Gold Prices Surge Across Indian Cities in Wedding Season
Gold prices have surged across major Indian cities, primarily due to wedding season demand. It's important for potential buyers to check city-specific rates for clear pricing.
Highlights
- •Major Indian cities witnessed significant increases in gold prices during the first week of trading
The Indian gold bullion market saw a strong upward movement with gold prices resuming after recent easing.
On the first trading day of the week, major Indian cities experienced significant increases. For instance, 22-carat gold went up by ₹1,900 per ten-gram on Tuesday morning while 24-carat saw a rise of ₹20,000.
These price hikes are attributed to wedding season, leading to increased demand for the precious metal. It’s crucial for customers considering purchases to check city-specific prices as it helps in reducing confusion and potential disputes.
In New Delhi, 22-carat gold jumped from ₹147,000 to ₹148,900 per ten grams; 24-carat increased significantly by ₹2,000 to ₹156,350. In Mumbai, the increase was from ₹146,500 to ₹155,820.
Similarly, 22-carat gold in Chennai rose up to ₹149,600 and 24-carat jumped to ₹156,030. For cities like Hyderabad and Kolkata, the spikes were much higher with prices surging in both 22- and 24-carat categories.
