Gold and silver prices continue to fluctuate sharply across India. Meanwhile, bullion market rates have surged, while MCX trading showed slight weakness in both precious metals.
Gold Price Today in India Sees Strong Rally
Gold prices witnessed another major jump in the domestic bullion market, and therefore investors as well as jewellery buyers are closely tracking the latest updates. In the national capital, 24-carat gold climbed to nearly ₹1.65 lakh per 10 grams. Meanwhile, silver prices also registered a sharp rise and settled at ₹2.71 lakh per kilogram.
According to the Indian Bullion and Jewellers Association (IBJA), 24-carat gold closed at ₹1,58,540 per 10 grams in the previous trading session. Moreover, different purity levels of gold also recorded strong prices across the market.
| Gold Purity | Price Per 10 Grams |
|---|---|
| 24 Carat (999) | ₹1,58,538 |
| 23 Carat (995) | ₹1,57,903 |
| 22 Carat (916) | ₹1,45,221 |
| 18 Carat (750) | ₹1,18,904 |
| 14 Carat (585) | ₹92,745 |
MCX Gold and Silver Prices Today
On the Multi Commodity Exchange (MCX), precious metals showed mixed movement during Friday trading. Although bullion market prices moved higher, MCX rates slipped slightly during the session.
As of 10:14 AM, gold for June delivery was trading at ₹1,59,320 per 10 grams. However, silver for July delivery stood at ₹2,74,455 per kilogram. During the previous session, gold declined by ₹566, while silver fell by ₹363.
Additionally, market experts believe global economic uncertainty, rising demand for safe-haven assets, and international price movements are influencing domestic gold rates. Consequently, traders remain cautious despite strong retail demand.
Bullion Market Prices Rise Sharply
According to the All India Bullion Association, silver prices surged by ₹5,000 in the previous trading session. As a result, silver touched ₹2,71,000 per kilogram in the bullion market.
Meanwhile, 24-carat gold prices increased by ₹600 and reached ₹1,65,500 per 10 grams. Earlier, gold had closed at ₹1,64,900. Therefore, the latest rally reflects continued momentum in the precious metals segment.
Experts say that ongoing geopolitical tensions and inflation concerns are supporting gold prices globally. Moreover, the wedding season in India is also boosting jewellery demand, which further supports domestic prices.
City-Wise Gold Price Today in India
Gold rates vary slightly across major Indian cities due to local taxes and market demand. Here are the latest city-wise gold prices for 24K, 22K, and 18K gold.
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | ₹1,60,230 | ₹1,46,750 | ₹1,20,100 |
| Mumbai | ₹1,59,930 | ₹1,46,600 | ₹1,19,950 |
| Kolkata | ₹1,59,930 | ₹1,46,600 | ₹1,19,950 |
| Chennai | ₹1,61,670 | ₹1,48,100 | ₹1,24,250 |
| Patna | ₹1,60,130 | ₹1,46,650 | ₹1,20,000 |
| Lucknow | ₹1,60,230 | ₹1,46,750 | ₹1,20,100 |
| Jaipur | ₹1,60,230 | ₹1,46,750 | ₹1,20,100 |
| Noida | ₹1,60,230 | ₹1,46,750 | ₹1,20,100 |
| Gurugram | ₹1,60,230 | ₹1,46,750 | ₹1,20,100 |
Should You Buy Gold Right Now?
Gold prices remain near record highs, and therefore investors are carefully watching market trends before making fresh purchases. However, long-term investors still consider gold a reliable hedge against inflation and economic uncertainty.
Meanwhile, short-term fluctuations may continue due to global market sentiment and MCX volatility. Consequently, experts advise buyers to track daily price movements before making large investments.
| FAQ | Answer |
|---|---|
| Why are gold prices rising today? | Gold prices are increasing due to strong bullion demand, global uncertainty, and rising safe-haven buying. |
| What is the latest 24K gold price in Delhi? | The latest 24K gold rate in Delhi is ₹1,60,230 per 10 grams. |
| What is the current silver price in India? | Silver is trading around ₹2.71 lakh to ₹2.74 lakh per kilogram. |
| Is this a good time to invest in gold? | Many investors prefer gold during uncertain economic conditions for long-term safety. |
