Gold and silver prices recorded a marginal increase in India on Saturday, with the price of 24-carat gold rising by ₹10 per 10 grams in early trade to ₹1,57,650.
Gold and silver prices continued to rise amid global economic and geopolitical uncertainties, with demand for precious metals improving as investors shifted toward safe-haven investment options. On Saturday, May 30, prices of both gold and silver increased in the Indian bullion market.
According to experts, tensions in West Asia, concerns over global inflation, and volatility in financial markets have attracted investors toward gold and silver as safe-haven assets.
Latest market data showed a marginal increase in 24-carat gold prices, with rates reaching new levels across major Indian cities.
In Delhi, the price of 24-carat gold stood at ₹1,57,800 per 10 grams, while 22-carat gold was priced at ₹1,44,660 per 10 grams and 18-carat gold at ₹1,18,390 per 10 grams.
In Mumbai, 24-carat gold was priced at ₹1,57,650 per 10 grams, 22-carat gold at ₹1,44,510 per 10 grams, and 18-carat gold at ₹1,18,240 per 10 grams.
In Kolkata, 24-carat gold stood at ₹1,57,650 per 10 grams, while 22-carat gold was priced at ₹1,44,510 per 10 grams and 18-carat gold at ₹1,18,240 per 10 grams.
In Chennai, 24-carat gold was priced at ₹1,59,290 per 10 grams, 22-carat gold at ₹1,44,990 per 10 grams, and 18-carat gold at ₹1,21,590 per 10 grams.
In Bengaluru, 24-carat gold stood at ₹1,57,650 per 10 grams, while 22-carat gold was priced at ₹1,44,510 per 10 grams and 18-carat gold at ₹1,18,240 per 10 grams.
Market experts said price differences across cities are attributable to local taxes, demand, and logistics costs. Final rates may vary and do not include GST and making charges.
Silver prices also registered an increase, supported by industrial demand and investor interest. In most markets across the country, silver prices ranged between ₹2.80 lakh and ₹2.85 lakh per kilogram. In some major southern markets, particularly Chennai, silver prices reached around ₹2.90 lakh per kilogram.
Analysts said silver is benefiting from its dual role as a safe-haven investment option and from growing demand in electronics, solar energy, and industrial production.
