Gold prices witnessed a sharp rise on Tuesday, with 24-carat gold reaching ₹87,243 per 10 grams in Delhi, reflecting an increase of ₹410 compared to the previous day. In Mumbai, the rate stood at ₹87,097 per 10 grams, while Kolkata recorded ₹87,095 and Chennai ₹87,091. Similarly, 22-carat gold also saw a price hike, now valued at ₹7,998 per gram.
The silver market remained steady, with Delhi recording a rate of ₹1,02,500 per kg. Chennai, however, had the highest silver rate at ₹1,09,600 per kg, followed by Kolkata at ₹1,03,300 and Mumbai at ₹1,01,800. Over the past week, gold prices have increased steadily, with Delhi’s rates moving up from ₹85,383 per 10 grams on February 5 to the current ₹87,243. Silver prices have fluctuated slightly, but overall, they have remained stable in most major cities.
On the Multi Commodity Exchange (MCX), April 2025 gold futures were trading at ₹84,800 per 10 grams, reflecting a 0.42% increase. Meanwhile, silver futures for July 2025 were trading at ₹99,322 per kg, up by 0.259%. Market analysts attribute these fluctuations to global trends, investor demand, and economic conditions.
Gold and silver prices are influenced by various factors, including global demand, currency exchange rates, interest rate policies, and government regulations. Additionally, geopolitical tensions, inflation rates, and fluctuations in the US dollar’s strength also play a crucial role in determining gold prices in India. With the upcoming financial quarter and potential policy shifts in global economies, experts predict further volatility in the bullion market.
