Gold Price Today, Aug 23: Check Latest Gold Price After Big Drop In Major Cities

Gold price has registered a big decline of Rs 600 today. When it comes to gold price in India today, the price of 22 carat gold is 47,000 per 10 gram after a decline of Rs 600.

Meanwhile, the price of 24 carat gold is Rs 51,230 per 10 gram after a decline of Rs 700. These rates do not include GST, TCS, and other levies. Check the price of gold in other major Indian cities:

Chennai: The price of 22 carat of gold is Rs 48,000 per 10 gram and price of 24 carat gold is Rs 52,400 per 10 gram.

Mumbai: The price of 22 carat of gold is Rs 47,000 per 10 gram and price of 24 carat gold is Rs 51,230per 10 gram.

Kolkata: The price of 22 carat of gold is Rs 47,000 per 10 gram and price of 24 carat gold is Rs 51,230 per 10 gram.

Delhi: The price of 22 carat of gold is Rs 47,150 per 10 gram and price of 24 carat gold is Rs 51,440 per 10 gram.

The price of gold has been falling since August 16 in India. The price of 22 carat gold was recorded at Rs 48000 per 10 gram on August 16, 2022. Meanwhile, the price of 24 carat of gold was recorded at Rs 52,360 per 10 gram.

How is hallmarked gold rate today in India determined?
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. Investors have voiced their opinion on the poor number of hallmarking centres in the country and this needs to be addressed at the very earliest by the government of India. There is an urgent need to start more hallmarking centres, so quality gold is taken to all consumers in the country.