As the Pitru Paksha period unfolds, the precious metals market is witnessing a significant surge in prices. Gold and silver have reached unprecedented levels, causing both excitement and caution among potential buyers. This article explores the current trends in gold and silver prices across major Indian cities.
Record-Breaking Gold Prices
On Wednesday, September 25, gold prices experienced a dramatic increase. The cost of 10 grams of gold rose by an astounding 500 to 600 rupees in a single day. This surge has pushed the price of 24-carat gold beyond the 76,000 rupee mark in most Indian cities, setting a new all-time high.
Detailed Price Breakdown
According to the Indian Bullion and Jewellers Association (IBJA), the price of 24-carat gold (10 grams) has reached 75,260 rupees, marking a 496 rupee increase from the previous day. Similarly, silver has seen a substantial rise, with prices jumping by 1,922 rupees per kilogram, reaching 90,324 rupees per kg.
Gold Rates Across Carats
The price surge affects gold across all carats:
- 23-carat gold: Increased by 494 rupees to 74,959 rupees per 10 grams
- 22-carat gold: Rose by 454 rupees to 68,938 rupees per 10 grams
- 18-carat gold: Now priced at 56,445 rupees per 10 grams
- 14-carat gold: Increased by 290 rupees to 44,027 rupees per 10 grams
Major City Gold Rates
The gold prices vary slightly across major Indian cities:
- Delhi: 24-carat gold at 76,520 rupees, 22-carat at 70,160 rupees per 10 grams
- Mumbai: 24-carat gold at 76,160 rupees, 22-carat at 70,010 rupees per 10 grams
- Kolkata: 24-carat gold at 76,160 rupees, 22-carat at 70,010 rupees per 10 grams
Factors to Consider
It’s important to note that these prices don’t include GST or jewelry-making charges. The actual cost in different cities may vary by 1,000 to 1,500 rupees due to local factors and taxes.
यह भी पढ़े:
अब इन राशन कार्ड धारकों को नहीं मिलेगा राशन, तुरंत चेक करें अपना नाम – Ration Card E-KYC Date
Implications for Buyers
The sharp rise in gold and silver prices has created a complex situation for potential buyers. While it represents a good investment opportunity for some, others may find the high prices prohibitive. Consumers are advised to carefully consider their financial situation and investment goals before making any purchases.
Conclusion
The unprecedented rise in gold and silver prices during Pitru Paksha has caught the attention of investors and consumers alike. As prices continue to climb, it’s crucial for potential buyers to stay informed about market trends and make well-considered decisions. Whether this surge represents a temporary spike or a long-term trend remains to be seen, but for now, the precious metals market is certainly shining bright.
