Gold prices moved higher across India on Monday, giving jewellery buyers and investors a fresh reason to track the bullion market.
According to the latest retail rates, 24-carat gold in Delhi is priced at ₹1,44,690 per 10 grams, while 22-carat gold costs ₹1,32,630 per 10 grams. The price of 999 purity silver stands at around ₹2,39,500 per kilogram.
In Mumbai, the 24K gold rate is ₹1,44,740 per 10 grams, while 22K gold is selling at ₹1,32,675 per 10 grams. Silver is retailing at approximately ₹2,39,900 per kg.
Meanwhile, in Kolkata, buyers can purchase 24K gold at around ₹1,44,790 per 10 grams, while 22K gold is available for ₹1,32,720 per 10 grams. Silver prices remain close to ₹2,39,700 per kg.
The 24K gold pice increased by ₹240 per 10 grams, while the 22K gold price rose by around ₹220 per 10 grams in most major cities. In contrast, silver prices remained largely unchanged, indicating a steady domestic market despite fluctuations in global bullion prices.
Other cities, including Chennai, Bengaluru and Hyderabad, also witnessed a similar upward trend in gold prices, although the final retail rates differ slightly due to local taxes, transportation costs and jewellers’ pricing policies. Industry experts note that published bullion rates serve as benchmark prices and do not include making charges or GST, both of which increase the final cost of jewellery.
The rise in gold prices today mirrors developments in the international market, where bullion has gained support from growing demand for safe-haven investments. Investors have become increasingly cautious ahead of the US Federal Reserve’s monetary policy decision later this week, which is expected to offer clues on the future direction of interest rates.
Gold generally performs well during periods of economic uncertainty because it is viewed as a reliable store of value. A softer US dollar has also made the yellow metal more attractive to overseas buyers, boosting global demand. Analysts believe that if the Fed signals a slower pace of interest rate hikes or hints at future rate cuts, gold could continue its upward momentum. However, any hawkish stance may trigger short-term profit booking.
Unlike gold, silver prices today remained broadly stable across domestic markets. While silver is also considered a safe-haven investment, its price is influenced by industrial demand as well. The metal is widely used in sectors such as electronics, renewable energy, electric vehicles and solar panel manufacturing, making its price movement dependent on both investment demand and industrial activity.
Market participants say bullion prices could remain volatile over the coming days as investors react to global economic data, central bank decisions and geopolitical developments. Domestic demand is also expected to improve gradually with the festive and wedding season approaching, which traditionally boosts jewellery purchases across the country.
Financial experts advise buyers not to base purchasing decisions solely on daily price fluctuations. Instead, they recommend checking gold rates today, comparing prices across jewellers and ensuring that jewellery carries BIS hallmark certification before making a purchase. Investors looking to build long-term wealth are also encouraged to treat gold as a portfolio diversifier rather than a short-term trading asset.
The latest rise comes at a time when investors are closely watching international developments, particularly the upcoming US Federal Reserve policy meeting. Expectations around interest rates, along with a weaker US dollar and ongoing geopolitical uncertainties, have kept gold in focus as a preferred safe-haven asset.
With global markets awaiting key economic signals, gold prices in India, 24K gold rate, 22K gold rate, silver prices, and the overall bullion market are likely to remain under close watch in the days ahead. While Monday’s gains were modest, the precious metals market continues to reflect investor caution amid an uncertain global economic environment.