A slight increase in gold prices has been observed after Karwa Chauth. Today, the price of 24-carat gold is Rs 12,426 per gram, while 22-carat gold is trading at Rs 11,390 per gram. Silver prices have also risen to Rs 177 per gram. This has brought relief to investors and jewelry buyers.
Gold Price Today: A slight increase in gold prices has been recorded in the country after Karwa Chauth. On October 10, the price of 10 grams of 24-carat gold was Rs 1,22,290, whereas today it has reached Rs 12,426 per gram. 22-carat gold is trading at Rs 11,390 per gram, and 18-carat gold at Rs 9,319 per gram. Meanwhile, the price of silver has reached Rs 177 per gram and Rs 1,77,000 for 1 kilogram.
24-Carat Gold Price Today
Today, a slight increase has been observed in the price of 24-carat gold in the country. 24-carat gold is trading at Rs 12,426 per gram, which is Rs 55 more than yesterday's Rs 12,371. The price of 22-carat gold has also increased by Rs 50, reaching Rs 11,390 per gram. Meanwhile, the price of 18-carat gold has risen by Rs 41 to reach Rs 9,319 per gram today.
On a 100-gram scale, the price of 24-carat gold increased by Rs 5,500, reaching Rs 12,42,600. 100 grams of 22-carat gold is selling for Rs 11,39,000, an increase of Rs 5,000. The price of 18-carat gold for 100 grams reached Rs 9,31,900, which is Rs 4,100 more than Friday.
Gold Prices in Major Cities
In Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune, the price of 24-carat gold today is Rs 12,426 per gram. In these cities, the price of 22-carat gold has reached Rs 11,390 per gram.
In Delhi, Jaipur, Lucknow, and Chandigarh, the price of 24-carat gold is Rs 12,441 per gram, while 22-carat gold is priced at Rs 11,405 per gram.
In Chennai and Coimbatore, 24-carat gold is also selling for Rs 12,441 per gram, and the price of 22-carat gold remains at Rs 11,405 per gram.
Silver Price
Along with gold, a change has also been observed in the price of silver. Today, the price of silver is Rs 177 per gram. Meanwhile, the price of 1 kilogram of silver has reached Rs 1,77,000, which is Rs 3,000 more than yesterday.
Reasons for Fluctuations in Gold Prices
Experts state that the primary reason for the dip in gold prices around Karwa Chauth was the balance between demand and supply. While there was a sudden surge in buying due to the festival, the stable gold prices in the global market led to a slight decline in the domestic market. Furthermore, the strengthening dollar and international fluctuations in gold prices also impacted the Indian market.
Indications for Investors and Buyers
The change in gold prices has provided an opportunity for investors and retail buyers to capitalize. Gold prices are expected to remain stable for now, but with increased demand during festivals and the wedding season, prices may see another surge. Experts believe this is an opportune time to buy gold, especially for those purchasing it for both investment and jewelry purposes.
