Gold Price Today: Gold rate jumps to all-time high at Rs 84,900 per 10g; check city-wise prices

Gold Price Today: Check city-wise gold rates

Gold prices surged to a record high of Rs 84,900 per 10 grams in the national capital on Friday, fueled by strong domestic demand and global market trends. According to the All India Sarafa Association, the price of 99.9% pure gold climbed by Rs 1,100 in a single session, marking the third consecutive day of gains. This rally has seen gold appreciate by Rs 5,510 or 7% since the beginning of the year when it was trading at Rs 79,390 per 10 grams.

Gold Prices Continue Upward Momentum

Gold of 99.5% purity also witnessed a sharp surge, rising by Rs 1,100 to reach Rs 84,500 per 10 grams. Meanwhile, silver prices followed suit, increasing by Rs 850 to settle at Rs 95,000 per kg.

Why is Gold Price Increasing?

• Global Gold Prices: Spot gold breached the $2,800 per ounce mark in international markets, boosting sentiment in the Indian market.
• Safe-Haven Demand: Renewed tariff threats by the US against Mexico, Canada, and China have pushed investors toward gold.
• Monetary Policies: Anticipated rate cuts by major central banks, including the European Central Bank, have supported gold’s bullish trend.
• Union Budget Anticipation: Market participants are awaiting India's 2025-26 Union Budget, which may influence duty structures and further impact gold prices.

Gold prices vary across cities due to factors like local demand, taxes, and transportation costs. Below is a city-wise comparison of gold prices for both 22K and 24K gold.