Gold Prices In Bangalore Reaction On Gandhi Jayanti, October 2, 2024: Check 24K, 22K, 18K Prices On Wednesday

Gold prices in Bangalore reacted positively on the occasion of Gandhi Jayanti on October 2, 2024. Prices of 24K gold jumped by Rs 54 to Rs 5,400, while prices of 22K yellow metal surged by Rs 50 to Rs 5,000. Further, prices of 18K gold climbed by Rs 41 to Rs 4,100. This is the highest surge at the start of October, taking gold prices to near their all-time high levels. Meanwhile, silver prices remained unchanged on Wednesday.

Mohandas Karamchand Gandhi, the father of India, was born on October 2, 1869. Not just being a humble human being, selfless and kind, Mahatma Gandhi was patriotic and intellectual. From becoming a lawyer to an anti-colonial nationalist, Mahatma Gandhi is at the heart of India's independence from the Britishers after 89 years of rule.

Gold Prices In Bangalore On October 2, 2024:

24K Gold Prices: 100 grams of gold in the highest carat surged by Rs 5,400 to Rs 7,74,500, while 10 grams price jumped by Rs 540 to Rs 77,450. Also, 8 grams and 1 gram of gold is up by Rs 432 and Rs 54 to Rs 61,960 and Rs 7,745 on Wednesday.

22K Gold Prices: In this carat, 100 grams of yellow metal climbed by Rs 5,000 to Rs 7,10,000, while 10 grams price soared by Rs 500 to Rs 71,000. Further, 8 grams of gold is up by Rs 400 to Rs 56,800, and that of 1 gram price is higher by Rs 50 to Rs 7,100.

18K Gold Prices: In 18 carat, gold price in 100 grams advanced by Rs 4,100 to Rs 5,80,900, followed by a surge of Rs 410 in 10 grams gold to Rs 58,090. While 8 grams of gold is above Rs 328 to Rs 46,472, and 1 gram price is up by Rs 41 to Rs 5,809.

Silver Prices In Bangalore On October 2, 2024:

Silver prices remained unchanged with 1 kg of this precious metal priced at Rs 90,000. Further, 100 grams of silver is at Rs 9,000, and 10 grams price is at Rs 900.

Additionally, 8 grams and 1 gram of silver are at Rs 720 and Rs 90.

Also, the latest performance in gold and silver prices comes after Iran launched barrage of approximately 200 missiles on Israel, in less than 24 hours of the Jewish-dominated country's ground invasion in Lebanon, a home ground of Iran's proxy Hezbollah.

Israel has entered the gates of a wider war, after its retaliation for the October 7th massacre on Gaza-based terrorist group Hamas. Nearly 12 months into the war, Israel has been taking missiles from Hezbollah frequently, however, the matter escalated after the killing of Hezbollah's decades-old leader Hassan Nasrallah, and hundreds of pagers blasts in Lebanon that led to the killing of hundreds of Hezbollah fighters.

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said, " Market participants are closely watching this data-packed week, with the prime focus on Non-Farm Payrolls and Unemployment data scheduled for Friday. The overall trend remains bullish, with support placed at ₹75,000 and resistance at ₹76,250-₹76,400 in MCX. Any significant deviation in the data could impact gold's short-term movement."

MCX Gold, Silver Prices: Commodities market is closed in India due to Gandhi Jayanti. On October 1, MCX gold futures with December 2024 expiry came in at Rs 76,344 per 10 grams, while MCX silver futures price is at Rs 91,390.