Gold and Silver Prices Analyzed

The cost of gold and silver changed a little on Tuesday. 24-carat gold went up by ₹10, meaning ten grams now cost ₹1,38,230. Silver also increased by ₹100, with one kilogram selling for ₹2,48,100. These changes happen because of many different things, like where people want to buy gold and how worried they are about the world’s economy.

• Gold prices increased across major Indian cities on Tuesday.
• 24-carat gold reached ₹1,38,230 for ten grams in Mumbai and Kolkata.
• Silver rose by ₹100, with a kilogram selling at ₹2,48,100.
• US gold hit a one-week high, driven by Venezuela turmoil.
• Spot gold rose 2.7%, reaching $4,444.52 an ounce.
• Silver jumped 5.2%, fueled by a US critical mineral designation.

Prices varied depending on the city. In Mumbai and Kolkata, 24-carat gold was ₹1,38,230 per ten grams. Chennai saw slightly higher prices, with 24-carat gold at ₹1,39,210 and 22-carat gold at ₹1,26,710.

Delhi also had specific prices: 24-carat gold at ₹1,38,380 and 22-carat gold at ₹1,26,860. Silver prices were consistent across Delhi, Kolkata, and Mumbai at ₹2,48,100 per kilogram, while Chennai saw a higher price of ₹2,66,100.

Globally, the price of gold went up significantly. It reached a high of $4,549.71 per ounce on December 26th. The rise was partly due to worries about events in Venezuela, which makes people want to buy gold as a safe investment.

Silver also increased dramatically, jumping to $76.37 per ounce. This was driven by the fact that the US considers silver a very important mineral and because there isn’t enough silver being made to meet demand.

“Understanding these price shifts helps businesses and investors make informed decisions about gold and silver.”