Gold holds a special place in the hearts of people in India, not just as a valuable metal but as a symbol of prosperity, tradition, and security. Whether you are purchasing gold for a celebration, a special occasion, or as a smart investment, it’s important to stay updated on the latest prices.
Gold prices on Connect Karnataka are updated daily to help you stay informed. Gold prices can change due to factors like international market trends and currency exchange rates. That’s why it’s always a good idea to check the latest prices before you buy.
Today’s Gold Prices in Karnataka (October 16, 2024)
- 18 Carat Gold (per gram): ₹5,842
- Price change: +₹37 compared to yesterday
- 22 Carat Gold (per gram): ₹7,140
- Price change: +₹45 compared to yesterday
- 24 Carat Gold (per gram): ₹7,789
- Price change: +₹49 compared to yesterday
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Gold Price Trend in Karnataka (Last 7 Days)
| Date | 22 Carat (₹/gram) | 24 Carat (₹/gram) |
|---|---|---|
| 15-10-2024 | 7,095 (-20) | 7,740 (-22) |
| 14-10-2024 | 7,115 (-5) | 7,762 (-5) |
| 13-10-2024 | 7,120 (0) | 7,767 (0) |
| 12-10-2024 | 7,120 (+25) | 7,767 (+27) |
| 11-10-2024 | 7,095 (+70) | 7,740 (+76) |
| 10-10-2024 | 7,025 (-5) | 7,664 (-5) |
| 09-10-2024 | 7,030 (-70) | 7,669 (-76) |
Gold Purity Table
| Carat | Purity(%) | BIS Hallmark Code |
|---|---|---|
| 24 Carat | 99.9% | 999 |
| 22 Carat | 91.67% | 916 |
| 18 Carat | 75% | 750 |
| 14 Carat | 58.33% | 585 |
| 12 Carat | 50% | 500 |
| 10 Carat | 41.67% | 417 |
- 24 Carat Gold: The purest form of gold with 99.9% purity. It is marked with a hallmark code of 999.
- 22 Carat Gold: Commonly used for jewelry in India, 22K gold has 91.67% purity and is marked with the BIS hallmark code 916.
- 18 Carat Gold: Popular for jewelry making due to its durability, 18K gold has 75% purity and is marked with a hallmark code of 750.
- 14 Carat Gold: Less common in India but often used internationally for jewelry, with 58.33% purity and the hallmark code 585.
- 12 Carat Gold: Contains 50% pure gold and is marked with the hallmark code 500.
- 10 Carat Gold: Has the lowest purity commonly used for jewelry, with 41.67% gold, and is marked with the hallmark code 417
Why Gold is Important in Karnataka
Gold is an integral part of India’s culture. Whether it’s for weddings, festivals like Akshaya Tritiya, or even as an investment, it is cherished for its beauty and value. Buying gold isn’t just a financial decision, it’s often tied to our emotions and traditions.
In addition, gold offers financial security. For many families, it represents a long-term asset that can be passed down through generations or used in times of need.
Stay Updated with Daily Gold Prices
To make the best decisions when buying gold, it’s crucial to stay on top of the daily price fluctuations. Whether you’re making a big purchase or adding a small piece to your collection, knowing the current rates helps ensure you’re buying at the right time.
Check back every day for the latest gold price updates in Karnataka, so you never miss an opportunity!
FAQ’s
What is 18 Carat Gold?
18 Carat gold means that out of 24 parts of the alloy, 18 parts are pure gold, and the remaining 6 parts are made up of other metals like copper or silver. This makes 18K gold 75% pure. It is commonly used in jewelry because it’s more durable than higher purity gold like 22K or 24K.
What is 22 Carat Gold?
22 Carat gold is composed of 91.67% pure gold and 8.33% other metals such as silver, zinc, nickel, or other alloys. It is softer than 18K gold but still durable enough for making high-quality jewelry. 22K gold is widely used for making traditional Indian jewelry.
What is 24 Carat Gold?
24 Carat gold is pure gold (99.9%) with no other metals mixed in. It is softer than 22K or 18K gold and is often used for coins, bars, and investment purposes rather than jewelry due to its softness.
What is the 18 Carat Gold Rate Today in Karnataka?
The 18 Carat gold rate today in Karnataka is ₹5,842 per gram.
What is the 22 Carat Gold Rate Today in Karnataka?
The 22 Carat gold rate today in Karnataka is ₹7,140 per gram. This price is updated daily based on the latest market rates.
What is the 24 Carat Gold Rate Today in Karnataka?
The 24 Carat gold rate today in Karnataka is ₹7,789 per gram. Since 24K gold is pure, its price is usually higher than 18K or 22K gold.
How Often Do Gold Prices Change?
Gold prices can change multiple times a day based on global market trends, currency fluctuations, and local demand. It’s important to check the latest prices before making a purchase.
Why Do Gold Prices Vary Between 18K, 22K, and 24K?
Gold prices vary because of the different purity levels. 24K gold is pure, so it is the most expensive. 22K and 18K gold are mixed with other metals, making them slightly less expensive but more durable for everyday wear.
What is BIS Hallmark on Gold, and Why Is It Important to Check When Purchasing?
The BIS (Bureau of Indian Standards) hallmark is an official mark that certifies the purity of gold and assures consumers of the metal’s quality. It indicates that the gold has been tested and meets specific standards set by the BIS. Checking for the BIS hallmark is important when purchasing gold because:
1.Assurance of Purity: It confirms that you are getting the purity level you are paying for.
2.Protection Against Fraud: It helps protect consumers from counterfeit or substandard gold.
3.Trust and Credibility: Purchasing BIS-hallmarked gold ensures you are buying from a reputable source that adheres to quality standards.What Factors Influence Gold Prices in Karnataka?
Gold prices in Karnataka are influenced by several factors:
1.International market trends
2.Currency exchange rates
3.Inflation rates
4.Local demand during festivals, weddings, and other occasions
5.Government policies and taxes on goldHow Can I Stay Updated on Gold Prices in Karnataka?
You can stay updated on the daily gold prices in Karnataka by checking our website connectkarnataka.in every day. We provide daily updates on 18K, 22K, and 24K gold rates.
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