Gold rises for the second consecutive day while silver slips in India. Check latest 24K, 22K, 18K gold rates across 10 major cities.
The bullion market witnessed mixed trends for the second consecutive day, with gold prices extending gains while silver recorded a decline after remaining stable for four straight days. Market movements were influenced by easing geopolitical tensions and shifting demand patterns in global markets.
Reports suggest that expectations of improved diplomatic relations between the United States and Iran have reduced global uncertainty, supporting gold prices. However, silver remained under pressure due to weak industrial demand, which continued to weigh on its overall performance.
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Gold Prices Across 10 Major Cities (Per 10 Grams):
Gold rates for 24-carat, 22-carat, and 18-carat categories across key Indian cities are as follows:
Delhi: 24K ₹1,59,540 | 22K ₹1,46,260 | 18K ₹1,19,650
Mumbai: 24K ₹1,59,390 | 22K ₹1,46,110 | 18K ₹1,19,550
Kolkata: 24K ₹1,59,390 | 22K ₹1,46,110 | 18K ₹1,19,550
Chennai: 24K ₹1,61,250 | 22K ₹1,47,810 | 18K ₹1,24,010
Bengaluru: 24K ₹1,59,390 | 22K ₹1,46,110 | 18K ₹1,19,550
Hyderabad: 24K ₹1,59,390 | 22K ₹1,46,110 | 18K ₹1,19,550
Lucknow: 24K ₹1,59,540 | 22K ₹1,46,260 | 18K ₹1,19,650
Patna: 24K ₹1,59,440 | 22K ₹1,46,160 | 18K ₹1,19,560
Jaipur: 24K ₹1,59,540 | 22K ₹1,46,260 | 18K ₹1,19,650
Ahmedabad: 24K ₹1,59,440 | 22K ₹1,46,160 | 18K ₹1,19,560
Silver Prices Decline After Stability:
After four days of stable trading, silver prices witnessed a slight decline. Prior to this, silver had risen sharply by ₹5,000 per kilogram on May 21.
In the latest update, silver in Delhi dropped by ₹100 to ₹2,84,900 per kg. The same rate was observed in Mumbai and Kolkata as well. However, Chennai remained the most expensive market, with silver priced at ₹2,94,900 per kg.
Market Outlook:
Analysts suggest that gold continues to benefit from global uncertainty and safe-haven demand, while silver remains affected by weak industrial consumption. Market volatility is expected to continue in the near term depending on global economic and geopolitical developments.
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