Gold-Silver Price Today : Prices Hold Steady After Rally; Geopolitical Tensions and Central Bank Buying Support Market Gold prices in India have seen a strong upward movement over the past two weeks, although the rally has paused in recent days with prices entering a consolidation phase. Despite the short-term stability, the yellow metal has managed to stay firmly above crucial support levels, backed by a weekly gain of around 1.9%.
Why Gold-Silver Price Rose
The recent surge in gold prices is driven by a mix of global and domestic factors. One of the key triggers has been rising geopolitical tensions involving Iran, which has increased uncertainty in global markets. During such periods, investors typically shift funds away from equities and move toward safe-haven assets like gold, boosting its demand.
Another major factor supporting prices is aggressive buying by central banks. Institutions like the Reserve Bank of India (RBI) and the People’s Bank of China (PBOC) have been steadily increasing their gold reserves. This sustained institutional demand has played a crucial role in keeping prices elevated.
Additionally, recent inflation data in the United States has raised expectations of possible interest rate cuts. This has slightly weakened the US dollar, making gold more attractive for global investors, as the two often share an inverse relationship.
Gold Prices Today in India
According to market data, gold prices today remain unchanged compared to the previous session, indicating a pause after recent volatility.
- 24-Carat Gold
- 1 gram: ₹15,093
- 8 grams: ₹1,20,744
- 10 grams: ₹1,50,930
- 100 grams: ₹15,09,300
- 22-Carat Gold
- 1 gram: ₹13,835
- 8 grams: ₹1,10,680
- 10 grams: ₹1,38,350
- 100 grams: ₹13,83,500
- 18-Carat Gold
- 1 gram: ₹11,320
- 8 grams: ₹90,560
- 10 grams: ₹1,13,200
- 100 grams: ₹11,32,000
Silver Prices Today
Silver prices across India are also stable today, reflecting a similar consolidation trend.
- 1 gram: ₹250
- 10 grams: ₹2,500
- 100 grams: ₹25,000
- 1 kilogram: ₹2,50,000
In major cities like Mumbai, Delhi, Kolkata, Bengaluru, Pune, and Ahmedabad, prices remain uniform. However, in cities such as Chennai and Hyderabad, silver is slightly higher:
- 10 grams: ₹2,550
- 100 grams: ₹25,500
- 1 kilogram: ₹2,55,000
Market Outlook
The current stability in gold and silver prices suggests that markets are taking a breather after the recent rally. However, the underlying factors—geopolitical tensions, central bank buying, and expectations of softer monetary policy—continue to support the precious metals market.
If global uncertainties persist and the dollar remains weak, gold prices could see further upside in the coming weeks. Investors are advised to keep a close watch on international developments and central bank policies, as these will remain key drivers for bullion prices.