Today, on Wednesday, the price of 24 carat gold is witnessing a surge and is trading above Rs 60,000 in most major Indian cities. As of August 2, the rate of 10 grams of 24 carat gold in Delhi is Rs 60,570, and for 22 carat gold, it stands at Rs 55,550. The price of silver remains steady at Rs 78,000.
In Noida, the rate for 22 carat gold per 10 grams is Rs 55,500, while for 24 carat, it is Rs 60,570. Similarly, in Agra, the price for 22 carat gold is Rs 55,500 per 10 grams, and for 24 carat, it is Rs 60,460.
Gold Price Surge: 24 Carat Gold Trading Above Rs 60,000 in Major Indian Cities
Moving to Patna, the price for 22 carat gold is Rs 55,450 per 10 grams, and for 24 carat, it is Rs 60,490. In Ahmedabad, Gujarat, the retail price for 22 carat gold stands at Rs 55,450, while 24 carat gold is priced at Rs 60,490 per 10 grams.
In Chennai, the rate for 22 carat gold per 10 grams is Rs 55,700, and the retail price of 24 carat gold in Tamil Nadu’s capital is Rs 60,760 per 10 grams.
City-wise Gold Rates: Delhi, Noida, Agra, Patna, Ahmedabad, Chennai
Gold prices are influenced by various factors, primarily the demand and supply dynamics in the market. An increase in demand for gold results in higher rates, while a rise in supply leads to lower prices. Additionally, global economic conditions play a significant role in determining gold prices. During times of economic uncertainty, investors often turn to gold as a safe haven, driving up its price.
