Gold and Silver Prices Surge in Indian Bullion Market
New Delhi, January 17 For the second consecutive day, gold and silver prices witnessed a significant rise in the Indian bullion market. Gold prices surged by ₹500 to ₹550 per 10 grams, while silver recorded a sharp increase of ₹2,000 per kilogram. As a result, 24-carat gold is trading between ₹80,770 and ₹80,620 per 10 grams across major bullion markets. Similarly, 22-carat gold prices ranged from ₹74,050 to ₹73,900 per 10 grams. Silver is trading at ₹95,500 per kilogram in the Delhi bullion market.
City-wise Gold and Silver Prices
Delhi
- 24-carat gold: ₹80,770 per 10 grams.
- 22-carat gold: ₹74,050 per 10 grams.
Mumbai
- 24-carat gold: ₹80,620 per 10 grams.
- 22-carat gold: ₹73,900 per 10 grams.
Ahmedabad
- 24-carat gold: ₹80,670 per 10 grams.
- 22-carat gold: ₹73,950 per 10 grams.
Chennai
- 24-carat gold: ₹80,620 per 10 grams.
- 22-carat gold: ₹73,900 per 10 grams.
Kolkata
- 24-carat gold: ₹80,620 per 10 grams.
- 22-carat gold: ₹73,900 per 10 grams.
Gold Prices in Tier-2 Cities
Lucknow
- 24-carat gold: ₹80,770 per 10 grams.
- 22-carat gold: ₹74,050 per 10 grams.
Patna
- 24-carat gold: ₹80,670 per 10 grams.
- 22-carat gold: ₹73,950 per 10 grams.
Jaipur
- 24-carat gold: ₹80,770 per 10 grams.
- 22-carat gold: ₹74,050 per 10 grams.
South Indian Markets
The capitals of Karnataka, Telangana, and Odisha also reported price hikes in their bullion markets.
- Bengaluru, Hyderabad, and Bhubaneswar:
- 24-carat gold: ₹80,620 per 10 grams.
- 22-carat gold: ₹73,900 per 10 grams.
Market Trends and Observations
The consistent rise in gold prices is attributed to global economic factors, fluctuations in the US dollar index, and increased demand for precious metals in the Indian market. Similarly, the rise in silver prices reflects a surge in industrial demand and investor sentiment favoring the metal.
Gold prices are expected to remain volatile in the coming days, influenced by international market trends and domestic demand dynamics.
