Gold and Silver Prices Climb – See the Latest Rates in Your City!
In early trading on Saturday, the price of 24-carat gold saw a slight increase, rising by Rs 10 to reach Rs 77,410 for ten grams, as per data from the GoodReturns website. Silver prices also experienced a rise, with a Rs 100 increase, bringing the price for one kilogram to Rs 96,100.
Similarly, 22-carat gold also witnessed a price hike of Rs 10, with ten grams now priced at Rs 70,960.
In key cities like Mumbai, Kolkata, and Hyderabad, the price for ten grams of 24-carat gold remained consistent at Rs 77,410. However, in Delhi, the price was slightly higher at Rs 77,560, while Bengaluru and Chennai matched the Rs 77,410 mark.
For 22-carat gold, the price in Mumbai, Kolkata, and Hyderabad was also Rs 70,960 per ten grams. In Delhi, the price stood at Rs 71,110, while Bengaluru and Chennai remained aligned with the Rs 70,960 rate.
Silver prices across Delhi, Kolkata, and Mumbai were uniform, with one kilogram selling at Rs 96,100. However, in Chennai, silver traded higher at Rs 102,100 per kilogram.
On the international front, US gold prices climbed by more than 1% on Saturday, driven by inflation data that strengthened expectations of a potential interest rate cut next month. This development, alongside growing safe-haven demand due to rising tensions in the Middle East, pushed gold prices higher.
Spot gold gained 1.1%, reaching $2,658.42 per ounce by 1:42 pm ET (1742 GMT), marking its second consecutive session of gains. Meanwhile, US gold futures saw a 1.4% rise, settling at $2,676.30.
Other precious metals also saw movement, with spot silver increasing 1.1% to $31.54 per ounce, and platinum advancing by 1.9% to $986.15. Palladium, on the other hand, dipped 0.5% to $1,063.55, although it registered a near 5% gain for the week.
