Silver jumps 2.7% on MCX; Gold edges higher as wedding demand supports prices

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New Delhi: Gold and silver prices in India witnessed a modest rise on Tuesday, supported by steady wedding season demand and firm global cues.

On the Multi Commodity Exchange (MCX), gold was trading at Rs 1,241 per gram, up 0.79 per cent, while silver surged 2.70 per cent to Rs 6,821 per 10 grams as of 9:12 am.

However, in the futures market, gold’s April contract slipped 0.2 per cent to Rs 1,56,539 per 10 grams. Silver futures for March were largely flat, trading at Rs 2,52,300 per kilogram.

In the international market, gold traded above $5,038 per ounce, supported by weaker-than-expected US retail sales data, which strengthened expectations of a potential interest rate cut by the Federal Reserve. Silver also posted marginal gains, hovering at $81.31 per ounce.

Gold Prices Across Major Cities (per 10 grams)

• Delhi: 24K - Rs 1,58,930 , 22K - Rs 1,45,700
• Mumbai: 24K - Rs 1,58,780 , 22K - Rs 1,45,550
• Kolkata: 24K - Rs 1,58,780 , 22K - Rs 1,45,550
• Chennai: 24K - Rs 1,59,060 , 22K - Rs 1,45,800
• Lucknow: 24K - Rs 1,58,930 , 22K - Rs 1,45,700
• Noida: 24K - Rs 1,58,930 , 22K - Rs 1,45,700
• Gurugram: 24K - Rs 1,58,930 , 22K - Rs 1,45,700
• Ahmedabad: 24K - Rs 1,58,830 , 22K - Rs 1,45,600
• Bengaluru: 24K - Rs 1,58,780 , 22K - Rs 1,45,550
• Kerala: 24K - Rs 1,58,780 , 22K - Rs 1,45,550
• Hyderabad: 24K - Rs 1,58,780 , 22K - Rs 1,45,550

Silver Prices Across Major Cities (per kg)

• Mumbai: Rs 2,52,830
• Delhi: Rs 2,52,390
• Chennai: Rs 2,53,560
• Hyderabad: Rs 2,53,230
• Kolkata: Rs 2,89,900
• Bengaluru: Rs 2,89,900
• Ahmedabad: Rs 2,89,900

The steady rise in prices reflects a combination of domestic festive demand and supportive global factors, keeping bullion markets active at the start of the trading day.