Gold Price Today: Gold Extends Rally, Silver Slips—Latest 24K, 22K & 18K Rates in 10 Major Cities
Gold prices in India continued their upward trend for the second consecutive day on March 31, the final day of the financial year 2025–26. In contrast, silver prices witnessed a slight decline after remaining stable for two days. The divergence in movement highlights the mixed sentiment currently prevailing in the bullion market, influenced by both domestic demand and global economic signals.
Gold Gains Momentum, Silver Loses Shine
After a brief pause, gold prices have resumed their upward trajectory. In the national capital Delhi, 24-carat gold increased by ₹10 per 10 grams, while 22-carat gold also rose by ₹10 per 10 grams. Over the past two days, 24K gold has surged by ₹180, and 22K gold has climbed by ₹160 per 10 grams, indicating steady buying interest at lower levels.
On the other hand, silver prices have softened. After holding steady for two sessions, silver declined by ₹100 per kilogram in Delhi, currently trading at ₹2,44,900 per kg. Similar price levels are seen in Mumbai and Kolkata, while Chennai continues to record higher rates.
City-Wise Gold Prices Across India
Here’s a detailed look at gold prices (per 10 grams) across 10 major Indian cities for 24K, 22K, and 18K purity:
| City | 24K Gold (₹) | 22K Gold (₹) | 18K Gold (₹) |
|---|---|---|---|
| Delhi | 1,48,420 | 1,36,060 | 1,11,350 |
| Mumbai | 1,48,270 | 1,35,910 | 1,11,200 |
| Kolkata | 1,48,270 | 1,35,910 | 1,11,200 |
| Chennai | 1,50,230 | 1,36,040 | 1,37,710 |
| Bengaluru | 1,48,270 | 1,35,910 | 1,11,200 |
| Hyderabad | 1,48,270 | 1,35,910 | 1,11,200 |
| Lucknow | 1,48,420 | 1,36,060 | 1,11,350 |
| Patna | 1,48,320 | 1,35,960 | 1,11,250 |
| Jaipur | 1,48,420 | 1,36,060 | 1,11,350 |
| Ahmedabad | 1,48,320 | 1,35,960 | 1,11,250 |
Notably, Chennai remains the costliest among major cities for gold, reflecting regional demand patterns and local taxes.
Silver Prices in Major Metro Cities
Silver prices showed mild weakness after remaining unchanged for two consecutive days. The latest rates in key metro cities are:
- Delhi: ₹2,44,900 per kg
- Mumbai: ₹2,44,900 per kg
- Kolkata: ₹2,44,900 per kg
- Chennai: ₹2,55,100 per kg
Among these, Chennai continues to have the highest silver prices, maintaining a noticeable premium over other cities.
What’s Driving the Market Trends?
The bullion market is currently reacting to a combination of global and domestic factors:
- Inflation concerns and fiscal pressures are supporting gold demand as a safe-haven asset
- Volatility in global financial markets has triggered intermittent selling and buying cycles
- Currency fluctuations, especially movements in the US dollar, are impacting gold and silver prices
- Geopolitical uncertainties continue to influence investor sentiment
In recent weeks, gold prices had corrected from record highs due to profit booking and pressure across multiple asset classes, including equities and bonds. However, renewed buying at lower levels has helped stabilize prices and push them upward again.
Expert View: Is This a Buying Opportunity?
Market experts believe that the recent correction in gold prices may present a strategic buying opportunity for long-term investors. According to analysts, structural factors such as rising inflation risks, increasing fiscal deficits, and concerns over bond market stability are likely to support gold prices in the long run.
At the same time, silver may remain more volatile compared to gold, as it is influenced not only by investment demand but also by industrial usage.
Final Takeaway
Gold and silver are currently moving in opposite directions, reflecting shifting market dynamics. While gold is gaining strength due to safe-haven demand and renewed investor interest, silver is facing mild pressure after recent stability.
Investors are advised to monitor global trends, currency movements, and central bank policies closely before making any investment decisions. With ongoing volatility in the market, both gold and silver are expected to remain in focus in the coming weeks.
