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Gold Price Today: Rates Surge Again – Check Prices In Mumbai, Delhi, Chennai, Bengaluru & Others

Gold prices in India aren't solely driven by physical gold demand and supply. Instead, they're significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.

Gold Price Today: Yellow metal buyers will have to spend more as Gold price rises, with 24-carat gold witnessing a surge on Saturday. Additionally, the popular choice for jewelers, 22-carat gold, prized for its durability, was priced at Rs 74,510 for 10 grams.

The price of 24-carat gold surged on Saturday, with 10 grams of it selling at Rs 81,280, according to Good Returns. Silver prices too witnessed a surge, with the metal’s price now standing at Rs 96,600 per kilogram, according to Good Returns.

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Gold Price Today: Major Cities

City

Gold Price (22-Carat/10 gm)Gold Price (24-Carat/10 gm)Silver Price (Rs/kg)
DelhiRs 74,660Rs 81,430Rs 96,600
NoidaRs 74,660Rs 81,430Rs 96,600
LucknowRs 74,660Rs 81,430Rs 96,600
MumbaiRs 74,510Rs 81,280Rs 96,600
BengaluruRs 74,510Rs 81,280Rs 96,600
ChennaiRs 74,510Rs 81,280Rs 1,04,100
PuneRs 74,510Rs 81,280Rs 96,600
AhmedabadRs 74,560Rs 81,330Rs 96,600
KolkataRs 74,510Rs 81,280Rs 96,600
HyderabadRs 74,510Rs 81,280Rs 1,04,100

Source: Good Returns

How Gold Prices In India Are Determined?

Contrary to popular belief, gold prices in India aren’t solely driven by physical gold demand and supply. Instead, they’re significantly influenced by trading activities on major global markets, including the London OTC spot market and the COMEX gold futures market.

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Furthermore, other factors like global events, political issues, central bank decisions, and currency changes can also fuel the change in the prices of the precious metal.

How To Check The Purity Of Gold

Here are a few tips to check the purity of the gold:

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 jewelry, 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. Color test: The yellow metal stays yellow always, it remains untarnished.

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Written By

Akshat Mittal


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