English
Gold and silver prices continued their upward momentum in the Indian bullion market for the second consecutive day amid rising global geopolitical tensions. Gold prices edged higher across major cities, with Delhi and Chennai witnessing notable rates.
Silver Shines Again, Prices Climb Across Major Indian Cities
New Delhi: The domestic bullion market is being directly impacted by deepening global geopolitical tensions and fluctuations in the dollar. Both gold and silver are rising as investors seek safe havens. Their prices rose for the second consecutive day on Tuesday, keeping everyone from ordinary buyers to investors focused on the market.
In the capital, Delhi, 24-carat gold rose by ₹10 per 10 grams today, reaching ₹1,38,380. 22-carat gold also increased by ₹10, reaching ₹1,26,860 per 10 grams. In the past two days, 24-carat gold has risen by ₹2,410 and 22-carat gold by ₹2,210 per 10 grams. This rise indicates that the market remains strong.
Gold prices fall as new week begins; Check latest rates
Gold prices followed a similar trend in major metropolitan cities across the country. In Mumbai, Kolkata, Bengaluru, and Hyderabad, 24-carat gold remained at ₹1,38,230 per 10 grams, while in Chennai, it reached the highest price at ₹1,39,210. 18-carat gold was priced at ₹1,06,510 in Chennai, which is higher than in other cities.
Silver prices also rose for the second consecutive day. One kilogram of silver sold for ₹2,48,100 in Delhi today, a slight increase of ₹100. However, silver has become more expensive by a total of ₹7,100 in two days. Previously, silver prices had seen wide fluctuations, with significant declines in the last days of last year and the beginning of the new year.
Gold Prices Surge: Yellow metal up Rs 760 in a week amid global uncertainty
Compared to other metropolises, silver is selling at the same price in Mumbai and Kolkata as in Delhi, while in Chennai, silver has reached ₹2,66,100 per kg. This means that among the four major metropolises, silver is the most expensive in Chennai.
According to experts, gold and silver prices are likely to remain strong as long as global uncertainty persists. Investors are currently monitoring the market cautiously.