Gold opened on Monday, March 12th, at Rs. 6,074 per gram.
Gold being a precious metal in the country is widely used but it is a wonder that the country does not mine its own gold. The country imports its yellow metal from abroad as it has stopped the mining of the precious metal following the govt. Policies since long. If you are planning to buy gold in the country you might have to face some restrictions regarding the same since the government policies have gotten strict regarding it to discourage consumerism of the yellow metal. We have discussed these restrictions below for which you can continue reading.
The current gold price in India is Rs. 6,627 per gram for 24 carats of gold, and 22-carat gold is at Rs. 6,074 per 1 gram as of March 12th, 2024. All rates were revised and updated on March 12th.
Gold Prices For 10 Grams In India as of March 12, 2024
| City | Standard Gold Rate (22K) | Pure Gold Rate (24K) |
| Ahmedabad | ₹ 60,790 | ₹ 66,310 |
| Bangalore | ₹ 60,740 | ₹ 66,260 |
| Chennai | ₹ 61,490 | ₹ 67,090 |
| Delhi | ₹ 60,890 | ₹ 66,410 |
| Hyderabad | ₹ 60,740 | ₹ 66,260 |
| Kolkata | ₹ 60,740 | ₹ 66,260 |
| Mumbai | ₹ 60,740 | ₹ 66,260 |
| Pune | ₹ 60,740 | ₹ 66,260 |
If you are a male, you cannot own more than Rs,50,000 value of gold in the country while if you are a female, you can get gold valued till approx Rs. 1 lakh. These laws are made to restrict the sale of gold into the country since the gold is imported from outside which affects the total GDP of the country. The govt. Strongly dissuades its population in the country from buying the yellow metal even for investment purposes in physical form. Even the travelers in the country have to follow the same rules. They can ask their children to carry gold as well but it would still be restricted and would follow the same values of possession.
22 Carat Gold Price in India Today
| Gram | Gold Price |
| 1 gram | ₹ 6,074 |
| 8 grams | ₹ 48,592 |
| 10 grams | ₹ 60,740 |
| 100 grams | ₹ 6,07,400 |
24 Carat Gold Price in India Today
| Gram | 24K Gold Price |
| 1 gram | ₹ 6,626 |
| 8 grams | ₹ 53,008 |
| 10 grams | ₹ 66,260 |
| 100 grams | ₹ 6,62,600 |