Gold Rate Today In India: On October 04, gold prices in India were around Rs 77,700 per 10 grams. The price of 24-carat gold, known for its highest purity, on Friday jumped to Rs 77,710 per 10 grams. For jewellery buyers, 22-carat gold, which is more durable due to its alloy composition, was priced at Rs 71,250 per 10 grams.
Silver, on the other hand, was trading higher at Rs 95,000 per kilogram in India.
Gold Rate Today In India: Retail Gold Price On October 04
Check gold prices today in different cities on October 04, 2024; (In Rs 10/gram)
| City | 22 Carat Gold Rate Today | 24 Carat Gold Rate Today |
| Delhi | 71,250 | 77,710 |
| Mumbai | 71,100 | 77,560 |
| Ahmedabad | 71,150 | 77,610 |
| Chennai | 71,100 | 77,560 |
| Kolkata | 71,100 | 77,560 |
| Gurugram | 71,250 | 77,710 |
| Lucknow | 71,250 | 77,710 |
| Bengaluru | 71,100 | 77,560 |
| Jaipur | 71,250 | 77,710 |
| Patna | 71,150 | 77,610 |
| Bhubaneshwar | 71,100 | 77,560 |
| Hyderabad | 71,100 | 76,890 |
What Analysts Say?
“Gold and silver gained in the international markets as Israel’s aggression continued in Lebanon, with rising tensions amid Iran’s missile attacks. The potential for an Israeli assault on Iran’s oil infrastructure has also driven crude oil prices higher, with WTI crude testing $74 per barrel, which in turn supported precious metals. Global equity markets were mixed, enhancing the safe-haven appeal of gold and silver. However, a firm US dollar index and steady US 10-year bond yields, ahead of the upcoming jobs report, have capped gains in these metals,” Rahul Kalantri, vice-president (commodities), Mehta Equities.
Gold and silver are trading at fresh breakout levels internationally. Should gold hold above $2,680 per troy ounce and silver above $32.40 per troy ounce, further strength could be seen in the coming sessions, he added.
“Gold has support at $2,641-2,628, with resistance at $2,678-2,695. Silver’s support is at $31.82-31.68, with resistance at $32.25-32.42. In INR terms, gold has support at ₹75,350-74,970 and resistance at ₹75,850-76,050. Silver has support at ₹92,050-91,450, with resistance at ₹93,690-94,380,” Kalantri said.
In the international market, gold was trading 0.26 per cent higher at $2,663.5 an ounce in New York and silver was up by 0.47 per cent at $32.23 an ounce.
Retail Cost of Gold in India
What Is The Retail Price Of Gold Per Gram?
Gold price per gram is the cost of one gram of gold. It’s typically expressed in a specific currency (e.g., Indian Rupees). The price can fluctuate daily due to various factors, including economic conditions, geopolitical events, and supply and demand.
The retail price of gold in India, which represents the final cost per unit weight for consumers, is shaped by multiple factors beyond its intrinsic value.
Gold is deeply embedded in Indian culture, acting as a key investment and holding significant importance in traditional weddings and festivals.
As market conditions shift, investors and traders closely watch these trends. Stay tuned for more updates on this developing story.
