Gold and silver prices surged in the early hours of trading on Wednesday, with 24-carat gold reaching Rs 78,610 per 10 grams, up by Rs 10. Silver also saw a notable increase, climbing Rs 100 per kilogram to Rs 96,600. The uptick in precious metal prices reflects rising demand amid ongoing global uncertainties.
Gold Prices Across Indian Cities
- 24-Carat Gold:
In major cities like Mumbai, Kolkata, Chennai, and Hyderabad, the price of 10 grams of 24-carat gold stood at Rs 78,790.
In Delhi, it was slightly lower at Rs 78,760 per 10 grams. - 22-Carat Gold:
The price of 10 grams of 22-carat gold rose by Rs 10, settling at Rs 72,060 in cities including Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad.
However, in Delhi, the price of 22-carat gold was Rs 72,210 per 10 grams.
Silver Prices Across India
- The price of one kilogram of silver stood at Rs 96,600 in cities like Mumbai, Kolkata, and Delhi.
- In Chennai, silver was priced at Rs 1,04,100 per kilogram, reflecting regional price variations.
US Gold Prices Soar Amid Global Tensions
Globally, US gold prices edged higher, hitting a two-week peak. The increase is attributed to escalating geopolitical tensions and growing expectations of a rate cut by the Federal Reserve. Investors are closely watching an upcoming US inflation report that could provide further market direction.
