India’s gold consumption is expected to rise further in 2022, as per World Gold Council (WGC). Geopolitical tensions with higher crude prices are the major factors responsible for the safe haven demand of gold.
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.
It will boost retail jewellery sales nationwide. As we know gold price in India and worldwide are subject to change.
The Vocal News brings 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 5,020 while the gold price for 8 grams stands at Rs 40,160.
For 10 gram gold, the buyer will have to pay Rs 50,200. Today gold rate in Chennai for 100 grams hovers at Rs 5,02,000.
When it comes to 24-carat gold for 1 gram in Chennai, prices are Rs 5,477. For 8 gram gold in Chennai, the buyer will have to pay Rs 43,816.
10 gram of gold in Chennai stands at Rs 54,770 while 100 gram stands at Rs 5,47,700.
Gold price in Hyderabad today
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
| 1 Gram | Rs 4,980 |
| 8 Gram | Rs 39,840 |
| 10 Gram | Rs 49,800 |
| 100 Gram | Rs 4,98,000 |
24-carat Gold price today in Hyderabad
| 1 Gram | Rs 5,433 |
| 8 Gram | Rs 43,464 |
| 10 Gram | Rs 54,330 |
| 100 Gram | Rs 5,43,300 |
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.
22-carat Gold rate today in Kerala
| 1 Gram | Rs 4,940 |
| 8 Gram | Rs 39,520 |
| 10 Gram | Rs 49,400 |
| 100 Gram | Rs 4,94,000 |
24-carat Gold rate today in Kerala
| 1 Gram | Rs 5,389 |
| 8 Gram | Rs 43,112 |
| 10 Gram | Rs 53,890 |
| 100 Gram | Rs 5,38,900 |
ALSO READ: India’s Gold Demand Expected To Rise Further In 2022 – World Gold Council
