Mumbai, September 25: The price of gold hit a record high on Wednesday, September 25, as it climbed INR 10 in early trade, with ten grams of the 24-karat precious metal trading at INR 76,370. The price of 22-carat gold rose INR 10, with ten grams of the yellow metal selling at Rs 70,010. The price of silver declined by INR 100, with one kilogram of the precious metal selling at INR 92,800.

Gold is symbolically significant as it is deeply embedded in Indian culture. It acts as a key investment and is highly important in traditional weddings and festivals. Despite the high prices, Indians buy gold on festivals and other auspicious days. Scroll down to check the latest prices of Gold in Mumbai, Delhi, Chennai, Bengaluru and other Indian metro cities. Gold Rallies Rs 600 to Rs 76,950 Per 10 Gm.

Check Prices of Gold in Indian Metro Cities on September 25

City 22 Carat Gold Rate on September 25 24 Carat Gold Rate on September 25
Delhi INR 70,160 INR 76,520
Mumbai INR 70,010 INR 76,370
Ahmedabad INR 70,060 INR 76,420
Chennai INR 70,010 INR 76,370
Kolkata INR 70,010 INR 76,370
Gurugram INR 70,160 INR 76,520
Lucknow INR 70,160 INR 76,520
Bengaluru INR 70,010 INR 76,370
Jaipur INR 70,160 INR 76,520
Patna INR 70,060 INR 76,420
Bhubaneshwar INR 70,010 INR 76,370
Hyderabad INR 70,010 INR 76,370

The price of gold per gram, typically expressed in Indian Rupees, fluctuates daily, influenced by various factors, including economic conditions, geopolitical events, and the dynamics of supply and demand. Stock Market Today: Nifty, Sensex Open Flat but Experts Believe Markets Are Still in Bull Mode.

In India, the retail price of gold, which is the final cost per unit weight for consumers, is determined by more than just its intrinsic value. Various elements such as import duties, local taxes, and market premiums also play a significant role in shaping the retail price. As a result, consumers often see variations in gold prices that reflect these additional costs. The price of gold varies for different regions in the country based on certain parameters such as the excise duty, making charges and the state taxes.

(The above story first appeared on LatestLY on Sep 25, 2024 11:49 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).