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Today Gold Rate per Gram Jewellery

Before venturing out to sell your gold, the customer should find out today’s gold rate per gram in India. Since the prices are dynamic, it is imperative to research the rates on the day of the transaction.

Historical Price of Gold Rate in India

The tradition of investing in gold in India has been long standing. The market rate of gold gets affected by several domestic and international factors, leading to some historical price fluctuations.

24 Carat Gold Price in 2021

Customers in India can enjoy some of the most attractive 24 Carat gold prices in 2021.

 24 Carat Gold Price in 2020

The selling price of 24 carat gold in India went through some fluctuations due to the COVID pandemic.

22 Carat Gold Price in 2021

The 22 carat gold rate in India enables customers to sell their gold and get the maximum value in 2021.

22 Carat Gold Price in 2020

The price of 22 carat gold in India saw some interesting trends in 2020.

Factors Affecting Gold Rate in India

Gold rate in India is affected by economic policies, taxations, crude oil prices, market conditions, and so much more. Here are some of them in detail:

  1. Inflation: Market fluctuations are a vital factor in determining the gold price in India. As the demand increases, the price of gold in India rises to maintain equilibrium with the supply.
  2. Gold Reserves: The Reserve Bank of India regulates the gold reserves in the country. An influx in gold reserves is an indicator of an increased inflow of cash in the domestic market. This affects the price of gold in India significantly.
  3. Gold market: Indians uphold the history and tradition of investing in gold jewellery, coins, etc. This causes frequent shifts in the demand and supply of gold, affecting its rate every day. For example, during the wedding season, the demand for gold is high, so the price increases if the supply is short.

Various Gold Investment Options Available in India

There are several ways of investing in gold in India. They are:

  1. Investing in Gold Jewellery: Investing in gold jewellery is an age-old tradition in India. They become gifts which har handed down to generations. They offer extensive financial security to the recipient. Since gold prices are always on the rise and require minimal maintenance, buying gold jewellery is considered to be a great investment option.
  2. Investing in Gold Coins or Gold Bars: Investing in gold jewellery is popular, but many individuals prefer investing in gold coins or bars too This investment method saves them making charges which are applicable on gold jewellery. But customers should ensure to buy gold bars and coins only from reputed jewellers or registered banks.
  3. Investing in Gold ETF: Gold ETF or Exchange Traded Fund is a type of mutual fund which gives the customers the freedom to invest in gold in small quantities, or as per requirement. Gold ETFs can be sold anywhere in India with complete transparency at nominal charges.

How is Gold Rate Calculated in India?

A committee, in every city of India, decides the prevailing gold rate for the day. The members of such a committee are the top gold jewellers and traders of the city. The gold price is determined by gauging the effect of several factors such as local tariffs, duties, etc.

How to Sell Old Gold Jewelry for Cash?

Muthoot Gold Point offers a convenient and transparent platform for its customers to sell their gold for instant cash. Selling gold jewellery with Muthoot Fincorp involves the following steps:

Step 1: Customers visit their nearest Muthoot Gold Point branch and get their gold evaluated.

Step 2: The gold jewellery is cleaned thoroughly with ultrasonic machines to remove any dirt. This process is done in front of the customer.

Step 3: The value, weight and purity of gold is checked on XRF machines before the customer.

Step 4: Based on the value, weight and purity of the gold, it is evaluated as per the current market rate of gold in India.

Step 5: If the customer is satisfied with the evaluation, they can hand over the gold to the representative. Muthoot Gold Point offers instant cash up to Rs 10000. If the amount is above Rs 10,000, the amount is transferred to the customer’s bank account.

Browse Gold Rate in Other Locations: Gold Rate in Vijayawada , Gold Rate in Trichy , Gold Rate in Bangalore , Gold Rate in Coimbatore , Gold Rate in Ahmedabad , Gold Rate Calculator , Gold Buyers in Noida

Muthoot Gold Point Logo

The Muthoot Pappachan Group, with a reputation that has been shaped over decades with high quality practices, total customer satisfaction and steady growth, spanning decades in the field of business, is a legacy built on God-given values of trust, truth, transparency and tradition and has become one of the top business houses today by the grace of God.

More then 4,200 Branches across India

Over 4,200 Branches across India

132 + years of Legacy

133+ years of legacy

Over 24,000 Employees Serving Millions of Customer

Over 24,000 employees serving millions of customer

Walk in of over 1,00,000 Customers Per Day

Walk in of over 1,00,000 customers per day

My mother and I have sold some very old gold over the past few months to three different organizations. One was a branch of an old established famous Jeweller in Mumbai while two were only buyers of gold. Of these, our experience with Muthoot Gold Point has been by far the best. We were impress.. read more

SACHIN JONEJA

Vijay Sharma Testimonial on Muthoot Gold Point

I wanted to sell some gold jewellery to pay for the construction of my house – my contractor had cheated us. I saw the MGP advertisement on a government bus and decided to meet them as I was in great need. My earlier experience of selling the gold had not been good. But, the salesperson at MGP sat.. read more

Basvaraju

I can never forget Muthoot Gold Point. If I had not come to know about MGP at the right time, I could have lost everything. In family and business, money is tight, when you need it the most. At these times, if there is a provision to sell your gold, plot of land, house and silver, then you can mee.. read more

Srinarayan

I was looking to pay the last year’s fee for my eldest son’s engineering college, I did not have enough money. My wife asked me to sell all our gold jewellery and coins we had collected over the years. I went to some local jewellers and was shocked – they offered less than half of the value of the.. read more

Vijay Sharma

Amar Singh Testimonial on Muthoot Gold Point

When my father needed an emergency by-pass, I took all the jewellery and sold gold for cash, I had to MGP, straight away. I had dealt with them earlier also. The first time I took a loan was from them to set up my parlor four years ago. Luckily, i w.. read more

AMAR SINGH

Frequently Asked Questions


1. What is the Gold Rate?

Gold rate is the price per gram at which gold is bought and sold. This price is affected by several factors and market conditions. It is dynamic and is subject to change every day.

2. What is the Price of KDM 916 Gold Today?

916 Hallmarked gold jewellery means that the gold has a 91.6 percent purity or is 22k gold. It is the highest level of purity available for 22k gold since it is required to be mixed with alloy. You can check the rate of KDM 916 22k gold per gram in India by visiting Muthoot Gold Point.

3. What is the Price of 10 Gram Gold Today?

Please contact our customer care representative to get the price of 10 gram gold.

4. What is the Price of 24 Carat Gold?

Please contact our customer care representative to get the price of 10 gram gold.

5. What is the Cost of 22k Carat Gold ?

Please contact our customer care representative to get the price of 22 carat gold.

6. What is the Best Way to Sell Old Gold Jewelry for Best Price in India?

The best way to sell old gold jewellery in India is through Muthoot Gold Point. Here’s why:

  • We offer the best rate for gold in the market.
  • We follow a scientifically tested methodology which involves cleaning, evaluating and weighing the gold with technologically advanced tools.
  • The entire process is transparent and seamless for the convenience of customers.
  • Customers can hand over the gold and take home cash instantly (up to Rs 10,000, higher amounts are transferred via NEFT/IMPS/RT.

7. Why is Gold a Good Investment?

Gold is a historically preferred investment option in India. It is easy to invest and liquidate. Gold owners can easily walk up to a gold trader and exchange it for cash without any hassles. It has strong sustenance against inflation and is a great investment option for wealth creation.

8. How QE Impacts Gold Prices Today?

Quantitative easing or QE is a monetary policy through which central banks buy long-term securities. Quantitative Easing affects the value of currency significantly, which releases more money into the hands of the consumers. There is a spurt in the demand for gold in such a case, which leads to a higher price of gold in India due to a shortage of supply.

9. Is Inflation a Big Determinant of Gold Rates?

Yes, inflation is a great determinant of gold price per gram in India. As the demand increases, the price of gold in India, like the rest of India, rises according to the rate of inflation.

10. Will the Gold Price Keep Changing in India?

Yes, the gold price in India is subject to changes according to fluctuations in the market, government tariffs and duties, crude oil prices, etc. Hence, it will keep changing.

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    Muthoot Gold Point Branch Locations

    Visit Any of Our Branches to Sell Your Gold for Instant Cash

    • Bengaluru
    • Chennai
    • Coimbatore
    • Delhi
    • Ernakulam
    • Kolkata
    • Madurai
    • Mumbai
    • Noida
    • Trichy
    • Vijayawada

    Bengaluru

    Sell Gold for Cash in Bengaluru at Muthoot Gold Point

    No. 14, Sri Ramula Arcade, Jewellers Street, Near Commercial Street Police Station,
    Bengaluru - 560001, Tel: 804-2351234 & 9072031234

    Chennai

    Cash for Gold in Chennai at Muthoot Gold Point

    First Floor,Door No:214/9,Madley Road, Opp.T Nagar Bus Stand,
    T Nagar, Chennai, Tamil Nadu- 600017, Tel: +9144- 24366336

    Coimbatore

    Cash for Gold in Coimbatore at Muthoot Gold Point

    Ground Floor, Door No 323, NTR Complex, Raja Street,
    Coimbatore, Tamil Nadu 641001. Tel: +91422 2381234

    Madurai

    Sell Gold for Cash in Madurai at Muthoot Gold Point

    Ground Floor, Door No.27 A, Thottian Kinatru Street,
    Opposite Maravar Chavadi Pillaiyar Kovil Madurai Tamil Nadu 625001 India Phone: 0452-2350500

    Mumbai

    Sell Gold for Cash in Mumbai at Muthoot Gold Point

    To schedule a visit at your doorstep, please call us on given phone numbers -

    Phone: 7356534111/7034431122
    Email: mumbaimobilemgp@muthootexim.com

    Noida

    Sell Gold for Cash in Noida at Muthoot Gold Point

    Ground Floor, Plot No. 21, Block F, Sector 18 Gautam Budh Nagar Noida, Uttar Pradesh 201303

    Phone: 0120 429 6661

    Trichy

    Sell Gold in Trichy at Muthoot Gold Point

    1st Floor, Old No.25, New No.5 Opposite Axis bank Rock Fort Branch,
    Chinnakadai Street Trichy Tamil Nadu 620002 India Phone: 0431-2702200

    Delhi

    Cash for Gold in Delhi at Muthoot Gold Point

    Ground Floor, Shop No.5, Plot No – 2652/53,Stuti Building, Bank Street,
    Karol Bagh, Delhi 110005 Tel: +91 11 45539686

    Kolkata

    Sell Gold for Cash in Kolkata at Muthoot Gold Point

    Ground floor, 43 Ashutosh Mukherjee Road, Bhowanipur, Kolkata-700025,
    Near Netaji Bhavan Metro Station. Tel: +91-33-24868222, E-mail: bhowanipur@muthootexim.com

    Vijayawada

    Sell Gold in Vijayawada at Muthoot Gold Point

    Ground floor, Door No–27-14-59, Rajagopalachari Street ( East), Governorpet,
    Vijayawada – 520002, Andhra Pradesh. Tel: 0866-2973535

    Ernakulam

    Sell Gold in Ernakulam at Muthoot Gold Point

    Door No. 66/5410, First Floor, AVS , Building, M.G.Road, Near metro pillar no. 662
    Ernakulam Kerala 682035 India Phone: 0484 4862677 Email: ernakulam@muthootexim.com

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