English
English
English
With both 22K and 24K gold rates inching up, are we on the brink of a new all-time high or just a temporary market spike? Here’s a detailed city-wise look at today’s prices and the forces driving the glittering rise.
Gold prices rise across India amid festive season.
New Delhi: Gold prices have witnessed a steady climb across major Indian cities today as global economic uncertainty and domestic festive demand push the precious metal higher. As of October 10 gold prices in India have continued their steady upward climb. The rate of 24-karat (pure) gold stands at Rs 12,416 per gram, marking a rise of Rs1 from the previous day, while 22-karat (jewellery grade) gold is priced at Rs11,381 per gram, also up by Rs 1.
This mild increase reflects ongoing strength in both domestic and international bullion markets, driven by firm global demand, festive season buying, and a slightly weaker rupee that has raised import costs.
In Delhi, 24-karat gold is retailing around Rs12,440 per gram, while 22-karat gold stands near Rs11,405 per gram. The capital continues to be one of India’s most active bullion markets, especially with wedding season approaching. Jewellers report brisk pre-booking activity even as rates hover near record levels.
Market experts attribute this rise to stronger international spot prices and the rupee’s marginal weakness against the U.S. dollar — both of which have inflated local costs.
Mumbai, Kolkata, Hyderabad also report rates above Rs12,400/g for 24Kgold.
In Mumbai, India’s financial hub, 24K gold is priced at Rs12,416 per gram, and 22K gold trades at Rs11,381 per gram — matching the national benchmark rates. The city’s bullion market has seen consistent upward movement since the start of October.
Traders at Zaveri Bazaar note that retail demand has been mixed: investors are rushing to buy small bars and coins, while jewellery buyers are cautious due to high making charges amid rising prices.
In Kolkata, 24K gold is currently available at Rs12,430 per gram, and 22K gold at Rs11,395 per gram. Local jewellers say festive sentiment and traditional buying have helped sustain demand even as prices remain elevated.
However, industry insiders mention that many small buyers are delaying large purchases, anticipating a potential short-term correction if international prices stabilize.
Gold Price Today: Rise of about 1 Rs per gram; Check October vs September rates in major cities
In Hyderabad, 24K gold trades close to Rs12,410 per gram, and 22K gold is priced near Rs11,380 per gram. The city — known for its heavy bridal and temple jewellery — has seen strong pre-festive buying, especially from retail customers investing in coins and small ornaments.
Dealers in the city’s old jewellery hubs report that while daily fluctuations are minor, overall sentiment remains bullish.
