Gold Rate Today: The upcoming festive season in India is expected to drive demand for gold and silver jewellery, leading to price increases. Last week, gold prices in India have been steadily increasing, resulting in all purities of the yellow metal reaching record-high levels, with a nearly 4% increase, according to GoodReturns.
Gold is considered an ideal inflation hedge, with 24-carat gold being the most expensive form of gold and it is commonly used for investment purposes. In contrast, 22-carat gold and 18-carat gold are primarily utilised for jewellery.
Gold rate in India today, on September 16 (INR):
As of today — Tuesday, September 16, the gold prices saw a slight uptick. The rate for 24K gold rose by ₹87, bringing it to ₹11,193 per gram. Similarly, 22K gold is now priced at ₹10,260 per gram after an increase of ₹80. Meanwhile, 18K gold climbed by ₹66, reaching ₹8,395 per gram.
