Gold Prices Rise Across Major Indian Metro Cities on October 2

Gold prices witnessed an upward trend across most major metropolitan cities in India on October 2, reflecting increases compared to the previous day's rates. The national average for 22-carat gold stood at ₹13,855 for 1 gram, marking an increase of ₹86, while 8 grams of 22-carat gold was priced at ₹1,10,840, up by ₹688.

In the capital city of Delhi, the price for 1 gram of 22-carat gold was recorded at ₹13,875, showing an increase of ₹95, and 8 grams reached ₹1,11,000, up by ₹760. For 24-carat gold in Delhi, 1 gram was priced at ₹14,569 (up by ₹100) and 8 grams stood at ₹1,16,552 (up by ₹800).

In Mumbai and Pune, 22-carat gold prices for 1 gram were recorded at ₹13,825, an increase of ₹95, with 8 grams priced at ₹1,10,600, up by ₹760. Meanwhile, 24-carat gold in these two cities was priced at ₹14,516 for 1 gram (up by ₹99) and ₹1,16,128 for 8 grams (up by ₹792).

Kolkata recorded 22-carat gold at ₹13,925 for 1 gram (up by ₹65) and ₹1,11,400 for 8 grams (up by ₹520). The 24-carat gold in Kolkata was priced at ₹14,621 for 1 gram (up by ₹68) and ₹1,16,968 for 8 grams (up by ₹544).

In Chennai and Hyderabad, 22-carat gold stood at ₹13,775 for 1 gram (up by ₹65) and ₹1,10,200 for 8 grams (up by ₹520). The 24-carat gold rates in both cities were ₹14,464 for 1 gram (up by ₹68) and ₹1,15,712 for 8 grams (up by ₹544).

Bengaluru recorded 22-carat gold at ₹13,885 for 1 gram (up by ₹65) and ₹1,11,080 for 8 grams (up by ₹520), while 24-carat gold was priced at ₹14,579 for 1 gram (up by ₹68) and ₹1,16,632 for 8 grams (up by ₹544).

In Ahmedabad, the price for 1 gram of 22-carat gold was ₹13,879 (up by ₹65) and ₹1,11,032 for 8 grams (up by ₹520). The 24-carat gold in Ahmedabad stood at ₹14,573 for 1 gram (up by ₹68) and ₹1,16,584 for 8 grams (up by ₹544).

"Fluctuations in precious metal prices directly impact consumer spending behavior and retail market dynamics across India. When daily rates for both 22-carat and 24-carat gold register upward movements across major metro cities, it influences purchasing decisions in the domestic retail sector. Businesses and consumers closely monitor these daily pricing shifts to navigate market conditions effectively." — Dr. Shishir Gupta, Founder & CEO, StartupLanes