Gold and silver prices have been very volatile recently. Geopolitical tensions involving the US, Israel, and Iran are continuing to affect the markets. Additionally, demand from jewellers ahead of the wedding season has helped support prices.
Gold Price in Delhi
According to the All India Sarafa Association, the price of 24-carat gold in Delhi has risen to Rs 1,51,500 per 10 grams. Silver has also climbed, reaching Rs 2,37,000 per kilogram.
IBJA and Good Returns Data
The Indian Bullion and Jewellers Association (IBJA) reported that at market close on Monday, 24-carat gold was priced at Rs 1,46,733 per 10 grams. Since markets were closed on Mahavir Jayanti, IBJA rates remained in effect on Tuesday. Meanwhile, Good Returns lists 24-carat gold at Rs 1,47,430 per 10 grams.
Gold and Silver on MCX
On the Multi Commodity Exchange (MCX), gold futures saw a rise of 1.79%, or Rs 2,649, on Tuesday night, reaching Rs 1,50,315 per 10 grams. Silver jumped 5.06%, or Rs 11,594, to trade at Rs 2,40,555 per kilogram.
IBJA reported 24K gold at Rs 1,46,733 per 10 grams at Monday’s market close. With Mahavir Jayanti markets closed, these rates continued on Tuesday, showing stability despite volatility.
According to the All India Sarafa Association, 24-carat gold in Delhi rose to Rs 1,51,500 per 10 grams. Silver also climbed to Rs 2,37,000 per kilogram, reflecting strong market demand.
Gold and silver prices surged today amid rising geopolitical tensions involving the US, Israel, and Iran. Jewellery demand ahead of wedding season added further support to 24K and 22K gold rates.