New Delhi, February 7 – The domestic bullion market continues to witness an upward trend in gold prices for the third consecutive day, while silver prices have seen a minor decline today. Due to this consistent rise, 24-carat gold is now trading between ₹86,520 and ₹86,670 per 10 grams in major bullion markets across the country. Similarly, 22-carat gold is being sold at prices ranging from ₹79,310 to ₹79,460 per 10 grams. In contrast, silver prices have dropped by ₹200 per kilogram, bringing its rate to ₹99,400 per kilogram in the Delhi bullion market.
📈 Gold Prices Across Major Indian Cities
The rise in gold prices has been observed across various cities in India. Here’s the latest update on 24-carat and 22-carat gold prices:
| City | 24-Carat Gold (₹/10g) | 22-Carat Gold (₹/10g) |
|---|---|---|
| Delhi | ₹86,670 | ₹79,460 |
| Mumbai | ₹86,520 | ₹79,310 |
| Ahmedabad | ₹86,570 | ₹79,360 |
| Chennai | ₹86,520 | ₹79,310 |
| Kolkata | ₹86,520 | ₹79,310 |
| Lucknow | ₹86,670 | ₹79,460 |
| Patna | ₹86,570 | ₹79,360 |
| Jaipur | ₹86,670 | ₹79,460 |
| Bengaluru | ₹86,520 | ₹79,310 |
| Hyderabad | ₹86,520 | ₹79,310 |
| Bhubaneswar | ₹86,520 | ₹79,310 |
These prices indicate a steady surge in gold rates across various Indian states, including Karnataka, Telangana, and Odisha.
📉 Silver Prices Drop Slightly
Unlike gold, silver prices have seen a slight dip today, falling by ₹200 per kilogram. As a result, silver is currently trading at ₹99,400 per kilogram in Delhi’s bullion market.
🔍 What’s Driving the Surge in Gold Prices?
The consistent rise in gold prices can be attributed to several key factors:
✔️ Global Market Trends: Fluctuations in the international gold market are impacting domestic prices.
✔️ Investor Demand: Increased demand for gold as a safe-haven investment is driving up prices.
✔️ Economic Uncertainty: Inflation concerns and global economic uncertainties are pushing gold prices higher.
✔️ US Dollar Fluctuations: Changes in the value of the US dollar against other currencies are also influencing gold rates.
📢 Final Thoughts: What’s Next for Gold and Silver?
With gold prices on an upward trajectory and silver experiencing minor corrections, experts suggest that bullion markets will continue to remain volatile. Investors should keep an eye on global economic trends and market movements before making any major gold or silver investments.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
