Delhi is a lively city with a strong bond to gold. Gold is not just a cultural treasure but also a popular choice for investing. The gold price in India, especially in Delhi, changes every day because of many global and local reasons.
On December 2, 2024, 24 Carat gold in Delhi cost ₹7,780 per gram. This shows the current market trends.
The gold market in Delhi is affected by many things. These include demand and supply, inflation, and changes in the rupee-dollar value. Gold prices fell by 2.3% last week, but then went up a bit because of world events and a weaker dollar. This shows how fast and changing the gold market in Delhi can be.
Key Takeaways
- Gold prices in Delhi change every day because of many global and local factors.
- As of December 2, 2024, 24 Carat gold in Delhi cost ₹7,780 per gram.
- The Delhi gold market is affected by demand and supply, inflation, and the rupee-dollar exchange rate.
- Recent data shows a 2.3% weekly loss in gold prices, despite some recovery due to geopolitical tensions and a weaker dollar.
- The gold market in Delhi is volatile, with prices experiencing variations over different time periods.
Understanding Current Gold Rates in Delhi
As of December 2, 2024, gold prices in Delhi keep changing. This shows how the bullion market is always moving. Right now, 24-karat gold costs ₹7,780 per gram. Meanwhile, 22-karat gold is priced at ₹7,207 per gram.
Latest Gold Price Updates for 24K and 22K
In the last few days, gold prices in Delhi have shifted. On December 1, 2024, 24-karat gold was ₹7,674 per gram. 22-karat gold was ₹7,029 per gram. This means prices went down by ₹43 and ₹40 from the day before.
Factors Affecting Delhi Gold Rates
Many things affect gold prices in Delhi. Global economic conditions and geopolitical tensions play big roles. The COVID-19 pandemic has also made prices unstable.
Daily Price Fluctuations and Trends
Gold prices change every day. Lately, prices have been going up again. This shows how important it is to keep an eye on gold prices in Delhi. It helps with making smart investment choices.
| Date | 24K Gold Rate (₹/gram) | 22K Gold Rate (₹/gram) |
|---|---|---|
| 02 Dec, 2024 | 7,780 | 7,207 |
| 01 Dec, 2024 | 7,674 | 7,029 |
| 30 Nov, 2024 | 7,687 | 7,034 |
| 29 Nov, 2024 | 7,712 | 7,072 |
| 28 Nov, 2024 | 7,701 | 7,064 |
“The gold market in Delhi is highly volatile, with prices constantly fluctuating due to various economic and geopolitical factors. It’s crucial for investors to stay informed and monitor the market closely to make informed decisions.”
Gold Price in India Today Delhi: Market Analysis and Live Tracking
Delhi is a big place for gold lovers. The gold market here is always being watched. On December 2, 2024, the gold price in india today delhi for 24 Carat gold went down by 0.27% to ₹76,820 per 10 grams. The gold rate in delhi for 22 Carat gold fell by 1.14% to ₹71,417 per 10 grams.
Since the COVID-19 lockdown, Delhi’s gold market has been shaky. People are not buying as much gold price today because of the high costs. This is because of the economic worries and less trading.
24 karat gold in Delhi costs more than 22 karat gold. This is because 24 karat gold is 99.9% pure. But, 22 karat gold, or 916 gold, is great for jewellery. It’s strong and pure, perfect for special times and investments.
| Gold Purity | Typical Use | Price Impact Factors |
|---|---|---|
| 24 Karat | Considered pure gold | International gold prices, local demand |
| 22 Karat | Preferred for jewellery | Purity, cultural significance |
| 18 Karat | Popular for purity and durability | Global trends, local dynamics |
| 14 Karat | Affordable and durable option | International prices, demand-supply |
Changes in GST in Delhi also affect gold prices. People need to keep up with these changes for buying gold or jewellery. Investing in gold in Delhi is safe. It’s liquid and has cultural value for weddings and festivals.
“When considering gold investments in Delhi, options include physical gold, gold ETFs, and sovereign gold bonds, each with distinct advantages and disadvantages.”
The gold price in india today delhi market analysis and live tracking are very helpful. They help investors and buyers make smart choices about gold.
Monthly and Weekly Gold Price Trends in Delhi
Delhi is a key place for gold price changes in India. In November 2024, 22 Carat gold started at ₹7,214 per gram. It ended at ₹7,239, showing a 0.34% increase. The highest price in 2024 was in March at ₹6,485 per gram for 22 Carat gold.
Weekly trends in Delhi’s gold market have also been noteworthy. The week of Nov 25 – Dec 01 saw a 0.58% decrease in 22 Carat gold prices. These changes show how the gold price per tola and gold price per ounce in the city change. They are influenced by global and local factors.
Historical Price Analysis 2024
The gold investment scene in Delhi has seen ups and downs in 2024. 24 Carat gold started the year at ₹7,214 per gram. It reached a high of ₹7,239 by the end of November, showing a 0.34% increase.
Price Variations Across Different Months
Looking at monthly trends shows the details of Delhi’s gold market. In March 2024, 22 Carat gold reached its peak at ₹6,485 per gram. November saw a more moderate increase of 0.34% for the same purity.
Market Performance Indicators
Despite the ups and downs, gold is still a top gold investment choice during tough times. The pandemic, global tensions, and changing tastes have all played a part. They make Delhi’s gold prices very dynamic.
“Gold has long been a cherished asset in Indian culture, and Delhi’s residents continue to seek out its timeless allure, even in the face of market volatility.”
Investment Options and Price Comparisons
Investing in gold in Delhi has many choices. You can pick physical gold like jewelry, coins, and bars. Or you can choose gold-based derivatives and commodity trading. Knowing each option well is key to a smart choice.
Prices of gold vary in different Indian cities. For example, on December 2, 2024, Delhi’s gold rate for 22 Carat was ₹7,142 per gram. But in Mumbai, it was ₹7,124 per gram. These price differences depend on inflation, demand, and world events.
Getting the best deal in the bullion market means looking at purity, making charges, and market trends. 24-carat gold is the purest, with 99.9% purity. But 22-carat gold, used in jewelry, has 91.67% purity.
- Delhi offers many ways to invest in gold, like physical gold, trading exchanges, ETFs, sovereign gold bonds, and digital gold.
- Things like demand, supply, interest rates, and monsoons can change gold prices a lot.
- It’s important to check for certification and hallmarking to know your gold’s purity and legality.
Understanding Delhi’s gold investment scene helps you make better choices. This way, you can get the most from your gold investments.
Conclusion
The gold price in India today changes a lot. This is because of many global and local reasons. Even with the pandemic’s economic problems, gold is still a favorite choice for people in Delhi.
It’s very important to keep up with the latest gold prices and trends. This helps you make smart choices when investing.
The future of gold prices in Delhi will be shaped by many things. These include the economy getting better, world peace, and market conditions. By watching the gold price in India today Delhi, you can make good investment plans.
Thinking about investing in gold or wanting to protect your money? Knowing the gold rate in Delhi is key. With the right data and insights, you can make smart choices and grab the chances in the gold market.