Rates Soar Across Major Cities – Find Out How Much Yellow Metal Costs Today News24 –

Gold Price: The Gold price in India on Thursday, 13 March witnessed an increase of Rs 1 per gram for 24-carat gold. The 24-carat gold is priced at Rs 87,990 for 10 grams. Moreover, the popular choice for jewelers, 22-carat gold, prized for its durability, was priced at Rs 80,660 for 10 grams. 18-carat gold was priced at Rs 66,000.

The price of gold in Delhi today is Rs 8,814 per gram for 24-carat gold, Rs 8,081 per gram for 22-carat gold. In Mumbai, 24-carat gold is priced at Rs 8,799 per gram for 24-carat, Rs 8,066 per gram for 22-carat gold. Whereas in Hyderabad, the price of gold today is Rs 8,799 per gram for 24-carat gold, Rs 8,066 per gram for 22-carat gold.

Note: All the above mentioned data are quoted from Good Returns.

Gold Price: Major Cities

Source: Good Returns

How Gold Prices In India Are Determined?

Contrary to popular belief, gold prices in India aren’t solely driven by physical gold demand and supply. Instead, they’re significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.

Furthermore, other factors like global events, political issues, central bank decisions, and currency changes can also fuel the change in the prices of the precious metal.

How To Check The Purity Of Gold

Here are a few tips to check the purity of the gold:

1. Look for a hallmark: The best way is to look for the hallmark. 22-carat gold, also known as 916 gold, will have a hallmark stamp on its back of 916.

2. Check for the BIS Standard Mark: On all the jewelry, you can look for a triangle with the letters “BIS” underneath to ensure the purity of the gold.

3. Perform an acid test: An acid test can be performed under guidance, where you can test the gold with nitric acid to check its purity.

4. Color test: The yellow metal stays yellow always, it remains untarnished.