Gold Prices Rise Across Multiple Indian Cities on October 24

Gold prices registered an upward movement across several major cities in India on October 24, according to recent market data. The national benchmark rate for 22-carat gold stood at ₹13,150 for 1 gram, reflecting an increase of ₹10, while 8 grams of 22-carat gold was priced at ₹1,05,200, up by ₹80 compared to the previous day.

Regional markets mirrored this upward trend with minor variations across different urban centers. In Coimbatore, Visakhapatnam, Madurai, Thrissur, and Vijayawada, 22-carat gold was traded at ₹13,070 per gram (up by ₹10) and ₹1,04,560 for 8 grams (up by ₹80). Meanwhile, 24-carat gold in these cities was recorded at ₹13,724 per gram, marking an increase of ₹11, and ₹1,09,792 for 8 grams, up by ₹88.

Cities such as Nagpur and Indore reported 22-carat gold prices at ₹1,04,960 for 8 grams and ₹13,120 per gram, both registering a ₹10 increase per gram and ₹80 per 8 grams. The 24-carat gold in Nagpur and Indore was priced at ₹13,776 per gram (up by ₹10) and ₹1,10,208 for 8 grams (up by ₹80).

Higher rates were observed in cities like Surat, Jaipur, Lucknow, Chandigarh, Ludhiana, Vadodara, and Kanpur. In Surat, Jaipur, Vadodara, and Kanpur, 22-carat gold stood at ₹13,174 for 1 gram (up by ₹10) and ₹1,05,392 for 8 grams (up by ₹80), while 24-carat gold reached ₹13,833 per gram (up by ₹11) and ₹1,10,664 for 8 grams (up by ₹88). Lucknow, Chandigarh, and Ludhiana recorded 22-carat gold at ₹13,170 per gram and ₹1,05,360 for 8 grams, alongside 24-carat gold at ₹13,829 per gram (up by ₹11) and ₹1,10,632 for 8 grams (up by ₹88).

Bhubaneswar and Patna noted identical figures for their local markets, with 22-carat gold priced at ₹13,220 per gram (up by ₹10) and ₹1,05,760 for 8 grams (up by ₹80). The 24-carat gold in these two eastern cities stood at ₹13,881 per gram (up by ₹10) and ₹1,11,048 for 8 grams (up by ₹80).

In Mysore, 22-carat gold was recorded at ₹13,180 for 1 gram (up by ₹10) and ₹1,05,440 for 8 grams (up by ₹80). The 24-carat gold in Mysore was priced at ₹13,839 per gram (up by ₹10) and ₹1,10,712 for 8 grams (up by ₹80). Overall, the data confirms incremental gains for both purities across all listed regional hubs.

"The minor upward adjustments in gold prices across various cities on October 24 reflect ongoing localized pricing trends in the bullion market. While the increases are modest at ₹10 per gram for 22-carat and 24-carat variants in most regions, tracking these regional city-wise rates remains essential for buyers, retail jewelers, and market analysts monitoring short-term commodity fluctuations in India." — Dr. Shishir Gupta, Founder & CEO, StartupLanes