Gold Rate Today In India: On September 27, gold prices in India were around Rs 77,000 per 10 grams. The price of 24-carat gold, known for its highest purity, stood at Rs 77,160 per 10 grams. For jewellery buyers, 22-carat gold, which is more durable due to its alloy composition, was priced at Rs 70,740 per 10 grams.
Silver, on the other hand, was trading at Rs 94,900 per kilogram.
Gold prices in the international market have surged in the past few days hitting all-time high levels multiple times amid the Israel-Lebanon conflict, a weaker dollar and a decline in US bond yields. In India also, the prices have risen sharply in the past few weeks and are expected to touch Rs 78,000 per 10 grams till Diwali.
Rahul Kalantri, vice president (commodities) at Mehta Equities Ltd, said, “Gold and silver prices rose sharply but came off their highs on Thursday. Gold prices scored another record high, while silver prices are also up a bit but well down from a nearly four-month high. More economic stimulus from China and safe-haven demand are supporting buying interest in the two precious metals.”
In overnight news, China’s Politburo pledged to stabilise China’s property sector and add more fiscal stimulus after The People’s Bank of China earlier this week announced the largest monetary stimulus since the pandemic. Weekly jobless claims in the United States decreased by 4,000 to 218,000, a four-month low. Traders are keeping an eye on US inflation data due later on Friday, he added.
“Gold has support at $2651-2640 while resistance is at $2684-2699. Silver has support at $31.55-31.35 while resistance is at 32.05-32.22. In INR terms, gold has support at Rs 75,150-74,870, while resistance is at Rs 75,690-75,880. Silver has support at Rs91,450-90,750, while resistance is at Rs92,990-93,680,” Kalantri said.
Gold rate today in India: Retail gold price on September 27
Check gold rates today in different cities on September 27, 2024; (In Rs/10 grams)
Retail Cost of Gold in India
What Is The Retail Price Of Gold Per Gram?
Gold price per gram is the cost of one gram of gold. It’s typically expressed in a specific currency (e.g., Indian Rupees). The price can fluctuate daily due to various factors, including economic conditions, geopolitical events, and supply and demand.
The retail price of gold in India, which represents the final cost per unit weight for consumers, is shaped by multiple factors beyond its intrinsic value.
Gold is deeply embedded in Indian culture, acting as a key investment and holding significant importance in traditional weddings and festivals.
As market conditions shift, investors and traders closely watch these trends. Stay tuned for more updates on this developing story.
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