Gold prices in the commodity market rose by ₹439 to cross ₹1.51 lakh per 10 grams, while silver declined by ₹1,989. The divergence comes amid global uncertainty, with investor interest shifting toward gold.
In early trade around 10 am, gold prices increased by ₹439 per 10 grams to ₹1,51,200. In contrast, silver prices were recorded at around ₹2,39,549 per kilogram, reflecting a decline of approximately ₹1,989 per kilogram.
Gold prices at 10:11 am stood at ₹1,51,200 per 10 grams, marking an increase of ₹439. On the Multi Commodity Exchange, gold June futures recorded a low of ₹1,51,068 per 10 grams and a high of ₹1,51,870 per 10 grams during the session, indicating intra-day price movement.
Silver prices moved lower, with rates at around ₹2,39,549 per kilogram at approximately 10 am. During trading, silver recorded a low of ₹2,38,501 and a high of ₹2,40,612 per kilogram, indicating price volatility.
Gold prices varied across cities. For 24-carat gold, rates in Patna were ₹1,51,330 per 10 grams, Jaipur ₹1,51,390, and Kanpur and Lucknow around ₹1,51,520. Bhopal and Indore recorded the highest levels at ₹1,51,640 per 10 grams, while Chandigarh and Raipur were relatively lower. Similar trends were observed in 22-carat and 18-carat gold prices across cities with minor variations.
City-wise data showed Patna recording the lowest gold price at ₹1,51,330 per 10 grams, followed by Jaipur at ₹1,51,390 and Kanpur and Lucknow at around ₹1,51,520. Bhopal and Indore recorded the highest at ₹1,51,640 per 10 grams.
For silver, Patna recorded the lowest price at ₹2,40,070 per kilogram, while Bhopal and Indore recorded higher levels at ₹2,40,830 per kilogram.
The increase in gold prices is attributed to global uncertainty, which has led investors to shift toward gold as a safe-haven asset. Movements in the US dollar, interest rate conditions, and international market signals are also influencing gold prices.
The decline in silver prices is linked to industrial demand dynamics. As silver has higher industrial usage, uncertainty around economic activity has exerted pressure on prices. Profit booking during trading sessions has also contributed to the decline.
The divergence in gold and silver prices indicates ongoing market volatility.
