- Gold and silver prices rose on Thursday, recovering from recent steep losses
- Silver reached Rs 2.71 lakh per kg and gold Rs 1.53 lakh per 10 grams
- Spot gold gained 1.2% amid softer US dollar and strong global cues
The prices of gold and silver continuining the recovery from the historic selloff from the past couple of days on Thursday. The prices of silver rose to Rs 2.71 lakh per kg, while gold rose marginally to Rs 1.53 lakh per 10 grams, according to the India Bullions website.
Spot gold rose as much as 1.2% in early trade, recovering part of the steep losses seen over the past two sessions after its sharp drop. By Wednesday's close, the metal was still down about 11% from its Jan. 29 record high, yet it remained roughly 15% higher for the year. Silver gained as well, pushing above the $90‑per‑ounce mark.
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Strong global cues and a softer US dollar boosted demand for precious metals, helping prices rebound sharply after last week's heavy sell-off, traders noted.
Data from the All India Sarafa Association showed that silver jumped by Rs 14,300, or about 5.03%, bringing its price to Rs 2,98,300 per kilogram (including all applicable taxes).
Precious metals surged last month, driven by speculative trading, rising geopolitical tensions, and renewed worries about the Federal Reserve's autonomy. But that powerful rally abruptly reversed late last week, with silver suffering its largest one‑day decline on record and gold experiencing its steepest fall since 2013. The pullback followed repeated cautions from analysts who warned that prices had risen too far, too fast.
Gold Price Today
In Mumbai, the financial heart of the country, 24-carat gold is retailing at approximately Rs 153,290 per 10 grams. Kolkata follows a similar trend, with its gold rate reported at Rs 153,090. Both cities are ahead of the national capital, Delhi, where the 24-carat rate currently stands at Rs 153,030.
The southern markets continue to record the highest figures in the country. Chennai leads the metros with a peak rate of Rs 153,740, while Hyderabad and Bengaluru follow closely at Rs 153,540 and Rs 153,410 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. Prices have surged to Rs 270,990 per kg. In the national capital, Delhi, silver is keeping pace with Mumbai, currently priced at Rs 270,520 per kg.
Chennai and Hyderabad are seeing silver trade at approximately Rs 271,770 and Rs 271,410 per kg, respectively. Bengaluru follows closely, with rates hovering around Rs 271,200 per kg. Kolkata is also witnessing a surge with silver currently trading at roughly Rs 270,630.
Gold Rates City-Wise
The following rates are as per 10 grams of gold.
Mumbai: Rs 153,290
Delhi: Rs 153,030
Bengaluru: Rs 153,410
Chennai: Rs 153,740
Hyderabad: Rs 153,540
Kolkata: Rs 153,090
Silver Rates City-Wise
The following rates are as per 1 kg
Mumbai: Rs 270,990
Delhi: Rs 270,520
Bengaluru: Rs 271,200
Chennai: Rs 271,770
Hyderabad: Rs 271,410
Kolkata: Rs 270,630
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