Bullion markets witness sharp rise as festive buying and global uncertainties push prices higher
Gold and silver prices recorded a sharp increase across domestic bullion markets on Tuesday, driven by strong seasonal demand and global economic signals. The surge comes as jewellers and investors step up purchases ahead of the upcoming festive and wedding season.
Across major cities, gold prices rose significantly compared to the previous session, while silver also saw a steep jump, reflecting renewed interest in precious metals.
Sharp Rise in Gold and Silver Prices
Prices of 24-carat gold increased by approximately ₹3,700 to ₹4,000 per 10 grams in early trade. The metal is now trading in the range of ₹1,53,800 to ₹1,54,900 per 10 grams across key markets.
Similarly, 22-carat gold is being quoted between ₹1,41,000 and ₹1,42,000 per 10 grams.
Silver prices also moved higher, with rates rising by as much as ₹10,200 per kilogram. In Delhi, silver is trading at around ₹2,60,100 per kg.
City-Wise Price Trends
Major bullion hubs across India reported consistent gains:
- Delhi: 24K gold around ₹1,53,980 per 10 grams
- Mumbai: 24K gold near ₹1,53,830
- Chennai: Highest levels at approximately ₹1,54,920
- Kolkata, Bengaluru, Hyderabad, Bhubaneswar: Around ₹1,53,800
The trend indicates uniform upward movement across northern, western, and southern markets.
Key Drivers Behind the Rally
Market participants attribute the price surge to multiple factors:
- Increased buying ahead of festivals such as Akshaya Tritiya
- Strong demand linked to the ongoing wedding season
- Global economic uncertainty boosting safe-haven demand
- Weakness in the Indian rupee making imports costlier
These combined factors have supported both physical and investment demand for precious metals.
Context: Seasonal and Global Influence on Bullion
Gold traditionally sees higher demand in India during festive periods and weddings, where it is purchased both as an investment and for cultural reasons. Events like Akshaya Tritiya are considered auspicious for buying gold, often leading to price spikes due to heightened demand.
Globally, gold and silver are also viewed as safe-haven assets during times of economic or geopolitical uncertainty, which further influences domestic pricing.
Public Impact
The rise in bullion prices has mixed implications:
- Buyers may face higher costs for jewellery purchases
- Investors could benefit from short-term price gains
- Jewellers may experience increased sales volumes despite higher prices
- Import costs may rise, impacting trade balances
For households planning purchases during the festive season, the price trend may influence buying decisions.
Conclusion
The sharp increase in gold and silver prices reflects a combination of strong domestic demand and global economic factors. With the festive and wedding season approaching, market activity is expected to remain robust, although prices may continue to fluctuate depending on international trends and currency movements.
In the near term, bullion markets are likely to stay sensitive to both seasonal demand patterns and global financial developments.
Input & Images : Hindusthan Samachar
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Last Updated on: Thursday, April 9, 2026 4:52 pm by Monisha Angara | Published by: Monisha Angara on Thursday, April 9, 2026 4:52 pm | News Categories: News
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