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Today's Gold Price in Delhi
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 gold prices.
Historical Gold Price in Delhi
| Months | Lowest Price 24 Karat Gold – ₹ Per 10 Grams | Highest Price 24 Karat Gold – ₹ Per 10 Grams |
|---|---|---|
| October 2022 | 50,120 | 51,980 |
| September 2022 | 50,320 | 52,880 |
| August 2022 | 50,200 | 52,800 |
| July 2022 | 50,390 | 52,860 |
| June 2022 | 50,790 | 52,860 |
| May 2022 | 50,290 | 52,790 |
| April 2022 | 47,800 | 52,140 |
| March 2022 | 50,950 | 54,330 |
| February 2022 | 48,980 | 51,550 |
| January 2022 | 48,390 | 49,860 |
November 2022 Gold Rate in Delhi
| Parameter | Gold price (24 karat) |
| November 1 Rate | Rs.4,998 per gram |
| November 24 Rate | Rs.5,208 per gram |
| Highest Rate in November | Rs.5,282 per gram on 17 November |
| Lowest Rate in November | Rs.4,998 per gram on 1 November |
| Overall Performance | Incline |
October 2022 Gold Rate in Delhi
| Parameter | Gold price (24 karat) |
| October 1 Rate | Rs.5,002 per gram |
| October 31 Rate | Rs.5,009 per gram |
| Highest Rate in October | Rs.5,061 per gram on 27 and 28 October |
| Lowest Rate in October | Rs.5,009 per gram on 31 October |
| Overall Performance | Decline |
September 2022 Gold Rate in Delhi
| Parameter | Gold price (24 karat) |
| September 1 Rate | Rs.4,997 per gram |
| September 30 Rate | Rs.4,986 per gram |
| Highest Rate in September | Rs.5,023 per gram on 6 September |
| Lowest Rate in September | Rs.4,892 per gram on 27 September |
| Overall Performance | Decline |
| Percentage Change | -0.22% |
Trend of Monthly Gold Rate in Delhi for September 2022
- On 1 September 2022, the price of gold in Delhi was Rs.4,997 per gram. Gold rates declined by the end of the month and closed at Rs.4,986 for a gram.
- The price of gold in Delhi witnessed a fluctuating trend in the city over the next few days. The highest price for the month was Rs.5,023 on 6 September.
- Gold prices in Delhi recorded the lowest for the month on 27 September when a gram of the 24-karat gold was being traded for Rs.4,892. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at -0.22%.
August 2022 Gold Rate in Delhi
| Parameter | Gold price (24 karat) |
| August 1 Rate | Rs.5,060 per gram |
| August 31 Rate | Rs.5,081 per gram |
| Highest Rate in August | Rs.5,133 per gram on 17 and 18 August |
| Lowest Rate in August | Rs.5,060 per gram on 1 August |
| Overall Performance | Incline |
July 2022 Gold Rate in Delhi
| Parameter | Gold price (24 karat) |
| July 1 Rate | Rs.5,144 per gram |
| July 31 Rate | Rs.5,081 per gram |
| Highest Rate in July | Rs.5,175 per gram on 5th July |
| Lowest Rate in July | Rs.4,981 per gram on 18th July |
| Overall Performance | Decline |
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 rate today in Delhi. For instance, you can do so with a broking account, wherein you can track gold futures, 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 price today, 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.
Best Ways to Invest in Gold in Delhi
The following are the best ways to invest in gold:
Gold Schemes
In general, jewellers periodically release several gold plans for their loyal consumers. Similar to a SIP, an investor must commit to a set quantity of time-based investments in the gold plan. When an investment reaches maturity, the investor has a lump sum of money in hand that they can use to buy gold.
Invest in Physical Gold
Placing money in physical gold objects like gold coins, biscuits, or bars is a cliched way to invest. The risk of counterfeit is lowest in this purest type of purchase, but the risk of theft and storage is highest.
Sovereign Gold Bonds
The Indian government created Sovereign Gold Bond Scheme in 2015, under the Reserve Bank of India's supervision. It was started with the intention of providing a different way to invest in solid gold. Sovereign Gold Bonds typically have a five-year lock-in term and can be redeemed for cash at a later date.
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 Pune |
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 Silver Rate In Delhi |
FAQs on Gold Rate in Delhi
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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.
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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.
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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.
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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.
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What is Hallmark gold in Delhi?
If you see a Bureau of Indian Standards (BIS) hallmark on the gold you purchase, it means that the gold is adhering to the standard set by the BIS in the country.
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How is gold weighed generally in Delhi?
In general, gold is weighed in grams. In India, it is also weighed in ‘tola’ which is equivalent to ten grams of gold. In addition to that, there are different terms for the ten grams measurement of gold across different regions of the country.
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What are the ways to invest in Gold in Delhi?
You can invest in gold through three main ways. They are – physical gold, Sovereign Gold Bonds (SGBs), and gold ETFS. As per your preference, you can choose to invest in any one or all of the forms of gold mentioned above.
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What are the best places to buy gold in Delhi?
You can buy physical gold in Delhi by visiting any reputed jeweller. However, it is important to follow the guidelines of buying gold no matter where you purchase it. Always check for the authentication and certification of the gold that you are buying.
