Silver Holds Steady While Gold Varies Across India
Silver prices remain uniform at ₹24,106 per 100 grams across all major Indian cities. Gold prices show slight regional differences, with Chennai recording the highest rate for 24-karat gold.
Silver prices in India remain unchanged at ₹24,106 per 100 grams across all six major cities. This equates to ₹2,41,060 per kilogram in Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad, and Chennai. The uniformity reflects a stable domestic trading environment for the white metal.
Gold prices vary slightly by location. In Delhi, 24-karat gold is priced at ₹1,54,410 per 10 grams. Mumbai follows closely at ₹1,54,670 per 10 grams. These figures represent the standard retail rates for the purest form of the precious metal.
Regional gold price variations
Chennai records the highest 24-karat gold rate at ₹1,55,120 per 10 grams. Hyderabad stands second with a rate of ₹1,54,920 per 10 grams. Bengaluru is priced at ₹1,54,790, while Kolkata sits at ₹1,54,470. The spread between the highest and lowest city rates is ₹710 per 10 grams.
22-karat gold prices follow a similar pattern. Chennai leads at ₹1,42,193 per 10 grams. Hyderabad follows at ₹1,42,010. Delhi offers the lowest rate among the major cities at ₹1,41,543 per 10 grams. These differences are driven by local demand and logistical costs.
Retail jeweller pricing consistency
Major jewellers maintain consistent pricing across states. Joyalukkas quotes ₹14,285 per gram for 22-karat gold in all listed regions. Malabar Gold & Diamonds matches this rate exactly. Tanishq prices its 22-karat gold slightly higher at ₹14,330 per gram. This uniformity simplifies comparison for consumers across different states.
24-karat gold rates at these retailers show a narrow premium. Malabar Gold & Diamonds charges ₹15,584 per gram. Tanishq quotes ₹15,633 per gram for the same purity. The difference between the two brands is ₹49 per gram. This margin reflects brand-specific pricing policies and procurement strategies.
Market drivers and demand factors
Gold prices are influenced by international bullion trends and the US Dollar exchange rate. Domestic demand for jewellery also plays a critical role. The upcoming festive season typically boosts consumption, affecting local pricing dynamics. Retailers adjust their rates to reflect these shifting market conditions.
According to GN auto markets/commodities: silver prices, the current stability suggests a balanced market. The lack of significant volatility in silver rates indicates steady supply and demand. Gold remains the primary driver of precious metal investment in India. Investors continue to monitor these rates closely for entry points.
