Gold Prices Rise for Second Straight Day; Silver Slips Again—Check Rates in 10 Major Cities

Gold Rate Today in India: The bullion market continued to show contrasting trends on Tuesday as gold prices strengthened for the second consecutive day, while silver once again lost momentum. With mixed signals emerging from global markets—especially ahead of the US Federal Reserve’s upcoming interest rate decision—both precious metals are witnessing frequent fluctuations.

Gold prices moved slightly higher across major Indian cities, whereas silver continued its downward slide after a brief pause. Analysts say that uncertainty around US rate cuts, global economic pressures, and geopolitical risks are all influencing the direction of gold and silver simultaneously.

Gold Continues Its Uptrend for the Second Day

In the national capital Delhi, 24-carat gold gained ₹10 per 10 grams today, while 22-carat gold also increased by ₹10. Over the last two days, 24-carat gold has risen ₹330 per 10 grams, and 22-carat gold has climbed ₹310.

This upward movement indicates steady buying in the bullion market ahead of policy clarity from the US Federal Reserve. Traders expect heightened volatility in the coming days as investors closely watch global economic cues.

Silver Declines Again After Brief Stability

Silver, on the other hand, continued its downward journey. In Delhi, silver has become ₹2,100 cheaper per kilogram in just two days, following one day of price stability. Prior to this fall, silver had seen a sharp rise of ₹20,600 per kg over five consecutive days, highlighting the high volatility in the silver market.

Today, silver is priced at ₹1,66,900 per kg in Delhi, down ₹100 from the previous session. Similar prices are being recorded in Mumbai and Kolkata. However, Chennai remains the costliest among the four major metros, where silver is selling at ₹1,72,900 per kg.

Gold Prices in 10 Major Indian Cities (22K & 24K per 10 gm)

*Likely a source error; 24K gold generally cannot match 22K in price.
**Price appears to have a typo in the original data; rewritten as provided.

What’s Driving Prices Now?

Market experts say the next major trigger will be the US Federal Reserve’s policy statement. Until then, gold and silver may continue to show day-to-day volatility.

Expert Outlook

Rahul Kalantri, Vice President (Commodities), Mehta Equities, notes that gold is on track for one of its strongest annual performances in decades. He attributes this to:

• Ongoing geopolitical tensions

• Central banks increasing gold reserves

• Economic uncertainties pushing investors toward safe-haven assets

However, he cautioned that short-term fluctuations are likely until the US policy announcement.

Kunal Shah, Vice President at Nirmal Bang Securities, said gold is behaving like a “high-risk asset class” at the moment. Whenever gold attempts to form a new price level—either upward or downward—periods of consolidation are natural. Shah advises investors not to take aggressive positions in gold for now.

What to Expect Ahead?

Market analysts believe:

• Gold may stay firm due to global uncertainty.

• Silver may witness volatility due to industrial demand fluctuations.

• Investors should wait for clearer signals from the US Federal Reserve’s upcoming decision.

Until then, traders and buyers can expect frequent ups and downs but no major directional trend.