Precious metal prices in India remain elevated, with gold and silver experiencing a significant rally. Over the past year, 24K gold prices have increased by nearly 62%, while silver has surged by almost 112%.
Precious metal prices remained firmly elevated in India on Monday, with both gold and silver trading at high levels. According to data from Bullion.co.in, 24K gold stood at Rs 1,62,810 per 10 grams, while 22K gold was priced at Rs 1,49,243 per 10 grams around 6:20 am. At the same time, 999-fine silver was quoted at Rs 2,47,540 per kg, while 925 sterling silver stood at Rs 2,28,975 per kg.
Gold has continued its strong performance in recent months. The price of 24K gold has gained more than 4% over the past week and has risen by nearly 62% over the past year, according to the report. Silver has also delivered a powerful rally, with 999-fine silver gaining 3.53% in a week and nearly 112% over the past year.
Gold and silver rates today: City-wise table
| City | 24K Gold (Rs /10 gm) | 22K Gold (Rs /10 gm) | Silver 999 Fine (Rs /kg) |
| Delhi | Rs 1,62,240 | Rs 1,48,720 | Rs 2,46,670 |
| Mumbai | Rs 1,62,520 | Rs 1,48,977 | Rs 2,47,090 |
| Kolkata | Rs 1,62,300 | Rs 1,48,775 | Rs 2,46,770 |
| Chennai | Rs 1,62,990 | Rs 1,49,408 | Rs 2,47,810 |
| Bengaluru | Rs 1,62,650 | Rs 1,49,096 | Rs 2,47,290 |
| Hyderabad | Rs 1,62,350 | Rs 1,49,215 | Rs 2,47,480 |
Among the major cities, Chennai recorded the highest gold and silver prices, while Delhi reported the lowest rates, according to the data. Chennai's 24K gold rate was Rs 1,62,990 per 10 grams, compared with Rs 1,62,240 in Delhi. For 22K gold, Chennai stood at Rs 1,49,408, while Delhi was at Rs 1,48,720 per 10 grams.
The same trend was visible in silver prices. Chennai's 999-fine silver rate was Rs 2,47,810 per kg, the highest among the cities listed. Delhi had the lowest rate at Rs 2,46,670 per kg. Mumbai's silver rate was Rs 2,47,090, while Bengaluru and Hyderabad recorded Rs 2,47,290 and Rs 2,47,480 per kg, respectively.
At the national level, silver's latest rally has been particularly notable. Silver 999 fine was Rs 2,47,540 per kg, while 925 sterling silver was Rs 2,28,975 per kg. Its nearly 112% year-on-year rise highlights the strong momentum in the white metal market.
For gold buyers, the difference between 24K and 22K prices reflects the purity of the metal. However, the final jewellery purchase price can be higher than the quoted market rate because of making charges, GST and other applicable costs.
With both precious metals trading at elevated levels, investors and jewellery buyers will continue to track domestic prices as well as international market movements for further direction.
