Gold prices in India have surged beyond Rs 1 lakh for 10 grams of 24-carat purity, achieving unprecedented levels as global market volatility drives investors towards more secure assets such as gold. A report from NDTV, referencing goodreturns.com, indicates that the current price of pure 24-carat gold exceeds Rs 10,000 per gram in major metropolitan areas, including Delhi, Mumbai, and Kolkata. Specifically, in Delhi, the price stands at Rs 10,150 per gram, while in Noida, Gurugram, Mumbai, Chennai, Bengaluru, and Kolkata, it is slightly lower at Rs 10,135. Although 24-carat gold is recognized as the purest form and is primarily utilized for investment purposes, it is not the preferred choice for jewelry making; instead, 22-carat gold is favored for ornaments. The price for 22-carat gold is marginally lower, currently around Rs 9,305 per gram in Delhi and Rs 9,290 in both Mumbai and Kolkata. On the Multi Commodity Exchange (MCX), the most actively traded June delivery contracts for this precious metal experienced a significant increase, rising by Rs 1,899, or nearly 2 percent, to reach a record high of Rs 99,178 per 10 grams during early trading sessions.
Gold prices surge due to global market instability, surpassing the Rs 1 lakh threshold.
