For those tracking the 24-carat segment, often considered the benchmark for pure investment, the price for a standard 10-gram bar has climbed to ₹1,64,880, representing a massive single-day appreciation of over ₹3,000. This bullish momentum is equally visible in bulk transactions, where the 100-gram rate now stands at ₹16,48,800. The rapid appreciation has caught many seasonal buyers by surprise, particularly those eyeing the 8-gram sovereign, which now commands a price tag of ₹1,31,904 compared to yesterday's ₹1,29,376.
The 22-carat category, which remains the preferred choice for the city's intricate jewelry market, followed a similar ascending path. The rate per gram settled at ₹15,115 today, rising from ₹14,825. This increase translates to a ₹2,900 hike for a 10-gram purchase, bringing the current cost to ₹1,51,150. Even the more affordable 18-carat gold, typically used for diamond-studded ornaments, did not escape the inflationary trend; it rose to ₹12,370 per gram, a jump of ₹237 from the previous session, totaling ₹1,23,700 for 10 grams.
Market analysts and administrative observers suggest that such fluctuations in the capital’s gold rates are often the result of a complex interplay between international spot prices, currency valuation, and local import duties. As the rates continue to climb, the Delhi bullion market remains under close watch by both retail consumers and institutional investors. This latest price hike underscores the enduring volatility of gold as an asset class, highlighting the need for buyers to monitor daily shifts closely as the market reacts to shifting global and domestic fiscal pressures.
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