As of October 2, 2024, the price of 24-carat gold saw a minor decline, slipping by Rs 10 in early trading. According to the GoodReturns website, ten grams of 24-carat gold are now trading at Rs 76,900. The price of 22-carat gold also decreased by Rs 10, resulting in a price of Rs 70,490 for ten grams.
City-Specific Gold Prices:
Delhi:
24-carat gold: Rs 77,050 for 10 grams
22-carat gold: Rs 70,640 for 10 grams
Bengaluru:
24-carat gold: Rs 76,900 for 10 grams
22-carat gold: Rs 70,490 for 10 grams
Chennai:
24-carat gold: Rs 67,900 for 10 grams
22-carat gold: Rs 70,490 for 10 grams
Mumbai, Kolkata, and Hyderabad:
Both cities saw 24-carat gold priced at Rs 76,900 for 10 grams and 22-carat gold at Rs 70,490 for 10 grams.
Silver Price Downtrend:
In the precious metals market, silver also witnessed a dip in price, now selling at Rs 94,900 per kilogram in Delhi, Kolkata, and Mumbai. However, Chennai reported a higher silver price at Rs 1,00,900 per kilogram.
Global Insights:
On the global front, US gold prices remained relatively flat as market participants await upcoming economic data for potential interest rate cuts. Spot gold edged slightly lower by 0.2%, trading at $2,658.07 per ounce. Meanwhile, spot silver dropped by 0.3% to $31.31 per ounce, platinum gained 0.4% to reach $989.49, and palladium rose by 0.61% to $1,000.75 per ounce.
