New Delhi: Gold prices have risen again today, with 24K gold reaching Rs 12,958 per gram, 22K gold at Rs 11,879, and 18K gold priced at Rs 9,722 per gram. The uptick comes as India enters peak festive buying season, with Dhanteras and Diwali around the corner.
The global bullion market remains strong amid geopolitical tensions, while expectations of a U.S. rate cut and a weaker rupee are pushing domestic prices upward. The continued momentum suggests bullish investor sentiment and strong seasonal demand — a trend that could persist well into November.
Gold Rate in Delhi NCR Today
- 24K gold: Rs 12,958 per gram
- 22K gold: Rs 11,879 per gram
- 18K gold: Rs 9,722 per gram
Delhi NCR is seeing high footfalls in jewellery showrooms as buyers rush to purchase before further hikes. Prices have steadily increased over the past few weeks, and many retailers are advising early buying.
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Gold Rate in Lucknow Today
- 24K gold: Rs 12,555 per gram
- 22K gold: Rs 11,510 per gram
- 18K gold: Rs 9,420 per gram
Lucknow continues to follow the national uptrend, with prices seeing a steady rise due to both festival and wedding season demand. Jewellers report limited discounts and increasing pre-bookings for Dhanteras.
Gold Rate in Ahmedabad Today
- 24K gold: Rs 12,545 per gram
- 22K gold: Rs 10,984 per gram
- 18K gold: Rs 8,987 per gram
Ahmedabad’s market remains strong with buyers locking in current rates before further increases. Prices have jumped by over Rs 400 per gram in the last two weeks alone.
The Uptrend Continues
Over the past month, gold prices have consistently climbed across India. In Delhi NCR, for instance, 24K gold was priced around Rs 12,550 per gram in early October and has now touched Rs 12,958 — a rise of over Rs 400. This climb is primarily driven by global safe-haven buying, a weak rupee, and seasonal domestic demand.
Forecast: What Could Happen in November?
Looking ahead, many analysts believe gold prices could test the Rs 1.30 lakh mark for 10 grams of 24K gold in the coming weeks. A combination of geopolitical risk, potential rate cuts by the U.S. Fed, and sustained festive demand in India could fuel this rally.
However, any sharp recovery in the rupee or easing of global tensions may lead to short-term corrections.
Planning to Buy Gold? Watch These Key Factors
Before making a gold purchase, keep the following in mind:
- Purity: Choose BIS-hallmarked jewellery (22K = 916 purity)
- Compare Making Charges: These vary widely and add to your total cost
- Buy on Dips: Keep an eye on intraday rate drops for better deals
- Check Gold Buyback Policies: Essential for resale or exchange
- Avoid Impulse Buys: Festive rush often leads to premium pricing
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