Gold prices in India have seen notable fluctuations recently, and on October 17, 2024, the rates reflect both market dynamics and consumer demand.
As of today, the price of 24-carat gold, recognised for its highest purity, stands at Rs 77,900 per 10 grams, while 22-carat gold, preferred for jewellery due to its durability, is priced at Rs 71,410 per 10 grams.
City | 22 Carat Gold Rate Today | 24 Carat Gold Rate Today |
Mumbai | 71,410 | 76,670 |
Kolkata | 71,410 | 76,570 |
Delhi | 71,560 | 76,540 |
Chennai | 71,410 | 76,900 |
Ahmedabad | 71,460 | 77,950 |
Pune | 71,410 | 77,900 |
Lucknow | 71,100 | 77,550 |
Bengaluru | 71,410 | 77,900 |
Jaipur | 71,560 | 78,050 |
Patna | 71,460 | 77,950 |
Bhubaneswar | 71,410 | 77,900 |
Hyderabad | 71,410 | 77,900 |
In Mumbai, the gold rate for 24-carat gold is Rs 76,670 per 10 grams, up from Rs 76,470 the previous day. Just a week ago, on October 10, it was Rs 75,250. The rise indicates a steady demand as the festive season approaches.
Kolkata's market shows a price of Rs 76,570 per 10 grams for 24-carat gold, a slight increase from Rs 75,950 on October 16. Last week’s price was Rs 75,150, reflecting a consistent upward trend.
In Delhi, the gold price today is Rs 76,540 per 10 grams for 24-carat gold, compared to Rs 76,240 yesterday. This increase aligns with the upcoming Diwali celebrations when jewelry purchases typically surge.
Chennai reports a gold rate of Rs 76,900 per 10 grams for 24-carat gold, up from Rs 76,320 on October 16. A week earlier, it was priced at Rs 75,470, showing strong demand in southern India.
22-carat at Rs 71,460 and 24-carat at Rs 77,950
22-carat at Rs 71,410 and 24-carat at Rs 77,900
22-carat at Rs 71,100 and 24-carat at Rs 77,550
22-carat at Rs 71,410 and 24-carat at Rs 77,900
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22-carat at Rs 71,560 and 24-carat Rs 78,050
22-carat at Rs 71,460 and 24-carat at Rs 77,950
22-carat at Rs 71,410 and 24-carat at Rs 77,900
22-carat at Rs 71,410 and 24-carat at Rs 77,900
Jateen Trivedi, VP Research Analyst at LKP Securities, speaks with the Financial Express to share insights into current market trends. He noted that "gold prices remained elevated, gaining Rs 350 in MCX," while Comex gold traded above $2,675 with a rise of 0.55%. Traders are positioning themselves based on expectations that the Federal Reserve will continue its path of interest rate cuts.
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