Gold Rate Today In India: The shine of gold is continuously fading since Diwali. Gold has slipped for the third consecutive day today and in these three days, gold of 24 carat purity has become cheaper by ₹290 per ten grams.
Even two days before Diwali, i.e. on Dhanteras, October 18, 24 carat gold had become cheaper by ₹1910 per ten grams. Now talking about today, today 24 carat gold has become cheaper by ₹10 per ten grams and gold of 22 carat purity has also become cheaper by ₹10. Now talking about silver, after two consecutive days of stability, one kg silver has become cheaper by ₹8100 in two consecutive days in Delhi. It is being sold at the price of ₹1,63,900 per kg in the capital Delhi.
City-wise Gold Rates
Let us know what is the price of 22 carat and 24 carat gold in 10 big cities of the country…
Gold rates in all four major metropolises
In Delhi, the price of 24 carat gold is ₹1,30,720 per 10 grams. The price of 22 carat is ₹1,19,840 per 10 grams. In Kolkata and Mumbai, the price of 22 carat gold is ₹1,19,690 per 10 grams, while the price of 24 carat gold is ₹1,30,570 per 10 grams. Whereas in Chennai, the price of 24 carat gold is ₹1,30,920 per 10 grams. The price of 22 carat is ₹1,20,010 per 10 grams.
Prices in Bengaluru and Hyderabad
In Hyderabad and Bengaluru also, the price of 22 carat gold is ₹1,19,690 per 10 grams, while the price of 24 carat gold is ₹1,30,570 per 10 grams.
Price in Lucknow and Patna
Talking about Patna and Lucknow, the price of 22 carat gold in Patna is ₹1,19,740 per 10 grams, while the price of 24 carat gold is ₹1,30,620 per 10 grams, whereas in Lucknow, 22 carat gold is available for ₹1,19,840 and 24 carat gold is available for ₹1,30,720.
Price in Jaipur and Ahmedabad
Talking about Ahmedabad and Jaipur, the price of 22 carat gold in Ahmedabad is ₹1,19,740 per 10 grams, while the price of 24 carat gold is ₹1,30,620 per 10 grams, whereas in Jaipur, 22 carat gold is available for ₹1,19,840 and 24 carat gold is available for ₹1,30,720.
Why is gold slipping?
Speaking to news agency ANI, Anantha Padmanabhan, founding member and former chairman of the All India Gem and Jewellery Domestic Council (GJC), expects gold prices to reach a record high of ₹1.50 lakh per ten grams in the coming months. This is because purchases by central banks in the global and domestic markets, along with strong public demand, especially in China and Japan, could drive gold prices higher. He believes that if trade talks between China and the US are unsuccessful and the Russia-Ukraine war continues, gold could reach ₹1.50 lakh in the coming months. Padmanabhan also expects a short-term correction, potentially leading to a temporary decline to ₹1.15 lakh. This has led to a softening of gold prices due to profit-booking.
Silver prices fell for the second consecutive day
Talking about silver, after remaining stable for two consecutive days, its prices have fallen for the second consecutive day. Today its price has fallen by ₹100 per kg in Delhi. A day before it had become cheaper by ₹8 thousand. Today silver is being sold in Delhi for ₹1,63,900 per kg. Today its price has fallen by ₹100 per kg. Talking about other important metros, it is being sold at the same price in Mumbai and Kolkata too, but in Chennai the price of silver is ₹1,81,900 per kg, which means that among the four metros, the most expensive silver is in Chennai.
