Gold price rises in India: Check 22 carat price in your city on October 20 – News18

Gold rate today 22 and 24 carats: On October 20, the price of gold in India was around Rs 77,000 per 10 grams. The price of 24 carat gold, known for its highest purity, stood at Rs 79,420 per 10 grams. For jewelry buyers, 22 carat goldwhich is more durable due to its alloy composition, was priced at Rs 72,800 for 10 grams.

Silver, on the other hand, was trading at Rs 99,500 per kilogram.

Gold Rate Today in India: Gold Retail Price on October 20

Check Gold Prices Today in Different Cities on October 20, 2024; (In Rs 10/gram)

Retail cost of gold in India

What is the retail price of gold per gram?

Gold price per gram refers to the cost of a single gram of gold, usually expressed in a currency like the Indian rupee. This price fluctuates daily based on several factors, including economic conditions, geopolitical events, and supply-demand dynamics.

In India, the retail price of gold, which is the final cost paid by consumers, is not influenced solely by its market value. Various factors, such as import duties, taxes and exchange rates, play an important role.

Gold holds deep cultural significance in India, serving as a popular investment and playing a central role in weddings and festivals.

As market conditions change, investors and traders monitor these trends closely. Stay tuned for further updates.