Gold Rate Today: View gold rates in various cities on August 30, 2023. (Representative image)
Gold Price Today in India: Global economic conditions also exert a significant influence on the gold price.
Gold price today in India: As of August 30, the cost of selling 10 grams of gold in various cities in India is about Rs 59,000. For a more comprehensive breakdown: 10 grams 24 carat gold are valued at Rs 59,400 while an equivalent amount of 22 carat gold can be purchased for Rs 54,500. The price of silver stands at Rs 76,900 per kilogram.
Retail gold price on August 30 (see table below)
Delhi gold price today
In Delhi, 22-karat gold cost Rs 54,600/10 grams. For 24 carats, customers have to pay Rs 59,550/10 grams.
Ahmedabad gold price
The selling price of 22 carat gold in Ahmedabad is Rs 54,500 per 10 grams and the rate of 24 carat gold is Rs 59,450 per 10 grams. This article will be updated as prices change throughout the day.
Chennai gold price
22 carat gold costs Rs 54,750/10 grams in Chennai. Similarly, the capital of Tamil Nadu has Rs 59,750 per 10 grams selling price of 24 carat gold.
Check out the gold prices in different cities today on August 30, 2023; (In €/10 grams)
| City | 22 carat gold price | 24 carat gold price |
| Mumbai | 54,450 | 59,400 |
| Gurugram | 54,600 | 59,550 |
| Kolkata | 54,450 | 59,400 |
| Lucknow | 54,600 | 59,550 |
| Bengaluru | 54,450 | 59,400 |
| Jaipur | 54,600 | 59,550 |
| Patna | 54,500 | 59,450 |
| Bhubaneswar | 54,450 | 59,400 |
| Hyderabad | 54,450 | 59,400 |
On August 30on Multi Commodity Exchange, gold futures expiring October 5, 2023 were traded at Rs., 58,978. On the other hand, Silver, which expires on September 5, was up Rs 73,799.
Gold prices in India are generally influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations and local supply and demand dynamics.
Here are some factors that can affect the gold price:
Supply and demand: The gold price is primarily determined by the interplay of supply and demand on the market. When the demand for gold increases, the price will usually rise as well. Conversely, if the supply of gold increases, the price is likely to fall.
Global economic conditions: Global economic conditions also exert a significant influence on gold prices. In times of global economic downturn, investors often turn to gold as a safe haven, leading to upward pressure on gold prices.
Political instability: Moreover, political instability can also have an impact on the gold price. In cases where there is political turmoil or crisis in a major country, investors may try to protect their assets by investing in gold as a hedge against uncertainty, which can lead to an increase in the price of gold.
In addition, the selling price of gold in India reflects the cost at which gold is sold to consumers in the country. This value is influenced by several elements such as the global price of gold, the value of the rupee, and the costs associated with labor and materials involved in making gold jewelry.
Gold is considered an important item in India due to its cultural significance, investment value and its traditional role in weddings and festivals.
