Gold Prices Rise Sharply Across India, Silver Sees Marginal Gain in Bullion Market

Strong early trading pushes gold above ₹1.46 lakh per 10 grams while silver records modest increase

Gold prices moved higher across domestic bullion markets on Thursday, with a sharp rise recorded in early trading. Silver prices also edged up slightly, reflecting continued strength in precious metals.

The increase comes amid ongoing global market fluctuations and sustained investor interest in safe-haven assets.

Key Announcements / Highlights

Gold prices rose by approximately ₹3,470 to ₹3,780 per 10 grams across major Indian cities. This pushed 24-carat gold prices to a range of ₹1,46,680 to ₹1,46,830 per 10 grams, while 22-carat gold traded between ₹1,34,460 and ₹1,34,610.

Silver prices recorded a comparatively modest increase of around ₹100 per kilogram, with rates hovering near ₹2,50,100 per kilogram in key markets such as Delhi.

Major metro markets, including Delhi, Mumbai and Ahmedabad, reported similar pricing trends, with minor regional variations. Southern and eastern cities such as Chennai, Bengaluru and Kolkata also saw consistent pricing within the same range.

Official Assessment

Market observers attribute the rise in gold prices to continued global uncertainty and steady demand from investors seeking stability. Gold is traditionally viewed as a safe-haven asset, meaning its demand tends to increase during periods of economic or geopolitical uncertainty.

Silver, while also influenced by investment demand, showed only a slight increase, suggesting relatively stable industrial demand conditions compared to gold’s stronger investor-driven momentum.

Context / Background

Gold and silver prices in India are influenced by several factors, including international market trends, currency movements and domestic demand. Prices are typically updated daily based on global benchmarks and local market conditions.

Gold, in particular, often sees increased demand during times of inflation or uncertainty, as it is considered a store of value. Silver, on the other hand, has dual roles as both an investment asset and an industrial metal.

Recent global developments, including fluctuations in currency values and geopolitical tensions, have contributed to volatility in precious metal prices.

Public Impact

For consumers, rising gold prices may affect jewellery purchases, especially during the wedding season or festive periods. Higher prices can lead to increased costs for buyers but may benefit investors holding gold assets.

The modest rise in silver prices is less likely to have an immediate impact on consumers but could influence industrial costs in sectors such as electronics and manufacturing.

Conclusion

The upward trend in gold prices reflects continued demand for safe-haven assets, while silver’s modest increase indicates stable market conditions. Market participants will be closely watching global cues and currency movements to assess whether the rally in gold can be sustained in the coming days.

Input & Images: Hindusthan Samachar

Edited by Manten Sasank

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