Gold Prices In India Scale Fresh Peak Ahead Of Dhanteras, Oct 22: Check Latest Gold Prices

Gold prices in India have been maintaining upward momentum for the last 5-days amid higher US Treasury yields, rising uncertainties surrounding US elections, and Middle-East war. However, gold price in India today remained stable. Meanwhile, silver prices surged marginally today after prices crossed 1 lakh mark yesterday in India. 22k gold price today stood at Rs 73,000/10 grams and 100 grams of 22k gold price today in India retailing at Rs 7,30,000. 24k gold price today in India is quoting at Rs 79,640/10 grams and 100 grams of 24 carat yellow metal prices remained unchanged at Rs 7,96,400.

Meanwhile, Dhanteras will be celebrated on October 29 in India this year. It holds deep mythological and religious importance. As per rituals, there is a tradition of lighting 13 lamps in the evening to honour lord Kuber, the God of wealth, prosperity and property.

18k gold rate today in India is Rs 59,730/10 grams and 100 grams of yellow metal price in India today stood at Rs 5,97,300.

Meanwhile, 1 gram gold price today for 22k in India today stood at Rs 7,300. 1 gram gold rate today for 24k is Rs 7,964. 1gm gold rate today for 18 carat is Rs 5973.

Why Gold Prices Have Been Maintaining Upward Trend In India? Dr Renisha Chainani, Head Research - Augmont - Gold For All said "Gold and Silver prices are continuing in an uptrend rising every week. This week Gold has cleared resistance of $2750 (~Rs 78400) and is aiming for the level of $2800 (~Rs 80000) very soon. Silver has crossed the $34.35 (~Rs 98300) and is aiming for the $35 (~Rs 100,000) soon. The People's Bank of China's (PBoC) efforts to further loosen lending conditions by lowering interest rates, along with the growing demand for safe-haven assets resulting from the Middle East war, are driving up the price of precious metals."

Israel intensified its bombardment of Beirut and is getting ready to strike Iran in retaliation when a bomb goes off close to Netanyahu's residence. Gold is rising in a steady uptrend on all time frames (short, medium and long) and after breaching the $2700 mark it is now on its way to the next target at $2800 (~Rs 80000). Silver prices are trading at a 12-year high; after clearing the level of $33 (~Rs 95000) and it is likely to touch the next psychological target of $35 (~Rs 100,000) very soon, before heading for a correction, added Renisha Chainani.

Silver Prices Today In India: Silver price in India recorded marginal rally. 1 kg silver prices today jumped by Rs 100 to Rs 1,01,100. 100 grams silver prices in India today rose by Rs 10 to Rs 10,110.

Spot Gold, Spot Silver Prices Today: Spot gold was little changed at $2,723.25 per ounce, as of 1:35 p.m. ET (1735 GMT), after touching a record $2,740.37 earlier in the session. U.S. gold futures ended 0.3% higher at $2,738.9. Spot silver jumped 0.6% to $33.85 per ounce after touching its highest since late-2012 earlier in the session, according to Reuters.

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

22k gold price in India today stayed steady, surged by Rs 20 on October 21, stayed stable on October 20, rose by Rs 40 on October 19, jumped by Rs 80 on October 18, rallied by Rs 20 on October 17, soared by Rs 45 on October 16, slipped by Rs 20 on October 15, fell by Rs 5 on October 14, and stayed unchanged on October 13.

1kg Silver price India movement in last 10-days

Silver price in India today jumped by Rs 100, rallied by Rs 1500 on October 21, steadied on October 20, surged by Rs 500 on October 19, gained by Rs 2000 on October 18, stayed steady on October 17, rose by Rs 100 on Oct 16, fell by Rs 100 on Oct 15, steadied on Oct 14 and Oct 13.

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

City	22 Carat Gold Price Per Gram
Gold Price Chennai Today	1 gram of 22 carat gold rate is Rs 7300
Yellow Metal Price Mumbai Today	1 gram of 22 carat gold price is Rs 7300
Gold Price Delhi Today	1 gram of 22 carat yellow metal price is Rs 7315
Gold Price Kolkata Today	1 gram of 22 carat of gold price is Rs 7300
Gold Price Kerala Today	1 gram of 22K gold prices is Rs 7300
Yellow Metal Price Bangalore Today	1 gram of 22 carat gold rate is Rs 7300
Gold Prices Hyderabad Today	1 gram of 22 carat gold rate is Rs 7300

According to Reuters, "we look for gold to reach to $2,900/oz over the next 12 months, supported by further rate cuts by the Fed," UBS analyst Giovanni Staunovo said.