One of the most important of these is the stance of many governments on interest rates. When interest rates in the economy go higher, gold prices tend to fall. For example =, at the moment, we are seeing an increase in interest rates in the US, which is leading to a selling pressure in the prices of gold across the world. In fact, the US Fed raised interest rates in December, which has led to a drop in gold prices across the world. Similarly, there is a high possibility of prices gaining when interest rates across the world fall. However, the chances of that happening this year, looks very remote given the state of the global economy. So, if you are a buyer in the precious metal, you need to predict the direction of interest rate movements in the country. What we mean is not in India, but, across the world. We suggest that as soon as gold prices drop it becomes an interesting opportunity to buy into the precious metal. So, if you are a buyer at lower levels, the chances are bright that you could make profits when the gold prices recover. However, you should not be selling the metal in desperation.
Investors trying to predict prices of Gold in India, are at best just trying to hazard a guess. It is always so difficult to predict prices and nobody is able to make an exact guess. It therefore becomes imperative to understand that you should invest in it only for the long term. In the short term prices tend to fluctuate and you may be at the receiving end. So, a systematic investment plan, wherein you invest in small amounts periodically may help average volatile prices. However, you need to be patient and avoid predicting gold prices, which are very volatile from time to time. If you are looking to buy do not buy gold in India at one short. This is because if prices fall, you may not have the ability to average the costs. The best thing to do would be to buy in small quantities at regular intervals. Remember, that you can also average your prices with buying at lower rates.
Recent trend of the last three years has shown that there has been some movement in gold prices in 2016, while gold prices in 2015, were almost flat. The year 2017, has begun more or less on a flat note for gold in India, though we are seeing some movement and volumes in the last few days. If you are looking to buy gold, the best way would be to hang on and see if prices really diminish. The precious metal has not moved in either direction of late and this has been slightly worrisome. We believe that it is highly likely that gold prices would move in a range, before there is a sharp rally in the prices. Gold as an asset class has always delivered and there is no reason, why it would not do so, this time as well.
Gold prices in India are expected to be volatile ahead of the French elections and as individuals take a bet on the precious metal. Gold prices in India have been around the Rs 28,000 mark, but some volatility is expected ahead of the French elections in the coming months. Gold has given superb set of returns to investors in the last few months and if selling pressure does arise at higher levels it could cap gains for the precious metal. Already we have seen some selling pressure on the international markets for gold which has now fallen to $1235 an ounce. It would be interesting to see where prices settle. In India gold prices today, can settle nearer to levels of around Rs 27,700 per 10 grams for 22 karats. If it goes below the Rs 27,000 levels, which at the moment seems unlikely, it would be a good opportunity to look at buying into gold. We suggest that you look at opportunities to buy on declines. Another thing is that the only thing you need to do is check live gold prices in India before buying. This would ensure that you get to grab the metal at the best possible prices. However, there is no guarantee that the same woud happen.20 February 2017
Gold prices in India may open slightly lower on Feb 16, after US Fed Chairperson Janet Yellen hinted at further rate hikes in the country.
Gold for 22 karats last closed at Rs 28,768 per 10 grams. Gold prices in India has been on a role in the last few weeks, as investors have bought the metal on the volatile policies of the new US President Donald Trump. However, what has kept the precious metal under pressure is the worries over a possible rate hike in the US. The economic data emerging from the US suggests a possible interest rate increase. This is a big challenge for gold prices to sustain at the current levels. In India, we have seen a good movement of gold prices this year. The year 2016 with ended with gold prices at Rs 27,200 per 10 grams has gone-up sharply to levels of Rs 28,700. Investors who have been waiting to buy gold on dips may have to wait a bit longer as prices have not dropped at all.
The marriage season is also largely over and we may not see investors buying or selling in a major way in the days to come.16 February 2017
Gold prices in India are slated to drop as gold in the international markets fell from 3-months high. There was increased amount of buying that has been seen in the last few weeks, closer to the elections in France, which has resulted in mounting uncertainty. Investors have also been taking shelter in the precious metal on uncertainty over new US President Donald Trump's policies. In India, gold prices are set to gain ground with the precious metal now slated to rise above the Rs 27,000 levels. Gold for 22 karats and 24 karats are both slated to gain as investors continue buying into the precious metal. it is likely that we will see some increased level of buying of the precious metal in the net few days in India. The wedding season is also largely over and fresh demand is unlikely to come in as prices have gained significantly in the last few weeks. Gold prices in India, which at one stage were trading at rs 26,800 has gradually moved higher. This has dissuaded buyers, especially the investors from making fresh commitments in the precious metal. We reckon that demand may hence be very subdued for gold in India in the next few weeks.9 February 2017
Gold prices in India today are expected to open slightly higher, after the US dollar fell following strong US Jobs report. Gold in India track international cues and of these the two crucial ones are the US jobs data and interest rate movement in the US. Gold for 22 karats may hover around the Rs 28,000 mark in India, while the precious metal is slated to go higher in some cities. Gold for 24 karats is also expected to open higher. Gold rates in India have been on an upward climb in the last few days, as investors digest some data. The US jobs data has come in there strong which has fuelled good growth prospects for the US. However, the problem right now is that a strong US jobs data could lead to higher interest rates in the US, which could push gold prices lower across the globe and also in India. SPot gold in the international markets has now moved over and above $1206.60 per ounce and if it stays could lead to strong buying support. The precious metal has yielded good results and there are hopes that it may perform even better this year. However, there is no target that analysts want to set on the prices at the moment. But, anything in upwards of Rs 28,500 for 22 karats would be an opportunity to sell in the precious metal. There is unlikely to be a big fall in the precious metal below levels of Rs 27,000, given the fact that we have always seen support emerging at these levels for the precious metal.
6 February 2017
Gold prices in India on February 3, 2017 are set to rise as the US Federal Reserve has kept interest rates steady in its policy meet of Feb 1. It was largely on expected lines, but, this resulted in a rally of near 0.8 per cent in gold in the international markets. Gold rates in India have moved in line with international policies abroad and that trend is likely to continue. The government also did not make any significant changes to gold rates in India by altering the proposals in the Union Budget 2017-18. Normally, they tend to alter the import duties and things like that, but, this time they left excise and import duty unchanged for gold. This was a big sigh of relief for gold investors and should be good news as well for them. Gold for 22 karats and 24 karats have both been gradually moving higher. Gold for 22 karats is now well past the Rs 28,000 mark and if the present momentum continues, it is just a matter of time, before we see gold prices in India crossing the Rs 30,000 mark. Investors have been having great patience with the precious metal for sometime now. So, those who have made money, it may just about be time to encash the same. Of course, if you are looking to buy, then you may want to hold longer, as technicals suggest we may see some more upside and that is when you could sell into the precious metal.3 February 2017
Gold rates in India are slated to fall, as the dollar gained against a basket of currencies. Gold for 22 karats was last seen hovering around the Rs 28,000. The dollar has been seeing renewed strength against a basket of currencies and this has led to some fall on Friday and is most likely to fall once again on Saturday. Gold has been seen good recovery in the last few days, after a sharp fall seen last month. The year 2017 has been quiet blessed for investors in the precious metal, as immediately following the election of Donald Trump as the President of the US we saw renewed buying and once again some selling pressure in the precious metal. The last few months saw gold prices declining on worries that the pace of interest rates rise in the US would be much faster than anticipated. This has led to renewed selling in the precious metal, followed with buying on worries over the kind of policies that the US would see under new President Donald Trump. Gold is likely to see more volatile times, as investors decide on the likely direction of the precious metal. All eyes continue to be focused on the US Federal Reserve .29 January 2017
Gold prices fell in trade as investors sold into the precious metal at higher rates, following a decline in the dollar against a basket of currencies. Comments from US President Donald Trump that an excessively high dollar was not good allowed the dollar to weaken a bit. This led to a steady trend in gold prices. Gold has been rallying in the last few days, as there was some uncertainty over the policies of US President Donald Trump. Jewellers believe that the excess volatility maybe curbed in the next few days, as investors look to more of a long term movement in the prices of gold. However, if the policies in the US continue to be volatile, we could see fresh buying emerge in gold. In 2017, already gold has given excellent returns as compared to 2016, where the returns in dollar terms was close to 9 per cent. It has not given 9 per cent returns this year, but the movement in the first three weeks of January has been very encouraging to say the very least. Jewellers themselves are not certain how far gold could rally given the fact that it has already jumped in the last few trading sessions.25 January 2017
Gold prices in the international markets gained, leading to gains in the prices of gold in India as well. Prices have now rallied way beyond the Rs 28,000 levels in what is being seen as fresh demand over the policy uncertainty of newly elected US President Donald Trump. Gold may continue to rally and some analysts are seeing a demand that could rise way beyond expectations in 2017. The problem right now is that one would not know how much of the policies of new US President would target inflation. It is clear that inflation plays a very big role in determining interest rates and once interest rates rally, it tends to push gold prices in the India higher. The dollar has also been gaining momentum against a basket of currencies, which has failed to support gold prices. When the dollar rises it pushes gold prices lower. While this may not be a trend that is always witnessed, it is a trend that can largely be seen. As far as individuals are concerned, one can accumulate gold on declines, which would be a prudent strategy to adopt for the more longer term. Do not hold gold for the medium to short term.24 January 2017
Gold prices in India on January 23, 2017 are set to open higher, following the inauguration of US President Donald Trump as the next President of the United States. Gold for 22 karats and 24 karats are slated to open higher in India. Gold rates today in India, may remain volatile. US Gold Futures and spot gold, both pointed to higher openings. Chances are that we might see a further uptrend in prices given that there maybe short covering in the precious metal. This could take gold prices in India very close to the Rs 28,500 levels in the coming days. However, many investors advocate a wait and watch approach towards the precious metal, given the good rally that we have seen in the early part of January, 2017. The 24 karats gold price in India today might also undergo a change to largely reflect the prices of 22 karats gold. The strength in the dollar, could also weigh on prices.22 January 2017
Gold prices in India continued their uptrend in the last few days. There are hopes that we might see a greater traction in the coming days for the precious metal. In India gold for 22 karats was trading at Rs 28,300 per 10 grams, while gold for 24 karats also moved higher. It is likely that we may see a greater traction for the precious metal in the coming days.20 January 2017
Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.