Gold Prices Hit Record High: Will Global Tension Push Prices Up Even More? - Click Here to Learn More!Gold Prices Hit Record High: Will Global Tension Push Prices Up Even More? - Click Here to Learn More!

Gold prices in India surged by ₹230 on October 3, reaching an all-time high due to escalating tensions in West Asia and festive buying during Navratri. In Delhi, 24K gold hit ₹77,610 per 10 grams. Silver prices remained steady at ₹94,900 per kilogram despite global fluctuations.

The conflict between Israel and Iran, which saw missile strikes on Tel Aviv, significantly influenced gold’s global price, pushing it to $2,671 an ounce. Experts predict that gold could reach $3,200 an ounce soon, driven by potential US Federal Reserve rate cuts and ongoing geopolitical issues.

In major Indian cities, gold prices echoed the national trend with uniform rises across Delhi, Mumbai, Chennai, and Kolkata. 

Gold Price Today in Major Cities:

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	₹71,160	₹77,610
Mumbai	₹71,010	₹77,460
Chennai	₹71,010	₹77,460
Kolkata	₹71,010	₹77,460

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Silver, while stable in India, saw a slight dip in the international market but was bolstered by domestic demand from coin makers.

Silver Price Today in Major Cities:

City	Silver Price (per kg)
Delhi	₹94,900
Mumbai	₹94,900
Chennai	₹1,00,900
Kolkata	₹94,900

Gold’s price surge aligns with the festive season, a traditionally auspicious time for buying precious items in India, enhancing its demand. Silver, although flat in the local market, continues to attract buyers with its relatively stable pricing.

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Overall, gold has outperformed silver in the markets, both reaching record highs in some areas, driven by global uncertainty and seasonal buying. This trend reflects broader economic concerns and the traditional surge in precious metal buying during festive periods in India.