Gold Rate Today: While gold rates in India reached historic highs at the start of October, driven by concerns over a potential US government shutdown, which led to increased demand for safe-haven assets, in addition to the festive seasonal demand in India.
However, on October 15, Wednesday, gold prices have seen an upward trend across all purity levels, with the consistent price rise reflecting growing demand and market fluctuations influencing gold valuations.
The yellow metal is considered an ideal inflation hedge, with 24-carat gold being the most expensive form of gold and commonly used for investment purposes, while 22-carat gold and 18-carat gold are primarily utilised for jewellery.
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Gold rate in India today, on October 15 (INR):
Gold prices continued their upward trend today, with all major purities recording significant gains. Experts suggest that the surge is driven by strong global demand, inflation concerns, and increased domestic buying ahead of the festive and wedding seasons in India.
Gold prices in India have surged to unprecedented levels, with 24K gold reaching ₹12,889 per gram, marking an increase of ₹54 from the previous day. 22K gold is priced at ₹11,815 per gram, up by ₹50, while 18K gold stands at ₹9,697 per gram, reflecting a rise of ₹71.
24 Carat Gold Rate Per Gram in India (INR)