Editor’s Note
As gold and silver prices surge to record levels, this analysis examines the drivers behind the rally and what it means for investors navigating this volatile market.
The ongoing bullish trend in the bullion market has propelled both gold and silver to new heights. Silver’s record-breaking leap and gold’s sustained strength indicate that prices could climb even higher in the coming days. For investors, this is a time for vigilance and adopting the right strategy.
The domestic bullion market witnessed a bullish trend once again today. Driven by global cues and domestic demand, gold prices recorded a strong surge. Today, gold became more expensive by 440 to 480 rupees per 10 grams. This rally has created an atmosphere of enthusiasm among investors and jewelry traders.
Alongside gold, silver also made a strong jump in the market today. Silver prices surged by up to 20,100 rupees per kilogram today, reaching around three lakh rupees per kilogram in the Delhi bullion market. This rapid pace of silver has surprised investors.
Due to the price surge, 24-carat gold was seen trading between 1,54,420 rupees and 1,54,570 rupees per 10 grams in most bullion markets across the country today. Meanwhile, 22-carat gold remained in the range of 1,41,550 rupees to 1,41,700 rupees per 10 grams.
In the capital Delhi, 24-carat gold is trading at 1,54,570 rupees per 10 grams today, while 22-carat gold was recorded at 1,41,700 rupees per 10 grams. In the country’s economic capital Mumbai, 24-carat gold is selling at 1,54,420 rupees and 22-carat gold at 1,41,550 rupees per 10 grams.
In Ahmedabad, the retail price of 24-carat gold reached 1,54,470 rupees per 10 grams and 22-carat gold reached 1,41,600 rupees per 10 grams. Gold prices remained almost similar in Chennai and Kolkata as well, where 24-carat gold was seen trading at 1,54,420 rupees and 22-carat gold at 1,41,550 rupees per 10 grams.
In Bhopal, 24-carat gold remained at 1,54,470 rupees per 10 grams and 22-carat gold at 1,41,600 rupees per 10 grams. Meanwhile, in Lucknow and Jaipur, gold prices reached high levels today. In these cities, 24-carat gold is selling at 1,54,570 rupees and 22-carat gold at 1,41,700 rupees per 10 grams.
In Patna, the price of 24-carat gold was recorded at 1,54,470 rupees per 10 grams and 22-carat gold at 1,41,600 rupees per 10 grams. Demand for gold persists in the markets of Eastern India as well, providing support to prices.
The bullion markets in Karnataka, Telangana, and Odisha also witnessed a bullish atmosphere today. In Bengaluru, Hyderabad, and Bhubaneswar, 24-carat gold was seen trading at 1,54,420 rupees per 10 grams and 22-carat gold at 1,41,550 rupees per 10 grams.
According to experts, the rise in gold and silver prices is due to strength in the international market, fluctuations in the dollar, and increasing demand for safe-haven investments. In addition, the approaching wedding season is also strengthening the bullion market.
