In early trading on Saturday, the price of gold experienced a modest increase, with 24-carat gold rising by Rs 10 to reach Rs 71,630 per 10 grams, according to data from the GoodReturns website. The price of silver also saw a small uptick, climbing Rs 100 to sell at Rs 84,100 per kilogram.
Regional Price Variations in Gold
The price of 22-carat gold also inched up by Rs 10, bringing the cost to Rs 65,660 per 10 grams. Across major cities, gold prices displayed consistency, with 24-carat gold in Mumbai, Kolkata, and Hyderabad priced uniformly at Rs 71,630 per 10 grams. Meanwhile, in Delhi, Bengaluru, and Chennai, the price was slightly higher, with 24-carat gold selling for Rs 71,780 in Delhi and Rs 71,630 in both Bengaluru and Chennai.
For 22-carat gold, Mumbai, Kolkata, and Hyderabad again shared the same price point of Rs 65,660 per 10 grams. In Delhi, the price was marginally higher at Rs 65,810, while Bengaluru and Chennai mirrored the price in Mumbai.
Silver Prices Maintain Regional Consistency
The price of silver remained consistent across several major cities. In Delhi, Mumbai, and Kolkata, silver was priced at Rs 84,100 per kilogram. However, Chennai reported a higher price for silver, with the metal selling at Rs 89,100 per kilogram.
Market Overview
These slight increases in gold and silver prices reflect ongoing trends in the precious metals market, influenced by factors such as global economic conditions and investor sentiment. As the weekend progresses, market watchers will be keen to see if these modest gains hold or if further fluctuations emerge.
