Gold prices in India's major cities like Bangalore, Kolkata, Mumbai, Chennai, and Delhi, jumped by up to Rs 2,700 in a single day during the occasion of Durga Puja, Dussehra on Saturday, October 12, 2024. The cheapest gold to buy is of Rs 5,826, while the most expensive gold is priced at Rs 7,78,200 in these metro cities.
Gold Prices In Bangalore:
24K gold prices surged by Rs 2,700 to Rs 7,76,700 in 100 grams on Saturday, October 12, while prices were up by Rs 270 in 10 grams at Rs 77,670. Also, 8 grams price were up by Rs 216 to Rs 62,136, and 1 gram price up by Rs 27 to Rs 7,767.
22K gold prices in 100 grams surged by Rs 2,500 to Rs 7,12,000, while 10 grams price is up by Rs 250 to Rs 71,200. Also, 8 grams of 22K is available at Rs 56,960 up by Rs 200, and 1 gram up by Rs 25 to Rs 7,120.
Further, 18K gold price climbed by Rs 2,100 to Rs 5,82,600 in 100 grams, followed by a surge of Rs 210 in 10 grams to Rs 58,260 and an upside of Rs 168 to Rs 46,608 in 8 grams. The cheapest gold is Rs 5,826 in 1 gram of 18K, up by Rs 21 on Saturday.
Gold Prices In Mumbai:
Gold prices are similar in the Indian financial hub, Mumbai. 24K/10 grams is available at Rs 77,670, while the cheapest gold is at RS 5,826 in 18/1 grams. Also, the 22K price is at Rs 71,200 in 10 grams.
Other rates are also similar.
Gold Prices In Kolkata:
Here as well, in Kolkata where Durga Puja will take extensively in the parts of the city, gold prices were at Rs 77,670 for 10 grams of 24K, and at Rs 71,200 and Rs 58,260 per 10 grams for 22K and 18K.
Rates were similar in the other grams of this carat.
These prices were also similar in Chennai, Kerala, Hyderabad, and Pune.
Gold Prices In Delhi:
Although gold surged by Rs 27 to Rs 2,700 in 24K, the prices were much higher in Delhi. 100 grams of gold in 24K is available at Rs 7,78,200 up by Rs 2,700 in Delhi, higher compared to the above-mentioned cities. 10 grams of 24K jumped by Rs 270 to Rs 77,820, 8 grams up by Rs 216 to Rs 62,256, and 1 gram price at Rs 7,782 up by 27%.
Moreover, 22K gold prices were at Rs 7,13,500 in 100 grams, up by Rs 2,500 on October 12. Further, 22K gold is up by Rs 250 in 10 grams to Rs 71,350, 8 grams price surged by Rs 200 to Rs 57,080, and 1 gram price edged up by Rs 25 to Rs 7,135.
Also, in 18K, the gold price jumped by Rs 2,100 to Rs 5,83,800 in 100 grams, soared by Rs 210 in 10 grams to Rs 58,380, surged by Rs 168 to Rs 46,704 in 8 grams and lastly was up by Rs 21 to Rs 5,838 in 1 gram.
Silver Prices In These Cities:
In India, silver prices jumped by a whopping Rs 1,000 in a single-day to Rs 97,000. However, the price was up to Rs 1,03,000 per 1Kg in Chennai, Hyderabad, and Kerala.
1 kg silver price is at Rs 97,000 in cities like Mumbai, Delhi, Kolkata, Pune, and Ahmedabad. However, in Bangalore, the price of silver is Rs 84,900 per 1kg.
As per a Reuters report, physical gold dealers in India charged premiums for the first time in two months this week as the upcoming festival season attracted some jewellery buying, while weak consumer sentiment dampened demand in China post-holidays.
The report added Indians will celebrate Dussehra festival on Oct. 12, and Diwali in late October, when buying gold is considered auspicious.
Vijayadashami, more commonly known as Dussehra, and also known as Dasara or Dashain, is a major Hindu festival celebrated every year at the end of Durga Puja and Navaratri. It is observed on the tenth day of the month of Ashvin, the seventh in the Hindu lunisolar calendar. The festival typically falls in the Gregorian calendar months of September and October, as per Wikipedia.
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