Bullish Trend in Bullion Market: Gold and Silver Prices Rise
New Delhi, January 16: After a brief dip, the domestic bullion market witnessed a bullish trend today. Prices for 24-carat gold are now ranging between โน80,220 and โน80,070 per 10 grams, while 22-carat gold is trading between โน73,550 and โน73,400 per 10 grams across major markets. Additionally, silver prices have surged by โน1,000 per kilogram, with the precious metal trading at โน93,500 per kilogram in Delhiโs bullion market.
Gold Prices in Major Cities
- Delhi:
- 24-Carat Gold: โน80,220 per 10 grams
- 22-Carat Gold: โน73,550 per 10 grams
- Mumbai:
- 24-Carat Gold: โน80,070 per 10 grams
- 22-Carat Gold: โน73,400 per 10 grams
- Ahmedabad:
- 24-Carat Gold: โน80,120 per 10 grams
- 22-Carat Gold: โน73,450 per 10 grams
- Chennai:
- 24-Carat Gold: โน80,070 per 10 grams
- 22-Carat Gold: โน73,400 per 10 grams
- Kolkata:
- 24-Carat Gold: โน80,070 per 10 grams
- 22-Carat Gold: โน73,400 per 10 grams
Silver Prices Surge
In Delhi, silver prices increased by โน1,000 per kilogram, bringing the price to โน93,500 per kilogram. Similar trends are observed in other cities, with consistent demand driving the prices up.
City-Wise Gold Rates
- Lucknow:
- 24-Carat Gold: โน80,220 per 10 grams
- 22-Carat Gold: โน73,550 per 10 grams
- Patna:
- 24-Carat Gold: โน80,120 per 10 grams
- 22-Carat Gold: โน73,450 per 10 grams
- Jaipur:
- 24-Carat Gold: โน80,220 per 10 grams
- 22-Carat Gold: โน73,550 per 10 grams
Gold Rates in Southern States
In Bengaluru, Hyderabad, and Bhubaneswar, the gold prices are as follows:
- 24-Carat Gold: โน80,070 per 10 grams
- 22-Carat Gold: โน73,400 per 10 grams
Key Observations
- Market Recovery: After a brief dip, gold prices have stabilized and are showing signs of a bullish trend, reflecting global market movements and festive demand.
- Regional Variation: Prices vary slightly across cities due to transportation costs and local taxes.
- Investment Demand: The surge in silver prices indicates a growing interest among investors in the metal, given its utility in industrial applications and as a hedge against inflation.
