Gold and Silver Prices Fall Again Across Major Indian Cities
Gold and silver prices continued to decline across India on Monday, offering relief to buyers as market fluctuations eased amid global tensions and changing economic conditions worldwide.
After witnessing sharp increases over the past few months, gold and silver prices have now started showing a gradual decline across domestic markets. For the last few days, both precious metals have been falling steadily, bringing some relief to jewellery buyers and investors.
Market experts believe global economic uncertainty, international tensions, and fluctuations in the US dollar had earlier pushed bullion prices to record highs. At one stage, gold prices nearly touched Rs 2 lakh per 10 grams, while silver rates surged close to Rs 4 lakh per kilogram, making purchases difficult for common consumers.
However, the situation has slightly improved now, with prices softening in both international and domestic markets.
Latest Gold and Silver Rates in India
In the Indian market, the price of 24 carat gold currently stands at Rs 1,52,234 for 10 grams, while 22 carat gold is trading at Rs 1,39,640 for 10 grams.
Silver prices also moved lower alongside gold. At present, silver is trading at around Rs 2,74,900 per kilogram in the domestic market.
Internationally, gold prices were reported near 4,715 dollars per ounce, reflecting ongoing volatility in global bullion trading.
City Wise Gold Prices
In Hyderabad, 24 carat gold is priced at Rs 1,52,234 per 10 grams, slightly lower than the previous day’s rate of Rs 1,52,650. The price of 22 carat gold remains at Rs 1,39,640, while silver is trading around Rs 2,62,350 per kilogram.
Similar gold prices were recorded in Vijayawada and Visakhapatnam, where 24 carat gold stands at Rs 1,52,234 and 22 carat gold at Rs 1,39,640.
Mumbai, Bengaluru, and Kolkata also reported nearly identical rates for both 24 carat and 22 carat gold.
In Chennai, however, prices remained slightly higher, with 24 carat gold trading at Rs 1,54,360 per 10 grams and 22 carat gold at Rs 1,41,490.
Delhi recorded 24 carat gold at Rs 1,52,490, while 22 carat gold was priced around Rs 1,39,790.
Why PM Modi Spoke About Gold Purchases
Prime Minister Narendra Modi recently made notable comments regarding gold buying habits during a public meeting at Parade Grounds in Secunderabad. He urged citizens to avoid purchasing gold for at least a year.
According to analysts, the Prime Minister’s remarks were linked to the country’s economic interests, particularly the need to protect foreign exchange reserves and reduce trade deficits during uncertain global conditions.
Experts say large scale gold imports put pressure on India’s foreign currency reserves, and reducing unnecessary purchases could help strengthen the economy in the long run.
