Gold and silver prices in India increased on Thursday amid global economic uncertainties, sustained investment demand and rising prices of precious metals in international markets.
According to reports, the price of 24-carat gold increased by ₹33 per gram on May 7. Prices of 22-carat and 18-carat gold also rose by ₹30 and ₹20 per gram, respectively. Latest rates showed 24-carat gold at ₹15,246 per gram, while 22-carat gold was priced at ₹13,975 per gram and 18-carat gold at ₹11,434 per gram.
The price of 24-carat gold crossed ₹15,000 per gram in the domestic market. Rates for 22-carat and 18-carat gold also registered gains compared with the previous trading session.
Current rates were recorded as follows:
24-carat gold: approximately ₹15,246 per gram
22-carat gold: approximately ₹13,975 per gram
18-carat gold: approximately ₹11,434 per gram
Experts said demand for safe-haven investments at the global level continued to support gold prices. Most jewellery in India is made using 22-carat gold. A customer purchasing or commissioning 10 grams of 22-carat gold jewellery today would incur a base gold cost of approximately ₹1,39,750.
In Delhi, 24-carat gold was priced at ₹15,239 per gram and 22-carat gold at ₹13,990 per gram. In Mumbai, 24-carat gold was priced at ₹15,246 per gram and 22-carat gold at ₹13,975 per gram. Kolkata recorded 24-carat gold prices at ₹15,246 per gram and 22-carat gold at ₹13,975 per gram.
In Chennai, 24-carat gold was priced at ₹15,383 per gram and 22-carat gold at ₹14,101 per gram. Bengaluru recorded 24-carat gold prices at ₹15,246 per gram and 22-carat gold at ₹13,975 per gram. In Jaipur, 24-carat gold was priced at ₹15,239 per gram and 22-carat gold at ₹13,990 per gram. Patna recorded 24-carat gold prices at ₹15,251 per gram and 22-carat gold at ₹13,980 per gram.
Silver prices also registered gains in the domestic market. Silver was priced at approximately ₹270 per gram, ₹2,700 per 10 grams, ₹27,000 per 100 grams and ₹2,70,000 per kilogram.
Compared with the previous trading session, silver prices increased by around ₹5 per gram and ₹5,000 per kilogram. In cities including Delhi, Mumbai, Kolkata and Bengaluru, silver traded near ₹2.70 lakh per kilogram, while in Chennai prices reached approximately ₹2.75 lakh per kilogram
