Gold Price had touched the lifetime high at the start of the week as the retail price of the 24-carat gold surged past the historic mark of Rs 1 lakh per 10 grams. The price of 10 grams of 24-carat were standing at Rs 1,01,000 per 10 grams. This was reportedly the biggest jump in the retail prices of gold in the Indian market, so far.
Meanwhile, the price of 24-carat yellow metal were above Rs 1 lakh per 10 grams mark on Wednesday, April 23. The price of 10 grams of 24-carat gold was Rs 1,01,360 in Mumbai on Wednesday. The prices in Kolkata, Chennai and Hyderabad were also the same. However, the rate of ten grams of 24-carat gold in Delhi were a little higher at Rs 1,01,510 per 10 grams.
As the week came to the end, the rate of 10 grams of 24-carat Gold cooled down to Rs 98,210 per 10 grams, as per the Good Returns. In Mumbai, the price of ten grams of 24-carat gold was equivalent to the prices in Kolkata, Chennai and Hyderabad at Rs 98,210. Meanwhile, in Delhi, the price stood at Rs 98,310 per 10 grams.
The popular choice for jewellers, 22-carat gold, prized for its durability, was priced at Rs 90,020 for 10 grams on Saturday, April 26. The price of 10 grams of 22-carat gold in Mumbai is Rs 90,020, the same as in Kolkata, Bengaluru, Chennai and Hyderabad. The price of ten grams of 22-carat gold in Delhi is Rs 90,170.
Rates In Major Cities
| City | Gold Price (22-Carat/10 gm) | Gold Price (24-Carat/10 gm) | Silver Price (Rs/kg) |
| Delhi | Rs 90,170 | Rs 98,310 | Rs 1,00,800 |
| Noida | Rs 90,170 | Rs 98,310 | Rs 1,00,800 |
| Lucknow | Rs 90,170 | Rs 98,310 | Rs 1,00,800 |
| Mumbai | Rs 90,020 | Rs 98,210 | Rs 1,00,800 |
| Bengaluru | Rs 90,020 | Rs 98,210 | Rs 1,00,800 |
| Chennai | Rs 90,020 | Rs 98,210 | Rs 1,10,800 |
| Pune | Rs 90,020 | Rs 98,210 | Rs 1,00,800 |
| Ahmedabad | Rs 90,070 | Rs 98,260 | Rs 1,00,800 |
| Kolkata | Rs 90,020 | Rs 98,210 | Rs 1,00,800 |
| Hyderabad | Rs 90,020 | Rs 98,210 | Rs 1,10,800 |
Source: Good Returns
Gold Price On MCX
The MCX Gold June 5 posted a healthy gain of over 1% on April 25, but just a day later, it declined more than 1% in intraday trade on Friday, April 25. The profit booking amid easing concerns over the global tariff war by investors lead to this decline.
The June 5 gold contract on MCX hit an intraday low of Rs 94,902 on Friday, but later recovered. The contract reached its all-time high of Rs 99,358 per 10 grams on April 22. However, it has now dropped over Rs 4,450 in just three days.
Meanwhile, the gold prices in international markets dropped over 1% on Friday as reports suggested that China was considering relief to some US imports.
How Gold Rates In India Are Determined?
The prices of the yellow metal in India aren’t solely driven by physical gold demand and supply. They’re significantly impacted by the trading activities in major global markets, including the London OTC spot market and the COMEX gold futures market.
Moreover, other factors like global events, political issues, central bank decisions, and currency changes also influence the change in the prices of the precious metal.
How To Check The Purity Of The Yellow Metal
Given below are the few tips to check the purity of the yellow metal:
1. Look for a hallmark: The best way is to look for the hallmark. 22-carat gold, also known as 916 gold, will have a hallmark stamp on its back of 916.
2. Check for the BIS Standard Mark: On all the jewellery, you can look for a triangle with the letters “BIS” underneath to ensure the purity of the gold.
3. Perform an acid test: An acid test can be performed under guidance, where you can test the gold with nitric acid to check its purity.
4. Colour test: The yellow metal stays yellow always, it remains untarnished.
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