North News
Chandigarh, October 23
The price of 24K gold crossed the ₹80,000 mark on Tuesday, reaching ₹80,070 per 10 grams after an increase of ₹430. The price for 100 grams of 24K gold rose by ₹4,300, totaling ₹800,700, according to the news outlet goodreturns.in. The ongoing rally in gold prices is attributed to heightened demand for safe-haven assets amid geopolitical tensions in the Middle East and uncertainties surrounding the upcoming US elections. As the Diwali festival approaches, which is to be celebrated on October 31, consumer interest in gold purchases typically intensifies.
In parallel, 22K gold prices also saw an uptick, increasing by ₹400 to ₹73,400 per 10 grams, with a total rise of ₹4,000 for 100 grams, reaching ₹734,000. This surge follows a significant growth in gold prices over the past few weeks, with 22K gold prices experiencing a notable increase of 29.8% since October 24, 2023. The price per gram for 22K gold was ₹5,655 on October 24 and has now risen to ₹7,340, the news outlet further said.
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