gold price jump: The gold prices in the national capital rose by Rs 980 on Tuesday to Rs 51,718 for 10 grams amid Gold price and silver price jump on the international market. Dussehra Festival: Gold price jump, silver up Rs 3,790. Supply, demand, and investor behaviour all play a role in determining the price of gold. However, expectations of future supply and demand are taken into account when calculating current gold prices.
In Bengaluru, the standard gold (99.5 purity) traded at Rs 51,950 per 10 grams while the gold ornaments were priced at Rs 4780 per ten grams. In Mumbai, the standard gold (99.5 purity) was priced at Rs 50,185 while the pure gold (99.9 purity) was priced at Rs 50,387. In the previous trade, the yellow metal had surged to Rs 50,521 per 10 grams. Silver prices also rallied by Rs 1,010 to Rs 58,039 per kg.
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Gold rates city-wise today, October 4, for 22 Carat:
Chennai- Rs 47,750
Mumbai- Rs 47,350
Delhi- Rs 47,500
Kolkata- Rs 47,350
Bangalore- Rs 47,400
Hyderabad- Rs 47,350
Kerala- Rs 47,350
Ahmedabad- Rs 47,400
In the international market, Gold prices increased by Rs 205 to Rs 50,399 per 10 gram in futures trade. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 205 or 0.41 per cent at Rs 50,399 per 10 gram in a business turnover of 17,446 lots. Globally, gold was trading 0.19 per cent higher at USD 1,675.10 per ounce in New York.
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