Gold inches up to ₹1,25,410 per 10g, while silver trades at ₹1.85 lakh/kg
The prices of gold and silver saw a mild increase today, continuing their steady upward trend ahead of the festive season.
Gold price today in India
The price of 24-carat gold stands at ₹1,25,410 per 10 grams, marking a small rise of ₹10 from the previous day. In per-gram terms, 24-carat gold is priced at ₹12,541, while 22-carat gold costs ₹11,496 per gram and 18-carat gold is available at ₹9,406 per gram.
Gold prices in major cities
|
City |
24 K |
22 K |
18 K |
|
Delhi |
₹12,556 |
₹11,551 | ₹9,406 |
|
Mumbai |
₹12,541 |
₹11,496 |
₹9,406 |
|
Chennai |
₹12,634 |
₹11,581 |
₹9,571 |
|
Kolkata |
₹12,541 |
₹11,495 |
₹9,406 |
|
Bengaluru |
₹12,541 |
₹11,496 |
₹9,406 |
|
Hyderabad |
₹12,541 |
₹11,496 |
₹9,406 |
|
Thiruvananthapuram |
₹12,541 |
₹11,496 |
₹9,406 |
Gold continues to hold great importance in Indian households, not only as jewellery for festivals and weddings but also as a trusted investment.
Market watchers note that local gold prices are shaped by both domestic demand and global factors such as international gold rates and the value of the Indian Rupee against the US Dollar.
Silver price today in India
Silver is trading at ₹1,85,000 per kilogram today.
The metal remains a popular option for jewellery buyers and investors alike. Like gold, silver rates depend on global price trends, industrial demand, and seasonal buying during festivals and weddings.
What affects gold and silver prices?
Several factors continue to drive the movement of precious metal prices in India:
- Global trends: International demand, supply levels, and investor confidence influence gold and silver prices worldwide. Rates often increase during times of global uncertainty or conflict.
- Currency exchange: A weaker Indian Rupee against the U.S. Dollar raises domestic prices of imported metals.
- Local demand: Festive and wedding seasons, especially around Dhanteras and Diwali, tend to boost gold and silver purchases.
- Central bank policies: Decisions by the Reserve Bank of India (RBI) regarding interest rates, inflation, and foreign reserves also affect market conditions.
Tips for buyers and investors
Before purchasing gold or silver, consumers should keep a few key points in mind:
- Always look for BIS Hallmark certification to ensure purity.
- Compare prices from different jewellers before buying.
- Ask for proper billing and weight documentation.
- Keep an eye on daily price trends to identify good buying opportunities.
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