Mumbai, October 24: The prices of gold and silver have been on the rise in the past few weeks, all thanks to the wedding and festive season. According to a report in PTI on Wednesday, October 23, the price of yellow metal increased by INR 500 on Wednesday, thus taking gold to an all-time high of INR 81,500 per 10 grams, with silver surging INR 1,000 to INR 1.02 lakh per kg. It must be noted that the prices of gold of 99.9 per cent and 99.5 per cent purity rose by INR 500 each to INR 81,500 per 10 grams and INR 81,100 per 10 grams, respectively.

It must be noted that gold prices have increased by INR 2,850 per 10 grams since October 16. The continuous rise in yellow metal prices is due to the high demand from Indian consumers amid the ongoing festivals across the country. As of today, October 24, the price of gold in India is INR 7,341 per gram for 22-karat gold and INR 8,008 per gram for 24-karat gold, which is also called 999 gold, reports Good Returns. Gold, Silver Rate Today, October 23, 2024: Yellow Metal, Silver Hit New Lifetime Highs on Wedding Season Demand; Check Latest Prices.

Meanwhile, the price of silver is INR 96.90 per gram and INR 96,900 per kilogram. On the other hand, silver is priced at INR 104.10 per gram and INR 1,04,100 per kilogram. Scroll below to know the prices of gold in major metro cities across the country.

Check Prices of Gold (Per Gram) in Metro Cities Today

City 22 Carat Gold Rate on October 24 24 Carat Gold Rate on October 24
Delhi INR 7,356 INR 8,008
Mumbai INR 7,341 INR 8,008
Ahmedabad INR 7,346 INR 8,013
Chennai INR 7,341 INR 8,008
Kolkata INR 7,341 INR 8,008
Gurugram INR 7,356 INR 8,023
Lucknow INR 7,356 INR 8,023
Bengaluru INR 7.341 INR 8,008
Jaipur INR 7,356 INR 8,023
Patna INR 7,346 INR 8,013
Bhubaneshwar INR 7,341 INR 8,008
Hyderabad INR 7,341 INR 8,008

Although gold prices have been on the rise, the increase in rates of yellow metal has not deterred Indian consumers from buying the precious metal. Continuing to hold symbolic significance, gold has been one of the most important forms of investment for people nationwide. The upcoming Diwali week, especially Dhanteras could lead to a significant rise in gold prices in the coming days.

(The above story first appeared on LatestLY on Oct 24, 2024 09:01 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).