Gold Price Update / Wedding Season Pushes Gold Prices Higher Across Major Cities, Check Latest Rates
·4 months ago·2 min read
Key Points
24-carat gold was priced at Rs 1,25,290 per 10 grams in Delhi, Rs 1,25,120 in Mumbai, and Rs 1,25,200 in Bengaluru.
New Delhi, Nov 25: Gold prices across India rose on Tuesday, reflecting strong seasonal demand during the wedding season and heightened investor interest amid global economic uncertainty.
According to market data, 24-carat gold was priced at Rs 1,25,290 per 10 grams in Delhi, Rs 1,25,120 in Mumbai, and Rs 1,25,200 in Bengaluru, marking a slight increase compared to last week. 22-carat gold rates also climbed, with prices hovering around Rs 11,469 per gram nationally.
Silver followed suit, trading at approximately ₹1,62,900 per kilogram, underscoring the festive demand for precious metals.
Analysts attribute the rise to a combination of domestic wedding season demand and global market expectations of a U.S. Federal Reserve rate cut next month, which has weakened the dollar and boosted bullion prices worldwide.
On the Multi Commodity Exchange (MCX), gold futures for December delivery surged 0.85% to Rs 1,24,907 per 10 grams, while silver futures gained 1.33% to Rs 1,56,543 per kilogram.
Also read: Woman Stopped At Shanghai Airport Over Mention Of Arunachal In Passport, India Responds Firmly
Despite minor fluctuations in international markets, Indian households and jewellers continue to view gold as a safe-haven investment. The wedding season, traditionally a peak period for gold purchases, has further strengthened demand, keeping prices elevated across metro cities.
Market experts suggest that prices may remain range-bound but firm in the coming weeks, with festive buying and global monetary policy decisions likely to shape the trajectory.
According to market data, 24-carat gold was priced at Rs 1,25,290 per 10 grams in Delhi, Rs 1,25,120 in Mumbai, and Rs 1,25,200 in Bengaluru, marking a slight increase compared to last week. 22-carat gold rates also climbed, with prices hovering around Rs 11,469 per gram nationally.
Silver followed suit, trading at approximately ₹1,62,900 per kilogram, underscoring the festive demand for precious metals.
Analysts attribute the rise to a combination of domestic wedding season demand and global market expectations of a U.S. Federal Reserve rate cut next month, which has weakened the dollar and boosted bullion prices worldwide.
On the Multi Commodity Exchange (MCX), gold futures for December delivery surged 0.85% to Rs 1,24,907 per 10 grams, while silver futures gained 1.33% to Rs 1,56,543 per kilogram.
Also read: Woman Stopped At Shanghai Airport Over Mention Of Arunachal In Passport, India Responds Firmly
Despite minor fluctuations in international markets, Indian households and jewellers continue to view gold as a safe-haven investment. The wedding season, traditionally a peak period for gold purchases, has further strengthened demand, keeping prices elevated across metro cities.
Market experts suggest that prices may remain range-bound but firm in the coming weeks, with festive buying and global monetary policy decisions likely to shape the trajectory.
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