Gold continues to be a significant asset and a symbol of wealth in India. Tracking its daily price fluctuations is crucial for investors, buyers, and those holding gold in various forms. This article provides the latest gold rates per Tola for different purities, including 24K, 22K, 18K, and 14K, as of today, April 24, 2025, in the Indian market.
Please be aware that prices of gold may differ marginally across cities and jewelers because of factors like local market conditions, transport costs, and profit margins of the jeweler. The prices quoted below are indicative and in accordance with current market trends. It is always best to inquire from local jewelers for the most recent and precise prices prevailing in your region.
Understanding Gold Purity (Karat)
Before diving into the prices, it’s essential to understand the different karats of gold:
24K Gold (99.9% pure): This is the purest form of gold available. It has a rich, bright yellow color and is primarily used for investment purposes in the form of bars and coins. Due to its softness, it is generally not used for making intricate jewelry.
22K Gold (91.67% pure): “916 gold” is another name for 22K gold, which is commonly used in the production of traditional Indian jewelry. The balance 8.33% will typically be some other metals such as copper, silver, or zinc, which provide strength to the gold.
18K Gold (75% pure): 18K gold has 75% pure gold and 25% of some other metal. It has a balance of strength and purity that makes it apt for designing modern and delicate pieces of jewelry. It is also typically cheaper compared to 22K or 24K gold.
14K Gold (58.3% pure): Comprising 58.3% pure gold and the remaining portion consisting of other metals, 14K gold is famous for its toughness and resistance to wear and tear. It is commonly used for day-to-day jewelry and is generally more affordable.
Today’s Gold Rates per Tola (Indicative)
As of April 24, 2025, the indicative gold rates per Tola (about 11.664 grams) in the Indian market are as follows:
24K Gold: ₹ [104567] per Tola
22K Gold: ₹ [95861] per Tola
18K Gold: ₹ [79987] per Tola
14K Gold: ₹ [62098] per Tola
Factors Affecting Gold Prices
A number of international and domestic factors determine the price of gold in India:
Global Economic Conditions: Economic uncertainties, inflation levels, and international financial crises tend to result in a rise in gold prices as investors flock to it as a safe-haven asset.
Currency Fluctuations: The strength of the Indian Rupee against the US Dollar is an important factor. A weaker Rupee generally makes gold imports costlier, thereby increasing domestic prices.
Interest Rates: Low interest rates tend to make gold a more attractive investment option than interest-bearing assets.
Demand and Supply: Seasonal demand, especially the wedding season and festivals in India, can influence gold prices. Global supply and production of gold also have a significant role to play.
Government Policies and Import Duties: Government policies regarding gold imports and taxation can influence the price of gold in the domestic market.
Geopolitical Incidents: Political unrest at the international level and conflicts can make gold in demand as a value store.
Why It Matters to Monitor Gold Prices
Being current with the day-to-day gold rates is necessary for a number of reasons:
For Buyers: Consumers become well-informed consumers when buying gold jewelry or making an investment in gold by being aware of current prices.
For Investors: Following price trends enables investors to plan their buying and selling strategies to achieve maximum returns.
For Holders: People who own gold can know the current market price of their holdings.
For Jewelers: Price updates on a daily basis are crucial for jewelers to correctly price their products and maintain inventory.
Conclusion
Indian gold prices are volatile and affected by a plethora of factors. On April 24, 2025, the indicative rates per Tola for 24K, 22K, 18K, and 14K gold give the market situation at a glance. Still, people need to cross-check these rates with domestic jewelers before settling on a purchase. Staying updated about factors that determine fluctuations in gold prices can enable consumers and investors to make sound decisions about this metal.