Gold Rate In India Today, 13 Oct: 24K, 22K, 18K Gold Price Shatter Records Ahead of Diwali; Silver Spikes Too

Gold prices in India today saw another sharp spike, continuing their gains after a slight pause seen yesterday. As the festive season is around, the demand for gold and silver is rising strongly, and so are the prices. In just the last ten days the gold rate in India has surged over 5%, while silver prices have also risen sharply.

As of today, the 22-carat gold price in India has crossed Rs. 114,900 per 10 grams, while the 24-carat gold rate has surged past Rs. 125,000 per 10 grams in major cities like Delhi, Mumbai, and Chennai. Gold rates in India underwent a solid recovery this month, breaking record high after highs.

Gold prices surged to record highs in the international market as escalating trade tensions between the US and China brought back safe-haven demand.

Gold Rate in India Today

On Monday, 13th October, the 22-carat gold rate in India surged by Rs.320 per 10 grams to cost Rs. 125,400 per 10 grams. While the 24-carat gold prices today jumped by Rs. 300 and cost Rs. 114,950 per 10 grams. Similarly, the 18-carat gold rate today also rose by Rs 240 per 10 grams to cost Rs 94,050.

In a similar manner, 100 grams of 22-carat gold stand at Rs 11,49,500 after gaining Rs 3000. While the 24-carat gold price in India per 100 grams is now retailing at Rs.12,54,000, which jumped by Rs 3200.

Gold Price Outlook

"Gold prices are expected to witness profit booking. Traders can sell at 122300 with a stop loss of 122800 for the target at 121500-120300." as per Nirmal Bang Securities,

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures, which are expected to mature on December 5th, rose sharply and are currently trading at Rs. 123,341 after jumping 1.63%. Similarly, silver futures, which are set to mature on December 5th, increased today by 3.64% to trade at Rs 151,799 at the time of writing.

City-Wise Gold Rates Today

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored this big rise in the gold rates today. Here's the latest city-wise update on 22-carat and 24-carat gold rates on October 13th.

Silver Rate in India Today

Silver prices in India are reaching record levels every day. Today 1 kg of silver in India costs Rs 185,000, which jumped by Rs 5000. While 100 g of silver rates in India cost Rs 18,500 after falling Rs 500.

Spot Gold Prices & Spot Silver Price Today

As per the latest report by Reuters, "Spot gold was up 0.7% at $4,044.29 per ounce as of 0253 GMT, after hitting a record high of $4,059.30 earlier in the session. U.S. gold futures for December delivery rose 1.6% to $4,062.50. U.S. gold futures for December delivery rose 1.6% to $4,062.50."

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