New Delhi: Gold rate today in India (22 carat) was upbeat and traded at Rs 71,110 per 10 gram (gm), according to “Good Returns .” While, 24 carat gold rate was quoted at Rs 77,560 per 10 gm. As far as yellow metal of 18 carat purity is concerned, its prices traded at Rs 58,170 per 10 gm on Friday, October 04, 2024. While, silver rates today hovered around Rs 95,000 per kg. Gold prices had reached all time high level of Rs 78,300 per 10 gm earlier in New Delhi.
MCX Gold & Silver Price
MCX Gold has come under pressure for last few days. In futures trade, gold contracts for October delivery traded 0.02% lower at Rs 76,230 per 10 gm on the Multi Commodity Exchange at the time of writing this article. While, silver contracts for December delivery also traded in red (0.12% lower) at Rs 92,870 per 1 kg in the early morning trade on Friday.
Gold And Silver Rates Today In Different Cities In India:
| City | Gold Price (22 carat in Rs/gm) | Silver Price (Rs/kg) |
| Delhi | 7,125 | 95,000 |
| Mumbai | 7,110 | 95,000 |
| Bengaluru | 7,110 | 90,000 |
| Chennai | 7,110 | 1,01,000 |
| Pune | 7,110 | 95,000 |
| Ahmadabad | 7,115 | 95,000 |
| Kolkata | 7,110 | 95,000 |
| Hyderabad | 7,110 | 1,01,000 |
Gold Rate Increase Reason
Gold rate increase reason could be the following:
- Ongoing Festive Season:
The ongoing festive season is the reason behind gold rate increase. Festivals began in India on Wednesday, October 02, 2024. During the first week of Navratri, people like to buy precious metals as they consider it auspicious. The surge in demand has led to gold rate increment.
2. Rising Middle East Tension
Fresh escalation between Israel and Iran has led to tension of all out war between the two powerhouses. Such geopolitical create create negative sentiment in the minds of global investors. They look for safer options like the yellow metal to put their hard earned money into. This has also led to the gold’s rate increment.
