New Delhi: Amidst rising tensions in the Middle East, the rates of gold and silver in India continue to experience significant volatility. On Wednesday—the third day of the trading week—the price of 22-carat gold in the Indian bullion market rose by ₹300. Meanwhile, the price of 24-carat gold surged by ₹310, dealing a blow to consumer expectations.
However, gold prices have generally been on a downward trend over the past few days, offering some relief to consumers. If you are planning to buy gold, do not delay. We are providing city-wise gold rates to help clear up any confusion you may have.
Check Gold Rates in These Major Cities
In New Delhi, on Wednesday, the price of 22-carat gold rose by ₹300, reaching a total of ₹129,650 per 10 grams. As for 24-carat gold, following an increase of ₹310, the price stood at ₹136,130 per 10 grams. On the previous day, the price of 22-carat gold was ₹129,350, while the price of 24-carat gold was ₹135,820 per 10 grams.
In Mumbai, the capital of Maharashtra, the price of 22-carat gold rose by ₹300 to reach ₹129,150 per 10 grams. Here, the price of 24-carat gold increased by ₹320, trading at a total of ₹135,610 per 10 grams. On Tuesday, the price of 22-carat gold in Mumbai was recorded at ₹128,850, and the rate for 24-carat gold stood at ₹135,290 per 10 grams.
In Kolkata, the capital of West Bengal, the rate for 22-carat gold is being recorded at ₹130,150 per 10 grams—an increase of ₹300—while the rate for 24-carat gold has risen by ₹320 to reach a total of ₹136,660 per 10 grams. Just a day earlier, the price here was seen trending at ₹129,850 per tola for 22-carat gold and ₹136,660 per tola for 24-carat gold.
In Hyderabad, the capital of Telangana, the price of 22-carat gold rose by ₹500 to reach ₹130,000 per 10 grams, while the price of 24-carat gold climbed to a total of ₹136,500 per 10 grams following an increase of ₹520.
The previous day, the rate for 22-carat gold stood at ₹129,500 per tola, and the price for 24-carat gold was ₹135,980 per tola. In Lucknow, the capital of Uttar Pradesh, the price of 22-carat gold rose by ₹300 to reach ₹129,650 per tola, while the price of 24-carat gold settled at ₹136,130 per tola following an increase of ₹310.
Prolonged Volatility in Gold Prices
It is worth noting that the Indian bullion market has been experiencing a phase of price instability for both gold and silver since before Diwali. This has caused considerable disappointment among customers. However, if you are planning to buy gold, now presents an excellent opportunity. The reason is that such opportunities do not come around very often; currently, gold is trading at a significantly lower price—and is therefore much more affordable—compared to the rates seen during Diwali.
