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Gold Price Soars on Gandhi Jayanti, Shocks Jewelry Lovers After Recent Dip
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News18•02-10-2026, 12:03
Gold Price Soars on Gandhi Jayanti, Shocks Jewelry Lovers After Recent Dip
- •Gold prices, which had been declining for two to three days, surged again on Gandhi Jayanti.
- •On October 1st, 24-carat 10 grams gold decreased by 330 rupees, but on October 2nd, it increased by 1,040 rupees.
- •In Bengaluru, 24-carat 10 grams gold is 1,50,280 rupees, and 22-carat 10 grams gold is 1,37,750 rupees.
- •Silver prices remained unchanged today, with 1 kg of silver at 2,35,000 rupees.
- •Market experts attribute fluctuations to US-Iran tensions, global economic uncertainty, and US Federal Reserve interest rate hikes.
Key Questions Answered
On Gandhi Jayanti, 24-carat 10 grams of gold increased by 1,040 rupees to reach 1,50,280 rupees, while 22-carat 10 grams increased by 950 rupees to reach 1,37,750 rupees in Bengaluru.
On October 1st, 24-carat gold decreased by 330 rupees and 22-carat by 300 rupees, but on October 2nd, prices surged by three times that amount, with 24-carat 10 grams rising by 1,040 rupees.
Market fluctuations are driven by global economic uncertainty, US-Iran tensions, and the US Federal Reserve raising interest rates after three years, which shifts investor focus toward interest-bearing sectors.
