Gold rate today in India on April 13, 2024: India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Representative image)
Check gold rates today in different cities on April 13, 2024; (In Rs/10 grams)
Gold Rate Today In India: On April 13, 2024, gold prices experienced a fall in India largely. However, the fundamental price for 10 grams remained close to Rs 66,500. A thorough analysis of the market revealed that the average price for 10 grams of 24-carat gold was approximately Rs 72,550, while 22-carat gold averaged around Rs 66,500.
At the same time, the silver market displayed an upward trend, reaching Rs 85,500 per kilogram.
Factors Affecting Gold Prices
Gold prices are influenced by various factors such as geopolitical events, economic indicators, the strength of the US dollar, and investor sentiment. These factors contribute to the volatility and fluctuations in gold prices on a daily basis.
Gold rate today in India: Retail gold price on April 13
Gold Rate Today In Delhi
As of April 13, 2024, in Delhi, the current price for 10 grams of 22-carat gold is approximately Rs 66,650, whereas 10 grams of 24-carat gold is priced at around Rs 72,700.
Gold Rate Today In Mumbai
Currently in Mumbai, the price of 10 grams of 22-carat gold stands at Rs 66,500, while the equivalent amount of 24-carat gold is valued at Rs 72,550.
Gold Rate Today In Ahmedabad
Regional Variations in Gold Prices
Gold prices can vary regionally due to factors such as local taxes, transportation costs, and demand-supply dynamics. It’s important for consumers to be aware of these regional differences when purchasing gold.
In Ahmedabad, the price for 10 grams of 22-carat gold is Rs 66,550, and for the same amount of 24-carat gold, it’s Rs 72,550.
Importance of Gold in Indian Culture
Gold holds a special significance in Indian culture, being used in ceremonies, festivals, and as a symbol of wealth and prosperity. Understanding the cultural importance of gold helps explain its enduring demand in the country.
Check gold rates today in different cities on April 13, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24-Carat Gold Price |
Multi Commodity Exchange
On April 13, 2024, the Multi Commodity Exchange (MCX) saw no trading closed as it remains closed on Saturdays.
Role of Exchanges in Gold Trading
Exchanges like MCX play a crucial role in facilitating gold trading and providing a platform for price discovery. Understanding how exchanges operate can help investors make informed decisions when trading gold.
Retail Cost of Gold
Gold as an Investment
Gold is not only a cultural symbol but also a popular investment asset due to its ability to act as a hedge against inflation and market uncertainty. Investors often include gold in their portfolios for diversification and stability.
The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
