New Delhi, October 10(HS): The domestic bullion market witnessed a continuation of record-breaking gains today, with gold and silver prices reaching new peaks across major Indian cities. Gold prices climbed by ₹200 to ₹220 per 10 grams, while silver surged by ₹7,000 per kilogram, bolstering investor and consumer interest in precious metals.
In most markets, 24-carat gold traded between ₹1,24,160 and ₹1,24,310 per 10 grams, while 22-carat gold hovered between ₹1,13,810 and ₹1,13,960 per 10 grams. Silver prices soared to ₹1,67,100 per kilogram in Delhi’s Sarafa market, reflecting robust demand.City-wise, 24-carat gold was priced at ₹1,24,310 per 10 grams in Delhi and ₹1,24,160 per 10 grams in Mumbai. Ahmedabad recorded gold rates at ₹1,24,210 for 24-carat and ₹1,13,860 for 22-carat gold.
Chennai and Kolkata both saw 24-carat gold trading around ₹1,24,160 per 10 grams, with 22-carat close to ₹1,13,810 per 10 grams.Markets in Lucknow, Patna, Jaipur, Bengaluru, Hyderabad, and Bhubaneswar mirrored this bullish trend, with 24-carat gold prices maintaining above ₹1,24,000 per 10 grams in these regional hubs.
The surge in precious metal prices is driven by continued strong industrial and jewellery demand, safe-haven buying amid global economic uncertainties, and steady domestic investment ahead of the festive season. The market outlook remains positive as gold and silver sustain their momentum, maintaining appeal as long-term investment hedges against inflation and geopolitical risks.
This record-breaking rally underlines the growing investor confidence and the shimmering allure of precious metals in India’s vibrant economy.
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Hindusthan Samachar / Jun Sarkar
