Gold Prices Cross Rs 1.56 Lakh Per 10 Grams (Img: X)
New Delhi: Gold prices have once again gained momentum in the Indian market. Despite minor fluctuations in global markets, domestic bullion prices are moving towards fresh highs.
According to the All India Sarafa Association, the price of 24-carat gold in Delhi has climbed to 1,56,000 rupees per 10 grams. Strong demand from jewellery manufacturers and retail buyers has supported the recent rise in gold prices.
The biggest factor behind the increase in gold prices is the weakness of the Indian rupee. The rupee closed at around 95.28 against the US dollar.
When the rupee weakens, importing gold becomes more expensive for India, which directly impacts domestic gold rates. Market experts believe that both global trends and currency movements are playing an important role in determining gold prices.
Gold futures on the Multi Commodity Exchange (MCX) also witnessed strength. Gold prices increased by 0.03% or 48 rupees, reaching 1,53,147 rupees per 10 grams, compared to the previous closing price of 1,53,099 rupees.
Meanwhile, in the international market, spot gold was trading lower at around 4,335 to 4,470 dollars per ounce amid global market fluctuations.
Gold prices in major cities of Uttar Pradesh are currently trading at around 1,52,120 rupees per 10 grams for 24-carat gold. In cities like Lucknow, Ayodhya, Kanpur, Meerut, Ghaziabad and Noida, the price of 22-carat gold is around 1,39,450 rupees, while 18-carat gold is available at around 1,14,130 rupees per 10 grams.
With festive seasons and wedding purchases increasing, jewellery markets across the state are witnessing strong customer activity.
In other major metropolitan cities:
Before purchasing gold, customers are advised to confirm the final price with local jewellers, including purity checks, making charges and applicable taxes.
