Gold and silver prices surged to fresh record levels in the domestic market on Tuesday, tracking strong global cues and sustained demand for safe-haven assets amid ongoing geopolitical and economic uncertainty.
Both precious metals have posted sharp gains in recent sessions, with silver significantly outperforming gold so far this year. Prices across futures markets and major Indian cities are now at historic highs, prompting investors and jewellery buyers to closely track daily rate movements.
Gold and silver at all-time highs
According to the latest bullion rates, gold is trading at around Rs 1,59,070 per 10 grams, up Rs 2,330 or 1.49%. Silver is priced at approximately Rs 3,55,740 per kg, higher by Rs 20,230 or 6.03%.
Silver has already gained more than 50% so far this year, reflecting far stronger momentum compared to gold.
Global cues supporting the rally
Gold prices remained firm in international markets as well. Spot gold rose about 1.1% to nearly $5,068 per ounce, after touching a record high of $5,110.50 in the previous session. US gold futures for February delivery were up around 0.4% at $5,063 per ounce.
Market participants continue to shift toward safe assets amid global uncertainty. Silver prices have also stayed close to all-time highs overseas, providing strong support to the sharp rally seen in Indian futures.
Gold prices in major Indian cities (per gram)
In Chennai, 24K gold is priced at Rs 16,392, while 22K gold costs Rs 15,026 and 18K gold is at Rs 12,501.
In Mumbai, 24K gold stands at Rs 16,196, 22K gold at Rs 14,846, and 18K gold at Rs 12,147.
In Delhi, 24K gold is available at Rs 16,211, with 22K gold priced at Rs 14,861 and 18K gold at Rs 12,162.
In Kolkata, prices mirror Mumbai, with 24K gold at Rs 16,196, 22K gold at Rs 14,846, and 18K gold at Rs 12,147.
In Bengaluru, Hyderabad, Kerala and Pune, 24K gold is priced at Rs 16,196, 22K gold at Rs 14,846, and 18K gold at Rs 12,147.
In Vadodara and Ahmedabad, prices are marginally higher, with 24K gold at Rs 16,201, 22K gold at Rs 14,851, and 18K gold at Rs 12,152.
Silver prices in major Indian cities
In Chennai, silver is priced at Rs 3,751 per 10 grams, Rs 37,510 per 100 grams, and Rs 3,75,100 per kg.
In Mumbai, Delhi, Kolkata, Bengaluru, Pune, Vadodara and Ahmedabad, silver stands at Rs 3,601 per 10 grams, Rs 36,010 per 100 grams, and Rs 3,60,100 per kg.
In Hyderabad and Kerala, silver prices are higher at Rs 3,751 per 10 grams, Rs 37,510 per 100 grams, and Rs 3,75,100 per kg.
With silver witnessing a sharp rally and gold continuing its steady climb, both metals are now trading at record levels. While gold remains a preferred store of value, silver’s faster price movement has drawn increased attention this year. Prices are expected to remain sensitive to global developments and market sentiment in the near term.
