Gold Rate Today in India: On Thursday, September 26, 2024, gold prices in India have skyrocketed to unprecedented levels. Cities such as Delhi, Noida, Ghaziabad, Lucknow, Jaipur, Mumbai, and Kolkata are witnessing prices for 22-carat gold surpassing Rs 70,700, while 24-carat gold has crossed the remarkable threshold of Rs 77,180. This surge is largely attributed to escalating prices in the international gold market, and the rate for silver has also seen a significant increase, now trading at Rs 95,100, reflecting a rise of Rs 3,000 in a single day.
Current Gold Rates in Major Indian Cities
Hereโs a detailed overview of gold rates in various major cities across India to help you navigate the fluctuating market:
Gold Rates for 24-Carat and 22-Carat Gold
| City | 22 Carat Gold Rate Today (Rs) | 24 Carat Gold Rate Today (Rs) |
|---|---|---|
| Delhi | 70,760 | 77,180 |
| Noida | 70,760 | 77,180 |
| Ghaziabad | 70,760 | 77,180 |
| Lucknow | 70,760 | 77,180 |
| Jaipur | 70,760 | 77,180 |
| Patna | 70,660 | 77,080 |
| Bhubaneswar | 70,610 | 77,030 |
| Mumbai | 70,610 | 77,030 |
| Kolkata | 70,610 | 77,030 |
| Ahmedabad | 70,660 | 77,080 |
| Bangalore | 70,610 | 77,030 |
| Hyderabad | 70,610 | 77,030 |
| Gurgaon | 70,760 | 77,180 |
Price Trends and Influencing Factors
The significant surge in gold prices reflects a broader trend observed throughout September 2024. Gold has reached all-time highs recently, with the price peaking at Rs 77,850 per 10 grams in Delhi just days ago, preceding the current figures. This trend occurs amidst the Shraadh period, a time traditionally associated with lower prices. The All India Sarafa Association has reported fluctuations indicating that gold reached Rs 76,950 per 10 grams previously, highlighting a rapid increase.
Whatโs Driving the Price Increase?
The spike in gold prices can largely be attributed to multiple factors, including geopolitical tensions, fluctuations in global markets, and increased demand for safe-haven assets amid economic uncertainty. As investors seek stability, gold often becomes the preferred choice, driving demand and consequently prices higher.
Conclusion
Current gold prices in India reflect a powerful intersection of global market trends and domestic economic factors. Consumers and investors should remain observant and informed about these dynamics, especially during such volatile times. Understanding the price fluctuations can help in making informed purchasing or investment decisions.
