Gold Price Today, 1st October 2022: Gold Rates Witness Massive Hike. Check Latest Prices in Delhi, Mumbai And Other Cities

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Gold Price Today, 1st October 2022: Gold Rates Witness Massive Hike. Check Latest Prices in Delhi, Mumbai And Other Cities

Gold price varies in cities like Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Lucknow and other states due to taxes levied on the yellow metal.The price of gold in Hyderabad today is Rs. 48,830 per 10 grams. Check other cities here.

New Delhi: A day after Reserve Bank of India (RBI) hiked the repo rate by 50 basis points (bps), gold rates in India rose by Rs 2,500 per 100 grams for 22-carat. The goodreturns.in website showed that 10 gram of 22-carat gold would cost you 46,800 as compared to Rs 46,550 yesterday. For the unversed, Gold price varies in cities like Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Lucknow and other states due to taxes levied on the yellow metal.

CHECK GOLD RATES PER 10 GRAMS IN TOP INDIAN CITIES TODAY

City                               22-k gold (per 10 gm)                                  24-k gold (per 10 gm)
Delhi                                  Rs 46,800                                                        Rs 51,050
Mumbai                             Rs 46,650                                                        Rs 50,900
Kolkata                               Rs 46,650                                                       Rs 50,900
Chennai                              Rs 46,970                                                       Rs 51,240
Hyderabad                         Rs 46,650                                                       Rs 50,900
Pune                                    Rs 46,680                                                       Rs 50,930
Ahmedabad                       Rs 46,700                                                        Rs 50,950
Lucknow                              Rs 46,800                                                     Rs 51,050

Besides, Indian rupee too witnessed strong rebound after RBI’s rate hike announcement. The Indian currency recorded its highest gain in last 20 days. “Based on an assessment of the macroeconomic situation and its outlook, the MPC decided by a majority of five members out of six to increase the policy repo rate by 50 basis points to 5.9 per cent, with immediate effect,” RBI Governor Shaktikanta Das, heading the MPC, announced the hike yesterday to subdue the inflation.

 

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