Gold is one of the most revered metals in Indian culture. No auspicious occasion—festivals, marriages, birthdays, etc.—passes without the use of this metal. Indian temples are well-known for their old and modern gold idols, which are secured against robbery and theft. Most Indians view gold as an investment that can be used during difficult economic times. India has the biggest gold market, where it is much more than “just a metal.” No matter where you live in the world, if you have that Indian vibe, all of your festivals and celebrations would be incomplete without a touch of gold! Even when seeking cheapest business class flights to India from USA, you can’t ignore the allure of this cherished metal intertwined with the very fabric of Indian culture.
So, are you curious about the current gold price in India? Look through our guide to get the answers to all of your questions.
What Is the Price Of Gold Today In India?
Gold has consistently shown to be the ideal hedge against inflation. It has not only added brightness and charm to Indian celebrations such as Akshaya Tritya and Diwali but also drawn interest from several investors as a significant investment potential. Let’s look at the current price of gold in India.
Gold Price In India Today – (Per Gram with GST 3%)
| 24K Today | 22 K Today | 18 K Today |
| ₹ 7,107.81 | ₹ 6,515.49 | ₹ 5,330.86 |
Current 24K Gold Price in India (INR)
The current price of 24-carat gold in India is as follows:
| Gram of Gold | 24kt Gold Price in India Today |
| 1 gram gold price in India | 7,107.81 |
| 8-gram gold price in India | 56,862.48 |
| 10-gram gold price in India | 71,078.10 |
| 100-gram gold price in India | 710,780.98 |
Current 22 Carat Gold Price In India (INR)
The current price of 22k gold in India is as follows:
| Gram of Gold | 22kt Gold Price in India Today |
| 1 gram gold price in India | 6,515.49 |
| 8-gram gold price in India | 52,123.94 |
| 10-gram gold price in India | 65,154.92 |
| 100-gram gold price in India | 651,549.23 |
Current 18 Carat Gold Price In India (INR)
Take a look at the current 18-carat gold price in India:
| Gram of Gold | 18kt Gold Price in India Today |
| 1 gram gold price in India | 5,330.86 |
| 8-gram gold price in India | 42,646.86 |
| 10-gram gold price in India | 53,308.57 |
| 100-gram gold price in India | 533,085.73 |
This was all about the current Gold Price in India!
Guidelines For Carrying Gold On USA To India Flights
If you are taking last minute flights to India from USA, keep these points in mind when shipping gold.
- Male travelers are allowed to bring up to 20 grams of jewelry made of gold duty-free into India, whereas female passengers can carry up to 40 grams.
- The duty-free allowance doesn’t apply to coins made of gold or biscuits; it solely pertains to simple gold jewelry.
- If a passenger has been abroad for a year or longer. They are allowed to bring up to one kilogram of gold jewelry.
- If you bring the gold to India for remake, you will be taxed at the full assessed amount even if it came from the United States.
Key Factors Influencing Current Gold Prices
Now, let us take a look at some of the key variables that influence the current price of gold. There’s no denying that the world markets have a big influence on this metal’s price. Since India is among the countries that consume the most gold, every change in the metal’s price outside has a significant effect on Indian prices.
- Inflation: Gold has substantial value and is used as an inflation hedge because of its nearly constant nature in comparison to other forms of money. For this reason, investors would prefer to own gold rather than cash. As a result, during periods of high inflation and vice versa, demand for gold increases. Then, due to strong consumer demand, the price of gold will soar.
- Government Gold Reserves: The majority of the world’s central banks maintain reserves of both gold and money. The Reserve Bank of India and the US Federal Reserve are prime examples of this. When big central banks start hoarding more gold and maintaining reserves of it, the price of gold rises. This is due to an increase in the flow of cash through the market and a decrease in the quantity of gold.
- Interest Rate Trends: There is a strong correlation between the demand for gold and interest rates on financial goods and services. Generally speaking, current gold prices are good predictors of interest rate trends in any given country. When interest rates rise, buyers frequently sell gold to raise money. Which lowers the metal’s price because there is more gold available. Conversely, lower interest rates lead to consumers having more cash on hand, which drives up the price of gold by increasing demand for the metal.
And that’s a wrap! Now that you are aware of the price of gold in India and the limitations of using it for travel, it’s time to pack your bags and fly! Grab cheap flight tickets from USA to India with Tripbeam and let the journey begin!