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Gold and silver prices jumped in Delhi, Agra, Ahmedabad, and Lucknow as investors turn to safe assets. Experts predict further rise ahead of festive season amid global instability.
Massive change in gold and silver prices
New Delhi: Today, the prices of both gold and silver increased in many major cities of the country. Investors' eyes have again returned to these metals as there is constant volatility in the stock market. Gold has always been considered a symbol of safe investment in Indian tradition and in the current circumstances this trend seems to be getting even stronger.
In the national capital Delhi, the price of 24 carat gold today was recorded at ₹ 10,700 per gram , the price of 22 carat gold was ₹ 9,809 per gram , and the price of 18 carat gold was ₹ 8,026 per gram .
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With this, the price of silver was ₹ 126.90 per gram and ₹ 1,26,900 per kilogram .
In Agra too, the price of gold and silver remained equal to Delhi. 24 carat gold is selling at ₹10,700 per gram and silver at ₹126.90 per gram. According to local jewelers, an increase in demand for silver is also being seen from the surrounding rural areas. This demand reflects a normal but significant increase before the start of the festive season.
Gold was available at a slightly lower price in Ahmedabad city of Gujarat. Here the price of 24 carat gold was recorded at ₹10,690 per gram, 22 carat ₹9,799 per gram, and 18 carat ₹8,018 per gram.
Ahmedabad has long been a major center of gold trade and its importance remains intact even today. The price of silver here remained stable at ₹126.90 per gram. Interestingly, the new generation has started seeing silver not only as a jewellery but also as a "tradable commodity".
Gold became and Silver become expensive
The price of gold in Lucknow, the capital of Uttar Pradesh, was slightly higher today than in other cities. Here 24 carat gold was recorded at ₹10,777 per gram, 22 carat at ₹9,880 per gram, and 18 carat at ₹8,084 per gram.
The price of silver was ₹126 per gram and ₹1,26,000 per kilogram. This city of Nawabs is known for the old traditions of gold and silver and people here still consider these metals as a safe investment.
Market experts say that if instability persists at the international level, then the prices of both gold and silver may increase further in the coming times.
The festive season is near, so further increase in demand is almost certain. This is the reason why investors are once again considering these metals as the most reliable option for safe investment.
