Gold Rate Today In India: Check 22 Carat Price In Your City On October 24

Today’s gold and silver prices have surged to new record highs for the sixth consecutive session, propelled by strong demand during the festive and wedding seasons.

In India, on October 24th, the cost of gold was approximately Rs 80,000 for every 10 grams. Specifically, the value of 24-carat gold, recognized for its unparalleled purity, was set at Rs 80,080 per 10 grams. Conversely, 22-carat gold, valued by jewellery shoppers for its enhanced durability from alloy blending, could be obtained for Rs 73,410 per 10 grams.

Today’s Silver Price

Silver, conversely, had a market value of Rs 1,02,100 per kilogram.

Today’s Gold Price in India: Current Retail Gold Rate on October 24th

Today, on October 24, 2024, discover the current gold rates across various cities, priced at Rs 10 per gram.

The local markets witnessed a significant 7% correction in gold and silver prices in July following the government’s reduction of basic customs duty on metals including gold.

The prices of bullion made a recovery driven by escalating demand from Indian buyers during festive seasons, anticipation of interest rate reductions in the United States, and a surge in geopolitical tensions.

The Price of Gold at Retail in India

The Price of Gold per Gram in Retail Stores

The price of a gram of gold, denominated in currencies such as the Indian Rupee, varies daily due to a variety of factors that include economic circumstances, geopolitical occurrences, and supply-demand interactions.

The retail price of gold in India is not solely determined by its market value; other contributing factors include import duties, taxes, and currency exchange rates.

In India, gold is deeply rooted in culture, commonly used as an investment vehicle and playing a pivotal part in various ceremonies, especially weddings and festivals.

Keep a close eye on these trends as investors and traders adapt to changing market conditions. More updates to follow.