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Gold prices surged on 20 November across major Indian cities, with 24-carat gold touching ₹1,25,020 per 10 grams in Delhi. Other metros like Mumbai, Chennai and Kolkata also recorded a rise, with prices hovering near ₹1,24,870.
24K Gold Hits ₹1,25,020 in Delhi as Bullion Market Gains Strength
New Delhi: Gold and silver prices saw a sharp rise across the country on Thursday, November 20th. Amid the wedding season, strong gold prices have added to consumers' pockets in the domestic market. Gold and silver prices are also showing strength in the international market, directly impacting the Indian market.
Gold prices have seen a significant increase in the capital, Delhi.
This is significant news for both consumers and jewelers, as rising prices directly impact investment and purchasing decisions.
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Gold prices have also seen an increase in major cities across the country, including Mumbai, Chennai, and Kolkata, today.
Prices in these cities remained at roughly the same level, indicating a consistent rise in gold prices nationally.
In Pune and Bengaluru:
24-carat gold: ₹1,24,870 per 10 grams
22-carat gold: ₹1,14,460 per 10 grams
The Bengaluru jewelry market has been experiencing a steady rise over the past few weeks, which is believed to be a sign of increased investor interest.
City 22 Carat 24 Carat
Delhi 1,14,610 1,25,020
Mumbai 1,14,460 1,24,870
Ahmedabad 1,14,510 1,24,920
Chennai 1,14,460 1,24,870
Kolkata 1,14,460 1,24,870
Hyderabad 1,14,460 1,24,870
Jaipur 1,14,610 1,25,020
Bhopal 1,14,510 1,24,920
Lucknow 1,14,610 1,25,020
Chandigarh 1,14,610 1,25,020
The spot price of gold in global markets today was $4,114.01 per ounce, a positive sign. This has raised hopes of a continued upward trend in Indian markets.
International economic fluctuations, a weakening dollar index, and increased central bank purchases have all had a positive impact on gold prices.
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Not just gold, silver also saw a significant increase today.
Silver domestic price: ₹1,68,100 per kilogram
International spot price: $52.26 per ounce
Silver prices have been steadily rising, driven by industrial demand and global economic indicators.