Gold Rate Today Rises In India: Check 24 Carat Price In Your City On October 18 – News18

Gold Rate Today 22 and 24 Carat: On October 18, gold prices in India were around Rs 77,000 per 10 grams. The price of 24-carat gold, known for its highest purity, stood at Rs 78,120 per 10 grams. For jewellery buyers, 22-carat gold, which is more durable due to its alloy composition, was priced at Rs 71,610 per 10 grams.

Silver, on the other hand, was trading at Rs 96,900 per kilogram.

Gold Rate Today In India: Retail Gold Price On October 18

Check gold prices today in different cities on October 18, 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, typically expressed in a currency like Indian Rupees. 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 consumers pay, is influenced by more than just its market value. Various factors, such as import duties, taxes, and currency exchange rates, play a significant 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 evolve, investors and traders closely monitor these trends. Stay tuned for further updates.