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.
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.