On October 30, 2024, gold prices in India remained robust, with 24-carat gold, known for its highest purity, priced at approximately Rs 80,460 per 10 grams. In contrast, the 22-carat gold, favored by jewellery buyers for its durability due to its alloy composition, was priced at Rs 73,760 per 10 grams. Additionally, silver was trading at Rs 99,100 per kilogram.
In major Indian cities, the following gold prices were recorded (per 10 grams):
Delhi: 22-carat gold at Rs 73,910; 24-carat gold at Rs 80,610.
Mumbai: 22-carat gold at Rs 73,760; 24-carat gold at Rs 80,460.
Ahmedabad: 22-carat gold at Rs 73,810; 24-carat gold at Rs 80,510.
Chennai: 22-carat gold at Rs 73,760; 24-carat gold at Rs 80,460.
Kolkata: 22-carat gold at Rs 73,760; 24-carat gold at Rs 80,460.
Pune: 22-carat gold at Rs 73,760; 24-carat gold at Rs 80,460.
Lucknow: 22-carat gold at Rs 73,910; 24-carat gold at Rs 80,610.
Bengaluru: 22-carat gold at Rs 73,760; 24-carat gold at Rs 80,460.
Jaipur: 22-carat gold at Rs 73,910; 24-carat gold at Rs 80,610.
Patna: 22-carat gold at Rs 73,810; 24-carat gold at Rs 80,510.
Bhubaneswar: 22-carat gold at Rs 73,760; 24-carat gold at Rs 80,460.
Hyderabad: 22-carat gold at Rs 73,760; 24-carat gold at Rs 80,460.
Understanding Gold Prices
The price per gram of gold fluctuates daily due to factors such as economic conditions, geopolitical events, and supply-demand dynamics. In India, the retail price, which consumers ultimately pay, is influenced by additional factors like import duties, taxes, and currency exchange rates.
Gold holds significant cultural importance in India, often seen as a popular investment and a central element in weddings and festivals. As market conditions evolve, investors and traders continue to closely monitor these trends. Stay tuned for further updates on gold prices and market dynamics.
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