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Gold and Silver Prices Surge Amid Festive Demand: Will Record Highs Continue? – Find Out the Latest Updates Here!

Gold and silver prices increased by ₹100 each on October 4 due to festive demand, with 24K gold reaching ₹77,710 per 10 grams and 22K gold at ₹71,250 in Delhi markets.
Gold and Silver Prices Surge Amid Festive Demand: Will Record Highs Continue? - Find Out the Latest Updates Here!

Gold and Silver Prices Today (October 4): Gold and silver prices rose by ₹100 each amid strong festive demand. Gold prices in Delhi markets reached record highs, with 24K gold at ₹77,710 per 10 grams and 22K gold at ₹71,250 per 10 grams.

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Gold prices continued to rise for the second consecutive day, supported by firm festive demand and recovery from overnight global losses. Rising tensions in West Asia further bolstered gold’s appeal as a safe-haven asset.

Gold Price Today in Major Cities:

City22K Gold (per 10gm)24K Gold (per 10gm)
Delhi₹71,250₹77,710
Mumbai₹71,100₹77,560
Chennai₹71,100₹77,560
Kolkata₹71,100₹77,560

Also Read : Gold Rate Today In India 2024 – Today’s Gold Price In India

Silver also gained ₹100, trading at ₹95,000 per kg in Delhi markets. This increase comes after a three-session stagnation, supported by growing demand from industrial units and coin makers during the festive season, alongside global market gains.

Silver Price Today in Major Cities:

CitySilver Price (per kg)
Delhi₹95,000
Mumbai₹95,000
Chennai₹1,01,000
Kolkata₹95,000

Silver traded up by 0.52%, reaching $32.1935 an ounce in early Asian markets. Domestic silver prices advanced, driven by industrial and festive demand, maintaining momentum in Delhi and Mumbai markets.

Also read : Reliance Power to Raise $500 Million Through Bonds

Globally, gold prices rebounded to $2,662 an ounce in early Asian trade, recovering from $2,642. Investors are closely watching non-farm payroll data from the US for future price indications.

Gold and Silver Price Comparison of This Week :

Date22K Gold (per 10g)24K Gold (per 10g)Silver Price (per kg)
Oct 4, 2024₹71,100₹77,560₹95.000
Oct 3, 2024₹71,010₹77,460₹94,900
Oct 1, 2024₹70,790₹77,230₹94,900
Sep 30, 2024₹70,940₹77,390₹94,900

After an initial lull, gold maintained its record levels throughout the week, largely due to West Asia tensions and local demand. Silver has remained stable, showing slight increases as festive demand grew stronger.

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