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Silver vs Gold price Today In India: Gold prices remained steady at Rs 82,400 per 10 grams in the national capital, while silver prices fell by Rs 1,500 per kg. On Wednesday, the precious metal rose by Rs 1,000 in Delhi to cross the Rs 82,000 per 10-gram mark for the first time. Gold of 99.5 percent purity also held steady at Rs 82,000 per 10 grams on Thursday - its all-time high. Silver, however, came under selling pressure and dropped below the Rs 1 lakh mark to Rs 99,500 per kg after five consecutive days of gains, according to the All India Sarafa Association. On Wednesday, it had closed at Rs 1.01 lakh per kg.
Meanwhile, gold for December delivery fell by Rs 308, or 0.39 percent, to Rs 79,428 per 10 grams in futures trading on the Multi Commodity Exchange (MCX). Silver contracts for December delivery fell by Rs 1,016, or 1.04 percent, to Rs 96,724 per kg on the exchange.
The price of 22-carat, 24-carat, 18-carat gold is as follows? (What is the Gold Price of today) | City-wise Gold Price (per 10 grams)
| City Name | 22 carat gold price | 24 carat gold rate | 18 carat (gold price in rupees) |
| Gold Rate in Chennai | ₹74410 | ₹ 81170 | ₹ 61310 |
| Gold Rate in Mumbai | ₹74410 | ₹ 81170 | ₹ 60880 |
| gold rate in delhi | ₹ 74560 | ₹ 81320 | ₹ 61010 |
| Gold Rate in Kolkata | ₹74410 | ₹ 81170 | ₹ 60880 |
| Gold Rate in Ahmedabad | ₹ 74460 | ₹ 81220 | ₹ 60930 |
| gold rate in jaipur | ₹ 74560 | ₹ 81320 | ₹ 61010 |
| gold rate in patna | ₹ 74460 | ₹ 81220 | ₹ 60930 |
| gold rate in lucknow | ₹ 74560 | ₹ 81320 | ₹ 61010 |
| Gold Rate in Ghaziabad | ₹ 74560 | ₹ 81320 | ₹ 61010 |
| Gold Rate in Noida | ₹ 74560 | ₹ 81320 | ₹ 61010 |
| Gold Rate in Ayodhya | ₹ 74560 | ₹ 81320 | ₹ 61010 |
| Gold Rate in Gurugram | ₹ 74560 | ₹ 81320 | ₹ 61010 |
| Gold Rate in Chandigarh | ₹ 74560 | ₹ 81320 | ₹ 61010 |
How to check the gold hallmark?
The hallmark number of all carats is different. For example, 24-carat has 999, 23-carat gold has 958, 22-carat has 916, 21-carat has 875, and 18 carats have 750. This leaves no doubt about the purity. Carat gold means 1/24 percent gold, if your jewelry is of 22 carats, then divide 22 by 24 and multiply it by 100.
Minor profit booking in gold prices
Jatin Trivedi, VP Research Analyst, Commodity & Currency, LKP Securities said, "Gold prices witnessed marginal profit booking as traders preferred to book profits from recent rallies ahead of key events on Friday - Non-Farm Payrolls (NFP) and Unemployment report."
Currently, gold is trading around Rs 79,400 on MCX and is facing resistance at Rs 79,600, while on Comex it is facing resistance near US$ 2,790 per ounce. Trivedi said that the US election next week is expected to be a decisive factor for the trend of gold, and market participants are closely monitoring its outcome for further direction.
In the international markets, gold futures on Comex were trading 0.36 percent lower at USD 2,790.80 per ounce.
"Gold is expected to trade volatile ahead of the US Nonfarm Payrolls and ISM Manufacturing reports to be released on Friday, which will guide the US Fed monetary policy interest path," Praveen Singh, Associate VP, Fundamental Currencies & Commodities at Sharekhan and BNP Paribas said.
Silver also fell 1.28 percent to USD 33.64 an ounce in the Asian market. "Going forward, market participants now await key US macroeconomic data, including the inflation and non-farm payrolls report, which could shed light on the pace of the US Federal Reserve's interest rate cuts.
"Recent data have indicated resilience of the US economy, fuelling the ongoing debate on the size of interest rate cuts for the remainder of the year," said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities.
According to Malabar Group Chairman MP Ahammed, this festive period has been very good for Malabar Gold & Diamonds as it recorded a turnover of Rs 3,484 crore this Diwali, up 30 percent from last year's Rs 2,680 crore.
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