New Delhi: Gold prices in India witnessed a decline on October 8, with 24-carat gold trading at Rs 77,440 per 10 grams. The price of 22-carat gold, a popular choice for jewelry enthusiasts, stood at Rs 70,990 per 10 grams. Silver, another precious metal, was priced at Rs 96,800 per kilogram.
For those looking to invest in gold, understanding the retail price per gram is crucial. The retail price represents the final cost per unit weight for consumers, influenced by factors beyond its intrinsic value. Gold holds significant cultural and economic importance in India, making it a sought-after investment option.
So, what drives gold prices in India? Economic conditions, geopolitical events, and supply and demand dynamics contribute to the fluctuations. As market conditions shift, investors and traders closely monitor these trends.
Gold Rates in Major Cities
| City | 22-Carat Gold | 24-Carat Gold |
| --- | --- | --- |
| Delhi | Rs 70,990/10g | Rs 77,440/10g |
| Mumbai | Rs 71,100/10g | Rs 77,550/10g |
| Kolkata | Rs 70,800/10g | Rs 77,300/10g |
| Chennai | Rs 71,200/10g | Rs 77,650/10g |
Stay informed about gold prices and market trends to make informed investment decisions. Check this space for regular updates on gold rates in India.