Gold Rate Drops in India: Gold Rate Today In India: On April 20, gold prices in India declined, following a sustained upward trend amidst geopolitical tensions between Iran and Israel. At the outset, 10 grams of gold were valued at Rs 74,240. At approximately Rs 74,240 per 10 grams, pure gold (24-carat) was priced, whereas 22-carat gold was valued at Rs 68,050.
Concurrently, the silver market exhibited an upward trend, with a price per kilogram of Rs 86,500.
Gold Prices Today On March 25 2024: Check Rates In Your Cities
Today’s gold price in India: April 20th retail price
Present Gold Price in Mumbai
At the moment, 10 grams of 22-carat gold are priced at Rs 68,050 in Mumbai, whereas the corresponding weight of 24-carat gold is assessed at Rs 74,240.
Present Gold Price in Delhi
As of April 18, 2024, the prevailing market rate in Delhi for 10 grams of 22-carat gold is approximately Rs 68,210. In contrast, 10 grams of 24-carat gold are valued at approximately Rs 74,390.
Current Gold Price in Ahmedabad
A kilogram of 22-karat gold costs Rs 68,110 in Ahmedabad, while an equivalent weight of 24-karat gold fetches Rs 74,290.
Examine the current gold prices in various cities on April 20, 2024. (In grams of Rs 10)
Check gold rates today in different cities on April 20, 2024; (In Rs/10 grams)
| CITY | 22 CARAT GOLD PRICE | 24-CARAT GOLD PRICE |
| Chennai | 68,850 | 75,110 |
| Kolkata | 68,050 | 74,240 |
| Gurugram | 68,210 | 74,390 |
| Lucknow | 68,210 | 74,390 |
| Bengaluru | 68,050 | 74,240 |
| Jaipur | 68,210 | 74,390 |
| Patna | 68,110 | 74,290 |
| Bhubaneshwar | 68,050 | 74,240 |
| Hyderabad | 68,050 | 74,240 |
Multiple-Commodity Trading
The MCX was closed on April 20, 2024, in observance of the commodity exchange’s regular closure on Saturdays and Sundays.
Cost at Retail for Gold
The retail gold price, also known as the gold price in India, denotes the ultimate cost per unit weight incurred by consumers during the gold purchase process. A multitude of determinants impact this cost, which extends far beyond the intrinsic worth of the metal.
Gold is highly esteemed in India due to its cultural significance, reputation as a prudent investment, and longstanding association with nuptials and festivals.
The price of gold may be influenced by the following factors:
Market Forces and Gold Valuation: The interplay between supply and demand largely determines the valuation of gold. A surge in public interest in gold is typically accompanied by an increase in its price. On the contrary, a market surplus of gold can result in a reduction of its value.
Gold prices reach record high of ₹71,000 per 10 grams: Is it the right time to invest?
