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Gold prices have surged to new highs across major Indian cities, extending their seven-day rally. Today, the price of 24-carat gold per gram is Rs 10,610, marking a slight increase of Rs 1 compared to yesterday’s Rs 10,609.
Investors are closely monitoring Gold Prices in Mumbai amid global market fluctuations. This upward trend is driven by increasing global trade tensions and the weakening Indian Rupee, both of which are fueling substantial demand for gold.
Gold prices have surged amid global economic uncertainty, particularly with the rise in trade tensions. As global markets experience volatility, investors are turning to gold as a safe-haven asset, driving prices to record levels. Many buyers prefer tracking the 22K Gold Rate for everyday jewelry purchases.
Additionally, the weakened Rupee has increased the price of gold in India, boosting its demand. This increase follows a week-long rally, with the price surpassing Rs 1,06,000 per 10 grams, as investors remain concerned about economic instability and inflation. Affordable options are available with the current 18K Gold Price in local markets.
Gold prices have reached record highs in many major Indian cities. In Mumbai, the price for 24-carat gold is Rs 10,610 per gram, for 8 grams it is Rs 84,880, and for 10 grams it is Rs 1,06100. Jewelers update the 24K Gold Rate Today to reflect real-time market conditions. 100 grams of 24-carat gold costs Rs 10,61,000.
In New Delhi, 24-carat gold is priced at Rs 10,582 per gram, with 8 grams costing Rs 84,656 and 10 grams priced at Rs 1,05,820. Bengaluru has seen a rise to Rs 10,605 per gram, while Kolkata records Rs 10,590 per gram.
In Chennai, gold remains the most expensive, with 24-carat gold priced at Rs 10,631 per gram. The price for 8 grams of 24-carat gold is Rs 85,048, and for 10 grams, it’s Rs 1,06,310. The 100-gram price in Chennai is Rs 10,63,100.
The 22-carat gold costs marginally less. In Mumbai, the price for one gram of 22-carat gold is Rs 9,726. The price for 10 grams is Rs 97,260, and for 100 grams, it is Rs 9,72,600. In Delhi, the price of 22-carat gold per gram is Rs 9,710, and in Bengaluru, the price for one gram is Rs 9,725.
Also Read: Gold Price Today: Prices Hit Record Highs Amid Fed Rate Cut Hopes and Tariff Concerns
Globally, the spot price of gold has reached a new peak of $3,542 per ounce, as noted by the World Gold Council. This rise is driven by global trade uncertainties, impacting prices in India. Overall, gold continues to perform well and is a strong safe-haven investment.
As global trade tensions persist and the Rupee weakens, analysts expect gold to continue performing well. Due to uncertainty, investors are likely to seek stability in gold, which will keep prices high. Staying informed about the overall Gold Rate helps consumers and traders make better decisions. Overall, gold prices in India have hit record highs, making gold a safe investment in these volatile times.
