FAQs Related to Gold Rates

• 1. What is the current gold rate in Bangalore on 31 Dec 2024?

  The current rate for 24K gold is ₹7,800 per gram and 22K gold is ₹7,400 per gram.

• 2. How do gold rates vary in different cities?

  Gold rates vary depending on factors like local taxes, demand, and transportation costs in different cities.

• 3. What is the difference between 22K and 24K gold?

  24K gold is pure gold with no alloys mixed, while 22K gold contains 22 parts of gold and 2 parts of other metals.

• 4. Why do gold prices fluctuate daily?

  Gold prices fluctuate based on international market conditions, demand-supply dynamics, and currency changes.

• 5. How is gold purity measured?

  Gold purity is measured in Karats (K), where 24K is pure gold, and 22K is considered 91.6% pure.

• 6. What is the best time to buy gold?

  The best time to buy gold is when the prices are low, which often happens during off-peak seasons.

• 7. Can I buy gold online?

  Yes, many reputed jewellers offer the option to buy gold online, but it’s important to verify the purity and certification.

• 8. How can I check the authenticity of gold?

  You can check the authenticity of gold by looking for certification marks or buying from trusted jewellers.

• 9. Does the weight of gold affect its price?

  Yes, the price of gold is based on its weight and purity. Larger quantities of gold will cost more.

• 10. Are there any additional charges when buying gold?

  Yes, additional charges like making charges and GST may apply when purchasing gold jewelry.