Gold Rates In Ahmedabad Vs Mumbai Vs Delhi: Check 24K, 22K, 18K Gold Prices In Navratri Popular Cities; BUY?

Gold rates in India will trend due to the nine-day long Navratri festival, where demand for precious metals is expected to be high. On Friday, gold prices across cities recorded a healthy jump after falling for two consecutive days. 10 grams gold prices are above Rs 111,000 and Rs 102,000 in 24 carat and 22 carat. Among many popular places to celebrate Navratri are also Ahmedabad, Mumbai and Delhi. In these cities, devotees will follow all the rituals for celebration accordingly.

Since gold demand is high during festival, the current scenario of gold prices is still near all-time highs. Check out which cities offer cheaper gold rates here, and what should investors do.

Gold Rates In Mumbai:

10 grams gold price surged by Rs 160 to Rs 1,11,330 in 24 carat, while the rate was up by Rs 150 to Rs 1,02,050 in 22 carat. Additionally, 18 carat gold price was up by 120 to Rs 83,500.

The cheapest gold price in Mumbai stood at Rs Rs 11,133 per gram for 24 karat gold, Rs 10,205 per gram for 22 karat gold and at Rs 8,350 per gram for 18 karat gold (also called 999 gold).

It needs to be noted that gold prices are cheaper in Mumbai than compared to Ahmedabad and Delhi.

Gold Rates In Ahmedabad:

This city in Gujarat is the most popular for celebration of Navratri. Here, the cheapest gold price is at Rs 11,138 per gram for 24 karat gold, Rs 10,210 per gram for 22 karat gold and at Rs 8,355 per gram for 18 karat gold (also called 999 gold).

Further, 10 grams gold price surged by Rs 160 to Rs 1,11,380 in 24 carat, was up by Rs 150 to Rs 1,02,100 in 22 carat, and higher by Rs 120 to Rs 83,550 in 18 carat.

Gold Rates In Delhi:

Meanwhile, in the capital city, the price of cheapest gold is at Rs 11,148 per gram for 24 karat gold, Rs 10,220 per gram for 22 karat gold and at Rs 8,365 per gram for 18 karat gold (also called 999 gold).

Additionally, the 10 grams gold price is at Rs 1,11,480 in 24 carat up by Rs 160. Also, 22 carat gold is available at Rs 1,02,200 up by Rs 150, while that of 18 carat gold in 10 grams is priced at Rs 83,650 higher by Rs 180.

Gold Rates In India Today:

In majority of cities in India, 10 grams gold price rose by Rs 160 to Rs 1,11,330 in 24 carat, while the rate was up by Rs 150 to Rs 1,02,050 in 22 carat. Additionally, 18 carat gold price was up by 120 to Rs 83,500.

Gold Prices Prediction:

As per Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, analysts note that given the previous steep increases, a small retracement occurred, mainly due to profit-booking in anticipation of probable policy changes from the U.S. Federal Reserve, along with a slightly firmer rupee reducing the cost of imports. Nonetheless, the trend is still up: demand is still driven by increased buying over festivals, inflation, and geopolitical insecurity that maintains appeal for gold as a safe haven. Analysts believe that while dips are possible in the short term, gold is likely to hold onto supportive levels at, or about, where it is currently at, and has the potential to recover momentum if global interest rates decline, or inflation remains stubbornly stuck.

Silver Price Prediction:

In the expert's view, investors continue to be enthusiastic, especially considering silver's dual role as both an industrial metal and a store of value. Imports are ramping back up after having previously pulled back. Demand from coin and bar buyers remains robust, and bulls are feeling bullish that demand will pick up. Forecasters caution that silver could be volatile in the near term, but feel that silver could see renewed upside if global supplies decline or demand from the manufacturing sector and renewable energy sectors improves.

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