The upward trend in gold prices continues across the country. On the morning of October 10, the price of 24-carat gold in the capital, Delhi, stands at ₹1,50,870 per 10 grams. In Mumbai, the rate is ₹1,50,720 per 10 grams. A day earlier, the price of 99.9% pure gold in Delhi's bullion market had risen by ₹1,900. Gold prices rallied as investor sentiment strengthened due to a decline in the dollar.

Domestic gold and silver prices are influenced by both local and global factors. In the international market, spot gold is trading at $4,194.36 per ounce. Over the past week, the global price of gold has strengthened by 1.3%.

Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, believes that gold prices may remain within a limited range in the near future, with a possibility of slight gains. However, he cautioned that a sudden spike in oil prices could exert pressure on gold prices.

Gold rates in major cities:

Gold price in Delhi: The price of 24-carat gold in Delhi is ₹1,50,870 per 10 grams. The rate for 22-carat gold is ₹1,38,310 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹1,38,160 per 10 grams, while the price of 24-carat gold is ₹1,50,720 per 10 grams.

Gold price in Chennai: The price of 24-carat gold is ₹1,50,720 per 10 grams. The rate for 22-carat gold is ₹1,38,160 per 10 grams. Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹1,50,720 per 10 grams, and the price of 22-carat gold is ₹1,38,160 per 10 grams.

City    Today's 22-carat gold rate (₹)    Today's 24-carat gold rate (₹)

Delhi               1,38,310                       1,50,870

Mumbai           1,38,160                       1,50,720

Ahmedabad    1,38,210                       1,50,770

Chennai         1,38,160                        1,50,720

Kolkata          1,38,160                        1,50,720

Hyderabad     1,38,160                        1,50,720

Jaipur            1,38,310                         1,50,870

Bhopal          1,38,210                           1,50,770

Lucknow        1,38,310                         1,50,870

Chandigarh    1,38,310                        1,50,870

Silver Price

There is a decline in the price of silver, another precious metal. On the morning of October 10, silver is priced at ₹2,34,900 per kilogram. A day earlier, a rise of ₹4,500 was recorded in silver prices in Delhi's bullion market. In January of this year, the price of silver had reached a record high of ₹4 lakh per kilogram. In the international market, the price of spot silver stands at $60.77 per ounce.

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