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Gold and Silver Price Today (October 3): Gold jumps by ₹230 to all-time high on deepening geopolitical concerns
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3 min read | Updated on October 03, 2024, 11:42 IST
SUMMARY
In Delhi markets, 24K gold prices rebounded by ₹230 to hit an all-time high of ₹77,610 per 10 grams and 22K gold by ₹220 to ₹71,160 per 10 grams. Silver prices, however, traded flat in Delhi markets at ₹94,900 per kilogram.
Gold and Silver Price Today (October 3): Gold jumps by ₹230 to all-time high on deepening geopolitical concerns
Gold prices rebounded by ₹230 in major cities in India on Thursday, October 3, as escalation in conflict in West Asia following missile attacks by Iran on Israel fuelled the precious metal in global markets.
Beginning of the festive season, with Navratras on Thursday, which are considered auspicious by Hindus to buy valuable items like jewellery, also supported the metal prices.
Gold prices soared to $2,671 an ounce in overnight trade in global markets on Wednesday, October 2, after Iran got involved in the conflict between Israel and Lebanon by firing missiles on Tel Aviv. Gold markets were closed in major cities in India on Wednesday due to a public holiday.
Experts also projected gold prices to hit $3,200 an ounce-level in coming months on expected rate cuts by the US Federal Reserve and deepening geopolitical concerns amid West Asia conflict.
Gold was trading at $2,655.78 an ounce in early Asian trade on Thursday, October 3.
Check the latest gold and silver prices across major cities today:
Gold Price Today in India (October 3, 2024)
In Delhi markets, 24K gold prices rose by ₹230 to an all-time high of ₹77,610 per 10 grams and 22K gold by ₹220 to ₹71,160 per 10 grams.
Below is a detailed breakdown of gold prices across key cities:
Gold Price Today in Major Cities:
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | ₹71,160 | ₹77,610 |
| Mumbai | ₹71,010 | ₹77,460 |
| Chennai | ₹71,010 | ₹77,460 |
| Kolkata | ₹71,010 | ₹77,460 |
Silver Price Today in India (October 3, 2024)
Silver prices ruled flat for the third day in a row in Delhi markets at ₹94,900 per kilogram as rising tensions in West Asia triggered growth concerns. While the white metal traded lower in global markets, firm demand from coin makers amid the start of festive season restricted losses in local markets. Silver was trading at $31.44 an ounce in early Asian trade.
Silver Price Today in Major Cities:
| City | Silver Price (per kg) |
|---|---|
| Delhi | ₹94,900 |
| Mumbai | ₹94,900 |
| Chennai | ₹1,00,900 |
| Kolkata | ₹94,900 |
Comparison of Gold and Silver Prices This Week
Gold snapped the losing streak on Thursday on firm global cues due to rising tensions in West Asia. Gold prices rose to all-time highs in Delhi and Mumbai as festive season demand supported the metal. Silver, on the other hand, traded amid weak overseas trends and firm demand from coin makers.
Here’s a comparison of gold and silver prices from earlier this week:
| Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
|---|---|---|---|
| Oct 3, 2024 | ₹71,010 | ₹77,460 | ₹94,900 |
| Oct 1, 2024 | ₹70,790 | ₹77,230 | ₹94,900 |
| Sep 30, 2024 | ₹70,940 | ₹77,390 | ₹94,900 |
| Sep 28, 2024 | ₹70,950 | ₹77,400 | ₹95,000 |
| Sep 27, 2024 | ₹71,000 | ₹77,450 | ₹94,900 |
| Sep 26, 2024 | ₹70,610 | ₹77,030 | ₹92,700 |
| Sep 25, 2024 | ₹70,010 | ₹76,370 | ₹92,900 |
(Mumbai Rates)
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