Gold Prices Surge on Mahalaya Amavasya: Check Latest Rates In Your City

Gold prices have once again gained momentum after a brief decline, continuing their fluctuating trend in the market. With the festive and wedding season approaching, experts expect demand for gold to rise, which could keep prices at elevated levels in the coming days. Gold Prices Surge on Mahalaya Amavasya: Check Latest Rates In Your City.

Gold prices remained under pressure after January due to global geopolitical uncertainties. However, rates surged on August 24, reaching their highest level since March. Following that peak, gold prices entered a declining phase from the final week of August and continued to weaken throughout the week. The trend reversed on Friday, with gold witnessing a strong recovery in the market.

The recent increase in gold prices is linked to expectations regarding the US Federal Reserve’s interest rate decisions. Expectations of a rate hike by the Federal Reserve in October have weakened, which has impacted the value of the US dollar.

Today’s Gold Prices in Bengaluru:

24 Carat Gold:

Rs 15,142 per gram (up by Rs 71)

Rs 1,51,420 per 10 grams (up by Rs 710)

22 Carat Gold:

Rs 13,880 per gram (up by Rs 65)

Rs 1,38,800 per 10 grams (up by Rs 650)

18 Carat Gold:

Rs 11,357 per gram (up by Rs 54)

Rs 1,13,570 per 10 grams (up by Rs 540)

Today’s Gold Price in Major Indian Cities (24 Carat – 10 Grams):

Chennai: Rs 1,49,700 per 10 grams

Mumbai: Rs 1,49,570 per 10 grams

Delhi: Rs 1,49,700 per 10 grams

Kolkata: Rs 1,49,570 per 10 grams

Hyderabad: Rs 1,49,570 per 10 grams

Ahmedabad: Rs 1,49,600 per 10 grams

Pune: Rs 1,49,570 per 10 grams

Mangalore: Rs 1,49,570 per 10 grams

Mysuru: Rs 1,49,570 per 10 grams

In India, gold is not just a precious metal; it represents culture, tradition, and financial security. Gold jewellery holds a special place, especially among Indian women, and purchasing gold during weddings, festivals, birthdays, and other auspicious occasions is considered a long-standing tradition.

For many middle-class families, gold is viewed as both a savings option and an investment. Many people consider buying gold more secure than keeping money in a bank, as it can be used during emergencies by selling or pledging it.

Giving gold jewellery such as necklaces, bangles, and ornaments to daughters during weddings is also considered a matter of pride and is often seen as a symbol of social status.