*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Gold Price in Delhi
Delhi, the national capital, is also one of the largest consumers of gold in the country. All throughout the history of Delhi, gold has been a stable commodity used as jewelries, minted as coins, and also sold as pure gold bars and other forms. Gold rate in Delhi are influenced by various factors that have global implications. Delhi has a large buyer base for gold and related products, with consumers mostly opting for physical gold followed by trading exchanges.
Other than physical gold, consumers can also opt for gold as a commodity, which is traded in various commodity exchanges such as National Spot Exchange (NSEL), National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX). The exchanges offer gold as spot contracts where you can buy gold at the spot and get it delivered at the earliest, and also as futures contract, where gold is purchased and sold at a later date, albeit on current prices.
About Gold Price in Delhi
Also check : Silver Rate in Delhi
Historical Gold Price in Delhi
Months | Lowest Price 24 Karat Gold – ₹ Per 10 Grams | Highest Price 24 Karat Gold – ₹ Per 10 Grams |
January 2021 | 49,580 | 54,710 |
December 2020 | 48,600 | 53,730 |
November 2020 | 51,450 | 55,250 |
October 2020 | 52,570 | 54,340 |
September 2020 | 51,030 | 54,990 |
August 2020 | 53,460 | 59,300 |
July 2020 | 48,110 | 53,010 |
June 2020 | 46,220 | 48,460 |
May 2020 | 44,760 | 47,920 |
April 2020 | 42,530 | 48,260 |
March 2020 | 41,110 | 45,360 |
February 2020 | 41,160 | 43,940 |
January 2020 | 39,950 | 42,110 |
Trend of Gold Rate in Delhi for February 2021 (rates per gram of 24 karat gold)
Parameters | Gold price (24 karat) |
February 1 Rate | Rs.5,232 per gram |
February 21 Rate | Rs.4,944 per gram |
Highest Rate in February | Rs.5,232 per gram on 1 February |
Lowest Rate in February | Rs.4,927 per gram on 20 February |
Overall Performance | Decline |
February 2021 - Week 1 (1 - 7):
- Gold rate in Delhi was Rs.5,232 per gram on 1 February showing an overall decline for the week as investors shifted to the equities market prompted by a stronger dollar value. On 2 February, the price of the metal had dipped marginally to Rs.5,228 per gram.
- The metal’s value dipped below the Rs.5,200 per-gram mark on 3 February at Rs.5,159 per gram and further declined to Rs.5,115 per gram on 4 February as the value of the dollar grew stronger.
- On 5 February, gold prices were at Rs.5,110 per gram. However, it recovered marginally and closed on 7 February at Rs.5,041 per gram.
February 2021 - Week 2 (8 - 14):
- In the national capital, gold prices opened the second week of February at Rs.5,042 per gram on 8 February and dipped marginally to Rs.5,039 per gram on the following day. On 10 February, the value of the metal increased to Rs.5,016 per gram.
- With a declining risk appetite amongst investors and fresh hopes of a stimulus package from the United States of America and India, gold prices increased to its highest at Rs.5,171 per gram on 11 February and eased on the following day at Rs.5,095 per gram.
- On 13 February, the price of gold in Delhi was Rs.5,061 per gram and closed the week at Rs.5,062 per gram on 14 February.
February 2021 - Week 3 (15 - 21):
- Gold price in Delhi at the start of the week was Rs.5,062 per gram. When compared to the closing price of the previous week, there was no change in the rates.
- The price of the gold started to slip from 18th February onwards after remaining unchanged on 16th and 17th February. The yellow metal recorded its lowest price for the month till date on 20th February when a gram was retailed at Rs.4,927 in the national capital.
- Gold closed the penultimate week of the month at Rs.4,944 per gram in Delhi. The overall performance of the precious metal witnessed a declining trend.
Trend of Gold Rate in Delhi for January 2021 (rates per gram of 24 karat gold)
Parameters | Gold price (24 karat) |
January 1 Rate | Rs.5,079 per gram |
January 31 Rate | Rs.5,231 per gram |
Highest Rate in January | Rs.5,471 per gram on 6 January |
Lowest Rate in January | Rs.4,958 per gram on 17 January |
Overall Performance | Incline |
January 2021 - Week 1 (1 - 9):
- Opening the year and the month at Rs.5,079 per gram, gold rate in Delhi showed an inclining trend for the week, increasing to Rs.5,099 per gram on 2 January and further to Rs.5,352 per gram on 4 January.
- The price of the metal increased marginally on the following day to Rs.5,353 per gram and hit its highest of the week on 6 January at Rs.5,471 per gram. Gold prices dipped marginally on 7 January to Rs.5,466 per gram.
- The precious metal’s value dipped on 8 January due to a higher risk appetite to Rs.5,417 per gram and closed the week at the same rate on 9 January.
January 2021 - Week 2 (10 - 16):
- Gold was priced Rs.5,286 per gram on 10th December in Delhi. When compared to the closing price of the previous week, the price for every gram was down by Rs.131 in the national capital.
- The price of the yellow metal slipped in Delhi on 11th and 12th January. Following a decline in the rates, a gram of the 24-karat gold was priced Rs.5,241 in the national capital.
- While the price of the yellow metal increased on 13th December, it remained unchanged for the next two days. The rates slipped again on the final day of the week and closed the week at Rs.5,251 per gram. The overall performance witnessing an inclining trend.
January 2021 - Week 3 (17 - 23):
- On 17 January, gold rate opened the third week of the month at Rs.4,958 per gram and increased to Rs.5,150 per gram on 18 January due to a lower risk appetite amongst investors and a drop in the dollar value in the market.
- The price of the metal on 19 January increased to Rs.5,199 per gram and further to cross the Rs.5,200 per-gram mark on 20 January at Rs.5,216 per gram as the metal recorded continuous inclines.
- Gold rate in Delhi saw an incline to Rs.5,227 per gram on 21 January and dipped to Rs.4,988 per gram on 23 January but not before inclining to Rs.5,281 per gram on 22 January.
January 2021 - Week 4 (24 - 31):
- Gold price in Delhi at the start of the final week of January was Rs.4,988 per gram. When compared to the closing price of the previous week, the price didn’t see any change in the rates.
- The price of the yellow metal climbed in the national capital on 25th and 26th January before slipping considerably. A gram of the 24-karat gold was retailed for Rs.5,213 on 29th January.
- Gold closed the week at Rs.5,231 per gram after the rates improved slightly. The overall performance of gold in the national capital witnessed an inclining trend.
Trend of Gold Rate in Delhi for December 2020 (rates per gram of 24 karat gold)
Parameters | Gold price (24 karat) |
December 1 Rate | Rs.5,111 per gram |
December 31 Rate | Rs.5,331 per gram |
Highest Rate in December | Rs.5,373 per gram on 22 December |
Lowest Rate in December | Rs.4,860 per gram on 4 December |
Overall Performance | Incline |
December 2020 - Week 1 (1 - 6):
- In the national capital, a gram of 24-karat gold was retailed for Rs.5,111 at the start of the opening week of December. The price of the yellow metal was down by Rs.35 when compared to the price charged on the final day of the previous month.
- Gold price in Delhi climbed over the next two days before slipping considerably on 4th December to record its lowest price for the month till date. A gram of gold cost Rs.4,860 on the mentioned date.
- The price of gold closed the first week of December at Rs.5,265 per gram after a gradual recovery. The closing price was the highest recorded price for the month till date. Gold’s overall performance in the metropolitan city witnessed an inclining trend.
December 2020 - Week 2 (7 - 13):
- Gold price in Delhi opened at Rs.5,266 per gram on 7 November during the second week of the month. On 8 December, the price of the metal dipped to Rs.5,243 per gram due to vaccine optimism.
- However, due to speculations over a stimulus package, gold prices increased on 9 December at Rs.5,319 per gram and on the following day hit its weekly high at Rs.5,320 per gram on 10 December.
- On 11 December, gold prices dipped to Rs.5,243 per gram and remained steady until 12 December. Closing at Rs.5,254 per gram, gold prices closed the week with an overall inclining trend.
December 2020 - Week 3 (14 - 20):
- The price of gold at the start of the week was Rs.5,255 per gram in Delhi. There was a minimal increase in the price of the yellow metal when the rate was compared to the closing price of the previous week.
- Gold price in Delhi slipped to Rs.5,232 per gram the next day and remained stagnant on 16th December before increasing gradually.
- With the price of the yellow metal increasing, gold recorded its highest price for the month till date on the final day of the week. A gram of the 24-karat gold was retailed for Rs.5,341 on the mentioned date. The overall performance of gold witnessed an inclining trend in the national capital.
December 2020 - Week 4 (21 - 27):
- The price of gold opened at Rs.5,342 per gram on 21 December in Delhi and increased to hit its highest price of the week on the following day at Rs.5,373 per gram on 22 December.
- Gold rate in Delhi dipped to Rs.5,362 per gram on 23 December and dipped substantially to Rs.5,319 per gram on 24 December. On Christmas Day, the price of the metal increased marginally to Rs.5,320 per gram.
- With a slight increase in prices, gold showed a marginal incline for the last two days of the week, at Rs.5,321 per gram on 26 December and closed at Rs.5,322 per gram on 27 December.
December 2020 - Week 5 (28 - 31):
- The price of gold in Delhi at the start of the week was Rs.5,323 per gram. There was an increase of Re.1 in the price of the yellow metal when the rate was compared to what was charged on the final day of the previous week.
- Gold price in Delhi increased gradually over the week. A gram of the 24-karat gold was retailed for Rs.5,325 per gram in the national capital on 30th December.
- The yellow metal closed the final week of December at Rs.5,331 per gram after the rates increased by Rs.6 on the final day of the year. Gold’s overall performance witnessed an inclining trend in the rates.
Trend of Gold Rate in Delhi for November 2020 (rates per gram of 24 karat gold)
Parameters | Gold price (24 karat) |
November 1 Rate | Rs.5,194 per gram |
November 30 Rate | Rs.5,146 per gram |
Highest Rate in November | Rs.5,525 per gram on 10 November |
Lowest Rate in November | Rs.5,145 per gram on 30 November |
Overall Performance | Incline |
November 2020 - Week 1 (1 - 8):
- In the capital city of New Delhi, gold rate opened the first week of November at Rs.5,194 per gram and was at its lowest on the first day of the month. The price of the metal increased to Rs.5,195 per gram on 2 November.
- On 4 November, the price of the precious metal had increased to Rs.5,415 per gram and further to Rs.5,416 per gram on 5 November.
- Increasing marginally to Rs.5,417 per gram on 6 November, the price of gold in Delhi increased to hit its weekly high at the end of the week at Rs.5,504 per gram, closing the week on 8 November.
November 2020 - Week 2 (9 - 15):
- A gram of gold was retailed for Rs.5,505 per gram in Delhi at the start of the second week of November. When compared to the previous week’s closing price, there was a minimal increase of Re.1
- The price of gold climbed to its highest for the month till date in the national capital on 10th November. A gram of the 24-karat gold was retailed for Rs.5,525 on the mentioned date.
- Gold price in Delhi closed the week at Rs.5,428 per gram after the rate of the precious metal increased on the final day of the week. The overall performance of the metal in the city witnessed an inclining trend.
November 2020 - Week 3 (16 - 22):
- Gold rate in Delhi showed an overall weekly decline opening the third week of the month at Rs.5,429 per gram on 16 November and dipping to Rs.5,417 per gram on 18 November due to a higher risk appetite amongst investors.
- As investors shifted to the equities market amidst hopes of a vaccine for COVID-19, the price of the metal fell in the market. On 19 November, the gold rate was Rs.5,384 per gram and increased marginally on 20 November.
- On 21 November, the price of the metal increased marginally to Rs.5,386 per gram and closed the week on the following day at Rs.5,362 per gram.
November 2020 - Week 4 (23 - 30):
- Gold rate in Delhi was Rs.5,362 per gram on 23 November and recorded continuous declines throughout the week. On 24 November, the price of the metal dipped to Rs.5,361 per gram.
- After increasing marginally on 25 November at Rs.5,263 per gram, the price of the metal dipped to Rs.5,199 per gram on 26 November and was steady on the following day as well.
- Gold prices declined further towards the end of the week and was at Rs.5,182 per gram on 28 November and closed the month at Rs.5,146 per gram on 30 November, recording the lowest price of the month.
Trend of Gold Rate in Delhi for October 2020 (rates per gram of 24 karat gold)
Parameters | Gold price (24 karat) |
October 1 Rate | Rs.5,342 per gram |
October 31 Rate | Rs.5,267 per gram |
Highest Rate in October | Rs.5,434 per gram on 13 October |
Lowest Rate in October | Rs.5,257 per gram on 30 October |
Overall Performance | Decline |
October 2020 - Week 1 & 2 (1 -11):
- Gold rate in Delhi was Rs.5,342 per gram on 1 October and increased to Rs.5,378 per gram on 3 October. The gold price showed an inclining trend throughout the week as risk appetite was low amongst investors.
- On 5 October, gold price in Delhi was Rs.5,380 per gram and dipped yet again to increase to Rs.5,387 per gram on 8 October. On 9 October, gold price was Rs.5,335 per gram.
- The gold rate increased to Rs.5,396 per gram on 10 October and hit its highest price of the week, closing at Rs.5,397 per gram on 11 October.
October 2020 - Week 3 (12 - 18):
- Gold price in Delhi opened the third week of October at Rs.5,398 per gram. There was a minimal increase in the rates when compared to the closing price of the previous week.
- Gold recorded its highest price for the month till date on 13th October when a gram of the 24-karat gold was retailed for Rs.5,434.
- Gold rate in Delhi slipped to Rs.5,374 per gram on 15th October before improving and closing the week at Rs.5,377 per gram. The overall performance witnessed an inclining trend in the rates.
October 2020 - Week 4 (19 - 25):
- Gold rate in Delhi opened the fourth week of the month at Rs.5,378 per gram on 19 October and showed a declining trend for the week. On 20 October, gold rates increased marginally to Rs.5,379 per gram.
- The gold price increased due to the speculation surrounding the U.S. stimulus package which resulted in muted trends in the equities market. On 22 October, gold was priced at Rs.5,411 per gram.
- On 23 October, price of gold in Delhi hits its weekly high at Rs.5,413 per gram and the price decreased. The gold rate closed the week at Rs.5,290 per gram on 25 October.
October 2020 - Week 5 (26 - 31):
- In Delhi, gold opened the fifth week of October at Rs.5,290 per gram. When compared to the closing price of the previous week, there was no change in the rates of the yellow metal.
- Gold rate climbed to Rs.5,311 per gram on 28th October after remaining unchanged on 27th October. The price of gold slipped in the national capital the following day and recorded its lowest price for the month on 30th October when a gram was retailed for Rs.5,257.
- Gold price in Delhi closed the week at Rs.5,267 per gram with the overall performance witnessing a declining trend in the rates.
Trend of Gold Rate in Delhi for September 2020 (rates per gram of 24 karat gold)
Parameters | Gold price (24 karat) |
September 1 Rate | Rs.5,287 per gram |
September 30 Rate | Rs.5,336 per gram |
Highest Rate in September | Rs.5,499 per gram on 17 September |
Lowest Rate in September | Rs.5,103 per gram on 26 September |
Overall Performance | Incline |
September 2020 - Week 1 (1 - 6):
- Gold rate in Delhi opened the month of September at Rs.5,287 per gram and showed an overall incline for the week even though the price of the metal had dipped substantially compared to month’s closing price.
- The price of gold was at its lowest at the opening date, however, with the dollar value declining against other currencies, gold price hit its highest at Rs.5,461 per gram on 3 September.
- At the end of the week, a gram of gold in Delhi was priced at Rs.5,412 per gram on 6 September and recorded an overall weekly incline.
September 2020 - Week 2 (7 - 13):
- Gold price in Delhi at the start of the second week of September was Rs.5,413 per gram. When compared to the closing price of the previous week, the price of the yellow metal recorded a minimal increase of Re.1 for every gram.
- Over the week, the price of gold climbed in the national capital and recorded its highest price for the month on 11th September when a gram cost Rs.5,483.
- Gold rate in Delhi closed the week at Rs.5,439 per gram after the rate of the precious metal declined over the last two days of the week. The gold recorded an incline in the rates over the week.
September 2020 - Week 3 (14 - 20):
- A gram of gold was retailed for Rs.5,440 per gram in Delhi at the start of the third week of September. When compared to the closing price of the previous week, there was a minimal increase of Re.1
- Gold rate in Delhi climbed over the next few days and recorded its highest price for the month till date on 17th September when a gram of the 24-karat gold was retailed for Rs.5,499.
- Gold price in Delhi closed the week at Rs.5,287 per gram after the rate of the precious metal dropped on the final day of the week. The overall performance of the metal in the city remained stable.
September 2020 - Week 4 (21 - 27):
- Gold price in Delhi opened the fourth week of September at Rs.5,488 per gram on 21 September and dipped to Rs.5,477 per gram on 22 September as the value of the dollar inclined in the international market.
- On 24 September, the gold rate declined to below the Rs.5,400 per gram level at Rs.5,347 per gram. On the following day, the gold rate dipped further to Rs.5,319 per gram as the dollar value strengthened.
- The gold rate in Delhi was at its lowest on 26 September at Rs.5,103 per gram and increased marginally at the end of the week, closing at Rs.5,303 per gram, recording an overall decline.
September 2020 - Week 5 (28 - 30):
- Gold price in Delhi opened the week at Rs.5,304 per gram. There was a minimal increase in the rates when compared to the closing price of the previous week.
- Gold rate in Delhi fell by Rs.29 for every gram in the national capital on September 29 before increasing on the final day of the month and closing the month on Rs.5,336 per gram.
- The overall performance of gold rate witnessed an inclining trend in the city.
Trend of Gold Rate in Delhi for August 2020 (rates per gram of 24 karat gold)
Parameters | Gold price (24 karat) |
August 1 Rate | Rs.5,481 per gram |
August 31 Rate | Rs.5,456 per gram |
Highest Rate in August | Rs.5,930 per gram on 9 August |
Lowest Rate in August | Rs.5,346 per gram on 2 August |
Overall Performance | Decline |
August 2020 - Week 1 (1 - 9):
- Today, on 1 August, gold rate in Delhi opened at Rs.5,481 per gram and increased through the week. Gold hit its lowest on 2 August at Rs.5,346 per gram.
- With stimulus packages being released by the United States Federal Reserve, risk appetite lowered to a great extent and the safe-haven demand of gold increased.
- Today on 9 August, gold price in Delhi hit record highs, crossing the Rs.5,900 per gram mark at Rs.5,930 per gram and closed at the same rate.
August 2020 - Week 2 (10 - 16):
- The price of gold in Delhi at the start of the second week of August was Rs.5,562 per gram. Compared to the price charged on the final day of the previous week, the rate charged for every gram was down by Rs.368.
- Gold rate in Delhi was on the downward curve over the next two days before increasing gradually. Over the week, the price fluctuated due to variety of reasons like stronger dollar, return of risk appetite etc.
- Gold price in Delhi closed the week at Rs.5,510 per gram. The overall performance witnessed an inclining trend in the rates.
August 2020 - Week 3 (17 - 23):
- Today, on 17 August, gold rate in Delhi was Rs.5,511 per gram and dipped marginally to Rs.5,510 per gram on 18 August due to market fluctuations.
- However, on the following day, the gold price in Delhi crossed the Rs.5,600 per gram mark at Rs.5,657 per gram with growing economic uncertainties. On 21 August, the gold rate dipped to below the Rs.5,600 per gram mark and was priced at Rs.5,586 per gram.
- Increasing marginally due to a rise in safe-haven demand, the price of gold in Delhi increased by Rs.10 to Rs.5,596 per gram on 22 August and closed the week at Rs.5,561 per gram.
August 2020 - Week 4 (24 - 31):
- The price of gold in Delhi at the start of the final week of August was Rs.5,562 per gram. There was a minimal increase of Re.1 when compared to the price charged on the final day of the previous week.
- Gold price in Delhi slipped over the next few days. The rate of the precious metal jumped on 28th August when a gram of the 24-karat gold cost Rs.5,521.
- Today, on 29th August, while gold rate in Delhi slipped again, it increased over the last two days of the month and closed at Rs.5,456 per gram. The gold rate overall performance witnessed an declining trend in Delhi.
Trend of Gold Rate in Delhi for July 2020 (rates per gram of 24 karat gold)
Parameters | Gold price (24 karat) |
July 1 Rate | Rs.4,831 per gram |
July 31 Rate | Rs.5,301 per gram |
Highest Rate in July | Rs.5,301 per gram on 31 July |
Lowest Rate in July | Rs.4,811 per gram on 7 July |
Overall Performance | Incline |
July 2020- Week 1 (01 - 05):
- Gold rate in Delhi opened the month of July at Rs.4,831 per gram and showed an overall marginal incline throughout the week. On 2 July, with the surge in COVID-19 cases in the United States of America, investors shifted to the bullion market and away from riskier assets and the precious metal hit its all-time high at Rs.4,876 per gram.
- Today, on 3 July, the price of gold dipped with the United States of America showcasing positive data which prompted investors to shift back to equities with higher risk appetite. Gold price in Delhi was Rs.4,836 per gram, dipping by Rs.40 per gram.
- The value of the metal, on 4 July, remained steady on account of the American Independence Day and the metal showed little to no movement in its prices at Rs.4,836 per gram. At the end of the week, the value of the metal dipped marginally and closed at Rs.4,832 per gram with an overall weekly incline in prices.
July 2020 - Week 2 (06 - 12):
- In Delhi, gold prices opened at Rs.4,833 per gram in the second week of the month on 6 July. The value of gold had increased marginally compared to the previous week’s closing price due to the consistent rise in fresh COVID-19 cases all over the world. However, today on 7 July, the value of gold dipped and was Rs.4,811 per gram due to the value of the dollar recovering in the market. With a decreased risk appetite amongst investors, the demand for the safe-haven metal dipped.
- Today, on 8 July, price of gold in Delhi was priced at Rs.4,846 per gram with the constant rise in fresh cases all over the world which resulted in investors less interested in riskier assets and dependant on the safe-haven metal. The metal’s price on 9 July was Rs.4,871 per gram, increasing by Rs.25. With the fears of the rise in COVID-19 cases, investors shifted to the bullion market and the price of the yellow metal hit its highest on 10 July crossing the Rs.4,900 per gram mark at Rs.4,911 per gram.
- However, risk appetite amongst investors increased in the market as speculations of economic recovery lifted the demand from the bullion and shifted towards the equities market. Gold rate in Delhi was on 11 July was Rs.4,891 per gram. On the last day of the week, the price of gold recovered and crossed the Rs.4,900 per gram mark yet again, closing at Rs.4,901 per gram with investors shifting back to the bullion market due to safe-haven demand.
July 2020 - Week 3 (13 - 19):
- Gold price in Delhi opened the third week of July at Rs.4,901 per gram. There was no change in the rates when compared to the closing price of the previous week.
- Gold rate in Delhi witnessed an inclining trend over the week. Gold recorded its highest price for the month till date on 17th July when a gram cost Rs.4,916 per gram.
- The price of gold dropped the next day in Delhi before increasing and closing the week at Rs.4,911 per gram.
July 2020 - Week 4 (20 - 26):
- In Delhi, the national capital the price of gold was Rs.4,912 per gram on 20th July. Compared to the closing price of the previous week, the rates saw an increase of Re.1
- Over the week, the rates of gold witnessed an inclining trend in Delhi. The increase in the rates saw gold record its highest price for the month till date on 26th July.
- Gold price in Delhi closed the penultimate week of July at Rs.5,116 per gram.
July 2020 - Week 5 (27 - 31):
- In the National Capital, the price of gold was Rs.5,117 per gram on 27 July and showed an inclining trend throughout the week after increasing marginally compared to the previous week.
- Gold prices in Delhi increased to cross the Rs.5,200 per gram mark at Rs.5,208 per gram on 28 July.
- At the end of the week, gold rates crossed the Rs.5,300 per gram and hit its highest on 31 July at Rs.5,301 per gram, closing at the same price.
Also Check Gold Price in Metro Cities
Today's Gold Rate In Bangalore | Today's Gold Rate In Chennai | Today's Gold Rate In Hyderabad |
Today's Gold Rate In Kolkata | Today's Gold Rate In Mumbai | Today's Gold Rate In India |
Purchasing Gold in Delhi
Gold can be purchased in Delhi in various retail outlets like jewellery stores and the like all around the city.Before buying, however, you should compare rates from multiple outlets and also their making charges so that you get the best deal possible.
Tracking Gold rates in Delhi
There are plenty of ways to track gold rates in Delhi. For instance, you can do so with a broking account, wherein you can track gold future, which gives a clear indication of the path the metal is going to take.Another way to track rates would be through the Multi Commodity Exchange (MCX). If you want simple updates on all things gold, you can check bankbazaar.com’s updates, which are updated on a daily basis.
Factors that influence Gold prices in Delhi
There are a number of factors which influence the way gold is priced in the capital city. These may range from small domestic concerns to important international events. Some of the factors are as follows:
- US Federal Reserve: As gold is traded in dollars, any change to the actual value of the currency will bring about a change in gold prices. For instance, if the Federal Reserve decides to hike its interest rate even by the slightest of margins, gold prices will go up significantly. Basically, any positive or negative development with regards to the US dollar will influence how gold is priced around the world. Central banks from other key countries also play a part in gold prices, however with some of them opting for quantitative easing, chances of a major impact is relatively smaller.
- Geopolitical concerns: Gold has been lauded as a safe haven by million of investors around the world and rightly so, because people tend to invest in the metal whenever the market turns exceedingly volatile. The reason why markets fluctuate is largely due to geopolitical issues, like for instance, the US attack on Syria. As market thrives on volatility, demand for gold surges when such events occur. Another classic example is of the Lehman Brothers crash, which decimated the world economy in a short span of time. When the crash happened back in 2008, gold price was the first thing that hiked, as compared to other commodities,
- Local factors: Factors like transportation of gold in and around the city will also determine how gold likely to be priced.
Also Check Gold Price in NearBy Cities of Delhi
Today's Gold Rate In Ghaziabad | Today's Gold Rate In Noida |
Today's Gold Rate In Faridabad | Today's Gold Rate In Sonipat |
Today's Gold Rate In Meerut | Today's Gold Rate In Rohtak |
FAQs About Gold Rate in Delhi
-
Will gold prices decrease in Delhi?
The price of gold may or may not fall as there are many factors which affect the price of the yellow metal in Delhi and in India. Some of these factors which affect the gold prices in Delhi are the trend of the international bullion market, the global equities market, crude oil prices and the value of the U.S. dollar.
-
What international factors affect the gold rate in Delhi?
Many factors affect the price of gold in Delhi such as crude oil prices, the value of international currencies, etc.
-
What factors do I check before buying gold in Delhi?
A few important things to keep in mind before buying gold in Delhi are:
- The level of purity.
- The price of gold per gram.
- Buy-back terms of the lender.
- Certification of the metal.
-
Will the gold price in Delhi keep changing?
The gold price in Delhi may keep fluctuating or changing due to various factors which affect the price of gold in the country.
-
What is Hallmark gold?
If you see a BIS hallmark on the gold you purchase, it means that the gold is adhering to the standard set by the BIS in the country.