Gold price in India today for 24 karat gold is 30,448 rupees per 10 grams, while the price for 22 karat gold is 27,911 rupees per 10 grams. 24 karat gold, also know as 999 gold, is the purest form of gold available in market in the form of gold coins and bars. Similarly, 22 karat gold is known as 916 gold and is generally used to make jewellery, according to goldpriceindia.com.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Gold price in India for 24 karat and 22 karat gold from major city markets across the country given in rupees per 10 grams. Gold price in India varies across cities dues to various local market factors like demand and supply of gold, state government taxes and transportation charges of physical gold.

Highest gold price in India in the month of February 2018 was 30,828 rupees per 10 grams while the lowest gold price was 29,820 rupees. Gold price on February 1, 2018 was 30,451 rupees per 10 grams, and price for the yellow metal at the end of month was 30,356 rupees, goldpriceindia.com added.

In New York Comex trade, gold for April delivery fell to settle at USD 1,323.40 an ounce as compared to last weekend's close of USD 1,330.30, while May silver contract also dipped to close at USD 16.40 an ounce from USD 16.48, said a PTI report.

On the domestic front, standard gold (99.5 purity) reportedly resumed higher at Rs 30,600 per 10 grams from last Friday's closing level of Rs 30,420, and moved in a range of Rs 30,600 and Rs 30,270 before concluding at 30,230, revealing a loss of Rs 190, or 0.62 per cent.

Pure gold (99.9 purity) also commenced higher at Rs 30,750 per 10 grams compared to preceding weekend level of Rs 30,570, and hovered in range of Rs 30,750 and Rs 30,420 before settling at Rs 30,380, showing a fall of Rs 190, or 0.62 per cent, said the report.

According to the agency report, Silver ready (.999 fineness) also opened higher at Rs 38,620 per kilogram from last Friday's closing level of Rs 38,390, and moved in range of Rs 38,620 and Rs 38,145 before settling at Rs 38,085, showing a loss of Rs 305 or 0.79 per cent.

Meanwhile, in worldwide trade, gold futures jumped with a sharp gain on Friday, as the threat of a global trade war pushed stocks and the dollar lower, underpinning a flight to the perceived safety for assets such as precious metals.

(With PTI inputs)