New Delhi, Aug 24 (HS): The domestic bullion market continued its bullish run as both gold and silver registered sharp gains this week. Gold prices surged by ₹840–860 per 10 grams today, taking the yellow metal to fresh highs across major Indian markets.

In the national capital, 24-carat gold was quoted at ₹1,01,770 per 10 grams, while 22-carat gold stood at ₹93,300 per 10 grams. Mumbai mirrored similar levels, with 24-carat gold trading at ₹1,01,620 per 10 grams and 22-carat gold at ₹93,150. Ahmedabad, Chennai, Kolkata and other key centers also reported uniform rates in the ₹1,01,620–1,01,770 range for 24-carat gold.

Silver, too, staged a sharp rally, climbing to the psychologically significant ₹1,20,000 per kilogram mark in Delhi’s bullion market, reflecting persistent investor appetite for precious metals.

On a weekly basis, despite high volatility between Monday and Saturday, gold managed to notch up gains of ₹440 per 10 grams, while silver rose ₹3,800 per kilogram. Traders noted heightened retail demand and global uncertainties as key drivers behind the price uptick.

In tier-2 markets, including Lucknow, Patna, and Jaipur, gold traded nearly aligned with national averages, with 24-carat prices ranging between ₹1,01,670 and ₹1,01,770 per 10 grams. Meanwhile, Bengaluru, Hyderabad, and Bhubaneswar also reported ₹1,01,620 for 24-carat gold and ₹93,150 for 22-carat gold, underscoring a broad-based upward price momentum across states.

Analysts believe bullion markets are likely to remain on firm footing in the coming weeks, with global gold cues, currency fluctuations, and festive demand shaping the price trajectory.

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Hindusthan Samachar / Jun Sarkar