New Delhi/Patna: Gold and silver prices in India rose for the second consecutive day on Thursday, supported by global developments that have boosted investor demand for precious metals.
According to the India Bullion and Jewellers Association (IBJA), silver prices surged sharply, while gold also recorded steady gains over the past two sessions.
Price Movement In Gold And Silver
| Metal | Latest Price | Previous Price | Change (1 Day) | 2-Day Increase |
|---|---|---|---|---|
| Silver (1 kg) | Rs 2.53 lakh | Rs 2.49 lakh | +Rs 3,656 | +Rs 15,694 |
| Gold (24K, 10 gm) | Rs 1,53,305 | Rs 1,52,865 | +Rs 440 | +Rs 3,294 |
Silver prices rose by Rs 3,656 per kilogram to reach Rs 2.53 lakh, up from Rs 2.49 lakh earlier this week. Over the past two days, the metal has gained Rs 15,694.
Gold prices also edged higher, with 24-carat gold rising by Rs 440 to Rs 1,53,305 per 10 grams, compared with Rs 1,52,865 on April 15. Over two days, gold has become costlier by Rs 3,294.
Gold Prices In Major Cities Across The Country
| City | 10 Grams (24-Carat) |
|---|---|
| Delhi | Rs 1,55,720 |
| Mumbai | Rs 1,55,570 |
| Kolkata | Rs 1,55,570 |
| Chennai | Rs 1,56,660 |
| Jaipur | Rs 1,55,720 |
| Bhopal | Rs 1,55,620 |
| Patna | Rs 1,55,620 |
| Lucknow | Rs 1,55,720 |
| Raipur | Rs 1,55,570 |
| Ahmedabad | Rs 1,55,620 |
Global Factors Driving The Rally
The upward movement in bullion prices is largely attributed to improving global sentiment, particularly optimism around potential resumption of talks between the United States and Iran.
Expectations of easing geopolitical tensions have led to a decline in crude oil prices, which in turn has reduced inflationary pressures. A softer inflation outlook, combined with a weakening US dollar, has made gold and silver more attractive to investors.
Analysts say such conditions typically support bullion markets, as lower interest rate expectations and currency weakness increase the appeal of non-yielding assets like gold and silver.
The renewed investor interest suggests that global macroeconomic signals, rather than domestic demand alone, are currently shaping price trends in India’s bullion market.
