Gold prices witnessed an upward movement today across India, driven by recent market dynamics. On the other hand, silver prices continued to decline in several regions. The fluctuation in precious metal rates is largely influenced by global economic factors, including currency movements and changes in international demand.

Overview of Gold Prices in India

Gold rates in India vary depending on purity levels, with 24-carat, 22-carat, and 18-carat gold being the most common forms sold. As of today, prices for 24-carat gold per 10 grams range from ₹72,000 to ₹74,000 across different cities. The 22-carat variety, typically used for jewellery, is priced slightly lower, while 18-carat gold is more affordable and mainly used in designer or customised ornaments.

The strengthening of global gold prices has contributed to the current rise in domestic markets. Factors such as geopolitical uncertainties, fluctuations in the US dollar, and movements in international interest rates are key influencers behind these trends.

Silver Prices Continue to Slide

While gold has seen a price hike, silver has continued on a downward trajectory. The metal has recorded a marginal decline in several cities today. Market experts attribute the dip in silver rates to reduced industrial demand and easing concerns over supply constraints. Silver is widely used in manufacturing, electronics, and the solar energy industry, which makes its price more sensitive to industrial demand than gold.

Gold Rates in Major Indian Cities

As of the latest update, here are the prevailing gold prices per 10 grams for different purities in 10 major Indian cities:

In Delhi, 24-carat gold is trading around ₹73,180, while 22-carat is priced at approximately ₹67,040. In Mumbai, 24-carat gold is available at about ₹73,050 and 22-carat at ₹66,900. Bengaluru saw 24-carat gold at ₹73,000 and 22-carat at ₹66,850.

In Chennai, gold rates stood at ₹74,050 for 24-carat and ₹67,860 for 22-carat. Hyderabad and Kolkata mirrored similar prices, with 24-carat gold priced near ₹73,000 and 22-carat close to ₹66,850. In Ahmedabad and Jaipur, 24-carat gold was trading at approximately ₹73,100 and ₹73,200 respectively.

In Pune, the gold price for 24-carat stood at around ₹73,050, while Lucknow recorded 24-carat gold at almost ₹73,150. Across most cities, 18-carat gold prices are observed in the ₹55,000–₹56,000 range for 10 grams.

Market Sentiment and Purchasing Trends

Gold continues to be viewed as a stable investment, particularly during times of uncertainty. With the current volatility in global markets, consumers and investors are closely watching price trends. Jewellers are also anticipating increased footfall as festive and wedding seasons approach in several parts of the country.

Gold rates are updated multiple times daily and are influenced by a combination of domestic demand, international prices, and currency fluctuations. Buyers are advised to check the latest rates before making any purchase decisions.

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