There has been a tremendous increase in the prices of gold and silver in the country’s capital Delhi. The main reasons for the rise in gold and silver prices are the fall in the dollar index and signs of reducing tension in the Middle East. On the other hand, there has been a decline in the prices of gold and silver in the international market also. In fact, Trump has indicated that the conflict with Iran could end in the next two to three weeks. Also, some such indications have been received from Iran also. Due to which, in the country’s capital Delhi, the price of gold has increased by more than 2 percent and the price of silver has increased by 4 percent. Let us also tell you what the prices of gold and silver have become in the country’s capital Delhi.
Gold and silver rise in Delhi
On Wednesday, amid strong global trends, silver prices rose by Rs 9,000 to Rs 2.46 lakh per kg, while gold prices rose by Rs 3,500 to Rs 1.55 lakh per 10 grams. According to All India Bullion Association, silver prices rose by Rs 9,000, or 3.8 percent.
At the time of market closing on Monday, the price of silver was Rs 2,37,000 per kg, which increased to Rs 2,46,000 per kg (including all taxes). Gold of 99.9 per cent purity also rose by Rs 3,500, or 2.3 per cent, to Rs 1,55,000 per 10 grams (including all taxes). In the last trading session, the price of gold closed at Rs 1,51,500 per 10 grams. Bullion markets remained closed on Tuesday on the occasion of Shri Mahavir Jayanti.
In the last financial year 2025-26, gold prices increased by a whopping Rs 57,350, or about 61 percent. On April 1, 2025, the price of gold was recorded at Rs 94,150 per 10 grams. Silver prices also rose by Rs 1,34,500, giving investors a return of more than 131 percent in the domestic markets.
Why did gold and silver rise?
Saumil Gandhi, senior analyst of commodities at HDFC Securities, said that gold prices continued to rise on Wednesday. The rise was driven by signs of easing tensions in West Asia, which are expected to reduce the risk of further escalation and damage to energy infrastructure. He further said that this development strengthens expectations of moderate oil prices, reduces long-standing inflation concerns, and reduces the likelihood of further interest rate hikes by central banks.
Performance of gold and silver in foreign markets
In the international market, spot gold prices rose by $76.51, or about 2 per cent, to $4,743.89 an ounce, while silver traded marginally lower at $75.04 an ounce. “Gold prices continued their gains on Wednesday. The yellow metal neared a two-week high of $4,750 an ounce, while silver edged towards $76. This came as traders assessed longer-term economic risks and awaited President Donald Trump’s prime-time address on the Iran conflict on Thursday,” said Kainat Chainwala, AVP-Commodity Research, Kotak Securities. Were.”
What could be the trend going forward?
He further said that this surge in precious metals came after signals from Iran which indicated a possible end to the conflict. Besides, there were also reports that America may also reduce its military operations. Despite these gains, Chainwala said prices of both metals remained low at the end of March. In foreign trade, gold fell by 11 percent and silver by 20 percent. Looking ahead, he said bullion prices are expected to remain sensitive to Trump’s address and key US macroeconomic data (such as employment, retail sales and manufacturing PMI) to be released this week. These data can shape expectations related to growth, inflation and the Federal Reserve’s monetary policy.