Gold Prices Gain In India, Oct 29: 24k/100 Grams Gold Rallied By 32.76% Since Dhanteras 2023

Gold prices in India today witnessed gain as the country is celebrating Dhanteras festival. The rise in yellow metal prices can be attributed to the ongoing uncertainty prevailing around US presidential elections. Meanwhile, investors are also looking forward to crucial economic data for more hints on the Federal Reserve's interest rate trajectory.

Meanwhile, gold demand records a rise every year in India on Dhanteras festival as investing in precious metal during this festival and Diwali is considered auspicious as it can bring prosperity and good luck. Dhanteras is celebrated on the 13th day of the Krishna Paksh during Kartik month as per the Hindu calendar. Many people in India make it a point to visit jewellery shops to purchase gold or silver coins on Dhanteras.

24k gold prices today surged by Rs 650 to Rs 80,450/10 grams and 100 grams of 24 carat precious metal prices today rallied by Rs 6500 to Rs 8,04,500. 22k gold prices today soared by Rs 600 to Rs 73,750/10 grams and 100 grams of 22 carat yellow metal prices today edged higher by Rs 6000 to Rs 7,37,500 on Tuesday. 18k gold prices today witnessed gain by Rs 490 to Rs 60,340/10 grams and 100 grams of 18 carat precious metal prices today soared by Rs 4900 to Rs 6,03,400 on October 29, 2024.

How Much Gold Prices Surged Since Last Dhanteras In India? It is worth mentioning here that gold prices witnessed steep rally since last Dhanteras that was celebrated on November 10, 2023. 24K per gram gold prices on November 11, 2023 stood at Rs 6060 and today the prices have surged to Rs 8045, implying a sharp jump of 32.76%.

Dhanteras 2024: Date and Time: The festival will start on October 29, 2024 at 12:01 am and will end on October 30, 2024 at 2:45 am.

Dhanteras Puja Muhurta: It will start on October 29, 2024 at 7:27 pm and will last till 9:16 pm.

1 gram gold rate today for 22k in India turned dearer by Rs 60 to Rs 7,375. 1 gram gold rate today for 24k became expensive by Rs 65 to Rs 8045. 1 gram gold price today for 18 carat yellow metal zoomed by Rs 49 to Rs 6034.
According to Reuters, "the lead-up to the upcoming U.S. elections may continue to offer traction for its status as a hedge against market turbulence, further supported by a temporary breather in the U.S. dollar and Treasury yields overnight," IG market strategist Yeap Jun Rong said.

Silver Prices Today In India: Silver price in India today jumped. 1 kg silver prices today rose by Rs 1000 to Rs 99,000. 100 grams silver prices today jumped by Rs 100 to Rs 9,900.

Spot Gold, Spot Silver Prices Today: Spot gold surged 0.5% at $2,755.42 per ounce, as of 0226 GMT. U.S. gold futures rose 0.4% to $2,768.10. Spot silver surged 1.2% at $34.0875 per ounce, palladium gained 1.4% to $1,047.05, platinum zoomed 0.8% to $1,228.00, according to Reuters.

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

22k gold price in India today surged by Rs 60, fell by Rs 45 on October 28, steadies on October 27, surged by Rs 65 on October 26, soared by Rs 10 on October 25, fell by Rs 55 on October 24, zoomed by Rs 40 on October 23, remained steady on October 22, rallied by Rs 20 on October 21, and remained stable on October 20.

1kg Silver price India movement in last 10-days

Silver prices in India jumped by Rs 1000 today, remained steady for 3 days (Oct 26, Oct 27, and Oct 28), dipped steeply by Rs 4000 on October 25, slipped by Rs 2000 on October 24, jumped by Rs 2000, rose by Rs 100 on October 22, rallied by Rs 1500 on October 21, and remained stable on October 20.

1 Gram of 22k Gold prices In 6 Major Metropolitan Cities Of India On October 29, 2024:

City	22 Carat Gold Price Per Gram
Gold Price Chennai Today	1 gram of 22 carat gold rate is Rs 7375
Yellow Metal Price Mumbai Today	1 gram of 22 carat gold price is Rs 7375
Gold Price Delhi Today	1 gram of 22 carat yellow metal price is Rs 7390
Gold Price Kolkata Today	1 gram of 22 carat of gold price is Rs 7375
Gold Price Kerala Today	1 gram of 22K gold prices is Rs 7375
Yellow Metal Price Bangalore Today	1 gram of 22 carat gold rate is Rs 7375
Gold Prices Hyderabad Today	1 gram of 22 carat gold rate is Rs 7375