Gold Rates in India: An Overview
Date: September 30, 2024
Today marks a significant rise in gold prices across India, coinciding with the start of the week and the end of the month. The price for 10 grams of gold has surged by ₹300, attributed to a combination of rising international prices and increased domestic demand. In metropolitan areas such as Delhi, Noida, Ghaziabad, Lucknow, Jaipur, Mumbai, and Kolkata, the current rate for 22-carat gold is hovering around ₹71,700, while 24-carat gold is reported to exceed ₹77,500. Additionally, the price of silver stands at ₹94,900.
Gold Prices in Major Cities
As gold prices fluctuate, it is essential to stay updated. Below are the current gold rates across various major cities in India:
| City | Price of 22-Carat Gold (per 10 grams) | Price of 24-Carat Gold (per 10 grams) |
| Delhi | ₹71,090 | ₹77,540 |
| Mumbai | ₹70,940 | ₹77,390 |
| Ahmedabad | ₹70,990 | ₹77,440 |
| Chennai | ₹70,940 | ₹77,390 |
| Kolkata | ₹70,940 | ₹77,390 |
| Gurugram | ₹71,090 | ₹77,540 |
| Lucknow | ₹71,090 | ₹77,540 |
| Bengaluru | ₹70,940 | ₹77,390 |
| Jaipur | ₹71,090 | ₹77,540 |
| Patna | ₹70,990 | ₹77,440 |
| Bhubaneswar | ₹70,940 | ₹77,390 |
| Hyderabad | ₹70,940 | ₹77,390 |
The Current Market Trends
Gold has recently reached record highs, with prices in Delhi hitting ₹78,250 for 10 grams. This surge was driven by a sustained increase in global gold prices, prompting many investors to consider the implications for their portfolios. The All India Bullion Association noted that on September 29, gold prices rose by ₹400, maintaining a bullish sentiment in the market.
Conclusion
The ongoing increases in gold prices suggest that this precious metal remains a sought-after investment. Whether you are an investor looking to diversify your portfolio or someone contemplating purchasing jewelry, staying informed about gold rates is crucial. As the market evolves, understanding these trends will aid in making smart financial decisions.
