Gold and silver prices in India remained steady today, reflecting both international bullion trends and local market demand. In Mumbai and Delhi, 24K gold was quoted around ₹1,44,000–₹1,44,500 per 10 grams, while 22K gold hovered near ₹1,32,500 per 10 grams. On the Multi Commodity Exchange (MCX), June futures opened higher, tracking global cues where spot gold crossed $4,600 per ounce. Analysts note that inflationary concerns, rupee weakness, and geopolitical uncertainty are helping gold maintain its safe‑haven appeal, even though weekly charts show mild corrections.
Silver prices also held firm, averaging ₹2,27,000–₹2,29,900 per kilogram nationwide. In major cities such as Mumbai, Delhi, and Bangalore, silver was quoted at ₹2,299 per 10 grams, while Ahmedabad and Amritsar saw slightly lower rates at ₹2,246–₹2,249 per 10 grams. Globally, silver traded between $68–$74 per ounce, reflecting volatility tied to industrial demand, speculative trading, and currency fluctuations.
Market experts suggest that while both metals have faced short‑term swings, their long‑term outlook remains positive. Gold continues to be favored as a hedge against inflation and global risks, while silver’s dual role as both a precious and industrial metal keeps it sensitive to manufacturing demand and economic growth. Investors are advised to watch for upcoming central bank policy decisions and global economic indicators, which could influence bullion prices in the weeks ahead.
