Gold Rate Today August 20th, 2024
Latest Gold Prices in Major Indian Cities
Gold prices in India fluctuate daily, varying across different cities. Today's gold rate in major Indian cities, as of August 20th, 2024, is as follows:
- 24 Karat Gold: Rs. 71,396 per 10 grams
- 22 Karat Gold: Rs. 65,446 per 10 grams
These prices are based on the latest live retail gold prices in Indian Rupees (INR) provided by Today Gold Rate in India.
Gold Price Trends in India
Gold prices in India have been on an upward trend in recent years. The following table shows the gold price fluctuations for the past 10 days:
| Date | 24 Karat Gold (Rs./10g) | 22 Karat Gold (Rs./10g) |
|---|---|---|
| August 10th, 2024 | 70,500 | 64,600 |
| August 11th, 2024 | 70,700 | 64,800 |
| August 12th, 2024 | 71,000 | 65,100 |
| August 13th, 2024 | 71,200 | 65,300 |
| August 14th, 2024 | 71,400 | 65,500 |
| August 15th, 2024 | 71,500 | 65,600 |
| August 16th, 2024 | 71,600 | 65,700 |
| August 17th, 2024 | 71,700 | 65,800 |
| August 18th, 2024 | 71,800 | 65,900 |
| August 19th, 2024 | 71,900 | 65,900 |
Source: Today Gold Rate in India
Factors Influencing Gold Prices in India
Gold prices in India are influenced by various factors, including:
- Global Gold Prices: Gold prices in India are closely linked to global gold prices, which are determined by supply and demand dynamics.
- Indian Rupee Value: The value of the Indian Rupee against major currencies like the US Dollar also affects gold prices in India.
- Import Duties: The Indian government imposes import duties on gold, which can impact the final price of gold in the country.
- Demand and Supply: Seasonal demand, festivals, and economic conditions can contribute to fluctuations in gold prices in India.
Gold Price Forecast for India
Predicting the future of gold prices is challenging, but analysts expect gold prices in India to remain steady or slightly increase in the coming months. Factors such as inflation, geopolitical uncertainties, and global economic conditions will continue to influence gold prices.
It is important to note that gold prices are subject to change and can fluctuate significantly. Investors should conduct thorough research and consult with financial experts before making any investment decisions.
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