Today’s gold prices in India touched an all-time high at ₹75,804 per 10 grams as a gain of ₹507 was noted in firm market conditions due to good demand. “It’s a combination of speculators opening fresh positions and the market being in the festive season,” a dealer at Religare Commodities said.
Futures on the Multi Commodity Exchange ended at ₹75,804 per 10 grams in the next lot compared with ₹75,297 on Thursday, while prices of gold shot up by ₹507 to ₹75,304 in the day session. Gold futures rose 0.54 per cent to $2,643 per ounce at the international platform. The prices rose following a frenzy of fluctuations in the past week. The metal had surged by ₹2,300 in the last two days.
- Today’s gold prices in India for 24-carat is available at ₹76,790 and 22-carat at ₹70,400 for 10 grams. For those who want to take home lesser-carat gold, here are the latest rates:
- 23-carat: ₹74,538
- 18-carat: ₹56,129
- 14-carat: ₹43,780 per 10 grams
This is the last day of Navratri in India as Dussehra and the festive season near its end.
Demand for gold increases at this time, making it a golden period both for the buyers and sellers. The silver prices have dropped by ₹3,000. Notably, the silver can now be ₹93,900 per kilogram.
The silver has been weak for the second straight day as well on October 8 and 9. If you are purchasing gold, quality is a big aspect. One should look for hallmark stamps to check their quality.
- 24-carat: 999
- 22-carat: 916
- 18-carat: 750
Apart from today’s gold prices in India, the overall recent rate remains highly volatile, driven by international as well as domestic trends. Consumers may want to keep a close eye on market trends in order to catch the best deals when they are deeper into the festive season.
Also, see: Festive season loads: Gold prices in India significantly increases
