Gold in India
The Gold Price in India changes daily and is priced by the gram, kilo, ounce, pound and even tons. The main currency for buying gold in India is the Rupee. Some of the main cities in India where bullion is traded frequently are Chennai, Mumbai, Delhi, Jaipur, Ahmd and Kolcata. It is also traded in the form of 24 karats, 21 karats, 18 karats, 14 karats and 10 karats.
India is the World’s largest gold importer and in 2012 it imported about $62 Billion. it is extremely popular with the people from there, especially for women. it is a way to express social class or wealth by both males and females. Many women are usually seen with lots of jewelry when they have any great wealth. for weddings women usually wear large heavy necklaces and bracelets and even as garments. jewelery is much larger and obvious than the one seen here in the U.S. as people from India love to wear gold.
1 Troy Ounce = 31.1034768.
Spot Price of Gold for 10 Grams in India
| City | Gold 995 | Gold 999 |
| Mumbai (Jan 01) | Rs 30940.00 | Rs 31080.00 |
| Delhi (Jan 01) | Rs 30930.00 | Rs 31130.00 |
| Chennai (Jan 01) | Rs 30940.00 | Rs 31170.00 |
| Jaipur (Jan 01) | Rs 31000.00 | Rs 31025.00 |
| Ahmd (Jan 01) | Rs 30921.00 | Rs 31050.00 |
India is the World’s Largest Importer of Gold in Bought $62 Billion in 2012