Gold Price Today: October 22, 2024 – Rising Gold Rates in India

: If you’re planning a wedding towards the end of this year and considering purchasing gold jewelry, you might want to act fast. The price of gold has been steadily increasing, and this trend shows no signs of slowing down. Currently, the price of 24-carat gold has crossed Rs 78,000 per 10 grams, while silver is priced at Rs 97,635 per kilogram.

Gold Prices Surge What You Need to Know

The continuous rise in gold prices has caused quite a stir in the market. With the soaring rates, people are wondering how to afford gold for upcoming events. On October 22, 2024, the Indian bullion market saw a notable increase in both gold and silver prices.

At the start of this business week, the price of 24-carat gold saw a significant jump on Monday, setting the stage for further hikes on Tuesday. According to the India Bullion and Jewelers Association (IBJA), the price of gold continues to climb. As of this morning, 24-carat gold is priced at Rs 78,232 per 10 grams.

Today’s Gold Prices October 22, 2024

Based on the official IBJA website (ibjarates.com), here are the current prices for various purities of gold and silver:

• 995 Purity Gold: Rs 77,919 per 10 grams
• 916 (22-carat) Purity Gold: Rs 71,661 per 10 grams
• 750 (18-carat) Purity Gold: Rs 58,674 per 10 grams
• 585 (14-carat) Purity Gold: Rs 45,766 per 10 grams
• 999 Purity Silver: Rs 97,635 per kilogram

It’s important to note that the prices listed by IBJA reflect the standard cost of gold before taxes and making charges. These rates are recognized across the country, offering buyers a reliable reference point.

Gold Price Trend: Last Week’s Rates

To give you an idea of how gold prices have changed recently, here’s a look at the gold prices for the past week:

• October 18, 2024: Rs 77,410 per 10 grams
• October 17, 2024: Rs 76,810 per 10 grams
• October 16, 2024: Rs 76,553 per 10 grams
• October 15, 2024: Rs 75,930 per 10 grams
• October 14, 2024: Rs 76,001 per 10 grams

Check Gold Rates via SMS

To make it easier for customers to stay updated on daily gold prices, IBJA provides an SMS service. By giving a missed call to 8955664433, you will receive a message on your phone with the latest retail price of gold.

Conclusion

With gold prices rising consistently, it may be wise to purchase gold sooner rather than later, especially if you have a big event like a wedding coming up. Stay informed with daily updates from IBJA, and remember that taxes and making charges will affect the final price you pay.