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Gold Prices Soar Past ₹80,000 as Demand Heats Up, Silver Follows Suit with ₹1,04,100 ; check the latest prices

On October 24, gold prices rose by ₹450, exceeding ₹80,000 per 10 grams in India due to strong local demand, while spot gold increased to $2,722 an ounce amid global market trends.
Gold Prices Soar Past ₹80,000 as Demand Heats Up, Silver Follows Suit with ₹1,04,100 ; check the latest prices

Gold prices surged by ₹450 per 10 grams, surpassing the ₹80,000 mark in major Indian cities on October 24, driven by robust local demand and favorable global market trends. The 22K gold also hit ₹73,000 per 10 grams amid strong festive and wedding season demand.

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Spot gold increased by 0.25% to $2,722 an ounce in early Asian trading on Thursday. The rise followed a recovery from earlier losses, influenced by a decline in the US dollar, uncertainties surrounding US elections, and ongoing tensions in West Asia.

Gold Price Today in India (October 24, 2024)

In the Delhi market, the price of 24K gold increased by ₹450, reaching ₹80,230 per 10 grams, while 22K gold saw a rise of ₹420, now priced at ₹73,560 per 10 grams.

Check out Today’s Gold Rate in India here!

Gold Price Today in Major Cities:

Here is a comprehensive overview of gold prices in significant cities:

City22K Gold (per 10gm)24K Gold (per 10gm)
Delhi₹73,560₹80,230
Mumbai₹73,410₹80,080
Chennai₹73,410₹80,080
Kolkata₹73,410₹80,080

Silver Price Today in India (October 24, 2024)

Silver continued its upward trend for the fourth consecutive day, rising by ₹2,000 per kg in major Indian cities during early trading on Thursday. The increase to ₹1,04,100 in Delhi, Mumbai, and Kolkata was driven by demand from industrial sectors and coin manufacturers, with strong global trends also contributing to the metal’s gains in the domestic market.

In global markets, spot silver increased by 0.39%, reaching $33.82 an ounce. During overnight trading, silver peaked at $33.89 an ounce.

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Check out Today’s Silver Rate in India here!

Silver Price Today in Major Cities:

CitySilver Price (per kg)
Delhi₹104,100
Mumbai₹104,100
Chennai₹1,12,100
Kolkata₹104,100

Comparison of Gold and Silver Prices This Week

Following a slight dip, gold prices climbed again on Thursday, surpassing the ₹80,000 threshold. The increase is attributed to robust retail demand fueled by the upcoming wedding and festive season. Meanwhile, silver prices have also been on the rise this week, driven by industrial demand and optimism about a demand resurgence in China.

Below is a comparison of gold and silver prices from earlier this week:

Date22K Gold (per 10g)24K Gold (per 10g)Silver Price (per kg)
Oct 24, 2024₹73,410₹80,080₹104,100
Oct 23, 2024₹72,990₹79,640₹102,100
Oct 22, 2024₹73,010₹79,650₹101,100
Oct 21, 2024₹72,270₹79,410₹99,400
Oct 19, 2024₹72,280₹79,420₹99,500
Oct 18, 2024₹71,610₹78,120₹96,900
Oct 17, 2024₹71,410₹77,900₹96,900
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