Gold Price: For the first time in history, the price of gold has reached Rs. crossed 80,000
Gold Price Globally, gold and silver prices continue to rise due to uncertainty over the upcoming US presidential elections and global issues. The recent push towards de-dollarization of the BRICS countries has led to an increase in demand for precious metals. On October 23, the price of gold in India crossed Rs 80,000.
Gold Price However, the price of gold in the futures market is still Rs. The figure of 80,000 is yet to be touched. On MCX, the gold contract for December 5, 2024 increased by 0.06 percent to Rs. ₹78,702 per 10 grams. Silver Rs. It was being traded at Rs 99,791 per kg.
silver price today
Silver Rs. Increased from Rs 1 lakh to Rs 1 lakh. 1,04,000 per kg was traded.
Why are the prices of gold and silver increasing?
Rahul Kalantri, Vice President (Commodities), Mehta Equities said, “Gold and silver witnessed strong gains on Tuesday, with gold prices hitting new high above $2,750 per troy ounce, while silver hit new high of $35 per troy. Reached year's high. Silver in India crossed the five-figure mark per kg on MCX platform for the first time. Uncertainty over the upcoming US presidential election as well as the BRICS countries' push towards de-dollarization are driving demand for precious metals.
As the elections approach, growing uncertainty over Kamala Harris' prospects is boosting the safe-haven appeal of gold and silver. However, a stronger dollar index and US bond yields may limit gains in these metals, he said.
Check gold prices in various cities today, October 23, 2024; (in Rs.10/gram)
| City | Today's price of 22 carat gold | Today's price of 24 carat gold |
| Delhi | 73,550 | 80,220 |
| Mumbai | 73,400 | 80,070 |
| Ahmedabad | 73,450 | 80,120 |
| Chennai | 73,400 | 80,070 |
| Kolkata | 73,400 | 80,070 |
| Pune | 73,400 | 80,070 |
| Lucknow | 73,550 | 80,220 |
| Bengaluru | 73,400 | 80,070 |
| Jaipur | 73,550 | 80,220 |
| Patna | 73,450 | 80,120 |
| Bhubaneswar | 73,400 | 80,070 |
| Hyderabad | 73,400 | 80,070 |
retail gold price in india
What is the retail price of gold per gram?
Gold price per gram refers to the price of one gram of gold, usually denominated in a currency such as the Indian Rupee. This price fluctuates daily depending on a number of factors, including economic conditions, geopolitical events, and supply-demand dynamics.
In India, the retail price of gold, the final price paid by consumers, is more influenced by its market value. Various factors like import duties, taxes and currency exchange rates play an important role
Gold has deep cultural significance in India, serving as a popular investment and playing a central role in weddings and festivals.
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