Gold Price In South India Today: Gold Rates In Bangalore, Hyderabad & Chennai Get Costlier; Here’s How Much

On Monday, October 13, gold prices in South India shot up in major cities such as Bangalore, Hyderabad, and Chennai. This suggests that investor confidence is still positive ahead of Diwali and Dhanteras, despite the weaker dollar and ongoing geopolitical worries. As geopolitical tensions have subsided, silver has also entered the race in the aforementioned South Indian cities.

Gold & Silver Rates In Bangalore Today

Today, 24-carat gold costs Rs 12,540 per gram, 22-carat gold costs Rs 11,495 per gram, and 18-carat gold costs Rs 9,405 per gram in Bangalore. In Bangalore, 24k of 10 grams of gold will cost Rs 1,25,400 today, whereas yesterday it cost Rs 1,25,080.

This indicates that 24k of 100 grams of gold saw an overnight spike in its price of Rs 3,200. The price of 22k of 10 grams of gold in Bangalore today reached Rs 1,14,950, up from Rs 1,14,650 yesterday. This indicates that the price of 22k of 100 grams of gold shot up by Rs 3,000 overnight on Monday in Bangalore.

Today 18k of 10 grams of gold in Bangalore stood at Rs 94,050 compared to Rs 93,810 yesterday, which means that 18k of 100 grams of gold has become costlier by Rs 2,400, reaching Rs 9,40,500.

Silver prices in Bangalore are Rs 185 per gramme and Rs 1,85,000 per kilogramme today, compared to Rs 182.30 and Rs 1,82,300 yesterday.

Gold & Silver Rates In Chennai Today

Today, 24 carat gold costs Rs 12,573 per gramme, 22 carat gold costs Rs 11,525 per gramme, and 18 carat gold costs Rs 9,525 per gramme in Chennai. The price of 24k of 10 grams of gold in Chennai was Rs 1,25,730 today, whereas it was Rs 1,25,460 yesterday.

This corresponds to a costlier rate of Rs 270, meaning that 24k of 100 gms of gold in Chennai became Rs 2,700 more expensive overnight.

The price of 22k of 10 grams of gold in Chennai reached Rs 1,15,250 compared to Rs 1,15,000 yesterday, which means that 22k of 100 grams of gold will cost Rs 2,500 more in Chennai today.

The price of 18k of 10 grams of gold in Chennai today reached Rs 95,250 compared to Rs 95,000 yesterday, representing a price jump of Rs 250 and Rs 2,500 for 18k of 100 grams.

Today, silver costs Rs 195 per gram and Rs 1,95,000 a kilogram in Chennai. In contrast to yesterday's prices of Rs 190 and Rs 1,90,000, which indicate an overnight price spike of Rs 5 and Rs 5,000.

Gold & Silver Rates In Hyderabad Today

Today, 24 carat gold costs Rs 12,540 per gram, 22 carat gold costs Rs 11,495 per gram, and 18 carat gold costs Rs 9,405 per gram in Hyderabad. In Hyderabad, 24k of 10 grams of gold will now cost Rs 1,25,400, as opposed to Rs 1,25,080 yesterday. This indicates that 24k of 100 gms of gold will now cost Rs 3,200 more than it did overnight.

Today's price of 22k of 10 grams of gold in Hyderabad was Rs 1,14,950, up Rs 300 from yesterday's price of Rs 1,14,650. This indicates that 22k of 100 grams of gold in Hyderabad would cost you Rs 3,000 more.

18k of 10 grams of gold today costs Rs 94,050 in Hyderabad, up Rs 240 from yesterday's price of Rs 93,810. This implies that 18k of 100 gms of gold would cost Rs 2,400 more.

In Hyderabad, the price of silver is Rs 195 per gramme and Rs 1,95,000 per kilogramme today, as opposed to Rs 190 and Rs 1,90,000 yesterday.

MCX Gold Outlook Today

"On the technical front, MCX Gold continues to remain in a strong uptrend. It is trading above the short-term 10 & 20 as well as the long-term 50, 100 & 200 DEMA lines. The RSI remains above 70, and prices have been consistently making higher highs on the daily chart. Most technical indicators suggest a positive trend and strong bullish momentum. Currently, immediate support is placed at 120,023, while resistance is seen at 122,280-123,650. Traders can look to buy MCX Gold near 120,023 for a target of 122,280-123,650. Any drop below 119,700 will warrant a review of the current view and should be treated as a stop-loss," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold Rates Fundamental Outlook Today

"Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day; as silver prices swung near a record as an historic short squeeze in London and US-China trade tensions roiled the market, while gold set a new peak," commented the research analysts of Nirmal Bang Securities.

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