India has entered the festive season, starting with the nine-day Navratri celebration, followed by Dussehra and Diwali in early November. Traditionally, this period witnesses a rise in gold purchases, especially after the Shradha phase. However, ongoing geopolitical tensions in West Asia have led to a sharp increase in gold prices.
Gold Rate Today October 8, 2024
On October 8, 2024, gold prices in India reflected a mixed trend, with 24-carat gold priced at Rs 75,990 per 10 grams and 22-carat gold at Rs 69,658 per 10 grams, according to Financial Express. This fluctuation in prices indicates the ongoing dynamics in the precious metals market.
Analysts suggest that upcoming economic policies may significantly impact gold prices. Talking to the Financial Express Jateen Trivedi, Vice President of Research at LKP Securities, noted, “India’s upcoming RBI policy on Wednesday is also expected to influence the rupee, potentially affecting gold prices further.”
In the past week, 24-carat gold has seen a modest increase of 0.3%, while over the last ten days, it has risen by 1%. Silver prices have also been affected, currently quoted at Rs 92,320 per kilogramme.
Gold Rate Today City-wise October 8, 2024
| City | 22 Carat Gold Rate Today | 24 Carat Gold Rate Today |
| Mumbai | 70,990 | 75,990 |
| Delhi | 71,140 | 75,860 |
| Kolkata | 70,990 | 75,890 |
| Ahmedabad | 71,040 | 77,490 |
| Gurugram | 71,140 | 77,590 |
| Bengaluru | 70,990 | 77,440 |
| Jaipur | 71,140 | 77,590 |
| Patna | 71,040 | 77,490 |
| Bhubaneshwar | 70,990 | 77,440 |
| Hyderabad | 70,990 | 77,440 |
| Noida | 71,150 | 77,660 |
Gold Rate in Mumbai October 8, 2024
Gold prices vary across major cities in India. In Mumbai, the price for 24-carat gold was recorded at Rs 75,990 per 10 grams, down from Rs 76,120 the previous day and Rs 76,250 a week ago.
Gold Rate in Delhi October 8, 2024
In Delhi, where the auspicious Navratri festival is ongoing, gold was quoted at Rs 75,860 per 10 grams on October 8. This reflects a slight decrease from Rs 75,990 on October 7 and a drop from Rs 76,110 a week earlier.
Gold Rate in Kolkata October 8, 2024
Kolkata's prices mirrored this trend with 24-carat gold priced at Rs 75,890 per 10 grams, down from Rs 76,020 yesterday and Rs 76,150 last week. In Chennai, the price was slightly higher at Rs 76,210 per 10 grams, marking a decrease from Rs 76,340 on October 7.
Gold Rate in Ahmedabad October 8, 2024
In Ahmedabad, 22-carat gold stood at Rs 71,040 per 10 grams, while 24-carat gold was priced at Rs 77,490 per 10 grams.
Gold Rate in Gurugram October 8, 2024
In Gurugram, buyers found 22-carat gold for Rs 71,140 and 24-carat for Rs 77,590.
Gold Rate in Bengaluru October 8, 2024
In Bengaluru, prices were reported at Rs 70,990 for 22-carat and Rs 77,440 for 24-carat gold.
Gold Rate in Jaipur October 8, 2024
The pink city of Jaipur, known for its rich heritage and thriving jewellery industry, saw gold prices aligning with other northern cities. In Jaipur, prices were reported at Rs 71,140 per 10 grams, with 24-carat gold commanding Rs 77,590.
Gold Rate in Patna October 8, 2024
Patna, the capital of Bihar, exhibited gold rates that were on par with several other major cities. The 22-carat gold in Patna was valued at Rs 71,040 per 10 grams, while 24-carat gold stood at Rs 77,490.
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Gold Rate in Bhubaneshwar October 8, 2024
Bhubaneswar, gold prices remained competitive with other metropolitan areas. Financial Express reported that 22-carat gold in Bhubaneswar was priced at Rs 70,990 per 10 grams, with 24-carat gold available at Rs 77,440.
Gold Rate in Hyderabad October 8, 2024
22-carat gold in Hyderabad was quoted at Rs 70,990 per 10 grams, while 24-carat gold was priced at Rs 77,440.
Gold Rate in Noida October 8, 2024
22-carat gold in Noida was priced at Rs 71,150 per 10 grams, with 24-carat gold reaching Rs 77,660.
As October progresses and various economic factors come into play, consumers are advised to stay informed about fluctuating gold prices. The ongoing festival season may spur demand but could also lead to further volatility as market conditions evolve.
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