Gold Prices Fall for Second Day: Silver Also Declines—Check Latest Rates from Delhi to Patna
Gold and silver prices in India have declined for the second consecutive day, bringing some relief to buyers. The recent dip in bullion rates comes amid global cues such as a stronger US dollar and easing geopolitical tensions, which have reduced demand for safe-haven assets like gold.
If you are planning to invest or purchase jewellery, here’s a detailed look at today’s gold and silver prices across major cities, along with key market trends.
Why Are Gold Prices Falling?The decline in gold prices is largely driven by international factors. A stronger US dollar typically puts pressure on gold prices, making it more expensive for global investors. Additionally, easing tensions in West Asia have reduced the appeal of gold as a safe investment.
Over the last two days, 24-carat gold has dropped by around ₹1,320 per 10 grams
Here’s how gold rates stand across 10 key Indian cities:
City 24 Carat 22 Carat 18 Carat| Delhi | ₹1,49,760 | ₹1,37,290 | ₹1,12,360 |
| Mumbai | ₹1,49,610 | ₹1,37,140 | ₹1,12,210 |
| Kolkata | ₹1,49,610 | ₹1,37,140 | ₹1,12,210 |
| Chennai | ₹1,52,720 | ₹1,39,990 | ₹1,16,790 |
| Bengaluru | ₹1,49,610 | ₹1,37,140 | ₹1,12,210 |
| Hyderabad | ₹1,49,610 | ₹1,37,140 | ₹1,12,210 |
| Lucknow | ₹1,49,760 | ₹1,37,290 | ₹1,12,360 |
| Patna | ₹1,49,660 | ₹1,37,190 | ₹1,12,260 |
| Jaipur | ₹1,49,760 | ₹1,37,290 | ₹1,12,360 |
| Ahmedabad | ₹1,49,660 | ₹1,37,190 | ₹1,12,260 |
After remaining stable for two days, silver prices have also declined today. In Delhi, silver is now trading at around ₹2,64,900 per kg
, down by ₹100.In other major cities like Mumbai and Kolkata, prices remain at similar levels. However, Chennai continues to have the highest silver rate at around ₹2,69,900 per kg.
What Experts Say About Future TrendsMarket experts believe that gold prices may remain under pressure in the short term due to global economic factors. According to analysts, rising crude oil prices and a strong dollar are limiting gold’s upward movement.
However, the long-term outlook remains positive. Increased gold purchases by central banks and the possibility of interest rate cuts in the US could support prices in the future.
Some global investment firms have even projected that gold prices may rise significantly by the end of the year, although short-term fluctuations are expected.
Should You Buy Gold Now?The recent dip in gold prices may present a good opportunity for buyers, especially those planning long-term investments or jewellery purchases. However, experts advise investors to:
- Avoid making decisions based solely on short-term price movements
- Consider global economic trends
- Diversify investments instead of relying only on gold
Gold and silver prices have softened for the second straight day, offering some relief to buyers. While global factors are currently keeping prices under pressure, the long-term outlook for gold remains optimistic. Whether you are an investor or a buyer, keeping an eye on market trends can help you make better financial decisions.