English
English
English
Gold and silver prices continued their upward trend today with a rise of Rs.43 per gram in 24K gold and Rs.1,000 per kilogram in silver. As prices soar across Kolkata, Mumbai, Delhi NCR, and Bengaluru, investors are asking, is this the ideal moment to buy?
24K gold is priced at Rs.12,206 per gram.
New Delhi: Gold and silver prices witnessed another surge today, continuing the recent upward momentum driven by global economic uncertainty and festive season demand. Silver is priced at Rs.151.50 per gram, up by Rs.1, and Rs.1,51,500 per kilogram, marking an increase of Rs.1,000. Gold too registered gains, with 24K gold now priced at Rs.12,206 per gram, up by Rs.43, while 22K gold touched Rs.11,190 per gram, rising by Rs.40.
The market has shown steady bullishness, influenced by global inflation concerns and rising central bank purchases of gold.
In Kolkata, 24K gold is trading at Rs.12,220 per gram, and 22K gold stands at Rs.11,205 per gram. Silver rates have risen to Rs.1,51,600 per kilogram, up Rs.1,000 from the previous session. With wedding and festive season demand peaking, jewellers in the city are witnessing strong buying activity.
Experts believe that local demand and a weaker rupee against the dollar are contributing to higher prices. Many consumers in Kolkata prefer to buy gold in small quantities during this period, anticipating further price increases.
Air India passenger caught with Rs 20 lakh gold hidden under plastic bottle cap; Full story here
In Mumbai, 24K gold is priced at Rs.12,206 per gram, while 22K gold trades at Rs.11,190 per gram. Silver prices reached Rs.1,51,500 per kilogram, showing steady growth. The bullion market in Mumbai, one of India’s key gold trading hubs, remains active as retail investors seek safe-haven assets amid uncertain equity market conditions.
Financial advisors in the city suggest partial investment in gold through ETFs or sovereign gold bonds to hedge against market risk.
World’s most expensive toilet set for auction at $10 million; Crafted entirely from solid Gold
In Delhi NCR, gold and silver prices mirrored the national trend. 24K gold was recorded at Rs.12,210 per gram, while 22K gold was priced at Rs.11,195 per gram. Silver is selling for Rs.1,51,450 per kilogram. Bullion traders noted that global cues, including geopolitical tensions and central bank policy shifts, continue to drive gold demand among Indian investors.
The demand for physical gold in Delhi’s Chandni Chowk and Karol Bagh markets has been stable, with buyers taking advantage of moderate morning rates before the expected weekend uptick.
In Bengaluru, 24K gold is trading at Rs.12,200 per gram, while 22K gold is priced at Rs.11,185 per gram. Silver stands at Rs.1,51,480 per kilogram. Bengaluru’s younger investors are increasingly opting for digital gold and gold exchange-traded funds (ETFs) rather than traditional jewellery purchases.
Market analysts in the city highlight that demand for gold is shifting toward investment-linked purchases, with more consumers exploring online gold buying platforms.
Gold prices have been steadily climbing due to inflationary pressures, rising geopolitical risks, and robust central bank purchases. Experts suggest that while the market outlook for gold remains positive in the medium term, short-term volatility cannot be ruled out.
For long-term investors, this may still be a good entry point, particularly for those seeking portfolio diversification. However, those looking for short-term gains are advised to wait for price corrections before making large purchases.
As global markets adjust to changing economic dynamics, gold’s role as a safe-haven asset is expected to remain strong through the coming months.
