Gold and Silver Prices Rise in India Amid Global Market Trends
Gold price climbs ₹10 to ₹1,62,010; silver up ₹100, trades at ₹3,10,100
Business Standard
Image: Business Standard
On Thursday, the price of 24-carat gold in India increased by ₹10, reaching ₹1,62,010 for ten grams, while silver rose by ₹100 to ₹3,10,100 per kilogram. The uptick in gold prices is attributed to a weaker dollar and ongoing international discussions between US and Chinese leaders.
- 0124-carat gold price increased by ₹10 to ₹1,62,010 per 10 grams.
- 02Silver price rose by ₹100, reaching ₹3,10,100 per kilogram.
- 0322-carat gold also saw a ₹10 increase, priced at ₹1,48,510 per 10 grams.
- 04Gold prices in Chennai are higher than in other major cities.
- 05US gold prices are influenced by a weaker dollar and international negotiations.
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The price of 24-carat gold in India rose by ₹10, bringing the cost to ₹1,62,010 for ten grams as of Thursday. Similarly, silver prices saw an increase of ₹100, trading at ₹3,10,100 per kilogram. The price for 22-carat gold also went up by ₹10, now at ₹1,48,510 per ten grams. Notably, gold prices vary across cities, with Chennai recording higher rates at ₹1,63,680 for 24-carat gold and ₹1,50,010 for 22-carat gold. The surge in gold prices is linked to a weaker dollar and ongoing discussions between US President Donald Trump and Chinese President Xi Jinping, which have buoyed investor sentiment. In the global market, spot gold rose by 0.3% to $4,699.87 per ounce, while US gold futures remained steady.
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The rise in gold and silver prices may affect consumers looking to purchase jewelry or invest in precious metals. Higher gold prices could lead to increased costs for wedding and festival purchases.
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