Gold Price Today: Gold gets cheaper on the second day of Navratri; here are the rates from Delhi to Chennai..

On the second day of Navratri, gold prices in the country have seen a decline. On the morning of October 12, the price of 24-carat gold in the capital, Delhi, stood at ₹1,51,560 per 10 grams. In Mumbai, the rate is ₹1,51,410 per 10 grams. Over the past week, the price of 24-carat gold rose by up to ₹2,240 across various cities, while the rate for 22-carat gold increased by up to ₹2,050.

Domestic gold and silver prices are influenced by both local and global factors. In the international market, spot gold is trading at $4,200.23 per ounce. Last week, the global price of gold strengthened by 1.3 percent.

Gold rates in major cities:

Delhi: The price of 24-carat gold is ₹1,51,560 per 10 grams, and the rate for 22-carat gold is ₹1,38,940 per 10 grams.

Mumbai and Kolkata: In these cities, the price of 22-carat gold is ₹1,38,790 per 10 grams, while 24-carat gold is priced at ₹1,51,410 per 10 grams.

Chennai: The price of 24-carat gold is ₹1,51,410 per 10 grams, and the rate for 22-carat gold is ₹1,38,790 per 10 grams.

Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹1,51,410 per 10 grams, and the price of 22-carat gold is ₹1,38,790 per 10 grams.

City    Today's Price for 22-Carat Gold (₹)    Today's Price for 24-Carat Gold (₹)
Delhi                138,940                                    151,560
Mumbai            138,790                                   151,410
Ahmedabad     138,840                                    151,460
Chennai           138,790                                    151,410
Kolkata            138,790                                   151,410
Hyderabad      138,790                                 151,410
Jaipur             138,940                                 151,560
Bhopal           138,840                                 151,460
Lucknow         138,940                               151,560
Chandigarh    138,940                               151,560

Praveen Singh, Head of Commodity Research at Mirae Asset Sharekhan, believes that gold prices may remain within a limited range in the near future, with a potential for a slight upward trend. However, he cautioned that a sudden surge in oil prices could exert pressure on gold prices.

Silver Price

The price of silver, another precious metal, has also seen a decline. On the morning of October 12, silver is trading at ₹239,900 per kilogram. Last week, the price of silver had risen by ₹5,000. In the international market, the price of spot silver stands at $61.08 per ounce.