Gold Rate Rises In India: Check 22 Carat Price In Your City On April 27

Gold rate today in India on April 27, 2024: India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Representative image)

Gold Rate Today In India: Gold prices in India rose on April 27 amid an increased demand in the spot market. The initial price for 10 grams of gold stood at Rs 72,930. Pure gold (24-carat) was trading at around Rs 72,930 per 10 grams, while 22-carat gold was at Rs 66,850.

However, the silver market showed a downward movement, selling at Rs 84,000 per kilogram in the spot market.

The gold prices recently saw a continuous increase in India due to safe-haven buying amid the Israel-Iran tension. However, the prices saw a correction after that.

Gold rate today in India: Retail gold price on April 27

Gold Rate Today In Mumbai

Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 66,850, while the equivalent amount of 24-carat gold is valued at Rs 72,930.

Gold Rate Today In Delhi

As of April 27, 2024, the price of 10 grams of 22-carat gold in Delhi is approximately Rs 67,000, while the rate for 10 grams of 24-carat gold stands at roughly Rs 73,080.

Gold Rate Today In Ahmedabad

In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 66,900, and for the same amount of 24-carat gold, it’s Rs 72,980.

Check gold rates today in different cities on April 27, 2024; (In Rs/10 grams)

Multi Commodity Exchange

On April 27, 2024, the MCX was closed as the commodity exchange remains closed on Saturdays and Sundays.

Retail Cost of Gold

The gold price in India, often referred to as the retail gold price, reflects the final cost per unit weight paid by consumers when purchasing gold. This price is influenced by numerous factors beyond the inherent value of the metal.

Gold carries great significance in India because of its cultural importance, its role as a valuable investment, and its traditional connection with weddings and festivals.

Here are several factors that can exert influence on the price of gold:

Market Forces and Gold Valuation: The valuation of gold is predominantly influenced by the dynamics of supply and demand. If there is a surge in public interest for gold, its price tends to rise. Conversely, an excess supply of gold in the market can lead to a decline in its price.

Global Economic Dynamics: The broader state of the global economy plays a significant role in determining gold prices. During periods of economic downturn or recession, investors often turn to gold as a secure investment, causing an uptick in its value.

Impact of Political Uncertainty: Political instability can also exert considerable influence on gold prices. Instances of uncertainty or crises in pivotal countries or regions may drive investors to safeguard their assets by investing in gold, thereby creating heightened demand and causing an increase in the price of gold.