Gold price India, Sept 13: Gold Price Falls After Remaining Stable For 3 Days

The price of 22 carat gold in India has fallen marginally by Rs 20 at Rs 46,730 per 10 gram. The price of the yellow metal remains unchanged since September 10, 2022. When it comes to the price of 24 carat of gold, the prices have fallen by Rs 20 at Rs 50,980.

Check the price of 10 gram gold in different cities of India all across India:

Earlier, the prices of gold witnessed a surge of Rs 100 for 22 carat of gold to close at Rs 46,750 per 10 gram in India. Gold prices ended higher on September 8, 2022 by Rs 250 for 22 carat gold to close at Rs 46,650 per 10 gram. The prices of gold witnessed a dip of Rs 500 on September 7, 2022 to close at Rs 46,400 per 10 gram for 22 carat.

How is hallmarked gold rate today in India determined?
Now, first the important thing is that there is no difference between normal gold rate and hallmarked gold rate. Nobody charges extra for giving you hallmarked gold rate. It is the same rate at which the normal gold is sold. The only difference is that you are ensured of purity when you buy normal gold.

Hallmarked gold rate vs normal gold rate

1) There is no difference in gold prices

2) You are ensured of purity through hallmarking.

3) You have to take the precious metal to the essaying centres

4) Not many essaying centres are available in the market.

5) Some have advocated a stringent quality practice that has to established at the testing centres.

6) Still some way to reach the town and smaller cities.

7) Focus must be on swift expansion of the essaying centres so the smaller jewellers can make the best use of it.

The one thing that we need to mention is that hallmarked gold rates today in India do not differ in their pricing. What does differ is the quality of the precious metal. In any case what we advocate when you are buying is to buy into very high-quality stuff.

If there are no charges and difference between the two, it is better to stick to the quality hallmarked products. Investors have voiced their opinion on the poor number of hallmarking centres in the country and this needs to be addressed at the very earliest by the government of India. There is an urgent need to start more hallmarking centres, so quality gold is taken to all consumers in the country.