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Gold and silver prices continue their upward trend. Gold prices have risen for the third consecutive day, with 24-karat gold reaching ₹1,35,000 per 10 grams in Delhi. Silver is also trading strongly at ₹2,11,100 per kilogram.
Gold Prices Hit Fresh Highs as Safe-Haven Demand Grows
New Delhi: In the domestic bullion market, gold prices have surged for the third consecutive day. On the morning of December 19, the price of 24-karat gold in Delhi reached ₹1,35,000 per 10 grams, while 22-karat gold was trading at ₹1,23,760 per 10 grams. Strong demand and global uncertainties have kept gold attractive as a safe-haven investment.
Gold prices remain high in other major cities across the country. In Mumbai, Chennai, and Kolkata, 24-karat gold reached ₹1,34,850 per 10 grams and 22-karat gold reached ₹1,23,610 per 10 grams. Similar prices were recorded in Pune and Bengaluru, indicating uniformity in gold prices across the country.
Gold prices rise further, Silver hits record high; Check rates here
In Ahmedabad and Bhopal, the price of 24-karat gold was ₹1,34,900 and 22-karat gold was ₹1,23,660 per 10 grams. In Jaipur, Lucknow, and Chandigarh, 24-karat gold reached ₹1,35,000 and 22-karat gold reached ₹1,23,760 per 10 grams. Prices are being supported by investor demand as well as demand from the wedding season.
In the international market, the spot price of gold remains at $4,325.02 per ounce. Expectations of further interest rate cuts by the US Federal Reserve have boosted the price of gold. The dovish stance of Fed Governor Christopher Waller and rising unemployment rates in the US have put pressure on the dollar, providing support for gold.
Gold, Silver prices spike amid global market trends; Check today’s rates here
Along with gold, silver prices are also experiencing a strong surge. On Friday morning, silver reached ₹211,100 per kilogram in the domestic market. The international spot price of silver was recorded at $66.04 per ounce. Strong industrial demand, supply shortages, and increasing investments in silver ETFs have propelled silver to new highs.
According to experts, a potential ban on silver exports by China from 2026 and a continued global supply deficit could keep upward pressure on prices. Silver prices have already increased by 126 percent so far this year. Market analysts believe that despite potential fluctuations, the upward trend in precious metals is likely to continue in the coming period.
