Gold and silver prices see a sharp rise in India, with silver jumping over ₹4,000 per kg and gold rising ₹600 per 10 grams after recent decline.
After several days of decline, the Indian bullion market has witnessed a strong rebound in both gold and silver prices. The sudden upward movement has brought fresh activity back into the market, with investors closely tracking the latest rates across major cities.
Early morning trading showed a significant jump in silver prices, while gold prices also recorded a notable increase.
Gold Price Today Shows Strong Upside
Around 10 AM, the price of gold stood at approximately ₹1,59,275 per 10 grams, marking an increase of around ₹600. During the trading session, gold touched a low of ₹1,59,014 and a high of ₹1,59,500 per 10 grams.
The recovery in gold prices reflects renewed buying interest after a recent phase of weakness in the bullion market.
Silver Price Surges Over ₹4,000 Per Kg
Silver witnessed an even sharper rise, with prices jumping by more than ₹4,000 per kilogram. Around 10 AM, silver was trading near ₹2,76,243 per kg, showing strong upward momentum.
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During the session, silver recorded a low of ₹2,75,428 and a high of ₹2,76,888 per kg, indicating increased volatility and strong demand in the market.
City-Wise Gold and Silver Rates Across India
Gold and silver prices varied across major Indian cities:
In Patna, gold was around ₹159,790 and silver ₹277,050 per kg
Jaipur recorded higher silver prices at ₹277,170 per kg
Kanpur and Lucknow saw similar rates at ₹159,880 for gold
Bhopal and Indore reported the highest gold price at ₹160,010
Raipur offered relatively lower gold prices at ₹159,780 and cheaper silver at ₹276,760
Chandigarh recorded gold at ₹159,840 and silver at ₹276,870 per kg
Market Sentiment Turns Positive After Recent Decline
Market experts believe this sudden rise is mainly due to short-term buying and global price fluctuations. After continuous losses in previous sessions, the rebound has restored some confidence among traders.
However, volatility is expected to continue as global economic factors and currency movements influence bullion prices.
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