As the festive season approaches, all eyes are on the glittering gold market. Today, October 16, 2024, gold prices across India continue to captivate investors and jewellery enthusiasts alike. With Diwali just around the corner, the precious metal's value has become a topic of intense interest, especially in major cities where rates show subtle yet significant variations.
Currently, 24-carat gold stands at approximately Rs 77,390 per 10 grams, while 22-carat gold is priced at Rs 70,940 per 10 grams. This pricing trend is consistent across several key cities.
City | 22 Carat Gold Rate Today | 24 Carat Gold Rate Today |
Mumbai | 70,940 | 76,470 |
Delhi | 71,090 | 76,240 |
Chennai | 70,940 | 76,320 |
Kolkata | 70,940 | 75,950 |
Ahmedabad | 71,080 | 77,440 |
Pune | 70,940 | 77,390 |
Lucknow | 71,090 | 77,540 |
Bengaluru | 70,950 | 77,390 |
Hyderabad | 70,940 | 77, 390 |
Jaipur | 71,090 | 77,540 |
Patna | 71,090 | 77,450 |
Bhubaneshwar | 70,950 | 77,390 |
In Mumbai, the heart of India's financial sector, gold trades at Rs 76,470 per 10 grams, a slight increase from Rs 76,050 just a day ago. The city has witnessed a steady climb in gold prices, with rates jumping from Rs 74,920 a week earlier.
As North India gears up for winter festivities, Delhi's gold market buzzes with activity. The capital city sees gold priced at Rs 76,240 per 10 grams, up from Rs 75,920 the previous day. The week-on-week increase is even more pronounced, with prices surging from Rs 74,970.
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Chennai's gold market demonstrates relative stability. Today's rate of Rs 76,320 per 10 grams shows only a marginal increase from yesterday's Rs 76,270. However, compared to last week's Rs 75,140, the upward trend is unmistakable.
In the eastern metropolis of Kolkata, gold holds steady at Rs 75,950 per 10 grams, unchanged from yesterday but up from Rs 75,000 a week ago.
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22-carat at Rs 71,080; 24-carat at Rs 77,440
22-carat at Rs 70,940; 24-carat at Rs 77,390
22-carat at Rs 71,090; 24-carat at Rs 77,540
22-carat at Rs 70,950; 24-carat at Rs 77,390
22-carat at Rs 70,940; 24-carat at Rs 77,390
22-carat at Rs 71,090; 24-Carat at Rs 77,540
22-carat at Rs 71,090; 24-carat at Rs 77,450
22-carat at Rs 70,950; 24-carat at Rs 77,390
Speaking to Financial Express, Jateen Trivedi, VP Research Analyst at LKP Securities, offers a nuanced perspective on the day's gold market dynamics. "Gold prices have shown volatility but with an upward bias," Trivedi notes. He points out the interesting interplay between gold prices and the dollar index, explaining how early pressure from a strengthening dollar gave way to support for gold as the greenback softened.
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