The bullion market continues to experience heightened activity as gold and silver prices rise steadily. With the wedding season in full swing, demand for gold jewelry has surged, driving prices higher. On Thursday, November 21, gold prices marked their fourth consecutive day of increases, with the cost of 10 grams of gold rising by Rs 3,300.
Current Gold Prices Across Carats
In today’s market, 22-carat gold is priced at ₹7,145 per gram, while 24-carat gold is selling at ₹7,795 per gram. This upward trend extends to the futures market, reflecting strong demand.
City-Wise Gold Prices (Per Gram):
- New Delhi: 22-carat gold at ₹7,160; 24-carat gold at ₹7,810
- Bengaluru: 22-carat gold at ₹7,145; 24-carat gold at ₹7,795
- Jaipur: 22-carat gold at ₹7,160; 24-carat gold at ₹7,810
- Chennai: 22-carat gold at ₹7,145; 24-carat gold at ₹7,795
- Indore: 22-carat gold at ₹7,150; 24-carat gold at ₹7,800
Gold Prices Climb Higher
Gold has become significantly more expensive in recent weeks. As of today, the price for 10 grams of 22-carat gold has risen by Rs 300, standing at ₹71,600. Similarly, 24-carat gold has reached ₹78,100 for 10 grams, marking a Rs 330 increase. For larger purchases, 100 grams of 22-carat gold now costs ₹716,000, and 100 grams of 24-carat gold is priced at ₹781,000.
Even 18-carat gold has seen a rise, with its price climbing to ₹5,858 per gram, reflecting an increase of Rs 240.
Gold and Silver in the Futures Market
The upward trend extends to the futures market. Gold futures for December delivery are currently trading at ₹76,250 per 10 grams, a rise of approximately ₹230. Similarly, silver futures for December are trading at ₹90,630 per kilogram, reflecting a ₹550 increase.
Key Highlights:
- Gold prices have risen consistently for four days.
- Wedding season demand is driving strong growth in the bullion market.
- Futures market prices also show an upward trajectory for both gold and silver.
The rising prices highlight the importance of staying updated with current gold rates before making any purchases. The continued upward momentum suggests that the demand for gold remains robust, particularly during this festive and wedding season.
