Gold Rate Today In Delhi: May 11, 2024

Q: How is the gold price calculated?

Demand and supply is the predominant factor that determines gold’s price . Also, the factors including central gold reserves, strength of the U.S. dollar, gold production capacity, gold price discovery are key to determining the gold price in India.

Q: Top ways to make a gold investment in India?

• Stock market exchange: Multi commodity exchange (MCX) • Gold futures contract: London metal exchange (LME), Intercontinental exchange (ICE), Chicago mercantile exchange (CME), Tokyo commodity exchange (TOCOM). • Physical gold: Gold jewelry, coins and bars. • Digital gold: Sovereign gold bonds (SGBs), gold ETFs, digital gold wallets.

Q: How to buy sovereign gold bonds?

Sovereign gold bonds are government-backed securities that require a minimum investment starting one gram up to four kilograms per year for an individual. SGB assures an interest rate of 2.5% semi-annually on the deposit.

Q: What has crude oil got to do with gold prices?

Oil is the leading commodity in the market. Any change in its price affects the prices of other commodities, including gold.

Dipen Pradhan

Forbes Staff

Published: May 10, 2024, 9:35am

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.

The price of gold is different across cities and states within the country. Forbes Advisor has put together the gold price of one and 10 grams of 24-Carat and 22-Carat pure gold in Delhi today, as of 9:35 pm.

Gold Rate In Delhi (May 11, 2024)

Today 22 Carat Gold Price in Delhi (Per Gram)

Today 24 Carat Gold Price in Delhi (Per Gram)

Gold Rates in Delhi for the Last 10 Days (Per Gram)

Compare 22K & 24K Gold Rate In Delhi (Yesterday & May 11, 2024)

Monthly Graph of Gold Rate in Delhi (22 Carat gold)

Monthly Graph of Gold Rate in Delhi (24 Carat gold)

Gold Rate In India Today: May 11, 2024

Where to Buy Gold in Delhi?

Physical gold and gold saving schemes

Physical gold can be obtained at jewelry retailer’s shops. Banks and NBFCs also avail of the facility to buy or invest in gold. In a gold saving scheme offered by retailers, individuals deposit a sum every month for a specific tenure and obtain the jewelry who typically agrees to pay the last installment as a cash incentive.

Sovereign gold bonds

RBI issues bonds, with the value of one bond being 1 gram of gold. An individual can subscribe to a minimum of 1 gram of gold up to a maximum of 4 kgs.

Digital gold

The method of investing in digital gold include buying:

Gold exchange traded funds (ETFs): Stock exchanges in India via banks allow individuals to invest in an ETF backed by pure physical gold. It works like a stock market and value based on gold prices and gold bullion. One gold ETF unit is equal to 1 gram of gold.

Gold accumulation plan: Mobile wallets and under the Gold Rush plan of Stock Holding Corporation of India offer individuals to buy digital gold upon certain investments and safely accumulate gold.

Where to Sell Gold in Delhi?

Retailers buy jewels from individuals upon showing the bill of purchase. Its value is based on factors including gold’s weight, value at the time of purchase, etc.

Gold loan: Financial institutions give loans against gold as a collateral. The individual pays EMI plus interest rates on gold loans.

Frequently Asked Questions (FAQs)

What is the difference between 24K, 22K, and 18K gold?

These are the hallmark purity or fineness scale in gold:

• 24K = 99.9% Purity
• 22K = 91.6% Purity
• 18K = 75% Purity

What is the price of gold in major cities of India?

How is the gold price calculated?

Top ways to make a gold investment in India?

How to buy sovereign gold bonds?

What has crude oil got to do with gold prices?

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Dipen Pradhan Forbes Staff

Dipen Pradhan is a Staff Reporter for Forbes Advisor India. He has more than 10 years of experience in journalism. He covers the personal finance beat. When he is not writing, he enjoys documenting the community's ethnic knowledge, and travels to explore rural hotspots.