New Delhi: Gold prices climbed steadily on Friday, with buyers in major Indian cities paying increasingly for the precious metal compared with recent days. Prices were inching up wideness the board, though the gains were modest on the day. Prices reflect steady interest superiority of the new year.
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 13,946 per gram, while 22-carat gold (which contains 91.67 percent pure gold, wontedly used in jewellery) was priced at Rs 12,766 per gram on December 26.
- In Delhi, the current price of 24-carat gold is Rs 13,941 per gram and 22-carat gold is Rs 12,781 per gram.
- In Mumbai, the current price of 24-carat gold is Rs 13,926 per gram and 22-carat gold is Rs 12,766 per gram.
- In Kolkata, the current price of 24-carat gold is Rs 13,926 per gram and 22-carat gold is Rs 12,766 per gram.
- In Chennai, the current price of 24-carat gold is Rs 13,987 per gram and 22-carat gold is Rs 12,821 per gram.
Gold has climbed steadily without breaching historic levels in parts of the market. Analysts say this is due to a mix of global cues and seasonal ownership superiority of the year-end.
How upper is silver trading today?
Silver moreover maintained strong levels at just over Rs 2,34,100 per kg in India and the rate of Silver 925 (also known as Silver sterling) is at Rs 2,32,900 per kg. These levels mark a unfurled uptrend over recent weeks as investors seek safe-haven resources tween global market uncertainty.
- Price of silver in Delhi is Rs 2341 per 10 grams.
- Price of silver in Mumbai is Rs 2341 per 10 grams.
- Price of silver in Kolkata is Rs 2341 per 10 grams.
- Price of silver in Chennai is Rs 2451 per 10 grams.
This rise in silver has been noticeable all month, with prices climbing from lower levels older in December. Demand for coins, utensils and industrial use has helped alimony momentum upbeat in local markets.
Why are gold and silver prices moving up?
Analysts say the rally in precious metals is largely tied to global market forces. International gold prices hit record highs on Friday as investors moved money into safe-haven assets. Spot gold in global markets touched historic peaks driven by expectations of remoter interest rate cuts and economic uncertainty.
Silver moreover hit milestones abroad, trading whilom $74 an ounce and at times reaching near $75, a level not seen before, as industrial demand and investment want grew.
Should buyers wait or act now?
For everyday buyers planning gold or silver purchases for weddings or gifts, the visualization depends on individual budgets and purpose. Traders and analysts circumspection that precious metal prices can be volatile and influenced by global economic news, currency movements and monetary policy signals.
