whatsapp
For the best experience, open
https://m.news24online.com
on your mobile browser.
Advertisement

Gold Prices Remain Steady Above 76,000 Mark; Check Rates In Your City!

Gold Price today (22 carat) in Delhi was quoted at Rs 70,160 per 10 gram. While, Gold Price today (22 carat) in Chennai was quoted to be at Rs 70,010 per 10 gram.
08:31 AM Sep 25, 2024 IST | News24 Desk
gold prices remain steady above 76 000 mark  check rates in your city
Photo Credit: depositphotos

New Delhi: Gold price today in India (22 carat) increased to Rs 70,010 per 10 gram (gm) as quoted by “Good Returns .” While, 24 carat gold price today was quoted at Rs 76,370 per 10 gm. As far as 18 carat gold  is concerned, its prices traded at Rs 57,280 per 10 gm.  Silver price today traded in negative territory down Rs 100 per kg to Rs 92,800 per kg.

Advertisement

MCX Gold & Silver Rate

Albeit in futures trade,  silver contracts were buoyant on Tuesday. While, gold contracts for October delivery was up at Rs 75,049 per 10 gm on the Multi Commodity Exchange (MCX). Silver contracts for December delivery was 0.18% and traded at Rs 92,560 per 1 kg.

Gold and Silver Prices today in different cities in India:

CityGold Price (22 carat in Rs/gm)Silver Price (Rs/kg)
Delhi70,16092,900
Mumbai70,01092,800
Bengaluru70,01087,100
Chennai70,01097,900
Pune70,01092,800
Ahmadabad70,06092,900
Kolkata70,01092,800
Hyderabad70,01097,900
Source: Good Returns

Gold Price Increase Reason

Gold Price Increase Reasons are the following:

Advertisement

  1. Fed’s rate cut

      Last week, the US Central Bank, Federal Reserve cut its benchmark interest rate by 50 basis points to 4.75%-5.00% for the first time in last four years. Slashing of rates is considered positive for the yellow metal. Consequently, gold prices have only increased since then.

      2. Geopolitical tensions

      Advertisement

        Ongoing war in the middle east and Russia’s invasion of Ukraine has also played its part in gold price surge globally. The oldest commodity known to mankind is perceived by the people as safe haven to invest during such uncertainties. Everytime there has been economic uncertainties or war, people have chosen to invest in the precious metal leading to surge in its prices. The same thing is happening currently with the yellow metal.

        Open in App
        Advertisement
        Tags :
        Advertisement
        tlbr_img1 World tlbr_img2 Trending tlbr_img3 Entertainment tlbr_img4 Live TV