The most premium category, 24-carat gold, saw a sharp increase with the price per single gram reaching ₹15,899, up from yesterday’s ₹15,875. This upward momentum was even more pronounced in larger quantities; a 10-gram bar of 24-carat gold is now retailing at ₹1,58,990, representing a significant daily gain of ₹2,240. For bulk buyers and institutional investors, the 100-gram rate has moved to ₹15,89,900, reflecting a substantial ₹22,400 increase over the last 24 hours. The 8-gram sovereign, a popular choice for personal investment, also saw its value rise to ₹1,27,192, a jump of ₹1,792 from the previous session.
Mirroring the gains in pure gold, the 22-carat segment—which remains the standard for traditional Indian jewelry—witnessed a parallel surge. The rate for 10 grams of 22-carat gold climbed to ₹1,45,750, gaining ₹2,050 since yesterday. Individual grams are now priced at ₹14,575, while the 100-gram rate surged by ₹20,500 to settle at ₹14,57,500. Even the 18-carat category, often preferred for contemporary and stone-studded ornaments, was not immune to the market pressure. Prices for 18-carat gold rose to ₹11,928 per gram, with the 10-gram rate reaching ₹1,19,280, marking a steady increase of ₹1,680 from the prior day.
This sharp appreciation in gold prices carries significant implications for both the retail sector and the broader economy in Delhi. As the wedding and festive seasons frequently dictate consumer behavior, such rapid price escalations can lead to a temporary cooling of physical demand or a shift toward lighter jewelry designs. Administratively, these fluctuations are closely monitored by market regulators and tax authorities, as gold remains a critical asset class in India’s financial landscape. The current trajectory suggests a period of heightened volatility, leaving market participants to weigh the impact of these rising costs against their immediate purchasing and investment needs.
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