The precious metals market is witnessing unprecedented momentum as gold prices continue progressing upward, with 24-carat gold rates approaching the landmark figure of Rs 80,000 per 10 grams. As India prepares for Diwali and Dhanteras, traditionally peak seasons for gold purchases, demand and prices are reaching new .
Gold Rate Today October 23, 2024
On October 23, 2024, the price of 24-carat gold in India stood at Rs 78,480 per 10 grams, with the per-gram rate at Rs 7,806. Meanwhile, 22-carat gold was priced at Rs 71,555 per 10 grams.
Jateen Trivedi, VP of Research Analysis for Commodity and Currency at LKP Securities, shared insights with Financial Express on the current market dynamics: "Gold prices have surged again, with strong buying interest in safe-haven assets such as bullion, as risky assets continue to underperform. On the MCX, gold prices have risen to Rs 78,300, reflecting a gain of Rs 300, and the bullish momentum continues to drive prices higher."
Gold Rate Today City-wise October 22, 2024
| City | 22 Carat Gold Rate Today | 24 Carat Gold Rate Today |
| Mumbai | 73,400 | 78,060 |
| Kolkata | 73,400 | 78,370 |
| Delhi | 73,550 | 79,790 |
| Chennai | 73,400 | 79,640 |
| Hyderabad | 73,400 | 80,070 |
| Bengaluru | 73,400 | 80,070 |
| Chandigarh | 73,550 | 80,220 |
| Jaipur | 73,550 | 80,220 |
| Lucknow | 73,550 | 80,220 |
| Patna | 73,450 | 80,120 |
| Gurugram | 73,350 | 80,220 |
Gold rate in Mumbai on October 23
In Mumbai, the financial capital of India, gold prices are currently at Rs 78,060 per 10 grams for 24-carat gold, showing a slight decline from yesterday's rate of Rs 78,150.
Gold rate in Kolkata on October 23
Kolkata's gold market is displaying robust activity, with 24-carat gold trading at Rs 78,370 per 10 grams. The city has seen a steady increase from the previous day's rate of Rs 77,950 and a significant jump from last week's price of Rs 76,570.
Gold rate in Delhi on October 23
The national capital, Delhi, is witnessing particularly high rates with 24-carat gold reaching Rs 79,790 per 10 grams. This marks a substantial increase from Tuesday's rate of Rs 77,920 and last week's price of Rs 76,540. With Diwali approaching, the Delhi market is experiencing increased buying activity, especially in jewellery and ornaments.
Gold rate in Chennai on October 23
Chennai's gold market shows strong momentum with 24-carat gold priced at Rs 79,640 per 10 grams, up from Rs 78,280 on Tuesday and significantly higher than last week's rate of Rs 76,900.
Gold rate in Hyderabad on October 23
In Hyderabad, the market has seen notable increases, with 22-carat gold priced at Rs 73,400, showing a Rs 400 hike, while 24-carat gold is trading at Rs 80,070, marking a Rs 430 increase.
Gold rate in Bengaluru on October 23
Bengaluru follows a similar pattern, with 22-carat gold at Rs 73,400 and 24-carat at Rs 80,070.
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Gold Rate in Chandigarh on October 23
22-carat: Rs 73,550
24-carat: Rs 80,220
Gold Rate in Jaipur on October 23
22-carat: Rs 73,550
24-carat: Rs 80,220
Gold Rate in Lucknow on October 23
22-carat: Rs 73,550
24-carat: Rs 80,220
Gold Rate in Patna on October 23
22-carat: Rs 73,450
24-carat: Rs 80,120
Gold Rate in Gurugram on October 23
22-carat: Rs 73,350
24-carat: Rs 80,220
With Diwali just eight days away, the gold market is experiencing significant activity, particularly in North India where jewellery and ornament shopping peaks during winter festivities.
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