New Delhi: Gold and silver prices rose in key Indian markets on Tuesday. According to Bullions’ price listings, 24-carat gold was trading whilom Rs 1.42 lakh per 10 grams in many cities. Silver moreover saw a strong uptick, with rates nearing Rs 2.70 lakh per kilogram in some centres.
How much are gold rates today?
On Tuesday, 24-carat gold (also referred to as 999 pure gold) hovered whilom Rs 14,253 per gram, while 22-carat gold (which contains 91.67 per cent pure gold, wontedly used in jewellery) remained near Rs 13,046 per gram wideness India.
Here's how prices squint in major cities today:
- In Delhi, the current price of 24-carat gold is Rs 14,231 per gram and 22-carat gold is Rs 13,046 per gram.
- In Mumbai, the current price of 24-carat gold is Rs 14,216 per gram and 22-carat gold is Rs 13,031 per gram.
- In Kolkata, the current price of 24-carat gold is Rs 14,216 per gram and 22-carat gold is Rs 13,031 per gram.
- In Chennai, the current price of 24-carat gold is Rs 14,314 per gram and 22-carat gold is Rs 13,121 per gram.
What well-nigh silver prices?
Silver prices moreover strengthened wideness markets, with rates near Rs 2,70,100 per kilogram in Delhi and Mumbai and plane higher in some southern cities such as Chennai and Hyderabad, where bullion dealers reported robust demand.
Here's how prices squint in major cities today:
- Price of silver in Delhi is Rs 2701 per 10 grams.
- Price of silver in Mumbai is Rs 2701 per 10 grams.
- Price of silver in Kolkata is Rs 2701 per 10 grams.
- Price of silver in Chennai is Rs 2871 per 10 grams
Why are prices moving?
Analysts say global market forces are a key factor. Precious metals often rally when investors seek unscratched havens tween economic uncertainty. Tighter global monetary conditions and currency shifts can moreover lift gold and silver prices, though local demand and taxes play a role too.
Is this trend typical?
Price swings are normal for these metals. In recent days, silver has held strong compared with gold in parts of India. Markets have shown a pattern of rising rates virtually major festivals and occasions, a time when ownership worriedness typically increases.
