Gold and silver prices recorded marginal gains on Friday, reflecting steady demand for precious metals amid ongoing global uncertainties. According to market data, the price of 24-carat gold increased by ₹10 per 10 grams, taking it to ₹1,78,860 in major cities such as Mumbai and Kolkata. In the national capital, Delhi, 24-carat gold was quoted slightly higher at ₹1,79,010 per 10 grams.
Prices of 22-carat gold, which is commonly used for jewellery, also moved up by ₹10 per 10 grams. The yellow metal was priced at ₹1,63,960 per 10 grams in Mumbai, Kolkata, Bengaluru and Hyderabad. In Delhi, 22-carat gold was selling at ₹1,64,110 per 10 grams, while Chennai continued to command a premium, with prices hovering around ₹1,68,010 per 10 grams.
Silver prices followed a similar trend, rising by ₹100 per kilogram during early trade. One kilogram of silver was priced at ₹4,10,100 in key markets including Delhi, Mumbai and Kolkata. Chennai once again saw higher rates, with silver trading at around ₹4,25,100 per kilogram, reflecting regional demand patterns.
Market participants attribute the firm trend in bullion prices to sustained investor interest in safe-haven assets. Precious metals have remained in focus globally as investors seek protection against economic uncertainty, inflation concerns and geopolitical tensions. Recent movements in international gold and silver prices, along with fluctuations in the rupee against the US dollar, have also influenced domestic rates.
Despite the modest daily increase, gold and silver prices remain at elevated levels compared to historical averages. Analysts note that short-term price movements are likely to stay volatile, driven by global cues such as interest rate expectations, central bank policies and developments in international markets.
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