Today, on the full moon day of Chaitra—the first month of the Hindu calendar, both gold and silver prices have seen a rise. Due to the ongoing conflict between Iran, America and Israel, the prices of these two precious metals continue to fluctuate wildly. Talking about gold, after a day of stability, its price has increased for the fourth consecutive day today. In the national capital Delhi, the price of 24 carat gold has increased by ₹10 per 10 gram today, while 22 carat gold has also become costlier by ₹10. In the last five days, the price of 24 carat gold has increased by ₹4,870 per 10 gram, and the price of 22 carat gold has increased by ₹4,460. Talking about silver, the price of one kilogram of silver in Delhi has also increased for the third consecutive day. After two days of stability, the price of one kilogram of silver has seen a huge jump of ₹10,100 today.
Gold prices according to cities
City 24 carat 10 gram gold price 22 carat 10 gram gold price 18 carat 10 gram gold price Delhi ₹1,53,110 ₹1,40,360 ₹1,14,870 Mumbai ₹1,52,960 ₹1,40,210 ₹1,14,720 Kolkata ₹1,52,960 ₹1,40,210 ₹1,14,720 Chennai ₹1,53,280 ₹1,40,510 ₹1,17,110 Bengaluru ₹1,52,960 ₹1,40,210 ₹1,14,720 Hyderabad ₹1,52,960 ₹1,40,210 ₹1,14,720 Lucknow ₹1,53,110 ₹1,40,360 ₹1,14,870 Patna ₹1,52,010 ₹1,40,260 ₹1,14,770 Jaipur ₹1,53,110 ₹1,40,360 ₹1,14,870 Ahmedabad ₹1,52,010 ₹1,40,260 ₹1,14,770
Talking about silver, after three consecutive days of stability, its prices in Delhi have strengthened for the third consecutive day. In these three days, the price of one kilogram of silver has increased by ₹10,100. Notably today, the price has increased by ₹100 per kilogram, and it is currently selling at ₹2,55,100 in Delhi. In other major metros, silver is being sold at this price in Mumbai and Kolkata. However, the price of one kilogram of silver in Chennai is ₹2,65,100—making it the most expensive among the four major metros.
Will gold prices rise further or soften?
Some time ago, the gold had lost its luster a bit; Although there has been some improvement since then, it is still well below its all-time high. Amidst market pressures, the need to sell gold to recoup losses had put downward pressure on its prices; However, now its prices have started rising again due to increased interest in buying again at lower levels. According to George Efstathopoulos, money manager at Fidelity International, any decline in gold prices should be viewed as a major investment opportunity. He believes that the pace of inflation, fiscal pressures and risks related to bond credibility are structural factors that will underpin gold.
