On October 18, 2024, gold prices in India remained strong, with 24-carat gold valued at approximately ₹78,120 per 10 grams. Meanwhile, 22-carat gold, which is commonly used for jewelry due to its durability, was priced at ₹71,610 per 10 grams.
In contrast, silver was trading at ₹96,900 per kilogram, reflecting current market conditions.
Gold Prices in Major Cities
As of today, here are the gold prices in various cities across India:
Delhi: 22-carat gold at ₹71,760 and 24-carat gold at ₹78,270.
Mumbai: 22-carat gold at ₹71,610 and 24-carat gold at ₹78,120.
Ahmedabad: 22-carat gold at ₹71,660 and 24-carat gold at ₹78,170.
Chennai: 22-carat gold at ₹71,610 and 24-carat gold at ₹78,120.
Kolkata: 22-carat gold at ₹71,610 and 24-carat gold at ₹78,120.
Pune: 22-carat gold at ₹71,610 and 24-carat gold at ₹78,120.
Lucknow: 22-carat gold at ₹71,760 and 24-carat gold at ₹78,270.
Bengaluru: 22-carat gold at ₹71,610 and 24-carat gold at ₹78,120.
Jaipur: 22-carat gold at ₹71,760 and 24-carat gold at ₹78,270.
Patna: 22-carat gold at ₹71,660 and 24-carat gold at ₹78,170.
Bhubaneswar: 22-carat gold at ₹71,610 and 24-carat gold at ₹78,120.
Hyderabad: 22-carat gold at ₹71,610 and 24-carat gold at ₹78,120.
Understanding Gold Pricing
The retail price of gold per gram represents the amount consumers pay and is influenced by various factors, including market fluctuations, economic conditions, geopolitical events, and supply-demand dynamics. In India, the final retail price also accounts for import duties, taxes, and currency exchange rates.
Gold holds significant cultural value in India, serving not only as an investment but also playing a crucial role in weddings and festivals. As market conditions continue to evolve, investors and traders are encouraged to monitor the latest trends in gold and silver prices closely.
Related topic:
How to Trade Gold Futures on TD Ameritrade?