Gold Price: In India, gold transcends its role as merely an investment or commodity; it is deeply intertwined with the cultural and emotional fabric of society. Gold plays a significant role in various life events, from the celebration of a child’s birth to the institution of marriage.
Avarage gold price range currently in India
Currently, the price of gold in India stands at Rs 774.9 per gram and Rs 77,490 per 10 grams. Have you ever considered where the most affordable gold can be found globally and how its price compares to that in India?
But, from where you can buy gold at the most affordable price
The most economical gold is located in Dubai, often referred to as the ‘City of Dreams’ and ‘The Gold City.’ Dubai serves as a prominent hub for gold trading, benefiting from substantial tax exemptions that contribute to its lower prices. Presently, the cost of 24-carat gold in Dubai is Rs 7360 per gram or Rs 73,600 per 10 grams, while 22-carat gold is priced at Rs 6811 per gram or Rs 68,110 per 10 grams.
Now, compare the price range with Indian market
In contrast, the price of 24-carat gold in India is Rs 77,490, and 22-carat gold is Rs 6995 per gram or Rs 69,950 per gram. Consequently, when compared to Dubai, 24-carat gold in India is more expensive by Rs 3890 per 10 grams, and 22-carat gold is pricier by Rs 1840 per 10 grams.