Gold Price Today : If you are thinking of investing in gold or want to buy gold jewelery for yourself, you can get all the important information you need before purchasing here.Check the new price of gold in the country and then decide to buy it.Today the price of gold in the country is Rs 71,190 for 24 carat and Rs 65,210 for 22 carat. The price of gold has been fixed at 6 am today.
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24 carat gold
24 carat gold is considered the purest. Pure gold or 24 karat gold indicates 99.9 percent purity and does not contain any other metals mixed in it. 24 carat gold is used to make gold coins and bars. There are other different purities for gold and these are measured in comparison to 24 karat.
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22 carat gold
22 carat gold is better for jewelery making. It is 22 parts gold and two parts silver, nickel or any other metal. By mixing other metals, gold becomes harder and is suitable for jewellery. 22 carat gold indicates 91.67 percent purity.
24 karat and 22 karat gold: know the difference
24 carat gold is the purest form of gold and contains 99.5 percent precious metal. 22 carat gold contains 91.6 percent pure gold and the rest is silver, copper or other metals.
24 carat gold is very soft, flexible and bendable. 22 carat gold is hard and cannot be molded easily.
24 carat gold is mostly used in medical and electrical equipment including computers, mobile handsets. The price of 22 carat gold is somewhat cheaper due to the lower percentage of gold.
24 carat gold is the most expensive type of gold. 22 carat gold is used in making jewellery, bars, bullion and coins.
Gold prices in big cities
Gold prices may vary from city to city due to various factors including demand, interest charged, octroi charges, state taxes, gold traders, bullion associations, transportation costs and making charges.
Factors affecting gold price in India
There is a lot of demand for gold for investment all over the world including India. Like other financial assets, the price of gold also fluctuates. The biggest factor in determining its market price is demand.
