The momentum was equally visible across other purities, as 22-carat gold—the preferred choice for traditional jewelry—rose by ₹175 per gram. Buyers looking to purchase 22-carat gold today will find it priced at ₹14,515 per gram, compared to yesterday’s rate of ₹14,440. For those dealing in bulk, the 100-gram rate for 22-carat gold now stands at ₹14,61,500. Even the 18-carat category, often utilized for diamond-studded ornaments, saw a value appreciation of ₹143 per gram, bringing the current rate to ₹11,961. This broad-based increase across all carats suggests a tightening of supply or a sudden influx of investment interest, likely influenced by macroeconomic factors that have historically driven the yellow metal's safe-haven appeal.
Market analysts and administrative observers note that such price fluctuations in the Delhi market are frequently tied to a combination of currency strength and global spot prices. While the individual consumer feels the immediate pinch of an additional ₹1,750 on a 10-gram purchase of 22-carat gold, the broader implications for the economy are more complex. As the capital's bullion trade adjusts to these higher valuations, the shift could potentially influence the upcoming wedding season's retail volume or shift investor focus toward digital gold and sovereign bonds. This latest price hike underscores the inherent volatility of the gold market, reminding stakeholders that even minor daily shifts can lead to significant cumulative variations in the valuation of one of India's most prized assets.
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