Editor’s Note
Today’s domestic bullion market saw gold prices firm up, reinforcing its status as a safe-haven asset, while silver experienced a modest dip. Market movements in the coming days are likely to be influenced by international trends and local demand dynamics.
In the domestic bullion market today, gold prices strengthened while silver saw a slight decline. Gold has once again emerged as a safe investment option for investors. In the coming days, fluctuations in gold and silver prices may be seen based on international cues and demand conditions.
The day began on a very positive note for gold in the domestic bullion market. Due to global cues and investors’ increasing interest in safe investments, gold prices witnessed a surge. In the first session itself, gold became more expensive by 720 to 780 rupees per 10 grams. This rally has once again increased the shine of gold in the market, while silver was seen trading with slight weakness.
In most of the country’s bullion markets today, 24-carat gold is trading between 1,53,940 rupees and 1,54,090 rupees per 10 grams. Meanwhile, the price of 22-carat gold remains in the range of 1,41,110 rupees to 1,41,260 rupees per 10 grams. This surge in prices has kept the eyes of both jewelry traders and investors fixed on the market.
While gold appeared to shine on one hand, on the other hand, a marginal decline was recorded in silver prices. Today, a drop of about 100 rupees per kilogram was seen in silver prices. In the Delhi bullion market, silver is selling at the level of 2,79,900 rupees per kilogram. Although this decline is not very large, it has certainly increased caution in the silver market.
In the capital Delhi today, 24-carat gold has reached 1,54,090 rupees per 10 grams, while 22-carat gold is selling at the price of 1,41,260 rupees per 10 grams. In the country’s economic capital Mumbai, 24-carat gold is trading at 1,53,940 rupees and 22-carat gold at 1,41,110 rupees per 10 grams. Stability in gold demand is being observed in both metropolises.
In Ahmedabad, the retail price of 24-carat gold was recorded at 1,53,990 rupees per 10 grams and the price of 22-carat gold at 1,41,160 rupees per 10 grams. Gold prices remained almost similar in Chennai and Kolkata as well, where 24-carat gold was seen selling at 1,53,940 rupees and 22-carat gold at 1,41,110 rupees per 10 grams.
In Bhopal, 24-carat gold remained at 1,53,990 rupees and 22-carat gold at 1,41,160 rupees per 10 grams. In cities like Lucknow and Jaipur, gold prices were recorded relatively higher today. In these cities, 24-carat gold is selling at 1,54,090 rupees and 22-carat gold at 1,41,260 rupees per 10 grams. Similar prices were seen in Patna as well.
Like other states in the country, a surge in gold prices was recorded today in the bullion markets of Karnataka, Telangana, and Odisha. In Bengaluru, Hyderabad, and Bhubaneswar, 24-carat gold is trading at 1,53,940 rupees per 10 grams and 22-carat gold at 1,41,110 rupees per 10 grams. This clearly shows that the impact of the gold rally is being seen uniformly across the entire country.
