Gold and silver prices in India have reached record highs as Diwali and Dhanteras approach. Traditionally, families purchase gold during this festive period for both investment and gifting, and this year is no different. The increased demand, alongside global market dynamics, has propelled prices to unprecedented levels.
Check out Today’s Gold Rate in India here!
Currently, the price of 24K gold in India stands at Rs 79,650 per 10 grams, marking an all-time high. Meanwhile, 22K gold has surpassed Rs 73,000 for the first time, now priced at Rs 73,010 per 10 grams. The cost of 18K gold is also up, selling for Rs 59,740 per 10 grams.
In major cities, gold prices reflect this surge. For instance, in Delhi, 24K gold is priced at Rs 79,800 per 10 grams, just Rs 200 shy of Rs 80,000. Similar pricing has been noted in Vadodara and Ahmedabad, while cities like Chennai, Mumbai, and Kolkata see 24K gold at Rs 79,650 per 10 grams.
Check out Today’s Silver Rate in India here!
Silver prices have also climbed significantly, with 1 kg of silver currently at Rs 1,01,100. In cities such as Chennai and Hyderabad, prices can reach Rs 1,09,100 per kg.
On the Multi Commodity Exchange (MCX), gold futures saw a slight decline, closing at Rs 78,030 per 10 grams after peaking at Rs 78,460. Silver futures dropped to Rs 97,360 per kg from a record high of Rs 98,598.
The rise in gold prices is driven by ongoing geopolitical tensions and market volatility, making gold a sought-after safe-haven investment. Over the past year, gold prices have surged nearly 37%, and in Kolkata, 24K gold has recently crossed Rs 81,000 per 10 grams, alarming buyers and jewellers alike.
