New Delhi: Gold prices recorded largely stable across major Indian cities on Friday, while silver continued its upward march, trading above ₹2.45 lakh per kilogram in most markets and touching ₹2.50 lakh per kg in cities such as Hyderabad and Chennai.
The precious metals market remained cautious as investors assessed global economic signals, a stronger US dollar and expectations that the US Federal Reserve could keep interest rates higher for longer.
Will gold prices rise again? Tax changes and geopolitics set to drive volatility in H2 2026
City with highest Gold rate
On the Multi Commodity Exchange (MCX), gold futures edged down 0.02 per cent during the previous session to settle above ₹1.45 lakh per 10 grams. In the retail market, 24-carat gold was priced at ₹1,43,940 per 10 grams in Delhi, while 22-carat gold stood at ₹1,31,960.
Across Mumbai, Bengaluru, Kolkata and Hyderabad, 24K gold was priced at ₹1,43,790 per 10 grams, while Chennai recorded the highest rate at ₹1,46,190.
Silver Continues to Outshine Gold
Unlike gold, silver prices remained elevated, trading at ₹2,45,100 per kg in Delhi, Mumbai, Bengaluru and Kolkata. In Hyderabad and Chennai, the white metal crossed the ₹2.50 lakh per kg mark, making it one of the strongest-performing precious metals this year.
Analysts attribute silver’s rally to robust industrial demand, particularly from the renewable energy, electric vehicle and electronics sectors, in addition to investment demand.
Gold Price Today: Gold falls below $4,000 as US-Iran talks trigger market shift
What’s Driving Precious Metal Prices?
Market participants are closely tracking US economic data, Federal Reserve policy signals and currency movements for further direction. A stronger dollar and expectations of prolonged higher interest rates have capped gains in gold, which does not offer interest income.
Despite short-term fluctuations, analysts believe both gold and silver are likely to remain supported by global economic uncertainty and geopolitical risks.
Disclaimer: Gold and silver prices are indicative and may vary across cities, jewellers, and due to GST, making charges, and other local taxes. Readers are advised to check with their local jeweler before making any purchase.
Comments are closed.