Gold Prices in India Today: 24K, 22K, and 18K Gold Rates Update

Strategic Insights -

As of October 10, gold prices in India have experienced a downward trend across all purity levels, with the price of 24K gold trading at Rs 12,229 per gram, down Rs 186 from the previous rate. The price of 22K gold fell by Rs 170 to Rs 11,210 per gram, while 18K gold dropped Rs 139, settling at Rs 9,172 per gram. This decline reflects a broader softening in the precious metals market, following concerns over a potential US government shutdown and increased demand for safe-haven assets.

Key Takeaways:

  • The price of 24K gold in India today is Rs 12,229 per gram, down Rs 186 from the previous rate.
  • The price of 22K gold in India today is Rs 11,210 per gram, down Rs 170 from the previous rate.
  • The price of 18K gold in India today is Rs 9,172 per gram, down Rs 139 from the previous rate.
  • The downward movement reflects a broader softening in the precious metals market, driven by concerns over a potential US government shutdown.
  • Gold prices in India have reached historic highs at the start of October, driven by increased demand for safe-haven assets and festive seasonal demand.
  • 24K gold is the most expensive form of gold in India, primarily used for investment purposes, while 22K and 18K gold are utilized for jewellery.
  • The gold prices in India vary across major cities, with Chennai, Mumbai, Delhi, and Bengaluru showing a slight deviation in prices.

Statistics:

  • 24K gold price in India today: Rs 12,229 per gram (down Rs 186 from the previous rate).
  • 22K gold price in India today: Rs 11,210 per gram (down Rs 170 from the previous rate).
  • 18K gold price in India today: Rs 9,172 per gram (down Rs 139 from the previous rate).
  • Gold price drop in the last 8 days: Rs 97,832 (24K), Rs 89,680 (22K), and Rs 73,376 (18K).
  • Gold price drop in the last 10 days: Rs 122,290 (24K), Rs 112,100 (22K), and Rs 91,720 (18K).
  • Gold price drop in the last 100 days: Rs 12,229 (24K), Rs 11,210 (22K), and Rs 9,172 (18K).

Sources:

  • GoodReturns: 24 Carat Gold Rate Per Gram in India (INR)
  • GoodReturns: 22 Carat Gold Rate Per Gram in India (INR)
  • GoodReturns: 18 Carat Gold Rate Per Gram in India (INR)
  • GoodReturns: Gold Price Today in Major Indian Cities (Per Gram)