Gold has always held a sacred place in Indian households. It is said that the supreme creator Lord Brahma was born from a golden egg. Hence for Indians since time immemorial gold has been an auspicious metal. Practically every household in India will have some gold mostly in the form of jewellery.
Gold has also been a store of value and in the 1800s most paper currencies were backed by gold. Hence gold has acted like a currency since many decades until the dollar was no longer backed by gold from 1971 onwards.
However gold continues to be the most liquid asset and thus remains a popular asset class.
24K Gold Price in India
Last 10 Days Gold Price Trends
* Mentioned Gold prices are indicative and do not include GST/TCS and other taxes.