Gold Rate in India: Gold Rate Today hikes in Delhi, Chennai, Kolkata, and Mumbai on 24 July 2020

While coming to what the carat is, it is the measure of the purity of the gold. There are three types 24 carats, 22 carat, and 18 carat. The 24-carat gold consists of total of 24 part gold whereas 22 carat contains 22 parts gold and 2 parts other elements to form the jewelry, while the 18 carat has 18 parts gold and 6 parts copper and other elements. The purity is calculated by dividing the carat by 24 and multiplying it with 100. The 24 carat home is said to be 100 percent pure while the 22 carat constitute 91.67 percent pure. Keeping them aside let's have a look at the rates for the day at four major centers.

In the country's capital, Delhi, gold prices have been at Rs. 49,000 per ten grams of 22 carat and the price of 10 grams of 24 carat is at 50,200 with an increase of Rs. 250. While in Chennai, the gold prices increased by Rs. 300 making the price stood at Rs. 48,150 per ten grams of 22 carats and ten grams of 24 carats remained at Rs. 52,500 with an increase of Rs. 300.

In Kolkata, the yellow metal has stood at Rs. 49,500 per ten grams of 22 carat with hike of Rs. 150 and per ten grams of 24 carat gold is at Rs. 50,900 with a hike of Rs. 150. The gold prices in the commercial capital Mumbai have seen a increase of Rs. 500 for both 22 carats and 24-carat gold taking the prices to Rs. 49,200 and Rs. 50,200.