New Delhi: On Sunday, May 24, gold and silver remained scrutinizingly stable in the bullion market. MCX remains sealed on Saturday-Sunday, hence live trading rates were not available. As per Friday's latter price, gold is hovering whilom Rs 1.5 lakh but has softened a bit compared to the last few days. According to the Indian Bullion Association, at 8:30 am on Saturday, 24-carat gold was Rs 159,340 per 10 grams. 22 carat gold was sold at Rs 146,062 per 10 grams. Silver 999 fine remained at Rs 272,270 per kg. What is the rate prevailing in big cities?
Price in Delhi
- 24-carat gold: Rs 158,770/10 grams
- 22-carat gold: Rs 145,539/10 grams
- Silver 999: Rs 271,310/kg
Price in Mumbai
- 24 carat: Rs 159,050/10 grams
- 22 carat: Rs 145,796/10 grams
- Silver: Rs 271,780/kg
Price in Bengaluru
- 24 carat: Rs 159,170/10 gm
- 22 carat: Rs 145,906/10 gm
- Silver: Rs 271,990/kg
Price in Kolkata
- 24 carat: Rs 158,840/10 gm
- 22-carat: Rs 145,603/10 gm
- Silver: Rs 271,420/kg
Price in Hyderabad
- 24 carat: Rs 159,300/10 gm
- 22 carat: Rs 146,025/10 gm
- Silver: Rs 272,210/kg
Price in Chennai
- 24 carat: Rs 159,510/10 gm
- 22 carat: Rs 146,218/10 gm
- Silver: Rs 272,570/kg
What is the difference between 24 carat and 22 carat?
24-carat gold is considered the purest, 99.9% pure. But it is very soft and cannot be used to make jewelry. 22 karat contains 91.6% gold, the rest is mixed with copper-zinc to make the jewelry stronger. That's why mostly 22 carat jewelry is misogynist in the shops.
How much have gold and silver increased in the last few years?
Last year, gold had made the fastest jump since 1979. Had increased by increasingly than 75%. This year too, it reached Rs 157,480 in the whence of March from Rs 135,257 in January, i.e. a rise of 16%. There was a surge then without the duty increased in May. Silver ran plane faster. It was Rs 78,600 per kg in 2023-24, which crossed Rs 2 lakh per kg in early 2026. Global uncertainty and weakness of rupee versus dollar gave wings to silver.
Should people buy now?
At present there is stagnation in the market. MCX will unshut on Monday, only then will real whoopee be seen. Experts believe that due to global tension and inflation, gold remains a unscratched haven. There is a bullish trend in the long term, but there may be some fluctuations in the short term. Before buying, please trammels the local bullion rate, making charges and taxes are variegated in every city.
