Investor Confidence Returns As Gold And Silver Prices Rise Across Metros

India’s bullion market witnessed a strong rebound on Saturday as both gold and silver prices rose sharply. The upward trend follows global demand recovery, easing geopolitical tensions after the US-Iran ceasefire, and festive buying ahead of Akshaya Tritiya.

City-Wise Gold And Silver Rates

In Delhi and Mumbai, 24K gold hovered near ₹15,200 per gram, while 22K gold traded around ₹13,950 per gram. Silver prices surged to ₹243,300 per kilogram (₹2,433 per 10 grams), reflecting strong investor and industrial demand.

Regional Highlights

Chennai recorded the highest gold rates among metros, with 24K gold surpassing ₹15,236 per gram and silver maintaining a premium above ₹243,500 per kilogram. Kolkata followed closely, showing similar upward momentum. Bengaluru and Hyderabad reported stable benchmarks, with 24K gold near ₹15,033 per gram and silver around ₹243,000 per kilogram.

Market Drivers

Analysts attribute the rise to inflationary concerns, global safe-haven demand, and central bank policy cues. Silver’s sharp climb is linked to industrial recovery and hedging strategies, while festive demand continues to support domestic bullion prices.

Key Highlights

• 24K gold benchmark at ₹15,236 per gram nationwide
• 22K gold priced at ₹13,966 per gram
• Silver surged to ₹243,300 per kilogram (₹2,433 per 10 grams)
• Chennai leads with highest gold and silver rates among metros
• Delhi and Mumbai reflect steady gains in bullion prices
• Festive demand ahead of Akshaya Tritiya boosts domestic buying

Sources: Mathrubhumi English, Oneindia, Sakshi Post, GoldPriceIndia