Gold, Silver Rate Today: Latest Prices in Delhi, Mumbai, Chennai & Other Cities

Gold and silver prices remained mostly unchanged in the domestic market on Wednesday, supported by steady wedding-season demand even as global cues stayed mixed. Both precious metals slipped marginally by ₹1,000, with gold priced at ₹1.57 lakh per 10 grams and silver at ₹2.53 lakh per kilogram, according to data from the India Bullions website.

Despite the minor dip, demand for physical gold continues to stay firm across jewellery hubs, driven by ongoing weddings and festive buying. Market participants note that while prices are high, consumer interest has not weakened significantly, helping prices remain stable.

International Markets Offer Support

In global markets, gold inched higher as weaker US retail sales data strengthened expectations that the US Federal Reserve could consider interest rate cuts later this year. Lower interest rates typically boost demand for non-yielding assets like gold. Spot gold rose 0.3% to $5,038.66 an ounce in early Asian trade, while silver climbed 0.6% to $81.3066 an ounce, reflecting cautious optimism among investors.

Analysts say gold is currently consolidating at elevated levels, supported by safe-haven demand and uncertainty around global economic growth. Silver, meanwhile, is drawing strength from both investment interest and industrial demand.

MCX Prices Remain Range-Bound

On the Multi Commodity Exchange (MCX), gold futures for April slipped 0.2% to ₹1,56,539 per 10 grams, compared with Tuesday’s closing price of ₹1,56,803. Silver futures for March remained flat at ₹2,52,300 per kilogram, suggesting limited near-term volatility in domestic futures trading.

Gold Price Today in Major Indian Cities

Across key metros, gold prices showed minor variations. In Mumbai, 24-carat gold was priced at ₹1,56,510 per 10 grams, while Kolkata reported a similar rate of ₹1,56,310. Delhi followed slightly lower at ₹1,56,250.

Southern cities continued to quote higher prices than their northern counterparts. Chennai topped the list at ₹1,56,970 per 10 grams, with Hyderabad at ₹1,56,760 and Bengaluru at ₹1,56,640, keeping the south at a noticeable premium.

Silver Price Today Across Cities

Silver prices were also steady across major markets. Mumbai recorded silver at ₹2,52,830 per kilogram, while Delhi quoted ₹2,52,390. In southern hubs, silver traded at higher levels, with Chennai around ₹2,53,560 per kg and Hyderabad at ₹2,53,230.

Going ahead, experts believe gold and silver prices will continue to track global economic data, currency movements, and central bank signals, while domestic demand is expected to remain supportive during the ongoing wedding season.


Disclaimer: The prices mentioned above are indicative and based on publicly available data. Gold and silver rates may vary across cities due to local taxes, duties, making charges, and market conditions. This article is for informational purposes only and should not be considered investment advice. Readers are advised to check with authorised dealers or financial experts before making any buying or investment decisions.