Gold and Silver Price Today: Gold is not just a metal, but is considered the most reliable pillar of Indian tradition and investment. For centuries, it has been considered a safe haven against inflation. This is why, when economic instability increases, investors naturally turn to gold. Demand for the yellow metal remains constant in the Indian market, which is why millions of eyes are fixed on its prices every day.
Today’s Gold Rate: Latest Rates for Investors
Gold prices in India saw a slight decline today. 24-carat gold was recorded at ₹11,868 per gram, while 22-carat gold was trading at ₹10,879 per gram and 18-carat gold at ₹8,901 per gram. Prices have seen a slight decline over the past 24 hours, with each carat category seeing a decline of approximately ₹1 per gram.
Latest Gold Rates in Metro Cities
Gold prices in major cities today were as follows. In Chennai, 24-carat gold was trading at ₹11,945 per gram, while 22-carat gold was recorded at ₹10,949 and 18-carat gold at ₹9,066. Prices remained similar in Mumbai and Kolkata, with 24-carat gold remaining stable at ₹11,868, 22-carat at ₹10,879, and 18-carat at ₹8,901. Rates varied slightly in Delhi, with 24-carat gold trading at ₹11,883, 22-carat at ₹10,894, and 18-carat at ₹8,916 per gram. Rates in Bangalore remained similar to Mumbai and Kolkata.
Silver Price: Investors’ Second Choice
Like gold, silver is an important investment option in the Indian market. Silver prices also remained stable today. In Chennai, 10 grams of silver was priced at ₹1,641, while 100 grams was priced at ₹16,410, and 1 kg at ₹1,64,100. In Mumbai, Delhi, Kolkata, and Bangalore, 10 grams of silver was priced at ₹1,531, 100 grams at ₹15,310, and 1 kg at ₹1,53,100.
Why do gold and silver prices fluctuate?
Metal prices often depend on international markets, the strength of the US dollar, crude oil prices, and global economic conditions. Festivals and wedding seasons in India also influence gold demand. As demand increases, prices rise, and when there is selling in the global market, gold and silver rates fall.
Signal for Investors
Given today’s rates, experts believe this slight decline could be a good opportunity for investors looking to invest in gold for the long term. Traditionally, gold offers stable returns over the long term and is considered a safe bet in any portfolio. Silver, which is often influenced by industrial demand, remains an affordable option for small investors.
The Result: Gold Remains Lustrous
Regardless of price fluctuations, Indian investors remain attracted to gold and silver. They are not only a safe investment but also an integral part of Indian culture and tradition. Today’s latest rates provide another signal to investors that it is time to be vigilant and choose the right opportunity.