New Delhi: Gold and silver prices unfurled their upward march wideness Indian markets on Tuesday. Rates opened firm in major cities, tracking strong global trends and steady investor demand. Jewellers say prices are holding at elevated levels, making buyers cautious superiority of the year-end.
Why are gold and silver prices rising today?
Market watchers point to strong international cues, a softer dollar, and safe-haven ownership as key reasons overdue the rise. With global uncertainty still high, investors are parking money in precious metals. Domestic prices have moreover reacted to firm overseas futures.
Gold prices today: What are the latest rates?
In most major cities, the forfeit of 24-carat gold (also referred to as 999 pure gold) hovered virtually Rs 13,452 per gram, while 22-carat gold (which contains 91.67 percent pure gold, wontedly used in jewellery) was priced at Rs 12,331 per gram on December 23.
- In Delhi, the current price of 24-carat gold is Rs 13,467 per gram and 22-carat gold is Rs 12,346 per gram.
- In Mumbai, the current price of 24-carat gold is Rs 13,452 per gram and 22-carat gold is Rs 12,331 per gram.
- In Kolkata, the current price of 24-carat gold is Rs 13,452 per gram and 22-carat gold is Rs 12,331 per gram.
- In Chennai, the current price of 24-carat gold is Rs 13,529 per gram and 22-carat gold is Rs 12,401 per gram.
What well-nigh silver prices today?
Silver moreover maintained strong levels at just over Rs 2,08,100 per kg in Delhi and the rate of Silver 925 (also known as Silver sterling) is at Rs 2,00,000 per kg.
- Price of silver in Delhi is Rs 2081 per 10 grams.
- Price of silver in Mumbai is Rs 2081 per 10 grams.
- Price of silver in Kolkata is Rs 2081 per 10 grams.
- Price of silver in Chennai is Rs 2221 per 10 grams.
Prices in other cities typically tracked these levels, with small variations due to local taxes and demand
Should buyers wait or buy now?
Traders say prices could remain volatile in the near term, depending on global economic signals and currency movement. Jewellery buyers are well-considered to compare local rates, while investors are keeping a tropical eye on international developments.
