Gold Prices Surge by ₹2,860 in a Week; Check Latest Rates
Gold prices across India have seen a significant increase with a notable surge of ₹2,860 in a week. These fluctuations impact investment decisions and jewelry purchasing, making it important for consumers to keep updated on regional rates.
Highlights
- •24-carat gold price jump by ₹2,860 over one week
- •Highest international spot price of $4,591.52 per ounce
- •Regional differences: varying prices in major cities like Delhi and Mumbai
- •Futures market reached an all-time high on January 29
Gold prices in India have experienced a significant upward trend over the past week, highlighting a surge of ₹2,860 for 24-carat gold. This increase reflects a broader market fluctuation, with other carats also seeing notable rises: ₹2,600 for 22-carat and $4,591.52 per ounce in the international markets.
Market Overview
The Indian Bullion and Jewellers Association (IBJA) reported that as of Thursday's market closing, 24-carat gold stood at ₹146,608 per 10 grams. Meanwhile, the futures market saw an impressive all-time high on January 29, marking a spot price of ₹180,779.
This surge is not confined to one state; it spans across several major cities with varying rates:
- Delhi: Prices of 24-carat gold and 22-carat gold are ₹151,080 and ₹138,500 per 10 grams respectively.
- Mumbai: The price for 24-carat is ₹150,930 and 22-carat stands at ₹138,350 per 10 grams.
- Kolkata: Similar rates apply with 24-carat gold priced at ₹150,930 and 22-carat at ₹138,350 per 10 grams.
- Chennai: Here, the highest rate is for 24-carat gold at ₹152,180, while 22-carat stands at ₹139,500 per 10 grams.
In smaller cities like Pune, 24-carat gold is ₹150,930 and 22-carat at ₹138,350. Similarly, in more northern centers such as Lucknow (₹151,080 for 24-carat) and Chandigarh with rates matching those of Jaipur, the overall trend is clear.
