Gold and silver prices moved up slightly in early trade on Tuesday, reflecting steady demand for precious metals amid global uncertainty.
According to market data, the price of 24-carat gold increased by ₹10 to ₹1,38,230 per 10 grams. Prices were largely similar across major cities. In Mumbai and Kolkata, gold traded at ₹1,38,230, while Delhi saw slightly higher levels at around ₹1,38,380. In Chennai, prices were higher than other metros at about ₹1,39,210 per 10 grams.
The price of 22-carat gold also rose by ₹10. Ten grams of 22-carat gold were priced at around ₹1,26,710 in most cities, while Chennai again recorded marginally higher rates.
Silver prices showed a bigger jump in absolute terms. The price of silver increased by ₹100, taking the rate to ₹2,48,100 per kilogram in Delhi, Mumbai and Kolkata. In Chennai, silver continued to trade at a premium, with prices touching nearly ₹2,66,100 per kilogram.
Market experts say the rise in gold and silver prices is linked to ongoing global tensions and economic uncertainty. Investors often turn to precious metals like gold and silver during uncertain times, as they are seen as safe investment options. Recent international developments and concerns over geopolitical risks have kept demand for these metals strong.
Globally, gold prices have been firm, supported by safe-haven buying and expectations around interest rates in major economies. These global trends are reflected in domestic bullion prices in India as well.
Despite the small daily increase, gold and silver prices remain near high levels. Over the past year, both metals have given strong returns, attracting interest from investors as well as those looking to protect their savings from market volatility.
For jewellery buyers, the elevated prices mean higher costs, while investors are advised to keep an eye on global cues and currency movements, as precious metal prices tend to react quickly to international developments.
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