Gold Price Jumps In India, Sept 24: 18K, 22K, 24K Gold Prices Hit New All Time High, Silver Declines

Gold prices in India today witnessed rally for second day in a row as the yellow metal continues to hover near record high levels in the country. According to experts, several factors such as escalating geopolitical tensions, US Fed rate cut, buying by central banks are likely to keep the precious metal soaring in the medium term. Delhi gold prices today surged to 70150/10 grams, most expensive among all 4-metropolitan cities. Gold prices in Chennai, Kolkata, and Mumbai have hit the 70,000 mark for 24k/10 grams.

24k gold prices today in India hit new all-time high after rally of Rs 210 to Rs 76,360/10 grams while 100 grams of 24 carat yellow metal prices today rose by Rs 2100 to settle at Rs 7,63,600. 22k gold prices today in the country inched higher by Rs 200 to Rs 70,000/10 grams and 100 grams of 22 carat precious metal prices zoomed by Rs 2000 to Rs 7,00,000.

18k yellow metal prices today in India recorded record high surge of Rs 160 to Rs 57,270/10 grams and 100 grams of 18 carat gold prices today witnessed surge of Rs 1600 to Rs 5,72,700.

As gold prices continue to touch new peaks in India and globally, Renisha Chainani, Head Research - Augmont - Gold For All said, Dr. Renisha Chainani, Head Research - Augmont - Gold For All said, "the gold price reached a new all-time high of $2664 (Rs 75260), as traders waited for further information on the Federal Reserve's rate-cut policy before making new positive moves. This week's FOMC member speeches and the release of the US Personal Consumption Expenditures Price Index on Friday will remain the major focus. In the meantime, predictions for further aggressive easing by the US Federal Reserve limit the US Dollar's rebound from the YTD top set in reaction to a big rate decrease last week, acting as a tailwind for the gold price."

Aside from this, there are persisting geopolitical concerns arising from ongoing wars in the Middle East and the US electoral uncertainties ahead of the November election. Persistent geopolitical threats in the Middle East, US political instability, and economic slowdown are expected to support the safe-haven gold market, added Renisha Chainani.

24k gold price for 1 gram today jumped by Rs 21 to Rs 7,636. On the other hand, 1 gram gold rate today for 22k gold price stood at Rs 7000 after gain of Rs 20. And, 18k gold prices rallied by Rs 16 to 5,727.

Spot Gold, Spot Silver Prices Today: Spot gold stayed unchanged near $2,625.52 per ounce, as of 0023 GMT. Bullion touched a record high of $2,635.29. Spot silver stayed neutral at $30.66 per ounce, platinum zoomed 0.4% to $960.40 and palladium fell 0.6% to $1,035.25, according to Reuters.

Silver Prices Today In India: Silver price in India today witnessed decline. 1kg silver prices today stood Rs 92,900 after prices fell marginally by Rs 100. 100 grams silver prices today in India declined by Rs 10 to Rs 9,290.

22k Gold Price Movement In Last 10-Days In India (1 gram)

22k gold price in India today soared by Rs 20, jumped by Rs 20 on September 23, stayed unchanged on September 22, rose by Rs 75 on September 21, gained by Rs 60 on September 20, dipped by Rs 25 on September 19, fell by Rs 15 on September 18, declined by Rs 15 on September 17, surged by Rs 15 on September 16, and remained neutral on September 15.

1kg Silver price India movement in last 10-days

Silver price in India today fell by Rs 100, did not witness any changes on September 23, remained steady on September 22, soared by Rs 500 on September 21, zoomed by Rs 1500 on September 20, remained unchanged on September 19, fell by Rs 1000 on September 18, declined by Rs 1000 on September 17, soared by Rs 1000 on September 16, and remained neutral on September 15.

1 Gram of 22k Gold prices In 6 Major Metropolitan Cities Of India On September 24, 2024:

City	22 Carat Gold Price Per Gram
Gold Price Chennai Today	1 gram of 22 carat gold rate is Rs 7000
Yellow Metal Price Mumbai Today	1 gram of 22 carat gold price is Rs 7000
Gold Price Delhi Today	1 gram of 22 carat yellow metal price is Rs 7015
Gold Price Kolkata Today	1 gram of 22 carat of gold price is Rs 7000
Gold Price Kerala Today	1 gram of 22K gold prices is Rs 7000
Yellow Metal Price Bangalore Today	1 gram of 22 carat gold rate is Rs 7000
Gold Prices Hyderabad Today	1 gram of 22 carat gold rate is Rs 7000