Gold and silver prices in India recorded gains for the second consecutive day, supported by wedding season demand and continued buying interest in safe haven assets. Prices rose across major cities, making jewellery purchases more expensive, while silver also extended its upward move.
In Delhi and other large cities, both 24-carat and 22-carat gold prices increased during the day, while silver prices climbed for the second straight session. Market participants used the recent price correction as a buying opportunity, which has now translated into higher prices.
In Delhi, the price of 24-carat gold rose by ₹10 per 10 grams, while 22-carat gold also increased by ₹10 per 10 grams. Over the past two days, 24-carat gold prices have risen by ₹1,320 per 10 grams, while 22-carat gold has gained ₹1,210 per 10 grams.
Demand for gold and silver as safe haven assets remained steady amid ongoing uncertainty around global economic data and interest rates, contributing to the continued rise in prices.
Across major cities, gold prices remained elevated. In Delhi, 24-carat gold was priced at ₹1,58,070 per 10 grams, 22-carat gold at ₹1,44,910 per 10 grams, and 18-carat gold at ₹1,18,600 per 10 grams.
In Mumbai, 24-carat gold was priced at ₹1,57,920 per 10 grams, 22-carat gold at ₹1,44,760 per 10 grams, and 18-carat gold at ₹1,18,450 per 10 grams. Prices in Kolkata were at similar levels to Mumbai.
Chennai recorded the highest gold prices among major cities, with 24-carat gold at ₹1,59,830 per 10 grams, 22-carat gold at ₹1,46,510 per 10 grams, and 18-carat gold at ₹1,25,210 per 10 grams.
In Bengaluru and Hyderabad, 24-carat gold was priced at ₹1,57,920 per 10 grams, 22-carat gold at ₹1,44,760 per 10 grams, and 18-carat gold at ₹1,18,450 per 10 grams.
In Lucknow and Jaipur, 24-carat gold stood at ₹1,58,070 per 10 grams, 22-carat gold at ₹1,44,910 per 10 grams, and 18-carat gold at ₹1,18,600 per 10 grams.
In Patna and Ahmedabad, 24-carat gold was priced at ₹1,57,970 per 10 grams, 22-carat gold at ₹1,44,810 per 10 grams, and 18-carat gold at around ₹1,18,500 per 10 grams.
Silver prices also extended gains for the second consecutive day after remaining stable for three sessions. In Delhi, silver prices have increased by a total of ₹15,100 per kilogram over the past two days.
On February 10, silver was priced at ₹3,01,100 per kilogram in Delhi, marking an increase of ₹100 during the day. Prices in Mumbai, Kolkata, and Chennai were trading at similar levels, reflecting sustained demand for silver.
The ongoing wedding season has added to jewellery demand, contributing to upward pressure on gold and silver prices and increasing costs for consumers.
