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The price of 24-karat gold stands at Rs 9,851 per gram throughout Delhi and Lucknow but it amounts to Rs 9,836 per gram in the cities of Mumbai, Kolkata, Chennai, and Hyderabad.
The current gold market in India sees new all-time highs due to investor purchases of this metallic commodity because of weakening US dollar values and heightened global political tensions related to US-China trade disputes.
Gold prices continue to rise because investors seek secure assets which has resulted in historical price highs.
Global Gold Prices Breach $3,450
The international gold market reached its highest level at $3,450 per ounce while breaking through the $80 uptick during one trading session. The spot gold price rose to reach $3,397.18 per ounce but finished at $3,393.49 per ounce. The precious metal futures crossed the significant $3,400 mark for the first time while witnessing roughly 2.4% market strength in daily trading. The precious metal maintains its support from global market uncertainties that persist in the current period.
Indian Gold Prices Close to Rs 1 Lakh Mark
Due to the Rs 1,650 price surge in Delhi the market value of gold neared Rs 1 lakh for every 10 grams. The market value for 99.9% pure gold exceeded Rs 99,800 per 10 grams during Monday’s trading after maintaining a previous closing rate of Rs 98,150 on the preceding day. The gold market value with 99.5% purity standards raised Rs 1,600 until it settled at Rs 99,300 for every 10 grams of gold. This marked an increase from its previous closing price of Rs 97,700.
During this year the Indian gold market experienced a 26.41% price increase to settle at Rs 20,850 per 10 grams. The analysts identify rising global market prices, a declining US dollar value and market investor activities as fundamental factors behind this marketplace increase.
City-Wise Gold Prices Across India:
Gold Price Today In Delhi
The cities of Delhi follow different market patterns as 24-karat gold sells for Rs 9,851 per gram and 22-karat gold retails at Rs 9,031 per gram. The price of 18-karat gold (999 gold) amounts to Rs 7,390 per gram.
Gold Price Today In Lucknow
The gold price in Lucknow matches the Delhi rate market. Both 24-karat and 22-karat and 18-karat gold sell at Rs 9,851 per gram, Rs 9,031 per gram and Rs 7,390 per gram respectively.
Gold Price Today In Mumbai
Mumbai residents can purchase 24-karat gold for Rs 9,836 per gram but they can find 22-karat gold at Rs 9,016 per gram. The price of 18-karat gold in the market stands at Rs 7,377 for each gram.
Gold Price Today In Kolkata
At present the gold price in Kolkata reaches 9,836 rupees for 24-karat pieces and 9,016 rupees for 22-karat items and 7,377 rupees for 18-karat pieces.
Gold Price Today In Chennai
Presently in Chennai the market price for 24-karat gold stands at Rs 9,836 per gram and 22-karat gold costs Rs 9,016 per gram. The price of 18-karat gold remains stable at Rs 7,461 per gram in every part of Chennai.
Gold Price Today In Hyderabad
The gold prices in Hyderabad mirror the trends of other metropolitan cities because 24-karat gold sells for Rs 9,836 per gram whereas 22-karat gold sells for Rs 9,016 and 18-karat gold sells for Rs 7,377 per gram.
Silver Prices Also on the Rise
During this time silver prices together with gold values rose substantially. The domestic silver market reached Rs 98,500 per kilogram during the trading day after it increased by Rs 500 relative to the previous session’s value of Rs 98,000. The spot silver prices in global trade increased by almost 1% to $32.85 per ounce when Asian market hours began.
Gold Futures Surge on MCX
Prices of Multi Commodity Exchange (MCX) June delivery gold futures surged to Rs 96,875 per 10 grams with a 1.7% increase of Rs 1,621. The rising gold futures reflects worldwide positive market sentiment.