Gold, Silver Price Today: Amidst the increasing demand in the festive season and the expectation of interest rate cut by the Federal Reserve, the price of gold has reached its record high of Rs 80 thousand. In Delhi’s bullion market on Friday, the price of gold per ten grams increased by Rs 550 to Rs 79,900. Whereas during the last trading session it was at Rs 79,350. The rise in gold prices is being attributed to increased demand during the festive season at the domestic level, expectation of another interest rate cut by the Federal Reserve at the international level, and geo-political tension.
LKP Securities Vice President Commodity Research Analyst Jatin Trivedi says that the rise in gold prices is largely driven by the expectation of interest rate cuts by the US Central Bank. The Federal Reserve may cut interest rates again in the coming weeks. Gold trend in MCX was clearly positive. At the beginning of this year, gold had reached its lowest level below Rs 68,000. The current rally in gold prices above Rs 77,500 indicates a significant appreciation
Also read: Hyundai Motor IPO’s GMP negative, stock may be listed below IPO price, check share allotment status
For 2024, gold has already given impressive returns of over 22% and by Diwali these returns are expected to reach around 30%. This year has been one of the best for Gold. Gold prices continue to rise. Jatin Trivedi says that its upside target may be 78,500 in the coming days. On the downside, the support level of gold is estimated to be around Rs 75,000, which provides a strong base for any small downside. It is expected that as long as expectations of interest rate cuts and geo-political tensions remain, the price of gold may continue to rise.
What is the price of 22 carat gold in your city?
In Delhi, the price of gold of 99.5 percent purity also rose by Rs 550 and reached a new high of Rs 79,500 per 10 grams, rising for the third consecutive day. During the last trading session it was at Rs 78,950. Amidst the strong trend, what is the price of 10 grams of gold in your city? You can check city-wise details here.
City |
price of 22 carat gold |
Ahmedabad |
₹71,262 |
Amritsar |
₹71,198 |
Aurangabad |
₹71,198 |
Bangalore |
₹71,253 |
Belgaum |
₹71,253 |
Bhopal |
₹71,271 |
Bhubaneswar |
₹71,216 |
Chandigarh |
₹71,198 |
Chennai |
₹71,399 |
Coimbatore |
₹71,399 |
Delhi |
₹71,069 |
city city |
₹71,179 |
Gurgaon |
₹71,179 |
Guwahati |
₹71,344 |
Hyderabad |
₹71,308 |
Indore |
₹71,271 |
Jaipur |
₹71,188 |
Kanpur |
₹71,216 |
Kerala |
₹71,408 |
kochi |
₹71,408 |
Kolhapur |
₹71,198 |
Kolkata |
₹71,097 |
Lucknow |
₹71,216 |
Ludhiana |
₹71,198 |
Madurai |
₹71,399 |
Mangalore |
₹71,253 |
Meerut |
₹71,216 |
mumbai |
₹71,198 |
Mysore |
₹71,253 |
Nagpur |
₹71,198 |
Nashik |
₹71,198 |
Odisha |
₹71,216 |
Patna |
₹71,152 |
Pune |
₹71,198 |
Punjab |
₹71,198 |
Rajahmundry |
₹71,308 |
Rajkot |
₹71,289 |
Surat |
₹71,289 |
Thane |
₹71,198 |
Thiruvananthapuram |
₹71,408 |
Thrissur |
₹71,408 |
Tirupati |
₹71,308 |
Vadodara |
₹71,289 |
Varanasi |
₹71,216 |
Vijayawada |
₹71,308 |
Visakhapatnam |
₹71,308 |
On Friday, the price of silver in Delhi jumped by Rs 1,000 to Rs 94,500 per kg. During the last trading session it remained stable at Rs 93,500.