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On Navratri’s fifth day, gold prices dip while silver hits a record ₹1.4 lakh/kg. Experts predict continued silver rally and gold volatility amid global economic factors and rising safe-haven demand.
Gold, Silver prices in India are showing relative stability today
New Delhi: Today is the fifth day of Navratri, and this is the second consecutive day when gold prices have declined. Meanwhile, silver has touched a record high. Changes in gold and silver prices are being observed in major cities across the country. In cities like Delhi, Lucknow, Jaipur, Noida, Mumbai and Ghaziabad, gold has become approximately ₹800 cheaper than before.
Gold-Silver Rate Today: Prices drops; Know city-wise updated rates
Although gold prices have declined today, they remain close to their peak levels. According to experts, international factors, not domestic ones, are influencing its prices, such as the global economic situation, the US dollar situation, and the increasing demand for safe haven investments.
| City | 24 Carat (₹/10 grams) | 22 Carat (₹/10 grams) |
|---|---|---|
| Delhi | ₹1,14,580 | ₹1,05,040 |
| Noida | ₹1,14,580 | ₹1,05,040 |
| Ghaziabad | ₹1,14,580 | ₹1,05,040 |
| Lucknow | ₹1,14,580 | ₹1,05,040 |
| Jaipur | ₹1,14,580 | ₹1,05,040 |
| Patna | ₹1,14,430 | ₹1,04,890 |
| Bhubaneswar | ₹1,14,430 | ₹1,04,890 |
| Mumbai | ₹1,14,430 | ₹1,04,890 |
| Kolkata | ₹1,14,430 | ₹1,04,890 |
Silver prices recorded a sharp rise of ₹1,000 in the Delhi bullion market on Thursday. Silver prices have now reached ₹140,000 per kilogram, their highest level ever. Earlier, silver had closed at ₹139,000 per kilogram on Wednesday. This rally is also being attributed to strong signals and increased demand in the international market.
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Experts believe that:
Despite the stability in gold and silver prices in recent years, investor interest has increased. Especially small and medium investors are now participating in their purchase through digital platforms. Considering the upcoming festivals and wedding season, there is a possibility of further increase in the demand and prices of gold and silver.
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On this auspicious occasion of Navratri, while silver has reached new highs, gold prices have seen some relief. However, due to global factors, further fluctuations in both metals remain. Therefore, it is crucial to seek sound advice and study market conditions before investing.
