Gold gains over ₹1,300 per 10 grams and silver jumps ₹11,800 per kg amid strong global cues
Gold and silver prices surged in India’s domestic bullion market on Thursday, tracking firm global trends and increased investor demand. The sharp rise comes amid continued volatility in international markets and seasonal buying interest.
Key Announcements / Highlights
Gold prices increased by ₹1,300–₹1,420 per 10 grams in early trade.
Silver prices rose by ₹11,800 per kilogram, reflecting strong upward momentum.
The rally was supported by gains in international bullion markets.
Domestic Price Trends
In major Indian cities, 24-carat gold was trading between ₹1,55,360 and ₹1,56,230 per 10 grams, while 22-carat gold ranged from ₹1,42,410 to ₹1,43,300.
Delhi recorded 24-carat gold at around ₹1,55,510 per 10 grams, with similar price levels seen in cities like Mumbai, Bengaluru, and Kolkata. Chennai reported slightly higher prices, reflecting regional variations.
Silver prices reached approximately ₹2,70,100 per kilogram in key markets, including Delhi.
Global Market Influence
Internationally, gold prices moved higher, with spot gold rising by around 0.63% to trade above $4,800 per ounce. Silver also saw gains, trading near $78 per ounce.
These global trends typically influence domestic bullion markets in India, where prices are closely linked to international rates and currency movements.
Factors Driving the Rally
Analysts attribute the rise in bullion prices to a combination of global uncertainty, currency fluctuations, and increased demand for safe-haven assets like gold.
Seasonal demand, including jewellery purchases during festive periods, has also contributed to the upward trend in domestic markets.
Context / Background
Gold and silver are traditionally considered safe investment options, especially during periods of economic or geopolitical uncertainty.
In India, gold also holds cultural significance, with demand rising during festivals and wedding seasons.
Public Impact
Higher bullion prices may affect jewellery buyers, making purchases more expensive in the short term.
At the same time, investors holding gold and silver assets may benefit from the price increase.
The trend can also influence inflation and consumer spending patterns, particularly in a price-sensitive market like India.
Conclusion and Outlook
The current rally indicates strong momentum in bullion markets, driven by both global and domestic factors.
Market participants will closely monitor international developments and demand trends to assess whether the upward movement in gold and silver prices will continue in the coming weeks.
Input & Images : Hindusthan Samachar
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Last Updated on: Thursday, April 16, 2026 6:33 pm by Monisha Angara | Published by: Monisha Angara on Thursday, April 16, 2026 6:33 pm | News Categories: Business
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