India’s gold consumption is expected to rise further in 2022, as per World Gold Council (WGC). Notably, this comes after recording a big jump of 79 per cent last year; the reasons being a ‘pent-up demand’ and an ‘improvement in consumer confidence.
Globally, gold pared gains and was down 0.09% at $1,792.54 an ounce.
It will boost retail jewellery sales nationwide. As we know gold price in India and worldwide are subject to change. We bring you the latest prices of yellow metal in grams from Goodreturns. Below are given the gold price for the cities of Kerala, Hyderabad and Chennai.
India remains the world’s second-biggest ‘gold consumer’. Hence, this rise in consumption would help global prices but would also widen India’s trade deficit and put pressure on the already-strained rupee.
Gold price today in Chennai
The gold rates in Chennai for 22-carat, 1 gram stands at Rs 4,893, while the gold price for 8 grams stands at Rs 39,144.
For 10 gram gold, the buyer will have to pay Rs 48,930. Today gold rate in Chennai for 100 grams hovers at Rs 4,89,300.
When it comes to 24-carat gold for 1 gram in Chennai, prices are Rs 5,338. For 8 gram gold in Chennai, the buyer will have to pay Rs 42,704.
10 gram of gold in Chennai stands at Rs 53,380 while 100 gram stands at Rs 5,33,800.
Gold rates in Hyderabad depend upon the global gold rates. These are affected by several factors such as Inflation, change in global prices, central bank gold reserve, fluctuating rates of interest, jewellery markets among others. Below are the latest gold rates today in Hyderabad.
22-carat gold price per gram in Hyderabad
22-carat Gold price today in Hyderabad
24-carat Gold price today in Hyderabad
Gold rates in Kerala have always seen good consumption patterns, especially when it comes to the festive season or also during occasions like marriage or naming ceremonies.