Gold Prices Today Fall Again: It’s Great Opportunity To Buy Gold Today At Lower Costs
Gold rates in India are sharply down this week, before Diwali, creating an opportunity for investors to buy gold at lower costs. Analysts at Motilal Oswal mentioned target price fold gold. The firm suggests buying gold now with Rs. 53000 as a medium-term target, and Rs. 58000 as a long-term target, for an 8-17% potential upside.
Gold prices marginally diclined on Thursday, October 20. According to website Goodreturns, the price of 1 gm of 22k gold costs ₹4,635 while that of 24K gold is worth ₹5,056. This as India witnesses the festive occasion of Dhanteras and Diwali.
Today, on October 20, in India the 22-carat gold rate is quoted at Rs. 46,350, and the 24-carat gold rate is quoted at Rs. 50,560/10 grams, falling by Rs. 200-220 intra-day.
Today 22 Carat Gold Price Per Gram in India (INR)
Today 24 Carat Gold Price Per Gram in India (INR)
The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.
In Delhi, the price of 10 gms of 22k gold stood at ₹46,500 while that of 24K gold is at s 50,730. In Mumbai, the prices of both 22k gold and 24k gold stood at ₹46,350 per 10 gms and ₹50,560 per 10 gms respectively. In Kolkata, the price of 22k gold stands at ₹46,350 per 10 gms while that of 24k gold stands at ₹50,560 per 10 gms.
Indian Major Cities Gold Rates Today
Gold prices in India are determined according to the rupees vs US dollar equation. If the dollar is stronger, gold will be expensive.