Gold Price Jumps In India, Oct 4: Check Latest 18k, 22k, 24k Yellow Metal Prices After 3rd Day Rise

Gold prices in India continue to witness rally for 3rd consecutive day as a result of ongoing Middle East tension. Meanwhile, traders are looking forward to US payrolls data for more cues on the trajectory of Federal Reserve's policy path. Silver prices in India remained steady since September 29, 2024. 22k gold prices today surged by Rs 100 to Rs 71,200/10 grams and 100 grams of 22 carat yellow metal prices today zoomed by Rs 1000 to Rs 7,12,000. 24k gold prices today soared by Rs 110 to Rs 77,670/10 grams and 100 grams of 24 carat precious metal prices glittered by Rs 1100 to Rs 7,76,700 on Friday.

According to Renisha Chainani, Head Research - Augmont - Gold For All, "the price of gold is still trapped in a small trading range due to conflicting underlying signals. Geopolitical worries support the metal, although the strength of the USD limits recent advances. Additionally, traders hesitated to place directional bets, waiting to see what happens with the US NFP report, which is expected to be announced today."

"Hezbollah shot around 230 rockets from Lebanon into Israeli territory on Thursday and Israel began strikes early on Friday targeting Hezbollah's intelligence offices in the southern suburbs of the Lebanese capital Beirut. Iran launched approximately 180 ballistic missiles on Tuesday night; Israel is planning a massive counterattack within days, increasing the likelihood of a full-scale war and supporting the Gold market. Gold remains supported at around $2650 (Rs 75400), and resistance is around $2700 (Rs 76500), added Renisha Chainani.

18k gold prices today recorded rally of Rs 80 to Rs 58,260/10 grams while 100 grams of 18 carat precious metal prices today inched higher by Rs 800 to Rs 5,82,600.

Meanwhile, 1 gram gold rate today for 22k surged again by Rs 10 for 3rd day to Rs 7,120 and 24k/1 gram gold price today jumped by Rs 11 to end at Rs 7,767. 18k/1 gram gold prices today surged by Rs 8 to Rs 5826.

Silver Prices Today In India: Silver price in India today continue to remain steady. 1kg silver prices today in India stood at Rs 95,000 while 100 grams silver prices today are retailing at Rs 9,500.

Spot Gold, Spot Silver Prices Today: Spot gold surged 0.3% at $2,662.50 per ounce, as of 0325 GMT, after rising to an all-time high of $2,685.42 on September 26. Bullion rallied 0.2% for the week. U.S. gold futures edged 0.1% higher to $2,682.10. Spot silver rose 0.4% to $32.17 per ounce and rose about 1.8% so far this week. Platinum zoomed 1.1% to $1,001.79 and palladium soared 1.4% to $1,013.46, according to Reuters.

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

22k gold price in India today surged by Rs rallied by Rs 10, soared by Rs 50 on October 2, fell by Rs 30 on October 1, declined by Rs 15 on September 30, steadied on September 29, slipped by Rs 5 on September 28, rose by Rs 40 on September 27, stayed unchanged on September 26, jumped by Rs 60 on September 25, and surged by Rs 20 on September 24.

1kg Silver price India movement in last 10-days

Silver price in India today stayed steady, remained stable on October 3, steadied on October 2, stayed unchanged on October 1, fell by Rs 100 on September 30, stayed unchanged on September 29, fell by Rs 1000 on September 28, rose by Rs 1000 on September 27, jumped by Rs 2200 on September 26, and slipped by Rs 100 on September 25.

1 Gram of 22k Gold prices In 6 Major Metropolitan Cities Of India On October 4, 2024:

City	22 Carat Gold Price Per Gram
Gold Price Chennai Today	1 gram of 22 carat gold rate is Rs 7120
Yellow Metal Price Mumbai Today	1 gram of 22 carat gold price is Rs 7120
Gold Price Delhi Today	1 gram of 22 carat yellow metal price is Rs 7135
Gold Price Kolkata Today	1 gram of 22 carat of gold price is Rs 7120
Gold Price Kerala Today	1 gram of 22K gold prices is Rs 7120
Yellow Metal Price Bangalore Today	1 gram of 22 carat gold rate is Rs 7120
Gold Prices Hyderabad Today	1 gram of 22 carat gold rate is Rs 7120

According to Reuters, "geopolitical tensions, particularly concerning Israel and Iran, are supporting gold prices and unless these risks subside, prices are likely to remain near record levels," said Ajay Kedia, director at Kedia Commodities, Mumbai.