Gold Prices Surge: Today’s Rates in 12 Major Cities – September 14

Baishakhi Mondal

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Gold Prices Surge: Today's Rates in 12 Major Cities – September 14

Gold Rate Today in India (September 14, 2024): There has been a noticeable increase in the prices of gold across major cities in India. Currently, the price for 24-carat gold ranges between Rs 74,000 to Rs 75,000 per 10 grams. In the capital city of Delhi, the price has escalated to Rs 74,610 for 10 grams of 24-carat gold. Additionally, silver prices have also surged, reaching Rs 89,600 per kg. In this article, we will discuss the retail prices of 22-carat and 24-carat gold in various prominent cities across the country.

Gold Rates in Major Cities

City 22 Carat Gold (Rs/10g) 24 Carat Gold (Rs/10g)
Delhi 68,410 74,610
Mumbai 68,260 74,460
Jaipur 68,410 74,610
Patna 68,310 74,510
Kolkata 68,260 74,460
Bhubaneswar 68,260 74,460
Hyderabad 68,260 74,460
Ahmedabad 68,310 74,510
Lucknow 68,410 74,610
Chennai 68,260 74,460
Bangalore 68,260 74,460

Analysis of Gold Prices

As of September 14, the price of 22-carat gold in Delhi is reported at Rs 68,410 per 10 grams, while 24-carat gold stands at a premium price of Rs 74,610 per 10 grams. In Mumbai, the rates are slightly lower, with 22-carat gold priced at Rs 68,260 and 24-carat gold at Rs 74,460 per 10 grams.

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In Jaipur, the prices mirror that of Delhi, indicating a strong market for gold in this region. Patna shows a bit of a dip with 24-carat gold priced at Rs 74,510, while the 22-carat variant hits Rs 68,310 per 10 grams. Kolkata and the southern cities of Chennai and Bangalore are also observing stable rates around Rs 74,460 for 24-carat and Rs 68,260 for 22-carat gold.

Market Trends

On September 13, the October delivery contract on the Multi Commodity Exchange (MCX) increased by Rs 312 to ₹73,136 per 10 grams, driven by robust spot demand. This rise signals positive sentiment amongst investors and speculators alike. Additionally, global gold prices experienced a surge of 0.60%, reaching $2,596.20 per ounce in New York, further indicating a bullish trend in gold markets.

MCX will be closed over the weekend, leaving investors to monitor global performances for any further implications on domestic prices when trading resumes.

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