Gold Prices in India Today: 24K, 22K, and 18K Gold Rates Climb in Major Cities

Strategic Insights -

As of today, October 7, gold prices in India have surged across all purities, driven by concerns over a potential US government shutdown and festive seasonal demand in India. The prices of 24K, 22K, and 18K gold have increased, making gold a more attractive inflation hedge. The 24-carat gold, the most expensive form, is commonly used for investment purposes, while 22-carat and 18-carat gold are primarily utilized for jewelry.

Key Takeaways:

  • The price of 24K gold stands at Rs 12,202 per gram, reflecting an increase of Rs 125 from the previous rate, and is priced at Rs 97,616 per 8 grams, Rs 1,22,020 per 10 grams, and Rs 12,20,200 per 100 grams.
  • The price of 22K gold is priced at Rs 11,185 per gram, up by Rs 115, while 18K gold has risen to Rs 9,152 per gram, marking a gain of Rs 94.
  • The 24K gold rate per gram increased by +125, while 22K gold rate per gram increased by +115, and 18K gold rate per gram increased by +94.
  • The prices of gold in major Indian cities are: Mumbai (Rs 12,202), Delhi (Rs 12,207), Kolkata (Rs 12,202), Bangalore (Rs 12,202), Hyderabad (Rs 12,202), Kerala (Rs 12,202), Pune (Rs 12,202), Vadodara (Rs 12,207), Ahmedabad (Rs 12,207), Jaipur (Rs 12,207), Lucknow (Rs 12,207), Patna (Rs 12,207), Chandigarh (Rs 12,207), Bhubaneswar (Rs 12,202), Mangalore (Rs 12,202), Visakhapatnam (Rs 12,202), Ayodhya (Rs 12,207), Gurgaon (Rs 12,207), Ghaziabad (Rs 12,207), and Noida (Rs 12,207).
  • The 22K gold rate per gram decreased from Rs 11,070 to Rs 11,185, while the 18K gold rate per gram decreased from Rs 9,058 to Rs 9,152.

Statistics:

  • The current gold rate is Rs 12,202 per gram for 24K gold.
  • The current gold rate is Rs 11,185 per gram for 22K gold.
  • The current gold rate is Rs 9,152 per gram for 18K gold.
  • The price of 24K gold increased by +125, while the price of 22K gold increased by +115, and the price of 18K gold increased by +94.
  • The prices of gold in major Indian cities are: Mumbai (Rs 12,202), Delhi (Rs 12,207), Kolkata (Rs 12,202), Bangalore (Rs 12,202), Hyderabad (Rs 12,202), Kerala (Rs 12,202), Pune (Rs 12,202), Vadodara (Rs 12,207), Ahmedabad (Rs 12,207), Jaipur (Rs 12,207), Lucknow (Rs 12,207), Patna (Rs 12,207), Chandigarh (Rs 12,207), Bhubaneswar (Rs 12,202), Mangalore (Rs 12,202), Visakhapatnam (Rs 12,202), Ayodhya (Rs 12,207), Gurgaon (Rs 12,207), Ghaziabad (Rs 12,207), and Noida (Rs 12,207).

Sources:

  • GoodReturns
  • Contify.com
  • IE Online Media Services Pvt. Ltd.