Gold opened on Friday, March 1st, at Rs. 5,790 per gram. If you would like to invest in Gold in India then you have multiple options to do so. You can invest in the physical form of gold or you can also go for the bonds or ETFs. the ways of investing in precious metals are multiple in the country since it is considered auspicious and the only constant asset to have which makes it all the more desirable. While buying the physical form of gold is very popular we recommend you against it. Continue reading for what we consider a proper investment in gold.
The current gold price in India is Rs. 6,316 per gram for 24 carats of gold, while 22-carat gold stands at Rs. 5,790 per 1 gram as of March 1st, 2024. All rates were revised and updated on March 1st.
Gold Prices For 10 Grams In India as of March 1, 2024
| City | Standard Gold Rate (22K) | Pure Gold Rate (24K) |
| Ahmedabad | ₹ 57,950 | ₹ 63,210 |
| Bangalore | ₹ 57,900 | ₹ 63,160 |
| Chennai | ₹ 58,400 | ₹ 63,710 |
| Delhi | ₹ 58,050 | ₹ 63,310 |
| Hyderabad | ₹ 57,900 | ₹ 63,160 |
| Kolkata | ₹ 57,900 | ₹ 63,160 |
| Mumbai | ₹ 57,900 | ₹ 63,160 |
| Pune | ₹ 57,900 | ₹ 63,160 |
Every form of gold buying has its pros and cons. Buying physical gold is good if you also want to wear it after buying it, but if you are just going to keep it locked up, buying the yellow metal in a physical form is nothing but a waste. We would recommend you buy the gold in the form of bonds because there is no other form of yellow metal that offers interest rates to its buyers other than in its bond form. Sovereign Gold Bonds give an interest rate of around 2.7 percent which makes it the best bet for investors. With this, you will not just acquire the precious metal but also earn it.
You can also buy Gold ETFs which are listed on the National Stock Exchange which is a good deal as an investor but in our opinion not better than bonds. Consider buying gold in any other form other than physical because it is subject to wear off in case of using it.
22 Carat Gold Price in India Today
| Gram | Gold Price |
| 1 gram | ₹ 5,790 |
| 8 grams | ₹ 46,320 |
| 10 grams | ₹ 57,900 |
| 100 grams | ₹ 5,79,000 |
24 Carat Gold Price in India Today
| Gram | 24K Gold Price |
| 1 gram | ₹ 6,316 |
| 8 grams | ₹ 50,528 |
| 10 grams | ₹ 63,160 |
| 100 grams | ₹ 6,31,600 |
