Gold Price Today: Gold and Silver Prices Surge for Second Day, Check Latest Rates in 10 Major Cities

The domestic market is witnessing a continuous rise in the prices of both gold and silver, with both precious metals shining brighter for the second consecutive day. After a brief period of stability, gold prices have once again surged, following the upward trajectory set by silver. This sustained increase is drawing significant attention from investors and consumers. Alike, influenced by global market dynamics and the fluctuating rupee-dollar exchange rate.

Gold Prices Continue Upward Trend

In the nation's capital, Delhi, the price of 24-carat gold per ten grams has increased by ₹10 today, reaching ₹1,35,540. Similarly, 22-carat gold also saw a ₹10 rise per ten grams, now priced at ₹1,24,260. Over the past two days, 24-carat gold prices have seen a substantial increase of ₹1480 per ten grams, while 22-carat gold has risen by ₹1360. This consistent upward movement underscores the growing demand and perceived value of gold in the current economic climate, signaling a solid market for the yellow metal.

Silver Shines Brighter

Mirroring gold's performance, silver prices have also climbed for the second day in a row. In Delhi, one kilogram of silver is now priced at ₹2,03,100, following a ₹100 increase today. After a day of stability, silver has seen a cumulative. Rise of ₹5100 per kilogram over the last two days. Prior to this, silver prices had experienced a ₹6000 decrease, which was preceded by a significant ₹13000 increase over four consecutive days, while in other major metropolitan areas, Mumbai and Kolkata also report silver at ₹2,03,100 per kilogram, but Chennai stands out with the highest price among the four major cities at ₹2,15,100 per kilogram.

City-wise Gold Rates Across India

Here are the prices for 10 grams of 18-carat, 22-carat, and 24-carat pure gold across ten major Indian cities today. In Delhi, 24-carat gold is priced at ₹1,35,540, 22-carat at ₹1,24,260, and 18-carat at ₹1,01,170. Mumbai, Bengaluru, and Hyderabad share similar rates, with 24-carat gold at ₹1,35,390, 22-carat at ₹1,24,110, and 18-carat at ₹1,01,550, while kolkata's prices are ₹1,35,390 for 24-carat, ₹1,24,110 for 22-carat, and ₹1,01,700 for 18-carat. Chennai records slightly higher prices across the board, with 24-carat gold at ₹1,36,540, 22-carat at ₹1,25,160, and 18-carat at ₹1,04,410, while lucknow, Jaipur, and Ahmedabad show prices identical to Delhi, while Patna's 24-carat gold is ₹1,35,440.

Future Outlook and Expert Analysis

Gold prices in the domestic market have already witnessed an impressive increase of over 65% this year, while experts are optimistic about the future trajectory of gold. According to their analysis, if global conditions and the rupee-dollar exchange rate remain relatively stable or if the rupee weakens, gold prices could potentially climb by another 5 to 16% by 2026, while this forecast provides a crucial insight for investors, suggesting that gold continues to be an attractive investment option, particularly in an environment marked by economic uncertainties.