Leading the surge, 24-carat gold—often regarded as the benchmark for purity—is now retailing at ₹15,664 per gram, marking a sharp increase of ₹229 from yesterday’s closing price of ₹15,435. For those looking at bulk acquisitions, the cost for 10 grams has escalated to ₹1,56,640, while the price for a 100-gram bar now stands at a staggering ₹15,66,400. This upward trajectory is mirrored in the 22-carat segment, which is commonly used for intricate jewelry. The rate for 22-carat gold climbed to ₹14,360 per gram today, up from ₹14,150. Consequently, a standard 10-gram purchase in this category now requires an outlay of ₹1,43,600, representing a daily gain of ₹2,100 for the 100-gram volume.
The 18-carat gold market has not been immune to this inflationary pressure, showing a consistent rise that impacts the more affordable luxury segment. Prices for 18-carat gold moved from ₹11,580 per gram yesterday to ₹11,752 today, a net gain of ₹172. While this lower purity remains a popular choice for contemporary ornaments, the cumulative increase means that a 100-gram transaction now commands a price of ₹11,75,200, compared to the previous day’s ₹11,58,000. These figures illustrate a synchronized movement across the bullion spectrum, leaving little room for relief for those planning immediate purchases.
This significant movement in Delhi’s gold rates serves as a critical indicator of the current appetite for safe-haven assets. As prices continue to breach previous resistance levels, market analysts are closely monitoring global supply chains and local demand metrics to determine if this rally is a localized spike or part of a sustained long-term trend. For the average consumer in Delhi, these soaring figures represent a challenging environment for traditional savings and jewelry investments, potentially reshaping buying patterns as the market adapts to these new valuation benchmarks.
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