Gold Price Today: 24k Rate Rises ₹270 per 10 gm on Monday

New Delhi, Oct 26: Gold prices rose on Monday after three straight sessions of losses. Ten grams of 24-carat (99.9% purity) gold costs Rs 1,42,750 in most cities, according to Goodreturns.in. The price of 10 grams of 22-carat (91.6% purity) gold is Rs 1,30,850, while 18-carat (75% purity) gold is selling at Rs 1,07,060. Prices are for bullion and exclude taxes and making charges. 

On Friday, 10 grams of 24-carat, 22-carat and 18-carat gold cost Rs 1,42,480, Rs 1,30,600 and Rs 1,06,860, respectively. This represents gains of Rs 270, Rs 250 and Rs 200 per 10 grams, respectively, or around 0.19% across all three categories. The rise is small against Friday’s fall of Rs 1,900. 

On a per-gram basis, 24-carat gold costs Rs 14,275, 22-carat gold Rs 13,085 and 18-carat gold Rs 10,706 in the Mumbai cluster of cities. Buyers will therefore pay Rs 27, Rs 25 and Rs 20 more per gram, respectively, than Friday’s rates. 

For bulk buyers, one kilogram of 24-carat gold costs Rs 1,42,75,000, while 22-carat and 18-carat gold cost Rs 1,30,85,000 and Rs 1,07,06,000, respectively. This is Rs 27,000, Rs 25,000 and Rs 20,000 more than Friday’s rates. 

The price of 10 grams of 24-carat gold is still Rs 4,690 lower than a week ago, on October 16, when it stood at Rs 1,47,440, and Rs 8,230 lower than Monday, October 12, when it stood at Rs 1,50,980, a fall of about 5.45%. 

Delhi continues to be the costliest city, with 10 grams of 24-carat gold priced at Rs 1,42,900. This is Rs 150 more than the rate of Rs 1,42,750 in Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune. The gap has not changed since Friday. 

A similar trend can be seen in 22-carat gold, with Delhi charging Rs 150 more per 10 grams than the Mumbai cluster, and in 18-carat gold, where Delhi is Rs 150 costlier at Rs 1,07,210. Vadodara and Ahmedabad have 24-carat prices of Rs 1,42,800 per 10 grams, Rs 50 higher than the Mumbai cluster, against Rs 50 lower on Friday. In Chennai, 10 grams of 18-carat gold is priced at Rs 1,07,050, Rs 10 lower than the Mumbai cluster, against Rs 40 higher on Friday. 

City-Wise Gold Rates: Today vs Friday 

The tables below set Friday’s (Oct 23) 10-gram gold rates for ten major Indian cities against Monday’s (Oct 26) rates, along with the change over the period. All ten cities rose in all three purities. The gain was ₹270 to ₹370 in 24K, ₹250 in 22K and ₹150 to ₹350 in 18K. 

24K Gold: 10 Major Cities (per 10 grams) 

City	Fri, Oct 23	Mon, Oct 26	Diff
Chennai	₹1,42,480	₹1,42,750	+₹270
Mumbai	₹1,42,480	₹1,42,750	+₹270
Delhi	₹1,42,630	₹1,42,900	+₹270
Kolkata	₹1,42,480	₹1,42,750	+₹270
Bangalore	₹1,42,480	₹1,42,750	+₹270
Hyderabad	₹1,42,480	₹1,42,750	+₹270
Kerala	₹1,42,480	₹1,42,750	+₹270
Pune	₹1,42,480	₹1,42,750	+₹270
Vadodara	₹1,42,430	₹1,42,800	+₹370
Ahmedabad	₹1,42,430	₹1,42,800	+₹370

22K Gold: 10 Major Cities (per 10 grams) 

City	Fri, Oct 23	Mon, Oct 26	Diff
Chennai	₹1,30,600	₹1,30,850	+₹250
Mumbai	₹1,30,600	₹1,30,850	+₹250
Delhi	₹1,30,750	₹1,31,000	+₹250
Kolkata	₹1,30,600	₹1,30,850	+₹250
Bangalore	₹1,30,600	₹1,30,850	+₹250
Hyderabad	₹1,30,600	₹1,30,850	+₹250
Kerala	₹1,30,600	₹1,30,850	+₹250
Pune	₹1,30,600	₹1,30,850	+₹250
Vadodara	₹1,30,650	₹1,30,900	+₹250
Ahmedabad	₹1,30,650	₹1,30,900	+₹250

18K Gold: 10 Major Cities (per 10 grams) 

City	Fri, Oct 23	Mon, Oct 26	Diff
Chennai	₹1,06,900	₹1,07,050	+₹150
Mumbai	₹1,06,860	₹1,07,060	+₹200
Delhi	₹1,06,860	₹1,07,210	+₹350
Kolkata	₹1,06,860	₹1,07,060	+₹200
Bangalore	₹1,06,860	₹1,07,060	+₹200
Hyderabad	₹1,06,860	₹1,07,060	+₹200
Kerala	₹1,06,860	₹1,07,060	+₹200
Pune	₹1,06,860	₹1,07,060	+₹200
Vadodara	₹1,06,860	₹1,07,110	+₹250
Ahmedabad	₹1,06,860	₹1,07,110	+₹250

Source: Goodreturns.in 

Every row in the three tables shows a rise. In 22K gold, all ten cities saw the same gain of ₹250 per 10 grams, while 24K gold rose by ₹270 in eight cities and ₹370 in Vadodara and Ahmedabad. In 18K gold the gain ranged from ₹150 in Chennai to ₹350 in Delhi. The Rs 150 gap between Delhi and the Mumbai cluster holds in all three tables. 

Keep in mind that these are bullion rates. Jewellery will cost more because you will have to pay making charges, wastage charges and 3% GST. GST alone adds about ₹4,283 on a 10-gram purchase of 24K gold at today’s rate, and about ₹3,926 on 22K and ₹3,212 on 18K for the same weight. 

With Dhanteras and Diwali still to come, buyers will be watching whether the modest rebound holds after the slide from the October 12 peak. At ₹1,42,750 per 10 grams, 50 grams of 24K gold costs ₹7,13,750 before making charges and GST. A 22K chain weighing 20 grams would cost ₹2,61,700 in gold value alone at ₹1,30,850 per 10 grams, which is ₹500 more than on Friday. 

Jewellery Stocks Today 

Jewellery stocks were mostly higher in early trade on Monday as the Nifty 50 rose to 22,639.40 around 10:03 am, up 39.40 points or 0.17 per cent from Friday’s close of 22,600.00. Three of the four counters were in the green. PC Jeweller rose 2.99 per cent, Kalyan Jewellers India 0.67 per cent and Titan Company 0.36 per cent, while Thangamayil Jewellery fell 0.46 per cent. The previous closes quoted below are Friday’s. 

Company	Ticker	Price	Change
Titan Company	TITAN	₹4,315.00	+₹15.30 (+0.36%)
Kalyan Jewellers India	KALYANKJIL	₹515.45	+₹3.45 (+0.67%)
Thangamayil Jewellery	THANGAMAYL	₹4,669.00	-₹21.50 (-0.46%)
PC Jeweller	PCJEWELLER	₹18.58	+₹0.54 (+2.99%)

Source: NSE market data 

Titan Company opened lower at ₹4,281.00 against a previous close of ₹4,299.70 and touched a low of ₹4,240.80 in the first half-hour, 1.37 per cent below the previous close. It then recovered steadily and touched a high of ₹4,324.00 before 10 am. It is at ₹4,315.00, up 0.36 per cent and above its volume-weighted average price (VWAP) of ₹4,271.92. 

Kalyan Jewellers India opened at ₹510.00 against a previous close of ₹512.00 and slid to a low of ₹500.00 in the first half-hour, 2.34 per cent below the previous close. It then climbed back to a high of ₹515.55. It is at ₹515.45, up 0.67 per cent and above its VWAP of ₹506.85. 

Thangamayil Jewellery opened at ₹4,651.00 against a previous close of ₹4,690.50 and touched a low of ₹4,590.00 soon after the open, 2.14 per cent below the previous close. It then recovered to a high of ₹4,689.00, just short of the previous close. It is trading at ₹4,669.00, down 0.46 per cent but above its VWAP of ₹4,647.19. 

PC Jeweller opened at ₹17.90 against a previous close of ₹18.04 and touched a low of ₹17.53, 2.83 per cent below the previous close. It then rallied through the morning. It is trading at ₹18.58, up ₹0.54 or 2.99 per cent, and above its VWAP of ₹18.01. 

Gold rose Rs 270 per 10 grams on Monday and three of the four jewellery counters rose with it, against a Nifty 50 that was up 0.17 per cent. PC Jeweller and Kalyan Jewellers outperformed the index and Titan also beat it, while Thangamayil Jewellery lagged. 

Order book data showed buyers ahead on all four counters. Titan had 65.07 per cent of total quantity on the buy side, with 51,620 shares against 27,712 on the sell side. Buyers also led on Kalyan Jewellers India at 60.16 per cent, with 2,83,333 shares against 1,87,598, and on PC Jeweller at 59.89 per cent, with 6,50,45,547 shares against 4,35,70,310. Thangamayil Jewellery was nearly balanced, with buyers at 50.20 per cent, 3,796 shares against 3,765. 

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Source

•  Goodreturns.in
• NSE market data
• Rates are indicative and subject to change; confirm with your local dealer before purchase.