Today, gold and silver prices in India are showing slight movement as markets adjust to global cues. Both metals continue to attract buyers due to their stable and long-term value. Gold prices remain strong as investors turn to safe assets, while silver follows similar trends driven by industrial demand. Knowing the daily price helps people plan jewellery purchases and investments wisely. Let’s explore today’s exact rates, reasons behind price changes, and the six most important points you should know.
Current Gold Price in India
Today, 24K gold is priced around ₹1,58,000 per 10 grams, while 22K gold stands near ₹1,45,000 per 10 grams. These prices can slightly vary from city to city. Gold prices depend on global markets, rupee value, and local demand. Jewellery buyers must also pay making charges and GST, which raise the final retail price. The consistent rise in gold’s value shows that it continues to be one of India’s favourite investment options.
Silver Price and Demand Trends
Silver is trading around ₹295–₹300 per gram, which means nearly ₹2,95,000 per kilogram. Silver demand is increasing due to its use in industries like electronics, medicine, and solar energy. It’s also a popular choice for ornaments and coins. Because of its dual role—industrial and investment—silver often experiences sharper price swings than gold, making it an exciting option for traders.
Main Factors Affecting Metal Prices
The prices of gold and silver are influenced by various factors, such as:
- International market fluctuations
- Dollar to rupee exchange rate
- Inflation and interest rates
- Government import duties
- Multi Commodity Exchange of India (MCX) trading
When the rupee weakens or inflation rises, gold prices generally move upward. This makes it essential to stay updated with daily rate changes.
MCX and Global Gold Trends
The Multi Commodity Exchange of India (MCX) shows gold futures hovering around ₹1,58,000 per 10 grams. Internationally, gold trades near $2,300 per ounce. Analysts predict stability with minor fluctuations in the short term. Silver, too, is holding firm as industrial usage supports demand. Keeping an eye on MCX updates helps investors track possible market turns.
Investment Importance of Gold and Silver
Both metals are considered safe-haven assets. Gold offers long-term stability, while silver provides affordable entry for small investors. People buy them during uncertain times to protect wealth. You can invest in coins, bars, or digital options like ETFs and sovereign gold bonds. Over time, gold and silver prices tend to rise, providing steady returns.
Buying Tips for Customers
Before buying, always:
- Check live prices from reliable websites or banks.
- Verify purity using BIS hallmarks.
- Ask for itemized bills with GST and making charges.
- Compare rates from multiple jewellers.
- Buy during dips, not peak wedding or festival seasons.
Conclusion
Gold and silver remain valuable assets for both investors and jewellery lovers. Staying aware of today’s prices ensures smart purchasing and investing decisions. As global markets continue to shift, regularly checking rates and understanding the reasons behind changes can help you make confident and profitable metal investments every time.