Gold Rate Today: It is possible to search for 22 Carat Price In Your City on July 28

On July 28, 2024, 22-carat gold in India is priced at Rs 63,250 per 10 grams, with slight variations across cities. Prices are influenced by international trends, currency fluctuations, local demand, and government policies.

Gold rates in India are just short of an all-time high, the 24-carat gold is at Rs 69000 per 10 grams and this price was noted on 28th July 2024. For instance, the 22-carat gold, which is commonly used in ornament making as a result of its hardness derived from a relatively small proportion of other metals, is sold at Rs 63,250 for 10 gm. This slight shift in price as can be seen is in line with the current market trends and other factors that characterize the gold market in the global market. 

Today, people still purchase gold and consider it as an ornament and a cultural value in India, which is referred to as a hedge against inflation and fluctuating foreign exchange rates. The prices today vary slightly variant on the city due to the local demand and supply situations, taxation policies, and logistics. 

Delhi: 22-carat gold has been priced at Rs 6330 for ten grams. 

Mumbai: In the financial capital, the price has been increased to Rs 63,250 per 10 grams. 

Chennai: At present, the gold price in Chennai for 10 grams is Rs 63,450 because Chennai is one of the markets that has a high demand for oforgold. 

Kolkata: Here the purity of gold is 22 carats and the price of gold is 63,280 Rupees ofor10 grams. 

Bangalore: In the tech hub, the product was going for Rs 63,310 for 10 grams. 

The above gold rates have been fluctuating with influences such as thternational market forces, IR/USD exchange rate forces, and changes in import tariff rates. 

Factors Affecting Gold Prices:

1. International Market Trends: Political instability, international economic stability, and interest rates in one country as compared to another country. 

2. Currency Fluctuations: Fluctuations of the INR and USD currencies. 

3. Local Demand and Supply: Occasional festivities such as Xmas, engagement ceremonies, and local economic activities. 

4. Government Policies: Import tariffs and taxes or any other barrier that may be in place. 

Also Read: Prices of Gold Decline as Attention Turns to US Economic Releases

Because gold is still circulating in the market, it therefore requires one to check the daily price changes to enable one to make the right purchase.