Gold value as we speak in India on October 6: India is the most important importer of gold, which primarily caters to the demand of the jewelry trade. (Representative picture)
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Rise Or Fall? Gold Rate Today In India: Check Price Trends In Your City On October 19 – News18
Gold Rate Today In India: As of October 19, there are noticeable fluctuations within the retail charges of 10 grams of gold throughout varied cities, averaging round Rs 60,000. To delve into specifics, 10 grams of 24-carat gold is listed at roughly Rs 60,500, whereas an equal amount of 22-carat gold is priced at Rs 55,460. Furthermore, the present value of silver is Rs 74,600 per kilogram.
October 19 retail gold price in India
Delhi Gold RateÂ
In Delhi, clients have to pay Rs 55,610 for 10 grams of twenty-two-carat gold and Rs 60,650 for an identical quantity of 24-carat gold.
Ahmedabad Gold RateÂ
In Ahmedabad, the present retail value for 10 grams of twenty-two-carat gold is Rs 55,510, and the corresponding quantity of 24-carat gold is out there at Rs 60,550.
Chennai Gold RateÂ
In Chennai, the retail value for 10 grams of twenty-two-carat gold is Rs 55,660, and for an identical quantity of 24-carat gold, it’s Rs 60,720.
Check gold charges as we speak in several cities on October 19, 2023; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Mumbai | 55,460 | 60,500 |
| Gurugram | 55,610 | 60,650 |
| Kolkata | 55,460 | 60,500 |
| Lucknow | 55,610 | 60,650 |
| Bengaluru | 55,460 | 60,500 |
| Jaipur | 55,610 | 60,650 |
| Patna | 55,510 | 60,550 |
| Bhubaneshwar | 55,460 | 60,500 |
| Hyderabad | 55,460 | 60,500 |
Multi Commodity Exchange
As of October 19, gold futures expiring on December 05, 2023, have been being traded at Rs 59,857 on the Multi Commodity Exchange. Conversely, silver futures with the identical maturity date have been priced at Rs 71,630.
The retail value of gold represents the sum at which it’s offered to customers throughout the nation. This pricing is influenced by varied elements, together with the worldwide gold value, the worth of the Rupee, and the bills related to labour and supplies utilized in crafting gold jewellery.
Here are a number of elements 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 available in the market. An improve 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 world financial panorama additionally exerts a considerable influence on gold costs. During durations of world financial instability or recession, buyers usually 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, buyers could decide to safe their property by investing in gold as a hedge in opposition to uncertainty. This heightened demand may end up in 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.
