Gold price remain constant on 8th October 2023

Gold prices in India vary across cities due to factors like demand, supply, state government taxes, and transportation charges. As of October 7, 2023, 24-karat gold in Mumbai is Rs 57,650 per 10 grams, while 22-karat gold in Mumbai is Rs 52,850 per 10 grams. Gold Price India provides a detailed breakdown of current gold prices for different weights and karats.

The first large private gold mine in India, the Jonnagiri Gold Project, is expected to begin full-scale production by the end of next year. If we consider the gold rate on 8th October 2023 for 24 carats (10 grams) is around Rs 56,540, while the rate for 22-carat gold (10 grams) remained at Rs 51,790 in India.

Gold Price in India
Gold Price in India

A very minimal change in the rates of 24 carat/ 22 carats was recorded in the last 24 hours. However, the gold price has been in a downtrend in the last 15 days.

When it comes to Silver rates in India, 1kg of the silver metal cost Rs 67,100. Rates have remained same in India as compared to yesterday.

Gold price in the different cities of India:

Here are the gold prices in important cities in India:

City22K Today24K Today
Chennai          ₹53,700             ₹58,580
Mumbai          ₹53,150 ₹57,980
Delhi₹53,300 ₹58,130
Lucknow ₹53,300₹58,130
Madurai ₹53,700₹58,580
Patna ₹53,200₹58,030
Bhubaneswar  ₹53,150₹57,980
Mangalore ₹53,150₹57,980

What is the difference between 24-karat and 22-karat gold?

In general, the purity of gold is measured with the help of a unit of measurement karat (K) is used to represent. Karat values generally increase with purer gold, With a purity of 99.9%, 24-carat gold is thought to be the purest type of gold (123).

In contrast, 22-karat gold is made up of 22 parts gold, 2 parts copper, and other metals like zinc. This makes it more durable and ideal for jewelry manufacture than 24-carat gold.

In a nutshell, the purity and makeup of 24-karat and 22-karat gold are the primary differences between them. Although 24-carat gold is thought to be the finest version of the metal, it is too soft to be used in jewelry. However, 22-karat gold is more robust and hardy.

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