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4. Today Gold Rate in Indore, Madhya Pradesh

Today Gold Rate in Indore, Madhya Pradesh (02 July, 2024) | 1 Gram Gold Rate Today in Indore, Madhya Pradesh

What is the Gold Price per one gram in Indore, Madhya Pradesh today? : (02 July, 2024) 1 Gram 24 Carat Gold Rate is ₹ 6989, 1 Gram 22 Carat Gold Rate is ₹ 6473 and 1 Gram 18 Carat Gold Rate is ₹ 5267 in Indore, Madhya Pradesh.

Gold Rate Today (02 July, 2024) in Indore, Madhya Pradesh

1 Gram Gold Rate,5 Gram Gold Rate,10 Gram Gold Rate and 100 Gram Gold Rate Today in Indore, Madhya Pradesh is as Following.

Gold Price Chart Last 30 days in Indore, Madhya Pradesh

Gold Price Trend in Indore, Madhya Pradesh

24ct Gold Price Today

Today 24ct Gold Price in Indore, Madhya Pradesh is ₹ 6989 Per 1 Gram. Yesterday 24ct Gold Price in Indore, Madhya Pradesh was ₹ 6989 Per 1 Gram. 24ct Gold Price in Indore, Madhya Pradesh has no increase or decrease compared to yesterday's price.

22 Carat Gold Price Today

Today 22 Carat Gold Price in Indore, Madhya Pradesh is ₹ 6473 Per 1 Gram. Yesterday 22ct Gold Price in Indore, Madhya Pradesh was ₹ 6473 Per 1 Gram. 22ct Gold Price in Indore, Madhya Pradesh has no increase or decrease compared to yesterday's price.

18 Karat Gold Price Today

Today 18 Karat Gold Price in Indore, Madhya Pradesh is ₹ 5267 Per 1 Gram. Yesterday 18ct Gold Price in Indore, Madhya Pradesh was ₹ 5267 Per 1 Gram. 18ct Gold Price in Indore, Madhya Pradesh has no increase or decrease compared to yesterday's price.

Daily, Weekly & Monthly Gold Rate in Indore, Madhya Pradesh

Gold holds a special place in Indian culture and tradition. For generations, it has been an integral part of weddings, festivals, and celebrations. But beyond its cultural significance, gold plays a crucial role in the country's economy and investment landscape.

Cultural Significance

In India, gold is not just a precious metal; it symbolizes wealth, prosperity, and auspiciousness. It's deeply ingrained in customs, given as gifts during weddings, festivals like Diwali, and other important occasions. Families often consider it a safeguard against financial uncertainty and a means to pass on wealth to future generations.

Economic Importance

Apart from its cultural prominence, gold holds immense economic value in India. It serves as a hedge against inflation and currency devaluation. Many Indians view gold as a reliable investment option, especially during economic instability. It's considered a tangible asset that retains value over time.

Daily Price Variations

The price of gold is not static; it fluctuates daily based on various factors. International market trends, currency rates, geopolitical events, and demand-supply dynamics influence these fluctuations. In India, the price of gold is affected by global prices along with import duties and taxes imposed by the government.

Factors Influencing Price Changes

1. Global Market Trends: Gold prices are heavily influenced by global market trends. Factors like geopolitical tensions, economic policies of major countries, and changes in interest rates impact the price of gold worldwide.

2. Currency Rates: Fluctuations in currency rates, especially the value of the Indian rupee against the US dollar, have a significant impact on gold prices in India as gold is traded in dollars globally.

3. Demand and Supply: The demand for gold in India, especially during festive seasons or for jewelry-making purposes, affects its price. Additionally, changes in supply due to mining output or recycling also contribute to price fluctuations.

4. Government Policies: Import duties and taxes imposed by the Indian government play a crucial role in determining the final price of gold in the domestic market.

Gold Price in Other Cities of Madhya Pradesh Today