Southwala Shorts
- The price of 24-carat gold climbed by ₹10 in early trade on Thursday.
- Ten grams of the precious metal is now trading at ₹1,10,519 in key markets.
- In Delhi, the rate is slightly higher at ₹1,10,660, while in Mumbai, Kolkata, Chennai, and Hyderabad, it remains at the base price.
- In contrast, silver prices slipped by ₹100 per kilogram, bringing the rate down to ₹1,29,900.
The price of 24-carat gold climbed by ₹10 in early trade on Thursday. Ten grams of the precious metal is now trading at ₹1,10,519 in key markets. In Delhi, the rate is slightly higher at ₹1,10,660, while in Mumbai, Kolkata, Chennai, and Hyderabad, it remains at the base price.
In contrast, silver prices slipped by ₹100 per kilogram, bringing the rate down to ₹1,29,900. The decline reflects a mild correction in the market after steady gains earlier this month.
The price of 22-carat gold also rose by ₹10. In most major cities, including Mumbai, Kolkata, and Chennai, ten grams are selling for ₹92,960, while in Delhi, the same quantity is priced at ₹93,110.
These modest changes in gold and silver are part of the regular fluctuations that traders and buyers track closely. Precious metal prices in India are influenced by a mix of global market cues, currency exchange rates, inflation trends, and international demand.
For investors, gold continues to be a preferred safe-haven asset, especially in uncertain economic times. Even small gains reflect steady interest in holding gold as protection against inflation and currency volatility. Silver, often used both as an investment and in industrial demand, has seen sharper movements compared to gold in recent months.
For retail buyers planning jewellery purchases ahead of the festive season, the slight rise in gold prices may not have a significant impact. However, silver’s minor dip provides a small window of opportunity for those looking to invest in larger quantities or make bulk purchases.
Analysts expect gold and silver prices to continue showing small day-to-day movements, driven largely by global economic signals. Any changes in U.S. interest rate policy or shifts in the dollar’s strength are likely to play a decisive role in shaping price trends in the coming weeks.
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