Gold Price Today: Gold gets cheaper; 22-carat gold drops to ₹1,37,090 in Mumbai and Kolkata; silver prices also slip..

Gold prices in the country continue to decline. On the morning of October 8, rates softened in several cities. In the capital, Delhi, the price of 24-carat gold slipped to ₹1,49,690 per 10 grams. In Mumbai and Kolkata, the price stands at ₹1,49,560 per 10 grams. A day earlier, the price of 99.9% pure gold in Delhi's bullion market had dropped by ₹700, driven by a dip in domestic demand and a softening of global prices.

Meanwhile, the Reserve Bank of India's Monetary Policy Committee has raised the repo rate by 0.25 percent, bringing it to 5.50 percent. This marks the first hike in the key interest rate in four years. The central bank has also signaled further rate hikes ahead. In the international market, spot gold is showing an upward trend, with the price at $4,127.40 per ounce.

Gold rates in major cities:

Gold price in Delhi: The price of 24-carat gold in Delhi is ₹1,49,690 per 10 grams, while the rate for 22-carat gold is ₹1,37,240 per 10 grams.

Mumbai and Kolkata: In Mumbai and Kolkata, the price of 22-carat gold is ₹1,37,090 per 10 grams, and the price of 24-carat gold is ₹1,49,560 per 10 grams.

Gold price in Chennai: The price of 24-carat gold is ₹1,49,580 per 10 grams, and the rate for 22-carat gold is ₹1,37,110 per 10 grams.

Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹1,49,560 per 10 grams, and the price of 22-carat gold is ₹1,37,090 per 10 grams.

City    Today's Price for 22-Carat Gold (₹)    Today's Price for 24-Carat Gold (₹)
Delhi                137,240                                149,560
Mumbai           137,090                                149,170
Ahmedabad    137,140                                149,590
Chennai           137,110                               149,580
Kolkata            137,090                               149,560
Hyderabad      137,090                               149,560
Jaipur              137,240                               149,690
Bhopal            137,140                                149,590
Lucknow         137,240                                149,690
Chandigarh     137,240                                149,690

Silver Price

The decline in the price of silver, another precious metal, continues. On the morning of October 8, the price of silver in the country stands at ₹234,900 per kilogram. In January of this year, the price of silver had reached a record high of ₹4 lakh per kilogram. In the international market, the price of spot silver is $60.39 per ounce. Domestic prices of gold and silver are influenced by both domestic and global factors.

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