Gold Rate Today – Falls For 24 Carat And 22 Carat

Gold Rate Today in India decreases by Rs.160 for 24 Carat and 22 Carat as of July 18, 2022.

Today gold rate (as of 18th June 2022) for 24 Carat and 22 Carat is

For 24 carat gold (10 grams)Rs 50,400
For 22 carat gold (10 grams)Rs 46,170

Variations in gold rates can be seen in major cities of India in the last 24 hours.

City-wise Gold Rate Today

Cities10 gram Gold Rate For 24-carat Gold (in INR)10 gram Gold Rate For 24-carat Gold (in INR)
Gold rate in Chennai₹52,285₹47,927
Gold rate in Delhi₹50,730₹46,500
Gold rate in Kolkata₹50,730₹46,500
Gold rate in Mumbai₹50,730₹46,500
Gold rate in Bhubaneswar₹50,390₹46,190
Gold rate in Lucknow₹50,550₹46,340
Gold rate in Pune₹50,470₹46,270
Gold rate in Chandigarh₹50,550₹46,370
Gold Rate Today

Why invest in gold?

Investing in gold acts as a cushion against inflation. That is why investors consider investing in gold an important investment.

Gold rate in India

Which bank is best for a gold loan?

The gold loan interest rates availed by pledging gold, are slightly lower than other types of loans and range between 7.35% to 29% p.a. Banks and other financial institutions in India offer gold loans with loan amounts ranging from 1500 rupees to 1.5 million rupees. The tenure for repayment of these gold loans is from 7 days to 240 months.

Interest Rate7.35% p.a. onwards
Loan Amount₹1500 Up to ₹1 crore
Loan TenureUp to 20 years
Processing Fee0.5% the loan amount + GST onwards

Gold Loan Interest Rates Comparison 2022

Name of the BankInterest RateLoan Amount
Axis Bank Gold Loan13.50% p.a.to 16.95% p.a.Rs.25,001 to Rs.25 lakh
HDFC Gold Loan11% p.a. to 16% p.a.Rs.10,000 onwards
Canara Bank Gold Loan7.35% p.a.Rs.5,000 to Rs.35 lakh
Muthoot Gold Loan12% p.a. to 26% p.a.Rs.1,500 onwards
SBI Gold Loan7.00% p.a. onwardsRs.20,000 to Rs.50 lakh
Kotak Mahindra Gold Loan10.00% p.a. – 17.00% p.a.Rs.20,000 to Rs.1.5 crore
IndusInd Bank Gold Loan11.50% p.a. – 16.00% p.a.Up to Rs.10 lakh
Manappuram Gold LoanUp to 29%As per the requirement of the scheme
Bank of Maharashtra Gold Loan7.10% p.a.Up to Rs.20 lakh
PNB Gold Loan7.70% p.a. to 8.75% p.a.Rs.25,000 to Rs.10 lakh
Bank of Baroda Gold Loan9.00% p.a. – 9.15% p.a.Up to Rs.25 lakh

FAQ

Which country has the most gold reserves?

The United States of America holds the largest gold reserve with a substantial reserve of more than 8,100 tons. The US government has almost as many reserves as the next three largest gold-producing countries combined (Germany, Italy and France).

How to invest in gold?

Here are different ways for investing in gold.
Physical gold, Gold ETFs and Gold Bonds.

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