Gold and silver prices rose again across India on Friday, continuing the upward trend driven by strong wedding-season demand and global economic uncertainty. Despite higher costs, jewellers report sustained buying, particularly for traditional ornaments and investment coins.

Analysts say precious metals are benefiting from safe-haven demand, currency movements and persistent inflation concerns worldwide.

Gold Prices Rise Across Major Cities

Gold rates increased across metropolitan centres, with slight variations due to local taxes and logistics.

– Delhi: 24K – Rs 15,976 per gram | 22K – Rs 14,646 per gram

– Mumbai: 24K – Rs 15,961 per gram | 22K – Rs 14,631 per gram

– Kolkata: 24K – Rs 15,961 per gram | 22K – Rs 14,631 per gram

– Chennai: 24K – Rs 16,136 per gram | 22K – Rs 14,721 per gram

Jewellers noted that 22-carat gold remains the most sought-after for jewellery, especially bridal purchases.

Silver Prices Also See Sharp Increase

Silver prices climbed significantly, supported by both investment demand and industrial consumption.

– India Average: Rs 2,89,900 per kilogram (Silver 999)

– Sterling Silver (925): Around Rs 2,89,000 per kilogram

– Delhi: Rs 2,899 per 10 grams

– Mumbai: Rs 2,899 per 10 grams

– Kolkata: Rs 2,899 per 10 grams

– Chennai: Rs 2,899 per 10 grams

Traders say silver is attracting buyers looking for a lower-cost alternative to gold.

Demand And Global Factors Driving Rally

Experts attribute the continued surge to a mix of domestic and international influences. The ongoing wedding season is boosting retail purchases, while geopolitical tensions and movements in the US dollar are supporting global bullion prices.

Currency fluctuations, especially the rupee’s performance against the dollar, also affect domestic rates since India imports most of its gold and silver.

Market watchers expect prices to remain volatile but elevated in the near term, keeping both investors and jewellery buyers closely focused on daily movements.