Gold Hits Fresh Highs in India as Prices Jump Sharply
New Delhi: Gold and silver prices are rising sharply across India, catching the attention of both investors and everyday buyers. In the past week, the gold has seen a strong jump, while silver has surged even higher, moving close to record levels. The ongoing rally reflects strong global demand and economic uncertainty, pushing precious metals into the spotlight once again.
Gold prices have increased significantly in a short span of time. According to the latest data, 24-carat gold has become costlier by around ₹1,910 in the past week. At the same time, 22-carat gold has risen by nearly ₹1,750. On April 12, gold prices in Delhi stood at ₹1,52,990 per 10 grams for 24-carat gold, while 22-carat gold was priced at ₹1,40,250 per 10 grams.
The rise in gold prices is not limited to Delhi. Other major cities have also seen similar trends. In Mumbai and Kolkata, 24-carat gold is priced at ₹1,52,840 per 10 grams, while 22-carat gold stands at ₹1,40,100 per 10 grams. In Chennai, gold is even more expensive with 24-carat gold reaching ₹1,54,100 per 10 grams, the highest among major cities. Cities like Pune and Bengaluru are trading at nearly the same levels as Mumbai, while Lucknow, Jaipur and Chandigarh are seeing prices around ₹1,52,990 per 10 grams.
Silver has also witnessed a sharp rise. In the past week alone, prices have gone up by nearly ₹10,000 per kilogram. On April 12, silver was priced at around ₹2,60,000 per kilogram. Earlier, it was trading at ₹2,47,000 per kilogram and even saw a single day jump of ₹3,800.
Experts say the rally in gold and silver is driven by global factors. These include strong international demand, fluctuations in the US dollar and ongoing global economic uncertainty. In the global market, gold is currently trading near $4,777.17 per ounce, while silver is around $75.91 per ounce.
Market analysts believe that gold and silver prices may continue to remain volatile in the coming days. They advise investors to stay careful and make decisions based on global market trends and risk factors.
