Gold Price Change Today There was a minor correction in gold and silver prices over the last few days, including October 25, 2024. The precious metals have managed to remain above the important Rs 78,000 per 10 grams level for gold and above Rs 96,000 per kg levels for silver.
National Gold and Silver Rates
24-carat gold (999 purity): Rs 78,064 per 10 grams Silver (999 purity): Rs 96,075 per kg The festival of Dhanteras is likely to see a higher demand in gold and silver, The quotations tend to rise during low interest rates as this is when there is increased tendency to invest in gold and silver due to the safe haven status of these metals. which may push the prices upward.
Gold Price in India
Following are the prices of gold across different major cities in India:
Delhi: 24-carat: ₹79,610/10g, 22-carat: ₹72,990/10g
Lucknow: 24-carat: ₹79,610/10g, 22-carat: ₹72,990/10g
Jaipur: 24-carat: ₹79,610/10g, 22-carat: ₹72,990/10g
Patna: 24-carat: ₹79,510/10g, 22-carat: ₹72,890/10g
Ahmedabad: 24-carat: ₹79,510/10g, 22-carat: ₹72,890/10g
Mumbai & Kolkata: 24-carat: ₹79,460/10g, 22-carat: ₹72,840/10g
Why Gold and Silver Prices May Be on a Rise
Various factors are behind the prevailing conditions in the gold and silver markets Festive Season: Passing through the festive and wedding season in India, there is already resultant growth in demand both in gold and silver leading to further surge in price quotations.
Interest Rate Expectations
For example, the expectation of the cuts in interest rates in the US would also have a bearing on the precious metals. The quotations tend to rise during low interest rates as this is when there is increased tendency to invest in gold and silver due to the safe haven status of these metals. These rates are subject to change and should be validated by a jeweler or financial advisor for the correct most up-to-date information.
