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Gold Rate Today In India: Get the newest updates on gold costs from cities throughout. Stay knowledgeable with real-time charges.
Gold and silver costs right now, October 23.
Gold and Silver Prices Today, October 23: Gold and silver prices globally proceed to rise as a consequence of uncertainty surrounding the upcoming US presidential elections and international woes. The newest BRICS nations’ push in the direction of de-dollarisation has boosted the demand for valuable metals. On October 23, gold costs in India crossed the Rs 80,000 mark.
The worth of 24-carat gold, identified for its highest purity, stood at Rs 80,220 per 10 grams. For jewelry patrons, 22-carat gold, which is extra sturdy as a consequence of its alloy composition, was priced at Rs 73,550 per 10 grams, based on goodreturns.in.
However, within the futures market, gold costs are but to the touch the Rs 80,000 mark. On the MCX, gold costs for the December 5, 2024, contracts rose 0.06 per cent to Rs 78,702 per 10 grams. Siver was buying and selling at Rs 99,791 per kg.
Silver Rate Today
Silver rose by an excellent better margin rising above the Rs 1 lakh mark to commerce at Rs 1,04,000 per kilogram.
Why Are Gold, Silver Prices Rising?
Rahul Kalantri, vice-president (commodities) of Mehta Equities, stated, “Gold and silver demonstrated robust momentum on Tuesday, with gold costs reaching new highs, surpassing $2,750 per troy ounce, whereas silver hit contemporary 12-year highs at $35 per troy ounce. In India, for the primary time, silver on the MCX platform crossed the five-digit mark per kilogram. Uncertainty surrounding the upcoming US presidential elections, coupled with the BRICS nations’ push in the direction of de-dollarisation, is driving demand for valuable metals.”
With the elections simply across the nook, the rising unpredictability over Kamala Harris’ prospects is additional fuelling the safe-haven attraction of gold and silver. However, the strengthening greenback index and US bond yields could restrict good points in these metals, he added.
Gold Rate Today In India: Retail Gold Price On October 23
Check gold costs right now in several cities on October 23, 2024; (In Rs 10/gram)
| City | 22 Carat Gold Rate Today | 24 Carat Gold Rate Today |
| 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 |
| Bhubaneshwar | 73,400 | 80,070 |
| Hyderabad | 73,400 | 80,070 |
Retail Cost of Gold in India
What Is The Retail Price Of Gold Per Gram?
Gold worth per gram refers to the price of a single gram of gold, sometimes expressed in a foreign money like Indian Rupees. This worth fluctuates every day primarily based on a number of components, together with financial circumstances, geopolitical occasions, and supply-demand dynamics.
In India, the retail worth of gold, the ultimate value shoppers pay, is influenced by extra than simply its market worth. Various components, similar to import duties, taxes, and foreign money change charges, play a big function.
Gold holds deep cultural significance in India, serving as a well-liked funding and taking part in a central function in weddings and festivals.
As market circumstances evolve, buyers and merchants carefully monitor these traits. Stay tuned for additional updates.
