Yellow Metal Shines On Holi, Check Rates In Delhi, Chennai, Bengaluru & Other Cities News24 –

Gold Price Today: The Gold price in India on Friday, 14 March has shown slight increases across various quantities. The price of gold in India today is Rs 88,590 per 10 grams for 24 karat gold, Rs 81,210 per 10 grams for 22 karat gold and Rs 66,450 per 10 grams for 18 karat gold.

In Delhi, the popular choice for jewellers, 22-carat gold, prized for its durability, was priced at Rs 81,360 for 10 grams. The Gold price in Mumbai was priced at Rs 81,210 per 10 grams for 22-Carat gold. Whereas in Hyderabad, the price of gold today is Rs 81,210 per 10 grams of 22-carat gold and Rs 88,590 per 10 grams for 24-carat gold.

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.