Gold Price In Delhi Is Rs 6,470 Away From Rs 1,00,000 Per 10 Grams; Check 22K, 24K, 18K Gold Rates

Gold prices in India witnessed a strong surge on April 10, with 24K gold prices in the national capital, Delhi skyrocketing by Rs 29,400 in 100 grams. The 10 grams of gold in 24K also reported a sharp surge and is now nearly Rs 6,500 away from hitting the Rs 1,00,000 mark. The gold rally comes at a time when India is celebrating Mahavir Jayanti on Thursday. During festival seasons, in general terms, demand for gold is high. The performance also tracked international gold prices that surged sharply owing to the trade war between the USA and China.

Gold Prices In Delhi:

100 grams of gold in 24K climbed by Rs 29,400 to Rs 9,35,300 on April 10, while 10 grams of gold climbed by Rs 2,940 to Rs 93,530. With that, 10 grams of gold in Delhi is away by Rs 6,470 to touch Rs 1,00,000 levels. Further, 8 grams of gold shot up by Rs 2,352 to Rs 74,824, and 1 gram of gold rose by Rs 294 to Rs 9,353.

In the case of 22K, the price of 100 grams of gold spiked by Rs 27,000 to Rs 8,57,500, while 10 grams of gold jumped by Rs 2,700 to Rs 85,750. Also, 8-gram and 1-gram gold prices are up by Rs 2,160 and Rs 270 to Rs 68,600 and Rs 8,575 respectively.

Finally, the 18K gold in 100 grams climbed by Rs 22,100 to Rs 7,01,600, and that of 10 grams gold price soared by Rs 2,210 to Rs 70,160. Additionally, on Thursday, 8 grams of gold and 1 gram of gold are at Rs 56,128 and are 7,016, up by Rs 1,768 and Rs 221 respectively.

Silver Prices In Delhi:

In the national capital, the prices of silver also recorded a strong surge. 1Kg silver is available at Rs 97,000 on April 10, registering a growth of Rs 4,000 from, the previous day. Furthermore, the 100-gram silver price is at Rs 9,700, up by Rs 400, while 10-gram silver is at Rs 970, up by Rs 40. Lastly, 8 grams of silver edged up by Rs 32 to Rs 776, and 1 gram of silver rose by Rs 4 to Rs 97.

Apart from physical gold, there are several other options to enjoy investment in gold. Here's what they are, as per the World Gold Council:

Gold-backed ETFs & similar products:

Physically-backed gold exchange-traded funds (ETFs), exchange-traded commodities (ETCs), and similar products are exchange-traded investment vehicles that invest in gold bullion. They account for approximately one-third of the demand for gold as an investment. Shares in physical gold ETFs can be bought and sold similarly to shares of companies through exchanges. Physical gold ETFs are targeted at both individual and institutional investors and the price usually tracks the performance of the underlying gold spot price.

Gold futures, options & forwards

Gold futures are agreements to buy or sell gold in the future at specified terms, including price, quantity, quality and date. Gold futures are standardised contracts, which are traded on regulated exchanges and give investors the flexibility to go either long or short on gold. They are typically used by corporate customers for risk management purposes or by institutional customers for speculative purposes.

Gold savings plans

Regular gold savings plans allow customers to build gold holdings by making periodic purchases, for example on a weekly or monthly basis. Providers of gold savings plans safely store customers' gold on their behalf and these plans are typically targeted at mass market consumers because both minimum investments and regular savings amounts are low.

Investment bars & coins

One of the simplest ways of obtaining gold as an investment is to buy investment bars and coins, from a bank or reputable dealer. When buying gold in these forms, investors pay a premium over the spot gold price, and investors must take care of delivery, storage and insurance. Small bars and coins accounted for approximately two-thirds of annual gold investment demand and around one quarter of global gold demand over the past decade.