Gold and silver prices in India registered marginal gains today, reflecting steady demand across major cities as well as local markets such as Kozhikode. The slight upward movement was consistent across purity grades and weight categories, signalling stable retail sentiment ahead of the next festive cycle. Platinum prices also recorded a notable rise, adding to the upward trend seen across precious metals.

Gold Prices Record Small Increases Across Purities

The price of 24-carat gold in India stood at ₹13,032 per gram, marking a modest increase of ₹1 from yesterday’s rate of ₹13,031. This slight movement was mirrored across bulk purchases, with 8 grams priced at ₹1,04,256, 10 grams at ₹1,30,320, and 100 grams at ₹13,03,200, each showing incremental gains compared with the previous day.

Similarly, 22-carat gold, the most widely purchased category for jewellery, was priced at ₹11,946 per gram, again reflecting a minimal uptick of ₹1. The rates for 8 grams (₹95,568), 10 grams (₹1,19,460), and 100 grams (₹11,94,600) all rose slightly, maintaining parallel movement with the 24-carat segment.

The price of 18-carat gold also moved up by ₹1, reaching ₹9,774 per gram. The 8-gram and 10-gram prices stood at ₹78,192 and ₹97,740 respectively, while 100 grams rose to ₹9,77,400, each displaying proportionate gains.

Gold Rates Across Major Indian Cities

Prices varied modestly between cities, although the overall pattern remained stable nationwide. Among major centres:

  • Mumbai, Bangalore, Hyderabad, and Kolkata all shared the same uniform figures as the national rate: ₹13,032 per gram for 24-carat and ₹11,946 for 22-carat.
  • Delhi saw slightly higher pricing, with 24-carat gold at ₹13,047 and 22-carat at ₹11,961.
  • Chennai recorded the highest rates, with 24-carat gold at ₹13,125 per gram and 22-carat at ₹12,031.
  • Vadodara and Ahmedabad also reflected modest differences, with 24-carat gold at ₹13,037 and 22-carat at ₹11,951 per gram.

In Kozhikode, gold prices mirrored the national average precisely:

₹13,032 per gram (24K), ₹11,946 per gram (22K), and ₹9,774 per gram (18K).

The consistency in Kozhikode’s rates suggests steady local demand aligned with national retail trends.

Silver Prices Climb Marginally Nationwide

Silver prices in India also demonstrated a modest rise. The metal was priced at ₹199.10 per gram, increasing by ₹0.10 from yesterday's figure of ₹199. For bulk buyers, the rates stood at ₹1,991 for 10 grams, ₹19,910 for 100 grams, and ₹1,99,100 for a kilogram, each reflecting slight day-on-day gains.

Across major cities, silver pricing varied more sharply than gold. Chennai and Kerala displayed the highest rates, with ₹2,071 for 10 grams, ₹20,710 for 100 grams, and ₹2,07,100 per kilogram. These figures closely aligned with Kozhikode, where silver was priced at ₹207.10 per gram and ₹2,07,100 per kg, marking a noticeable premium over the national average.

Cities such as Mumbai, Delhi, Kolkata, Pune, Bangalore, and Ahmedabad reported the lower national average rate of ₹1,991 for 10 grams and ₹1,99,100 per kilogram, indicating relatively stable retail demand in these regions.

Silver Prices in Kozhikode Remain Higher

Kozhikode continued to show a distinct price pattern, with silver priced at ₹207.10 per gram, up by ₹0.10, and ₹2,07,100 per kilogram, marking a ₹100 increase. The premium compared with the national average is consistent with the district’s historical pricing structure, often influenced by local demand dynamics and supply costs.

Platinum Registers a Significant Jump

Among precious metals, platinum observed the most notable rise. The price climbed to ₹4,829 per gram, increasing by a substantial ₹64 from the previous day. The 10-gram price rose correspondingly to ₹48,290, adding ₹640 in a single session.

The sharper movement in platinum prices often reflects shifts in global industrial demand, particularly from the automotive and manufacturing sectors, where the metal is heavily utilised. The rise may also indicate tightening supply or increased investor interest as gold prices stabilise.

Market Outlook

The slight upward movement across gold and silver suggests steady domestic interest, supported by wedding-season purchases and investment buying. The uniformity of price increases across all purities indicates balanced retail activity rather than speculative fluctuations.

Platinum’s steeper rise, on the other hand, may reflect broader international market pressures. Precious metals dealers expect gold and silver to remain stable in the near term, while platinum could experience further volatility depending on global economic signals.(With inputs from Agencies)