Gold prices and silver rates in India rose on Wednesday amid persistent buying by stockists and a weaker rupee. Traders said increased offtake by local jewellers and stockists supported gold prices in the domestic market. Additionally, the weakened rupee made gold costlier for holders of other currencies, offsetting the impact of a decline in global prices, local marketmen told news agency PTI.
The gold rate in India on Wednesday is Rs 1,60,360 per 10 gms while the silver rate in India is Rs 2,61,310 per 1 kg, according the Bullions website.
In the international markets, spot gold was trading 1.35% lower at $5,157.16 per ounce, while silver traded flat at $88.19 per ounce.
Gold Price Today
In Mumbai, the financial heart of the country, 24-carat gold is retailing at approximately Rs 1,60,070 per 10 grams. Kolkata follows a similar trend, with its gold rate reported at Rs 1,59,860. Both cities are ahead of the national capital, Delhi, where the 24-carat rate currently stands at Rs 1,60,670.
The southern markets continue to record the highest figures in the country. Chennai leads the metros with a peak rate of Rs 1,60,540, while Hyderabad and Bengaluru follow closely at Rs 1,60,320 and Rs 1,60,200 respectively, keeping the price gap between the southern hubs and the northern capital distinct.
Silver Price Today
Here is how the silver rates are unfolding across major Indian hubs today: Mumbai is the epicenter of this price rally. The current silver rate in Mumbai is Rs 2,60,840 per kg. In the national capital, Delhi, silver is keeping pace with Mumbai, currently priced at Rs 2,60,390 per kg.
Chennai and Hyderabad are seeing silver trade at approximately Rs 2,61,600 and Rs 2,61,250 per kg, respectively. Bengaluru follows closely, with rates hovering around Rs 2,61,040 per kg. Silver rates in Kolkata are currently trading at roughly Rs. 2,60,490.
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Gold Rates City-Wise
The following rates are as per 10 grams of gold.
Mumbai: Rs 1,60,070
Delhi: Rs 1,59,800
Bengaluru: Rs 1,60,200
Chennai: Rs 1,60,540
Hyderabad: Rs 1,60,320
Kolkata: Rs 1,59,860
Silver Rates City-Wise
The following rates are as per 1 kg
Mumbai: Rs 2,60,840
Delhi: Rs 2,60,390
Bengaluru: Rs 2,61,040
Chennai: Rs 2,61,600
Hyderabad: Rs 2,61,250
Kolkata: Rs 2,60,490
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