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Gold prices are on the rise in Delhi‑NCR, with 24-karat gold nearing Rs 1,11,223 per 10 grams. Want to know how much gold costs today in Uttar Pradesh, Gujarat, and other major cities? Find out here!
Gold price on October 5
New Delhi: Gold prices in the Delhi-NCR market continue to hover at elevated levels amid global economic uncertainty, cautious investor sentiment, and ongoing demand from the festive season. As per the traders 24-karat gold is exchanging at approximately Rs 1,11,223 per 10 grams in Delhi, while 22-karat is around Rs 1,01,963 per 10 grams.
The market has seen modest upward pressure today, driven by a weaker rupee, safe-haven demand, and expectations of continued support from global factors. Analysts note that the international gold price is also trending higher, reinforcing domestic momentum.
Gold and Silver Prices show mixed trends amid festive demand and global fluctuations
In Delhi and adjoining cities like Noida, prices for 22-karat gold are being offered at Rs 90,888 for 10 grams. The spread between 24K and 22K often reflects local premiums and demand dynamics.
In Uttar Pradesh, gold rates remain slightly lower in comparison to Delhi, though the differential is narrowing due to rising transportation and local premium costs. In Lucknow, 24-karat gold is fetching around Rs 10,090 per gram, while 22-karat stands at Rs 9,250 per gram.
Traders in other cities such as Kanpur report 22-karat rates near Rs 9,310 per gram, signaling a climb from previous days. wertyu0With the onset of festival buying, jewelers say that while demand for heavy jewellery has cooled, smaller coins and lightweight pieces are still being purchased.
The gold markets in Gujarat are witnessing some of the steepest price rises across the country. In Ahmedabad, 24-karat gold is being quoted at Rs 11,929 per gram, and 22-karat at Rs 10,935 per gram.
Retail jewellers in Ahmedabad confirm that these are all-time highs, leading many buyers to delay or scale down purchases.
UP Gold Rate Today: Gold and Silver prices soar over Rs 3,000 in a week during Navratri
Several factors play key role-
Global cues: Rising inflation expectations in the US, dovish interest rate hopes, and geopolitical tensions are bolstering gold’s safe-haven appeal.
Weaker rupee: Declines in the rupee make gold imports costlier, which translates into higher domestic rates.
Festival demand: Although demand for heavy jewellery is subdued, the October-November window still sees interest in gold especially in coin and small jewellery segments.
Investor shift: As price levels surge, many buyers are moving toward gold ETFs, digital gold, or smaller units to maintain liquidity and flexibility.
