Gold & Silver Price Today: 24K Gold Near ₹1.26 Lakh, Silver Tops ₹1.60 Lakh — Latest City-Wise Rates
India’s bullion market opened with fresh momentum, as 24K gold trades close to ₹1.26 lakh per 10 grams, and silver crosses ₹1.60 lakh per kilogram in several cities. The move follows global cues, rupee swings, and seasonal demand ahead of festivals.
Below is a clear, city-wise snapshot, plus the key reasons driving the move and what investors and buyers should watch next, backed by Moneycontrol, GoodReturns, and LiveMint market data.
Gold Price Today in India: 24K Gold Near ₹1.26 Lakh
Gold prices have been volatile this week, but remain elevated compared with earlier months. According to Moneycontrol and GoodReturns, 24-carat gold was trading around ₹1,25,890–₹1,26,030 per 10 grams in early trade. The rally reflects a mix of global safe-haven flows and strong domestic buying during the festive season.
Why are gold prices rising in India today? Global investors favor gold amid macro uncertainty, the US dollar softened, and India’s festival buying added local demand. These factors combine to keep the domestic Gold Price firm.
City-Wise Gold Price (24K per 10g)
Below are the city-wise gold prices in India:
- Delhi: ₹1,26,030 (24K), ₹1,15,540 (22K)
- Mumbai: ₹1,25,880 (24K), ₹1,15,390 (22K)
- Chennai: ₹1,25,880 (24K), ₹1,15,390 (22K)
- Kolkata: ₹1,25,880 (24K), ₹1,15,390 (22K)
- Bengaluru: ₹1,25,880 (24K), ₹1,15,390 (22K)
Gold Price Notes for Buyers and Jewelers
- 24K vs 22K: 24K is priced higher; 22K remains the common jewellery standard.
- Making charges: Vary by jeweller, add to retail cost.
- Festive demand: Pre-bookings spike ahead of Dhanteras and Diwali, lifting local volumes.
Silver Price Today in India: Tops ₹1.60 Lakh per Kg
Silver also remained firm. Moneycontrol reports silver near ₹1,60,000 per kg in many centres, with city spreads based on local demand and stock positions. Industrial demand for electronics and solar sectors is a strong underlying driver, while retail buying for jewellery adds seasonal pressure.
Why is silver becoming more expensive? Rising industrial usage, tightening supply, and safe-haven flows push Silver Price higher; traders also note robust demand in PV and electronics manufacturing.
City-Wise Silver Price (per kg)
Below are the city-wise silver prices in India:
- Delhi: ₹1,59,900 per kg
- Mumbai: ₹1,59,900 per kg
- Chennai: ₹1,74,900 per kg
- Kolkata: ₹1,59,900 per kg
- Hyderabad: ₹1,60,600 per kg
Factors Driving the Gold and Silver Price Surge
Several clear factors explain today’s moves:
- Global bullion trends: Spot gold and silver moves on COMEX set the tone for MCX and domestic rates. International safe-haven buying lifted benchmarks.
- US dollar and yields: A softer dollar makes rupee-priced bullion cheaper for local buyers; shifts in US yields also affect appetite for gold.
- Rupee movement: Any rupee weakness raises import costs, nudging local prices up.
- Festive demand: Dussehra and Diwali season boost retail demand for coins and jewellery.
- Industrial demand for silver: Solar and electronics buying tightened physical availability, contributing to higher silver per kg rates.
How the Festive Season Impacts Gold Demand
Festivals mean more weddings, gifting, and jewellery purchases. Jewellers report higher pre-bookings in cities such as Chennai and Hyderabad. Historical patterns show a short-term uptick in demand leading to temporary price strength. However, analysts caution that seasonal buying can reverse quickly if global cues shift.
Will gold prices rise further this week? Expect short-term volatility. Prices may test higher on strong buying, but profit-booking or sharper dollar moves could pull them back.
Comparison with International Gold and Silver Prices
Global benchmarks give context to local moves. Recent global trade showed spot gold and silver moving on macro headlines; LiveMint and Moneycontrol note COMEX levels and global risk indicators. Indian prices factor in import duty, making charges, and GST, hence the domestic Gold Price often sits above international parity.
Investor Outlook: Should You Buy Gold or Silver Now?
For long-term investors, gold often serves as a hedge against inflation and currency weakness. Silver combines investment demand with industrial use, offering potentially higher volatility but also higher upside in an industrial upswing.
- AI Stock Research and commodity analytics platforms can help model seasonality and macro correlations for portfolio allocation.
- AI Stock Analysis tools are used by some traders to detect demand patterns and optimize entry points for bullion ETFs and futures trades.
If your aim is wealth preservation, small, regular buys may smooth entry prices. For short-term traders, watch daily MCX futures and local spreads closely.
City-Wise Gold and Silver Demand Snapshot
- Chennai and Hyderabad: Strong festive buying, higher local premiums.
- Delhi and Mumbai: Large-volume retail markets with steady trades, marginally lower premiums.
- Kolkata and Bengaluru: Moderate demand, prices aligned with Mumbai benchmarks.
Expert View: What Analysts Are Saying
Market commentators referenced in Moneycontrol and GoodReturns suggest the current correction follows a sharp prior rally. Analysts expect near-term volatility but broadly see bullion as a safe asset in times of geopolitical or macro uncertainty. Silver may outperform intermittently due to industrial demand, but it carries greater short-term price swings.
Will silver continue to outperform gold? Silver can outperform when industrial demand remains strong, yet it is more volatile; long-term investors should weigh risk tolerance and investment horizon.
Conclusion
Today’s Gold Price and Silver Price movement shows sustained buyer interest and seasonal demand, with 24K gold near ₹1.26 lakh per 10 grams and silver hovering above ₹1.60 lakh per kilogram in several cities. Buyers should monitor international COMEX cues, rupee moves, and local jewelers’ premiums for the best timing.
For daily city-wise checks and live updates, rely on trusted platforms such as Moneycontrol, GoodReturns, and LiveMint. Stay cautious, and match buying decisions to your investment horizon and needs.
FAQ’S
Today, the 24K gold price in India is around ₹12,580 per 10 grams, while silver is trading near ₹1.60 lakh per kilogram, according to Moneycontrol data.
As per the latest bullion rates, silver price in India stands at approximately ₹1,60,400 per kg in Delhi and ₹1,60,200 in Mumbai.
The 24K gold price per gram in India is around ₹1,258, depending slightly on the city and market fluctuations.
The 24K gold price today averages about ₹12,580 per 10 grams nationwide, with minor variations across Delhi, Mumbai, Chennai, and Kolkata.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.”
