Today, on Dhanteras (October 29), gold and silver prices have surged to record highs, marking a historic peak for the festive season. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold has risen by Rs 601, reaching an all-time high of Rs 78,846. This follows the previous rate of Rs 78,245 per 10 grams recorded just a day earlier.
Gold and Silver Prices on the Rise
Alongside gold, silver prices have also seen a notable increase. The price of silver has risen by ₹1,152 per kilogram, pushing it up to Rs 97,238 per kg from its earlier rate of Rs 96,086. However, silver had reached an even higher peak earlier in the month, achieving a record high of Rs 99,151 per kg on October 23.
Gold can reach up to 87 thousand by next Dhanteras
According to Anuj Gupta, Commodity and Currency Head of HDFC Securities, gold is getting support due to geopolitical tension and the beginning of the festive season. Due to this, there may be an increase in gold and silver in the coming days. By the end of this year, gold can cross Rs 79 thousand per 10 grams. At the same time, by next Dhanteras, gold can reach up to Rs 87 thousand per 10 grams.
City-wise Gold Prices: 4 Major Metros and Bhopal
Gold prices vary across Indian cities due to local demand, taxes, and logistical factors. Here’s a breakdown of current gold prices in four major metros and the city of Bhopal:
Delhi
22-carat gold: Rs 73,900 per 10 grams
24-carat gold: Rs 80,600 per 10 grams
Mumbai
22-carat gold: Rs 73,750 per 10 grams
24-carat gold: Rs 80,450 per 10 grams
Kolkata
22-carat gold: 73,750 per 10 grams
24-carat gold: 80,450 per 10 grams
Chennai
22-carat gold: 73,750 per 10 grams
24-carat gold: 80,450 per 10 grams
Bhopal
22-carat gold: Rs 73,800 per 10 grams
24-carat gold: Rs 80,500 per 10 grams
This steep rise in gold and silver prices on Dhanteras reflects ongoing global economic conditions and strong local demand during the festive season.
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