Gold rate in Delhi
gold rate in delhi

24K Gold/ 10gm
56,440.00
0.00(0.00%)
22K Gold/ 10gm
53,750.00
0.00(0.00%)

Last updated on: 29th Jan 2023 9:00 AM

Delhi is the capital city of India. Boasting historical monuments such as India Gate, Qutub Minar, and Red Fort, along with the seat of the supreme legislative body, the Sansad Bhavan, this city is one of the major business hubs in the country.

Gold purchases in the city are at their peak during festivals and the wedding season. The gold rates in this city differ from other cities in India due to different state taxes, transportation costs, and making charges that jewellers levy. In addition, the central bank policies, local factors and geopolitical situations impact the gold prices in the city.

 

22K & 24K Gold Rates Per Gram in Delhi

24K
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GramYesterdayToday
1gm
5,644.00
0.00 (0.00%)
5,644.00
0.00 (0.00%)
8gm
45,152.00
0.00 (0.00%)
45,152.00
0.00 (0.00%)
10gm
56,440.00
0.00 (0.00%)
56,440.00
0.00 (0.00%)
100gm
5,64,400.00
0.00 (0.00%)
5,64,400.00
0.00 (0.00%)

Factors that Impact Gold Rates in Delhi

The significant factors that impact the gold rates in Delhi include currency conversion rate, geopolitical concerns, and local factors. Let us have a look at each of these factors below:

Currency conversion rate

If gold is imported from other countries, the currency conversion rate matters as gold is traded in the U.S. dollar in the international market. So, the currency conversion rate between the U.S. dollar and the Indian rupee considerably impacts the gold rates in Delhi. If the price of the Indian rupee drops against the U.S. dollar, the gold prices in Delhi will increase.

Geopolitical tensions

Another factor impacting gold prices is geopolitical tension. Gold prices fluctuate continuously if there is a war or territorial conflict between two countries. These fluctuations lead to an increase in investment in the yellow metal. As the demand increases, the prices will increase.

Local market conditions

Another factor that affects the gold rate in Delhi is the local market conditions. The making charges by local jewellers, state taxes, and transportation charges are some of the local market factors that impact the overall gold price.Also, transportation costs impact the gold rates if gold is transported from other regions of India. If petrol prices increase in the country, transportation costs go up, and gold prices go slightly up.

Historical gold rates in Delhi in last 10 days

1 gram
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Day24K Gold22K Gold
30 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
29 Jan 2023
5,644.00
0.00 (0.00%)
5,375.00
0.00 (0.00%)
28 Jan 2023
5,644.00
16.00 (0.29%)
5,375.00
15.00 (0.28%)
27 Jan 2023
5,628.00
-63.00 (-1.10%)
5,360.00
-60.00 (-1.10%)
26 Jan 2023
5,691.00
42.00 (0.75%)
5,420.00
40.00 (0.75%)
25 Jan 2023
5,649.00
0.00 (0.00%)
5,380.00
0.00 (0.00%)
24 Jan 2023
5,649.00
37.00 (0.66%)
5,380.00
35.00 (0.66%)
23 Jan 2023
5,612.00
10.00 (0.18%)
5,345.00
10.00 (0.19%)
22 Jan 2023
5,602.00
0.00 (0.00%)
5,335.00
0.00 (0.00%)
21 Jan 2023
5,602.00
-10.00 (-0.17%)
5,335.00
-10.00 (-0.18%)

How Does GST Impact Gold Rates in Delhi?

Prior to the Goods and Services Tax (GST) introduction, gold was taxed at12.2%, which included an import duty of 10%, value-added tax (VAT) of 1.2%, and customs duty of 1%. Following GST implementation, import duty remained while customs duty and VAT were eliminated, and the government introduced a GST of 3%. So, the introduction of GST increased the prices of gold across the country and Delhi as well.

Weekly & monthly gold rate in Delhi
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD

Gold Schemes to Invest in Delhi

Though investment in physical gold is one of the best ways to invest, there are concerns related to its storage and security. If these concerns restrain you from owning a massive quantity of gold, you can consider the following gold investment schemes in Delhi.  

Gold exchange-traded funds (ETFs)

Investing in gold ETFs is like owning gold in an electronic form. Like investing in stocks, you can invest in any of the gold ETFs. These funds track the prices of gold in domestic markets and provide returns on your investment. They are listed on the Bombay Stock Exchange Ltd. (BSE) and the National Stock Exchange of India (NSE). You can purchase and sell gold ETFs at any time by tracking changes in the gold price in the market. This provides flexibility in investments and frees you up from any lock-in period.

Sovereign gold bonds

Sovereign gold bonds are debt bonds or securities issued by the Reserve Bank of India on behalf of the Government of India. By purchasing a sovereign gold bond, you own gold in a dematerialised form. These bonds are issued on a per-gram basis. The minimum investment is one gram, and the maximum is four kilograms if you are an individual investor. Per RBI guidelines. the investment tenure is eight years, and the interest rate is fixed at 2.5% per and credited semi-annually to your bank account. Premature withdrawals are allowed after five years from the date of issue. Moreover, you can use the bond as collateral against loans.

Gold funds

Open-ended gold funds invest in shares of a gold exchange-traded fund (ETF). The main goal of gold funds is to build wealth by utilising the potential of gold as a commodity. Investors who want exposure to gold should use it. Instead of holding the commodity wisely, it is more convenient to invest in gold through gold funds.

Trend of Gold rates in Delhi

1 gram
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Day24K Gold22K Gold
01 January 202354295170
30 January 202356445375
Highest56915420
Lowest54025145

How is the Purity of Gold Evaluated in Delhi?

Gold is valuable only when it is pure. There are instances where customers are duped with impure gold. Hence, confirming the purity of gold is crucial.

The Bureau of Indian Standards (BIS) is a government authority that certifies the purity of gold. According to BIS, the following factors are to be kept in mind when buying gold.

  1. BIS Mark

    Jewellery hallmarked by BIS will have a BIS logo on it. Remember that since BIS is the only authorized laboratory in India for gold certification.

  2. Karat

    Karat is a scale to gauge gold's purity. While 24 karat gold is the purest, it is too soft for use. Hence, other metals are added and the gold available in the market is often 22 Karat.

  3. Jewellers Identification Mark

    The gold you buy should also carry an identification mark by an authorized jeweller. This helps ensure the gold is from a credible source. The mark can also be helpful in the case of disputes.

FAQs on Gold Rate in Delhi
Why are gold prices in Delhi different from other cities?
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How to invest in e-gold in Delhi?
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Which are the major jewellery shops in Delhi?
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What are the things to consider before purchasing gold jewellery in Delhi?
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