Hopes of easing tensions between America and Europe have dulled the shine of gold and silver on Republic Day today. After one day’s stability, gold prices have fallen again today. In Delhi today, 24-carat gold has become cheaper by ₹10 per ten grams, and 22-carat gold has also become cheaper by ₹10. Earlier, in a period of about a week from January 19 to January 25, barring a one-day fall, the price of 24-carat gold had increased by ₹16,480 per ten grams and that of 22-carat gold by ₹15,100. Now talking about silver, today even one kilogram of silver has become cheaper in Delhi. After a day of stability, one kilogram of silver has become cheaper by ₹ 100 today.
Delhi ₹1,60,040 ₹1,47,040 ₹1,20,330 Mumbai ₹1,60,250 ₹1,46,890 ₹1,20,180 Kolkata ₹1,60,250 ₹1,46,890 ₹1,20,180 Chennai ₹1,59,480 ₹1,47,490 ₹1,22,990 Bengaluru ₹1,60,250 ₹1,46,890 ₹1,20,180 Hyderabad ₹1,60,250 ₹1,46,890 ₹1,20,180 Lucknow ₹1,60,040 ₹1,47,040 ₹1,20,330 Patna ₹1,60,300 ₹1,46,940 ₹1,20,230 Jaipur ₹1,60,040 ₹1,47,040 ₹1,20,330 Ahmedabad ₹1,60,300 ₹1,46,940 ₹1,20,230
After a day of stability, silver slipped again
Talking about silver, after one day of stability, it has slipped again today. In the last trading week from Monday, January 19 to January 25, one kilogram of silver fluctuated but eventually gained by ₹40,000. Today, on January 26, silver has become cheaper by ₹100 per kg in Delhi and is selling at ₹3,34,900. Among other major metros, it is selling at the same price in Mumbai and Kolkata, but the silver price in Chennai is ₹3,64,900 per kg, which means silver is the most expensive in Chennai among the four major metros.
Silver surprised investors even more
Strong retail buying, momentum-based investing, and a prolonged shortage in the physical market have pushed silver sharply higher. This strong rise in silver has surprised investors even more than the rise in gold. Increasing geopolitical tensions and demand for safe investments have strengthened gold, which has also directly benefited silver. Analysts say that silver is currently moving along with the rise in gold. One of the main reasons for this is that the unit price of silver is lower than that of gold, due to which small investors are participating more. However, some experts are advising caution. StoneX analyst Rona O’Connell says everyone wants to take part in this silver rally, but this surge is also a warning sign. As soon as signs of weakness appear, the decline could be rapid.