Gold and silver prices continued their upward trend for the second consecutive day in India. Gold gained across major cities, while silver prices also climbed sharply. Rates remain elevated in metro cities, with Chennai being the costliest market.
Gold Turns Costlier as Silver Extends Rally
New Delhi: Gold and silver prices continue their upward trend. Both precious metals became more expensive for the second consecutive day today. After two days of stability, gold prices have surged. In Delhi, 24-karat gold became ₹10 more expensive per 10 grams, while the price of 22-karat gold also increased by ₹10. In the last two days, 24-karat gold has become ₹1,980 and 22-karat gold ₹1,810 more expensive per 10 grams.
Gold prices remain high in major cities across the country. In Delhi, 24-karat gold reached ₹1,36,310, 22-karat gold ₹1,24,960, and 18-karat gold ₹1,02,270 per 10 grams. In Mumbai, Kolkata, Bengaluru, and Hyderabad, the price of 24-karat gold was recorded at ₹1,36,160 per 10 grams. Gold is most expensive in Chennai, where 24-karat gold is selling at ₹1,37,140 per 10 grams.
Gold prices slip on first day of the week, Silver also declines; Check rates here
Gold prices remain strong in cities across North India as well. In Lucknow and Jaipur, 24-karat gold is at ₹1,36,310 per 10 grams, while in Patna and Ahmedabad, it is trading at ₹1,36,210 per 10 grams. The price of 18-karat gold also remains above one lakh rupees in all cities.
Along with gold, silver prices are also seeing an upward trend. After a day of stability, silver became more expensive in Delhi for the second consecutive day. In two days, one kilogram of silver has become up to ₹5,100 more expensive. Today, December 23, silver is selling at ₹2,19,100 per kilogram in Delhi, registering an increase of ₹100 today. Silver Prices in Major Cities
In Mumbai and Kolkata, silver is also selling at the same price as in Delhi, at ₹2,19,100 per kilogram. However, silver is most expensive in Chennai, where its price is recorded at ₹2,31,100 per kilogram. This clearly indicates that the demand and prices of silver in South India remain higher than in North and West India.
A bullish trend is also being predicted for gold in the international market. American economist and market strategist Ed Yardeni believes that gold prices could see a tremendous surge by the end of this decade. According to CNBC-TV18, Ed Yardeni, President of Yardeni Research, says that the price of gold could reach $10,000 per ounce by 2029.
Gold prices rise slightly, Silver surges Rs 16,000 in a week; Check rates here
Currently, gold is trading at around $4,400 per ounce on COMEX in the international market. If the prediction proves correct, gold in the Indian market could rise by 127 percent by 2029, crossing ₹3 lakh per 10 grams. Experts say that in uncertain global conditions, gold remains a strong foundation for an investment portfolio.
