New Delhi: Gold held firm on Thursday, as traders and buyers in major Indian cities unfurled to see upper rates for the precious metal on Christmas Day. The trend reflects strong demand plane on a holiday, with price support from global markets and investor interest in safe-haven assets.
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 13,894 per gram, while 22-carat gold (which contains 91.67 percent pure gold, wontedly used in jewellery) was priced at Rs 12,736 per gram on December 25.
- In Delhi, the current price of 24-carat gold is Rs 13,909 per gram and 22-carat gold is Rs 12,751 per gram.
- In Mumbai, the current price of 24-carat gold is Rs 13,894 per gram and 22-carat gold is Rs 12,736 per gram.
- In Kolkata, the current price of 24-carat gold is Rs 13,894 per gram and 22-carat gold is Rs 12,736 per gram.
- In Chennai, the current price of 24-carat gold is Rs 13,965 per gram and 22-carat gold is Rs 12,801 per gram.
Compared with recent days leading up to Christmas, 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.
What well-nigh silver prices today?
Silver moreover maintained strong levels at just over Rs 2,33,100 per kg in India and the rate of Silver 925 (also known as Silver sterling) is at Rs 2,32,900 per kg.
- Price of silver in Delhi is Rs 2331 per 10 grams.
- Price of silver in Mumbai is Rs 2331 per 10 grams.
- Price of silver in Kolkata is Rs 2331 per 10 grams.
- Price of silver in Chennai is Rs 2441 per 10 grams.
Prices in other cities typically tracked these levels, with small variations due to local taxes and demand
What's driving the prices this week?
- Experts point to several factors overdue these levels:
- Continued global uncertainty and safe-haven demand for precious metals.
- Stable to higher international spot prices feeding into local rates.
- Holiday market conditions where lower physical supply meets steady proprietrix interest.
