Gold and Silver Prices Rise in India Amid Global Market Trends
Gold price climbs ₹10 to ₹1,52,360; silver up ₹100, trades at ₹2,60,100
Business Standard
Image: Business Standard
On Saturday, the price of 24-carat gold in India increased by ₹10, reaching ₹1,52,360 per 10 grams, while silver rose by ₹100 to ₹2,60,100 per kilogram. These changes reflect a broader trend influenced by a weakening US dollar and geopolitical developments.
- 0124-carat gold price increased by ₹10 to ₹1,52,360 per 10 grams.
- 02Silver price rose by ₹100, trading at ₹2,60,100 per kilogram.
- 03Prices vary slightly across major cities, with Delhi showing a gold price of ₹1,52,510.
- 04Global gold prices are influenced by the US-Iran truce and a weakening US dollar.
- 05Spot gold has gained over 2% this week, reflecting positive market sentiment.
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On Saturday, the price of 24-carat gold in India rose by ₹10, bringing it to ₹1,52,360 per 10 grams. Similarly, the price of silver increased by ₹100, with one kilogram now priced at ₹2,60,100. The price of 22-carat gold also saw a rise of ₹10, trading at ₹1,39,660. Prices for gold vary across major cities: in Delhi, 24-carat gold is priced at ₹1,52,510, while in Chennai, it is higher at ₹1,54,100. The increase in gold and silver prices is attributed to a weakening US dollar following the recent US-Iran truce, which has led to a favorable market sentiment. Spot gold prices have risen by 2% this week, indicating a potential upward trend in the market.
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The rise in gold and silver prices may influence purchasing decisions for consumers and investors in India, particularly those looking to invest in precious metals.
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