Precious metal prices remain elevated amid geopolitical tensions; 24-carat gold crosses ₹96,800/10 gm in some cities
May 10, 2025: As global uncertainties intensify following the India-Pakistan escalation and ongoing conflicts in West Asia, gold and silver continue to serve as safe-haven assets. With the US Federal Reserve maintaining interest rates earlier this week, the commodity markets have seen renewed investor interest, pushing gold to near-record highs.
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On May 10, gold prices remained firm in major Indian cities. According to the Indian Bullion Association (IBA) and MCX, here are the latest rates:
🟡 Gold Prices Today (per 10 grams)
| City | 24-Carat Gold | 22-Carat Gold | MCX Gold Rate |
|---|---|---|---|
| Mumbai | ₹96,710 | ₹88,807 | ₹96,535 |
| Delhi | ₹96,540 | ₹88,807 | ₹96,535 |
| Chennai | ₹96,990 | ₹88,807 | ₹96,535 |
| Hyderabad | ₹96,860 | ₹88,807 | ₹96,535 |
| Bengaluru | ₹96,780 | ₹88,807 | ₹96,535 |
| Kolkata | ₹96,580 | ₹88,807 | ₹96,535 |
⚪ Silver Prices Today (per kg)
| City | Silver Bullion Rate | MCX Silver Rate |
|---|---|---|
| Mumbai | ₹96,690 | ₹96,748 |
| Delhi | ₹96,530 | ₹96,748 |
| Chennai | ₹96,980 | ₹96,748 |
| Hyderabad | ₹96,850 | ₹96,748 |
| Bengaluru | ₹96,770 | ₹96,748 |
| Kolkata | ₹96,570 | ₹96,535 |
📈 Market Insight:
- Gold MCX Index: ₹96,535/10 gm
- Silver MCX Index: ₹95,600/kg
- IBA 24K Gold Price: ₹96,880/10 gm
- IBA Silver (999 fine): ₹96,870/kg
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Gold has appreciated by 30% in the last year, delivering a 15% CAGR since 2001, consistently outpacing inflation. Given ongoing global and regional tensions, experts expect bullish trends to persist in the near term.
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