Dhanteras 2024 Gold Price: Before buying gold on Dhanteras, know the price of last year. The prices of 22 carat and 24 carat gold in Delhi and Mumbai were Rs 56,000 and Rs 61,090 per 10 grams.
Dhanteras 2024 Gold Price: Diwali festival is going to come after a few days. In such a situation, if you are planning to buy gold this Dhanteras. So definitely know its price. This year the price of gold is seeing a lot of rise. If we look at the price of gold on last year's Dhanteras, it was somewhat less. Gold prices in India also rose in the year 2023 amid increased demand in the spot market due to shopping. In the national capital Delhi, the prices of 22 carat and 24 carat gold were at Rs 56,000 and Rs 61,090 per 10 grams.
Talking about other cities, the price of 22 carat gold in Chennai was Rs 56,450 per 10 grams, while the price of 24 carat gold was Rs 61,580 per 10 grams. In Kolkata, Hyderabad, Bengaluru and Thiruvananthapuram, the price of 22 carat and 24 carat gold was Rs 56,000 and Rs 61,090 per 10 grams respectively, similar to Delhi and Mumbai.
Gold Price Today: Gold rises by Rs 550 to record high level
Currently, due to strong demand during festivals, gold rose by Rs 550 to a record high of Rs 79,900 per 10 grams in Delhi's bullion market on the last day of trading i.e. Friday. In the last trading session on Thursday, gold of 99.9 percent purity closed at Rs 79,350 per 10 grams. Market experts said that with the increase in customer purchases during festivals, the demand for precious metals in the domestic market reached record levels. Amidst the ongoing tension in West Asia and uncertainty due to the upcoming US presidential elections, investors are looking at gold as a safe investment option.
Gold Price Expert View: What is the opinion of experts regarding gold
Motilal Oswal Financial Services Ltd Senior Analyst (Commodity Research) Manav Modi said that the zinc market and gold prices on the domestic front reached record levels due to safe investment demand just a few weeks before the US presidential election. Also, the reduction in interest rates by the European Central Bank also helped in this.
Future Gold Price: Gold futures prices rise
On Friday, the price of gold rose by Rs 389 to Rs 77,496 per 10 grams in futures trading as speculators bought fresh deals amid strong spot demand. The futures price of gold had reached an all-time high of Rs 77,667 per 10 grams during the day's trading. The price of the contract for supply in December at the Multi Commodity Exchange rose by Rs 389 or 0.5 percent to Rs 77,496 per 10 grams. 14,973 lots were traded in it.
(Input PTI)
