Gold value at the moment in India on October 26: India is the biggest importer of gold, which primarily caters to the demand of the jewelry business. (Representative picture)
Gold charge at the moment: In Ahmedabad, the present retail value for 10 grams of twenty-two-carat gold is Rs 56,850, and the quantity of 24-carat gold is accessible at Rs 62,010.
Gold Rate Today In India: As of October twenty sixth, there are observable variations within the retail costs of 10 grams of gold in several cities, with a mean round Rs 61,000. To present particulars, 10 grams of 24-carat gold is roughly Rs 61,960, and the same amount of 22-carat gold is valued at Rs 56,800. Additionally, the current charge for silver stands at Rs 75,100 per kilogram.
Retail gold charge in India: October 26
Delhi Gold RateÂ
In Delhi, prospects have to pay Rs 56,950 for 10 grams of twenty-two-carat gold and Rs 62,110 for the same amount of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail value for 10 grams of twenty-two-carat gold is Rs 56,850, and the corresponding quantity of 24-carat gold is accessible at Rs 62,010.
Chennai Gold RateÂ
In Chennai, the retail value for 10 grams of twenty-two-carat gold is Rs 57,000, and for the same amount of 24-carat gold, it’s Rs 62,200.
Check gold charges at the moment in several cities on October 26, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 56,800 | 61,960 |
| Gurugram | 56,950 | 62,110 |
| Kolkata | 56,800 | 61,960 |
| Lucknow | 56,950 | 62,110 |
| Bengaluru | 56,800 | 61,960 |
| Jaipur | 56,950 | 62,110 |
| Patna | 56,850 | 62,010 |
| Bhubaneshwar | 56,800 | 61,960 |
| Hyderabad | 56,800 | 61,960 |
Multi Commodity Exchange
As of October 26, gold futures expiring on December 05, 2023, have been being traded at Rs 60,980 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date have been priced at Rs 71,996.
The retail price of gold is the quantity at which it’s vended to customers inside the nation. This pricing is formed by numerous parts, encompassing the worldwide gold value, the Rupee’s worth, and the prices linked to labour and supplies employed within the manufacturing of gold jewelry.
Here are a number of components that may exert affect on the worth of gold:
Supply and Demand: The gold value is primarily decided by the dynamic interaction of provide and demand out there. An enhance in demand usually results in an increase in value, whereas a surplus within the provide of gold can drive costs down.
Global Economic Conditions: The broader international financial panorama additionally exerts a considerable affect on gold costs. During intervals of world financial instability or recession, traders typically flip to gold as a protected haven, inflicting its value to extend.
Political Instability: Furthermore, political instability can have a notable impact on gold costs. When there’s political turmoil or disaster in a major nation or area, traders might choose to safe their property by investing in gold as a hedge in opposition to uncertainty. This heightened demand can lead to an uptick within the value of gold.
Gold carries immense significance in India owing to its cultural significance, funding worth, and conventional position in weddings and festivals.
