Gold-Silver Price Today: Gold became costlier, silver also showed rise; Know the latest rates before buying

New Delhi: An increase in gold prices has been recorded for the second consecutive day across the country. On the morning of July 11, gold prices have reached new levels in many big cities. There has also been a rise in the prices of silver. Experts believe that due to the weakness of the dollar in the international market and increasing buying by investors, the demand for precious metals has increased, the effect of which is clearly visible on the Indian market.

The strengthening of gold prices in the global market has also affected the domestic market. Internationally, spot gold is trading at around $4,106.25 per ounce. Due to weak dollar, investors have turned towards gold which is considered a safe investment. The same effect was also seen in the Indian bullion market, where an increase of about Rs 400 per 10 grams was recorded in the price of gold in Delhi in the last trading session.

Today’s gold rate in major cities

In the national capital Delhi, the price of 24 carat gold has increased to Rs 1,44,960 per 10 grams. Whereas 22 carat gold is being sold at the level of Rs 1,32,910 per 10 grams. In Mumbai and Kolkata, the price of 24 carat gold has been recorded at Rs 1,44,830 per 10 grams. Whereas the price of 22 carat gold is Rs 1,32,760 per 10 grams.

Gold remains a bit expensive in Chennai compared to other cities. Here the price of 24 carat gold is Rs 1,45,650 per 10 grams, while 22 carat gold is available at Rs 1,33,510 per 10 grams. Gold prices are almost the same in Pune and Bangalore also. Here 24 carat gold is trading at Rs 1,44,830 per 10 grams and 22 carat gold is trading at Rs 1,32,760 per 10 grams.

How can the price be in future?

Global financial institution HSBC has released a new estimate regarding gold prices. According to the bank, the average price of gold in the year 2026 is likely to be around $ 4,560 per ounce. Earlier this estimate was made at $ 4,864 per ounce, which has now been revised.

The report also says that in the year 2027, the average price of gold can reach about $ 4,925 per ounce. Whereas in the remaining months of this year, gold can trade in the range of $ 3,800 to 4,700 per ounce. If the current market conditions persist, its price may reach $ 4,750 an ounce by the end of the year. By the end of next year, this figure is expected to reach $5,025 per ounce.

Silver also showed strength

Along with gold, silver prices also continue to rise. On the morning of July 11, the price of silver in the domestic market was recorded at around Rs 2,40,100 per kg. Whereas in the international market, spot silver is trading at around $59.54 per ounce. Experts say that silver prices are also influenced by global economic conditions, movement of the dollar, industrial demand and buying by investors. Therefore, there may be fluctuations in its prices in the coming days.

Gold and silver prices do not depend only on domestic demand and supply. The position of the dollar in the international market, interest rates, global economic environment, geopolitical tensions and investors’ strategies also affect their prices. This is the reason why the effect of changes in the global market is rapidly visible in the Indian bullion market also.