Gold prices in India are back on the upswing after experiencing a steady decline following the budget. The precious metal, deeply embedded in Indian tradition and culture, has once again become a hot topic among investors and buyers. On October 4th, gold prices saw a notable rise, with a ₹110 increase in the price of Libra. Currently, the price of 22 carat gold stands at ₹71,100 per 10 grams, while 24 carat gold is priced at ₹77,560 for 10 grams.
Gold Prices in Major Indian Cities:
- Chennai: ₹71,100 (22 carat), ₹77,560 (24 carat)
- Mumbai: ₹71,100 (22 carat), ₹77,560 (24 carat)
- Delhi: ₹71,250 (22 carat), ₹77,710 (24 carat)
- Hyderabad: ₹71,100 (22 carat), ₹77,560 (24 carat)
- Vijayawada: ₹71,100 (22 carat), ₹77,560 (24 carat)
- Bengaluru: ₹71,100 (22 carat), ₹77,560 (24 carat)
- Kerala: ₹71,100 (22 carat), ₹77,560 (24 carat)
While gold prices continue to fluctuate, silver remains stable at ₹95,000 per kilogram.
Understanding Gold Purity:
It is essential to be aware of the purity of gold before making any purchase. The purity of gold is determined by the hallmark issued by the Indian Standard Organization (ISO). Here’s a quick guide to the markings on gold jewellery:
- 24 carat: 999
- 23 carat: 958
- 22 carat: 916
- 21 carat: 875
- 18 carat: 750
Gold in India is predominantly sold as 22 carat, though 18 carat is also commonly used.
As gold prices fluctuate daily, it’s important to stay updated to make informed buying decisions, whether for investment purposes or traditional purchases.
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