Gold and Silver Rates Today: Latest Prices in Major Indian Cities

Precious metal prices continued to remain firm in the Indian market, driven largely by strong seasonal demand amid the ongoing wedding season. While gold prices inched up marginally, silver witnessed a sharp rise, keeping both metals near their recent highs across major cities.

Strong Domestic Demand Lifts Bullion Prices

According to data from the India Bullions website, silver prices jumped by nearly ₹10,000 to touch around ₹2.63 lakh per kg on Tuesday. Gold, meanwhile, rose modestly to trade close to ₹1.58 lakh per 10 grams. The surge in silver prices reflects increased buying interest, while gold continues to find steady support from jewellery demand during the peak marriage season.

Global Markets See Profit Booking

In contrast to the domestic trend, precious metals faced some pressure in international markets. Gold prices slipped after posting gains for two consecutive sessions, as investors chose to book profits in a volatile global environment. Spot gold declined 0.5% to $5,032.53 an ounce in Singapore. Silver also saw a sharper correction, falling 1.8% to $81.92 an ounce, indicating cautious sentiment among global traders.

MCX Update: Futures Trade Mixed

On the Multi Commodity Exchange (MCX), gold futures for the April contract edged higher by 0.2%, trading at ₹1,58,394 per 10 grams, compared to Monday’s close of ₹1,58,066. Silver futures for March remained largely flat at ₹2,62,745 per kg, suggesting consolidation after the recent sharp rally.

Gold Prices Today Across Major Cities

Gold rates remained elevated across India, with southern cities continuing to quote higher prices than northern markets. Chennai topped the chart among major metros.

• Mumbai: ₹1,58,360 per 10 grams

• Delhi: ₹1,58,080 per 10 grams

• Bengaluru: ₹1,58,480 per 10 grams

• Chennai: ₹1,58,820 per 10 grams

• Hyderabad: ₹1,58,610 per 10 grams

• Kolkata: ₹1,58,150 per 10 grams

Silver Prices Today: City-Wise Rates

Silver prices also stayed firm across regions, with southern markets again leading in terms of pricing.

• Mumbai: ₹2,63,270 per kg

• Delhi: ₹2,62,820 per kg

• Bengaluru: ₹2,63,480 per kg

• Chennai: ₹2,64,040 per kg

• Hyderabad: ₹2,63,690 per kg

• Kolkata: ₹2,62,930 per kg

What Lies Ahead

Market experts believe that domestic bullion prices may continue to stay strong in the near term, supported by wedding-related demand and steady investor interest. However, global price movements, currency fluctuations, and cues from international markets are likely to influence short-term trends. Buyers and investors are advised to keep an eye on both domestic demand patterns and global developments before making fresh purchases.

Overall, despite some volatility overseas, gold and silver remain in focus in the Indian market, with prices holding firm across key cities.


Disclaimer: The gold and silver prices mentioned in this article are indicative and based on available market data at the time of writing. Prices may vary depending on location, jeweller, taxes, making charges, and market fluctuations. This content is for informational purposes only and should not be considered as financial or investment advice. Readers are advised to check with authorised dealers or financial experts before making any purchase or investment decisions.