As of March 31, the gold market reflects an upward trend, with prices recorded at ₹89,330 per 10 grams for 24-carat gold, according to the latest figures from the Indian Bullion Association (IBA). The cost for 22-carat gold stands at ₹81,886 per 10 grams. Over the past 24 hours, gold prices have seen a steady increase, indicating a robust demand in the market.
Current Gold Prices in India
On the MCX index, the price of gold is currently at ₹88,850 per 10 grams, marking a rise of ₹44 from the previous day. This surge in gold prices reflects both local and global economic factors influencing the precious metal market.
Silver Prices on the Rise
In addition to gold, silver prices have also experienced a notable uptick. As of 7:20 AM, silver is priced at ₹1,00,770 per kilogram for Silver 999 Fine, according to the IBA. The price of Silver 900 Coin is reported at ₹90,693 per kilogram. The MCX index shows that silver has increased by ₹23, bringing the current price to ₹1,00,480 per kilogram.
Price Overview in Major Indian Cities
Let’s break down the latest gold and silver prices across key cities in India:
New Delhi
- Gold bullion rate: ₹89,010 per 10 gm
- MCX Gold rate: ₹88,850 per 10 gm
- Silver bullion rate: ₹100,410 per kg
- MCX Silver 999 rate: ₹1,00,480 per kg
Mumbai
- Gold bullion rate: ₹89,160 per 10 gm
- MCX Gold rate: ₹88,850 per 10 gm
- Silver bullion rate: ₹1,00,590 per kg
- MCX Silver 999 rate: ₹1,00,480 per kg
Chennai
- Gold bullion rate: ₹89,420 per 10 gm
- MCX Gold rate: ₹88,850 per 10 gm
- Silver bullion rate: ₹1,00,880 per kg
- MCX Silver 999 rate: ₹1,00,480 per kg
Hyderabad
- Gold bullion rate: ₹89,310 per 10 gm
- MCX Gold rate: ₹88,850 per 10 gm
- Silver bullion rate: ₹1,00,740 per kg
- MCX Silver 999 rate: ₹1,00,480 per kg
Kolkata
- Gold bullion rate: ₹89,050 per 10 gm
- MCX Gold rate: ₹88,850 per 10 gm
- Silver bullion rate: ₹1,00,450 per kg
- MCX Silver 999 rate: ₹1,00,480 per kg
Bengaluru
- Gold bullion rate: ₹89,230 per 10 gm
- MCX Gold rate: ₹88,850 per 10 gm
- Silver bullion rate: ₹1,00,660 per kg
- MCX Silver 999 rate: ₹1,00,480 per kg
Conclusion
The precious metal market is heating up, with gold prices seeing significant gains over the past few days. As investors look for safe-haven assets, the demand for both gold and silver continues to rise. With ongoing economic uncertainties, many are curious to see whether gold can reach the ₹1 lakh mark in the upcoming fiscal year. Stay tuned for more updates on gold and silver prices across India!
