The price of 22K gold in Tirupati today is ₹ 7,100 per gram.
Current 22K Gold Price in Tirupati
Gold prices, especially for 22K purity, are subject to daily fluctuations based on various market dynamics. As of today, the rates for different quantities of 22K gold in Tirupati are as follows:
| Grams | Price (₹) | Price Change (₹) |
|---|---|---|
| 1 gram | ₹ 7,100 | ₹ 60▲ |
| 8 grams | ₹ 56,800 | ₹ 480▲ |
| 10 grams | ₹ 71,000 | ₹ 600▲ |
These figures indicate that the price has seen an upward trend today.
Understanding 22K Gold
When we refer to 22K gold, it signifies a purity level of 91.6% pure gold. The remaining 8.4% typically consists of other metals like copper, silver, or zinc, which are added to increase the metal's durability and strength. Pure 24K gold is too soft for everyday jewelry, making 22K gold the most popular choice for crafting intricate and long-lasting ornaments. Its balance of purity and strength makes it ideal for various jewelry designs.
Factors Influencing Gold Prices
Several global and local factors contribute to the daily changes in gold prices:
- Global Market Trends: International gold prices, often influenced by geopolitical events, economic data from major economies, and the strength of the US dollar, have a significant impact.
- Indian Rupee-Dollar Exchange Rate: Since gold is traded internationally in US dollars, a stronger dollar or weaker rupee can make gold more expensive in India.
- Local Demand: Festivals, wedding seasons, and cultural traditions in India often drive up the demand for gold, which can lead to price increases.
- Interest Rates: Higher interest rates can make other investments more attractive, potentially reducing the demand for gold and affecting its price.
Practical Considerations for Gold Buyers
When planning to purchase gold in Tirupati, it's always advisable to:
- Verify Latest Rates: Gold prices are updated multiple times a day. It is always best to check the current rates from a reliable source before making a purchase.
- Account for Additional Charges: Besides the gold rate, buyers should also consider making charges (for craftsmanship) and the Goods and Services Tax (GST) applicable to the total value of the gold and making charges.
