Gold continues to serve as a reliable shield against inflation, making it an increasingly popular choice for investors looking to protect and diversify their portfolios.

The latest market rates for gold in India are outlined below, based on data sourced from reputable jewellers nationwide for informational purposes:

Purity LevelGold KaratPrice (per gram)
99.9% Purity24 Karat₹15,136
91.6% Purity22 Karat₹13,874
75.0% Purity18 Karat₹11,352

These figures reflect the current market values and highlight the premium placed on higher purity levels as investors navigate changing economic landscapes.

What about silver prices?

Silver continues to fluctuate based on a mix of global market dynamics and currency valuations. The latest market rates for silver in India are outlined below:

WeightPrice
Per Gram₹264.90
Per Kilogram₹2,64,900

Key Factors Influencing Silver Prices

  • International Market Trends: Domestic silver prices are heavily tied to global commodity benchmarks, which can shift rapidly due to international demand and geopolitical factors.

  • Currency Exchange Rates: The value of the Indian Rupee (INR) against the US Dollar (USD) plays a crucial role. For instance, if the Rupee weakens against the Dollar while global prices hold steady, importing silver becomes costlier, pushing domestic retail prices upward.

City-wise rates of Gold and Silver

CityGold 24K (₹/g)Gold 22K (₹/g)Gold 18K (₹/g)Silver (₹/kg)
Chennai15,33714,05911,7892,75,000
Mumbai15,11013,85011,3322,65,000
Delhi15,12513,86511,3472,65,000
Kolkata15,11013,85011,3322,65,000
Bangalore15,11013,85011,3322,65,000
Hyderabad15,11013,85011,3322,75,000
Kerala15,11013,85011,3322,75,000
Pune15,11013,85011,3322,65,000
Vadodara15,11013,85011,3322,65,000
Ahmedabad15,11013,85011,3322,65,000

 

How about Platinum?

Platinum has carved out a unique space in India's precious metals market [1.1.1, 1.1.2]. Known for its sleek, modern look and structural strength, it has a distinct retail and consumer profile [1.1.2, 1.1.5]:

Current Retail Market Rates

Domestic platinum prices sit at the following benchmarks [1.2.1]:

  • Per Gram: ₹5,248 [1.2.1]

  • Per 10 Grams: ₹52,480 [1.2.1]