24K Gold Trades Between Rs 1,01,560 and Rs 1,01,660 Per 10 Grams; Silver Reaches Rs 1,21,000 Per Kg
NEW DELHI: In a day of contrasting trends across the nation’s bullion markets, gold prices recorded a slight decline on Monday, while silver experienced a sharp surge. The minor drop in gold and a significant jump in silver has made it a key trading day for both investors and consumers.
According to market data, the price of gold saw a dip of Rs 100 to Rs 110 per 10 grams, while silver’s value shot up by a remarkable Rs 1,000 per kilogram. This surge has brought silver back into the market spotlight.
City-Wise Gold and Silver Rates
In major metropolitan areas, the price of 24-carat gold remained consistent. In the national capital, Delhi, 24-carat gold was priced at Rs 1,01,660 per 10 grams, with 22-carat gold at Rs 93,200. In Mumbai, the price was slightly lower, with 24-carat gold trading at Rs 1,01,560 and 22-carat at Rs 93,100 per 10 grams.
Similar rates were observed in other key cities:
- Ahmedabad: 24-carat gold at Rs 1,01,610 per 10 grams and 22-carat at Rs 93,150.
- Kolkata and Chennai: 24-carat gold was stable at Rs 1,01,560 per 10 grams, while 22-carat was at Rs 93,100.
In major cities of North India, Lucknow and Jaipur saw 24-carat gold trading at Rs 1,01,660 and 22-carat at Rs 93,200 per 10 grams. Patna recorded prices of Rs 1,01,610 for 24-carat gold and Rs 93,150 for 22-carat. The trend continued in South Indian cities like Bengaluru, Hyderabad, and Bhubaneswar, where 24-carat gold was available at Rs 1,01,560 and 22-carat at Rs 93,100 per 10 grams.
Silver’s Strong Performance and Market Outlook
In stark contrast to gold, silver’s performance was the highlight of the day’s trading. In Delhi, the price of silver reached Rs 1,21,000 per kilogram, a significant increase of Rs 1,000 compared to yesterday’s closing price. This upward momentum is being attributed to a combination of heightened investor demand and rising prices in the global market.
According to market experts, the coming days could see further volatility in gold prices. While investors are currently exercising caution with gold, there is a noticeable increase in investment activity and interest in silver. This suggests a shifting preference among investors as they navigate the dynamic market landscape.
