Today's Gold Price/Rate in Gurgaon

FAQs on Gold rate in Gurgaon

• What are the factors that determine the price of gold?

  The price of gold is dependent on a number of factors such as the demand, rates of interest, international political conditions, condition of the stock markets, government policies, and so on.

• What is 24 karat and 22 karat gold?

  Karat is the unit used to determine the purity of gold. 24 karat is pure gold and does not contain any impurity. It is mainly used for gold coins, bars, electronic, and medical devices. 22 karat gold, on the other hand, is an alloy wherein 91.67% is gold and the remaining is a mixture of metals like zinc, silver, nickel, etc. These impurities in the 22 karat gold make the metal stronger allowing it to be used for making jewellery.

• Is 22K gold Same as 916?

  Yes, 22 karat gold and 916 gold are the same. 916 is used to denote the percentage of pure gold in the 22 karat gold alloy. In 100 grams of 22 karat gold, 91.6 gram is pure gold and the remainder is a mix of other metals. In other words, 916 stands for 91.6% purity of gold or 22/24 karat purity.

• Will the gold price keep changing in India?

  Yes, the gold price in India will keep changing. The gold prices change on the basis of the fluctuations in the market, government tariffs and duties, etc.

• How many grams in one tola gold?

  Tola is a Hindi term used to measure gold. One tola gold is equivalent to 10 grams of gold.

• Where should I buy gold in Gurgaon?

  In Gurgaon, you can buy gold from any reputed jeweller. You can conisder buying gold from one of the many branded jewellers or even buy it from small jewellers. However, you have to make sure that the gold that you are getting is hallmarked and has proper authentication and paperwork done.

• Why do gold rates fluctuate in different cities in India?

  The main reason behind the varied rates of gold across different cities and states in India is the addition of transportation charges of the precious metal. In addition to that, the rates also vary depending on the discount provided for bulk purchases. The transportation charges added to the price of gold leads to the fluctuating rates across the country during the same period.