The premium 24-carat gold, often regarded as the benchmark for purity, climbed to an impressive ₹16,530 per gram, representing a direct increase of ₹320 from the previous day’s closing of ₹16,210. For institutional buyers and those looking at standard trading units, the 10-gram rate settled at ₹1,65,300, while the bulk 100-gram valuation soared to ₹16,53,000. This rally was mirrored in the 22-carat segment—the preferred choice for intricate jewelry—which saw its price per gram rise to ₹15,155, up from yesterday's ₹14,880. Consequently, the cost of a standard 8-gram sovereign of 22-carat gold now stands at ₹1,21,240, highlighting the growing financial commitment required for retail bridal and ornamental purchases
The upward momentum extended to 18-carat gold as well, which is increasingly popular for contemporary and diamond-studded jewelry. Prices for this category rose by ₹242 per gram, bringing the current rate to ₹12,403. Even at this lower purity level, the cumulative effect of the market surge is evident, with 100-gram holdings now valued at ₹12,40,300. Market analysts suggest that these fluctuations are likely driven by a combination of global inflationary pressures and localized demand-supply dynamics within the Indian market.
As the trading day concludes, the significant gap between Tuesday’s closing and Wednesday’s opening rates suggests a tightening market. For stakeholders in the capital, these figures represent more than just a price hike; they signal a shift in the accessibility of gold as a safe-haven asset. Whether this bullish trend will persist or face a correction in the coming days remains a focal point for Delhi’s financial observers and the jewelry industry, which must now navigate a landscape of heightened valuation and shifting consumer sentiment
About The Author
Comment List