Gold Prices Jump ₹1,910 in a Week, Silver Surges ₹10,000—Check Latest Rates Across Cities

Gold and Silver Rally Continues: What’s Driving the Surge?

Gold and silver prices in India have continued their upward momentum this week, reflecting both domestic demand and strong global cues. Over the past seven days, gold has seen a notable rise, while silver has recorded an even sharper jump, catching the attention of investors and buyers alike.

On April 12, gold prices remained elevated across major cities, while silver prices surged significantly, highlighting increased volatility in the precious metals market.

Gold Prices Rise Sharply on Weekly Basis

Gold has posted solid gains over the past week:

• 24-carat gold increased by around ₹1,910 per 10 grams
• 22-carat gold rose by approximately ₹1,750 per 10 grams

In the national capital Delhi, the price of 24-carat gold is currently around ₹1,52,990 per 10 grams, while 22-carat gold is priced at ₹1,40,250 per 10 grams.

Earlier in the week, gold prices in Delhi’s bullion market had also climbed by ₹400 in a single day, touching ₹1,55,300 per 10 grams, indicating strong bullish sentiment.

Gold Rates in Major Cities

Here’s a snapshot of gold prices across key Indian cities:

• Mumbai:
  • 24K: ₹1,52,840 per 10g
  • 22K: ₹1,40,100 per 10g
• Chennai:
  • 24K: ₹1,54,100 per 10g
  • 22K: ₹1,41,260 per 10g
• Kolkata:
  • 24K: ₹1,52,840 per 10g
  • 22K: ₹1,40,100 per 10g
• Bengaluru and Pune:
  • 24K: ₹1,52,840 per 10g
  • 22K: ₹1,40,100 per 10g

Prices in other cities like Jaipur, Lucknow, and Chandigarh remain largely aligned with Delhi rates.

Global Market Influence

International trends are also playing a crucial role in shaping domestic prices. The spot gold price in global markets is currently around $4,777 per ounce, reflecting sustained demand for safe-haven assets amid economic uncertainties.

Since India relies heavily on gold imports, any fluctuation in global prices directly impacts local rates.

Silver Prices See Massive Weekly Spike

Silver has outperformed gold this week in terms of price movement:

• Prices surged by ₹10,000 per kilogram in just one week
• On April 12, silver is trading at around ₹2,60,000 per kg

Earlier, in Delhi’s bullion market, silver prices had already jumped by ₹3,800 in a single session, reaching ₹2,47,000 per kg.

Globally, spot silver is priced at approximately $75.91 per ounce, supporting the upward trend in domestic markets.

Why Are Prices Rising?

The recent surge in gold and silver prices can be attributed to multiple factors:

• Global economic uncertainty boosting demand for safe-haven assets
• Currency fluctuations, especially the rupee-dollar exchange rate
• Rising inflation concerns worldwide
• Strong festive and investment demand in India

Both domestic and international factors are working together to push prices higher.

Final Takeaway

The sharp rise in gold and silver prices this week highlights the continued strength of precious metals as investment assets. While rising prices may concern buyers planning purchases, they also signal strong returns for existing investors.

Before making any buying decision, it’s advisable to track both global trends and local market movements, as prices can remain volatile in the short term.