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Gold prices in India have risen sharply over the past week. The price of 24-carat gold increased by ₹3,980, reaching ₹1,29,970 per 10 grams in Delhi, while 22-carat gold rose by ₹3,650. Silver also gained ₹21,000 per kg.
Gold & Silver Rates Today: 24K Hits ₹1,29,970 in Delhi
New Delhi: Gold prices across the country continue to rise. Over the past week, the price of 24-carat gold has increased by ₹3,980. Meanwhile, the price of 22-carat gold has increased by ₹3,650. On November 30, the price of 24-carat gold in the capital, Delhi, was recorded at ₹1,29,970 per 10 grams, and the price of 22-carat gold was recorded at ₹1,19,150 per 10 grams.
Gold prices are also rising in cities like Delhi, Mumbai, Chennai, and Kolkata.
Delhi: 24 carat ₹1,29,970, 22 carat ₹1,19,150
Mumbai: 24 carat ₹1,29,820, 22 carat ₹1,19,000
Chennai/Kolkata: 24 carat ₹1,29,820, 22 carat ₹1,19,000
In Pune and Bengaluru, 24 carat gold is also trading at ₹1,29,820 and 22 carat ₹1,19,000 per 10 grams.
Expectations of an interest rate cut by the US central bank (Fed) in December are growing. If this happens, gold prices could rise further. Rate reductions make bonds less attractive, and investors increase their investments in safe-haven options like gold.
Like gold, silver prices are also rising. Silver prices have risen by ₹21,000 in a week. On November 30th, the price of silver was recorded at ₹1,85,000 per kilogram. The spot price of silver in the global market is $53.81 per ounce.
American businessman and author Robert Kiyosaki estimates that silver could soon reach $70 and $200 per ounce by 2026. Gold and silver prices in India are being influenced not only by domestic but also by global factors.
Rising gold and silver prices in India are increasing investor demand for safe haven options. This trend is evident in Delhi, Mumbai, Chennai, Kolkata, Bengaluru, and other cities. Future US Federal Reserve policies and global market conditions could further influence gold and silver prices.
