Gold Rate Today: People across India have commenced the five-day Diwali festivities, with the gold rates in India at an all-time high. The price of the yellow metal reached historic highs at the start of October, driven by concerns over a potential US government shutdown, which led to increased demand for safe-haven assets.
However, today, October 19, Sunday, gold prices have shown a consistent trend, priced the same as yesterday. It is priced at Rs 13,086 per gram for 24 karat gold, Rs 11,995 per gram for 22 karat gold and Rs 9,814 per gram for 18 karat gold.
Gold is widely regarded as an effective hedge against inflation; among the different types of gold, 24-carat gold stands out as the most expensive and is primarily used for investment purposes. In contrast, 22-carat and 18-carat gold are mainly employed in the creation of jewellery.
Gold rate in India today, on October 19 (INR):
The price of gold in India today, October 19, is Rs 13,086 per gram for 24 karat gold, Rs 11,995 per gram for 22 karat gold and Rs 9,814 per gram for 18 karat gold.
