Gold and silver prices witnessed an upward trend across India on Tuesday, supported by gains in global bullion markets and the weakening of the Indian rupee against the US dollar.
According to market analysts, investors are weighing improving geopolitical conditions against expectations that US interest rates could remain elevated for a longer period, keeping precious metals in focus as a hedge against uncertainty.
Gold Prices Edge Higher
According to data from the Bullions website, gold prices in India remained near record levels. The benchmark gold rate was quoted at Rs 1,48,510 per 10 grams, reflecting firm demand and positive global cues.
In the international market, spot gold was largely unchanged at $4,188.91 per ounce during early trading in Singapore, indicating that traders remain cautious amid evolving global economic signals.
Gold Rates Across Major Indian Cities
Among the country’s metro cities, Chennai continued to record the highest gold prices. The city reported a 24-carat gold rate of Rs 1,48,670 per 10 grams.
Hyderabad and Bengaluru followed closely, with gold trading at Rs 1,48,480 and Rs 1,48,360 per 10 grams, respectively.
Mumbai, India’s financial capital, saw 24-carat gold priced at Rs 1,48,240 per 10 grams, while Kolkata reported rates of Rs 1,48,050 per 10 grams. In Delhi, gold was slightly cheaper at Rs 1,47,990 per 10 grams.
24-Carat Gold Prices Today
| City | 1 Gram (Rs) | 10 Grams (Rs) |
|---|---|---|
| Mumbai | 14,824 | 1,48,240 |
| New Delhi | 14,799 | 1,47,990 |
| Kolkata | 14,805 | 1,48,050 |
| Chennai | 14,867 | 1,48,670 |
| Bengaluru | 14,836 | 1,48,360 |
| Hyderabad | 14,848 | 1,48,480 |
22-Carat Gold Prices Today
| City | 1 Gram (Rs) | 10 Grams (Rs) |
|---|---|---|
| Mumbai | 13,589 | 1,35,887 |
| New Delhi | 13,566 | 1,35,658 |
| Kolkata | 13,571 | 1,35,713 |
| Chennai | 13,628 | 1,36,281 |
| Bengaluru | 13,600 | 1,35,997 |
| Hyderabad | 13,611 | 1,36,107 |
Silver Prices Remain Firm
Silver prices also stayed elevated despite a marginal decline in international markets. Spot silver slipped 0.2 per cent to $64.94 per ounce globally, but domestic prices remained supported by currency movements and strong investor interest.
The benchmark silver price in India stood at Rs 2,35,610 per kilogram.
Mumbai emerged as the costliest major market for silver, where the metal was trading at Rs 2,35,180 per kg. Delhi closely followed at Rs 2,34,780 per kg.
Southern cities continued to command premium rates, with Chennai reporting silver prices of Rs 2,35,870 per kg and Hyderabad recording Rs 2,35,550 per kg. Bengaluru and Kolkata reported rates of Rs 2,35,370 and Rs 2,34,870 per kg, respectively.
Why Are Gold And Silver Prices Rising?
Market experts attribute the latest rise in precious metal prices to a combination of international and domestic factors.
A softer rupee increases the cost of importing gold and silver into India, making the metals more expensive in the domestic market. At the same time, uncertainty over the future path of US interest rates continues to support demand for safe-haven assets.
Investors are also closely tracking geopolitical developments and central bank policy signals, both of which could influence bullion prices in the coming weeks.
With gold trading near historic highs and silver maintaining strong momentum, market participants expect volatility to remain elevated as global economic conditions continue to evolve.