By Global Demand for Gold and Silver Persists Amid High Market Prices
Gold and silver continue to enjoy widespread demand worldwide, although their prices in the bullion market have been consistently high. Gold surpassed the 66,000 mark, while silver crossed the 75,000 mark. The fluctuation in prices is influenced by international developments, leading to periodic adjustments. Prices can vary, experiencing both increases and decreases. Notably, many individuals choose to invest in gold and silver during auspicious occasions like weddings, intensifying the focus on their prices.
However, there has been a recent slight decline in the rates of both gold and silver. The price of ten grams of gold has reduced by Rs. 10, and silver has seen a decrease of Rs. 100 per kilogram. As of Monday morning (March 11, 2024), the recorded prices are Rs. 60,740 for 10 grams of 22-carat gold and Rs. 66,260 for 24-carat gold. Silver is priced at Rs. 75,600 per kilogram.
City-wise gold prices are as follows:
- Delhi: 22 carat – Rs. 60,890, 24 carat – Rs. 66,410
- Mumbai: 22 carat – Rs. 60,740, 24 carat – Rs. 66,260
- Bangalore: 22 carat – Rs. 60,740, 24 carat – Rs. 66,260
- Chennai: 22 carat – Rs. 61,490, 24 carat – Rs. 67,090
- Kerala: 22 carat – Rs. 60,740, 24 carat – Rs. 66,260
In Telugu states:
- Hyderabad: 22 carat – Rs. 60,740, 24 carat – Rs. 66,260
- Vijayawada and Visakhapatnam: 22 carat – Rs. 60,740, 24 carat – Rs. 66,260
Silver prices per kilogram:
- Chennai: Rs. 79,100
- Delhi: Rs. 75,600
- Mumbai: Rs. 75,600
- Bangalore: Rs. 74,900
- Kerala: Rs. 79,000
- Kolkata: Rs. 75,600
- Hyderabad: Rs. 79,000
- Vijayawada and Visakhapatnam: Rs. 79,000
It’s essential to note that gold and silver prices are recorded on bullion market websites until 6 am, and these prices may fluctuate over time. Therefore, it’s advisable to check for updated prices before making any purchases.
