Gold prices today in India jumped by ₹391 to ₹98,687 per 10 grams, while silver reached ₹1.14 lakh/kg. Check the latest gold rates in your city.
Gold prices in India rose by ₹391 today, reaching a new high of ₹98,687 per 10 grams, according to recent market reports. At the same time, silver prices also saw an increase, reaching ₹1.14 lakh per kilogram. The rise in prices for these precious metals is indicative of global market trends and local demand.
If you’re considering investing in or purchasing gold, it’s essential to verify the rates in your specific area. Prices can differ from city to city due to factors like taxes, transportation costs, and local demand. Here’s a summary of the current gold prices in four key Indian cities, including Bhopal.
The price for 10 grams of gold in four major cities is as follows:
Kolkata: ₹1,00,480 (24K), ₹92,100 (22K) Delhi: ₹1,00,630 (24K), ₹92,250 (22K) Mumbai: ₹1,00,480 (24K), ₹92,100 (22K) Bhopal: ₹1,00,530 (24K), ₹92,150 (22K) Chennai: ₹1,00,480 (24K), ₹92,100 (22K)
Experts believe that gold could reach ₹1.4 lakh this year.
Ajay Kedia, the director of Kedia Advisory, suggests that ongoing geopolitical tensions related to US tariffs are providing support for gold prices. As a result, the demand for gold is expected to rise, potentially leading its prices to hit ₹1.4 lakh per 10 grams this year. Simultaneously, silver prices may reach ₹1.3 lakh by 2025.
Gold has become ₹22,525 more expensive this year.
Since the beginning of the year, the cost of 10 grams of 24-carat gold has increased from ₹76,162 to ₹98,687, marking a rise of ₹22,525. Similarly, silver prices have risen from ₹86,017 per kilogram to ₹1,13,600, a jump of ₹27,583. In 2024, gold’s price rose by ₹12,810.
Always opt for certified gold.
Make sure to purchase gold that is certified with the Bureau of Indian Standards (BIS) hallmark. BIS-certified gold features a 6-digit alphanumeric hallmark, referred to as the Hallmark Unique Identification Number (HUID). This hallmarking process allows you to verify the carat of the gold.
Gold prices in India experienced a significant increase today, climbing by ₹391 to reach ₹98,687 per 10 grams. This uptick is influenced by robust global indicators and persistent interest from investors seeking safe-haven options. Gold continues to be a favored selection for Indian consumers, particularly with the approaching festive and wedding seasons boosting demand.
In addition to gold, silver prices have also risen. At present, silver is priced at ₹1.14 lakh per kilogram, reflecting strong momentum in the bullion market. Analysts indicate that movements in the international market, along with shifts in the US dollar and geopolitical uncertainties, are propelling prices upward.
If you are considering purchasing gold, it is crucial to verify local prices, as they can vary by city due to factors such as state taxes, transportation costs, and demand. For example, gold may be comparatively pricier in cities like Chennai or Hyderabad than in Delhi or Kolkata.
Investors are encouraged to monitor daily price fluctuations and seek advice from financial professionals before making significant purchases. With the rise in gold prices today in India, making timely buying decisions could prove beneficial.
Keep yourself informed about the latest rates in your city to make educated choices.
