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| Gold price |
Gold Prices Surge to Record Highs: Silver Follows Suit as Precious Metals Shine Amid Economic Uncertainty
In a remarkable development that has investors and jewelry enthusiasts alike watching the markets with bated breath, gold prices have soared to unprecedented levels across India, with 24-carat gold reaching a stunning ₹1,25,850 per 10 grams nationally, while silver continues its impressive rally at ₹1,60,100 per kilogram, creating both excitement and anxiety among buyers during this crucial festive season. The soaring prices reflect growing global economic uncertainties and strengthening safe-haven demand, making precious metals the star performers in investment portfolios while simultaneously giving pause to prospective jewelry buyers planning weddings and festive purchases. This dramatic surge represents a significant moment for Indian households, where gold has traditionally been not just an investment but an emotional store of value passed down through generations, now delivering exceptional returns that underscore its timeless appeal in turbulent financial times.
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The city-wise breakdown reveals fascinating regional variations that every savvy buyer should consider, with Delhi leading at ₹1,26,560 for 24-carat gold, closely followed by Mumbai at ₹1,26,420 and Kolkata at ₹1,26,400, while southern markets like Chennai offer relatively better value at ₹1,24,520. The price differentials across cities highlight the complex interplay of local demand, transportation costs, and state-specific taxes that create these significant arbitrage opportunities for informed buyers. For those preferring 22-carat gold—the preferred choice for jewelry—prices present a more accessible entry point at ₹1,15,360 per 10 grams in major metros, though regional centers like Raipur offer surprising value at ₹1,16,250, demonstrating that looking beyond metropolitan hubs could yield substantial savings for discerning purchasers.
City |
24K Gold Price (₹/10gm) | 22K Gold Price (₹/10gm) |
|---|---|---|
| Delhi | ₹1,25,980 | ₹1,15,510 |
| Mumbai | ₹1,25,850 | ₹1,15,360 |
| Kolkata | ₹1,25,850 | ₹1,15,360 |
| Bangalore | ₹1,25,850 | ₹1,15,360 |
| Chennai | ₹1,24,520 | ₹1,14,036 |
| Hyderabad | ₹1,22,020 | ₹1,11,175 |
Silver markets tell an equally compelling story, with Chennai commanding a premium at ₹1,70,100 per kg, while other major cities cluster around ₹1,60,100 per kg, reflecting regional industrial demand and manufacturing activity that drives these price disparities. The white metal's impressive performance—with per gram prices hovering around ₹160.10—demonstrates its growing appeal both as an industrial commodity and investment asset, particularly among younger investors looking for more affordable entry points into precious metals.
| City | Silver Price (₹/Kg) |
|---|---|
| Delhi | ₹1,60,100 |
| Mumbai | ₹1,60,100 |
| Kolkata | ₹1,60,100 |
| Chennai | ₹1,70,100 |
For millions of Indian families, these prices represent more than numbers on a screen—they represent dreams of weddings fulfilled, financial security maintained, and traditions honored. However, experts caution that these quoted prices are exclusive of GST, TCS, and making charges, which can add 10-15% to the final cost, making it crucial for buyers to consult local jewelers for exact pricing before making significant purchases. As the festive season reaches its peak, all eyes remain on these glittering metals that continue to capture India's imagination while building wealth for those who understand their timeless value proposition in an increasingly digital world.
Source: India Bullion and Jewellers Association, Multi Commodity Exchange Data
Disclaimer: Prices are indicative and subject to change. GST, TCS, and making charges are excluded. Consult local jewelers for exact pricing before purchasing.