New Delhi, 28 December (H.S.):

The domestic bullion market witnessed a remarkable upswing on Sunday, with both gold and silver prices soaring sharply across major cities. Gold prices climbed by ₹1,090 to ₹1,190 per 10 grams, while silver recorded a massive jump of over ₹11,000 per kilogram within a single day’s trade.

As per market data, 24-carat gold traded between ₹1,41,220 and ₹1,41,370 per 10 grams, whereas 22-carat gold was quoted in the range of ₹1,29,450 to ₹1,29,600 per 10 grams in most leading bullion markets.

Owing to the strong rally, silver breached the ₹2.5 lakh mark, selling at around ₹2,51,000 per kilogram in the Delhi bullion market, its highest level this quarter.

Steep Weekly Gains for Gold and Silver

On a weekly basis (Monday–Saturday), gold posted consistent price growth amid fluctuations, registering a gain of up to ₹7,040 per 10 grams for 24-carat gold. Similarly, 22-carat gold appreciated by as much as ₹6,450 per 10 grams during the week. Silver too witnessed a significant weekly leap, rising by nearly ₹37,000 per kilogram compared to the previous week’s closing figures.

In Delhi, 24-carat gold traded at ₹1,41,370 per 10 grams, while the 22-carat variety stood at ₹1,29,600 per 10 grams. In Mumbai, gold was priced slightly lower, with 24-carat gold at ₹1,41,220 per 10 grams and 22-carat gold at ₹1,29,450 per 10 grams.

City-wise Bullion Prices

In Ahmedabad, 24-carat gold retailed at ₹1,41,270 per 10 grams, and 22-carat gold at ₹1,29,500 per 10 grams. The southern city of Chennai also mirrored similar rates, with 24-carat gold priced at ₹1,41,220 per 10 grams and 22-carat gold at ₹1,29,450 per 10 grams.

In Kolkata, prices remained steady, with 24-carat gold at ₹1,41,220 and 22-carat gold at ₹1,29,450 per 10 grams. Meanwhile, Bhopal registered 24-carat gold at ₹1,41,270 and 22-carat gold at ₹1,29,500 per 10 grams.In Lucknow, the 24-carat variety stood at ₹1,41,370 per 10 grams, while 22-carat gold fetched ₹1,29,600 per 10 grams. In Patna, rates were recorded at ₹1,41,270 (24-carat) and ₹1,29,500 (22-carat).

In the pink city of Jaipur, too, prices stood identical to Lucknow, with 24-carat gold at ₹1,41,370 and 22-carat gold at ₹1,29,600 per 10 grams.

Strong Momentum Across Southern and Eastern Markets

Apart from northern markets, states like Karnataka, Telangana, and Odisha also reported upward momentum in gold prices. In their respective capital cities—Bengaluru, Hyderabad, and Bhubaneswar—24-carat gold traded at ₹1,41,220 per 10 grams, while 22-carat gold hovered around ₹1,29,450 per 10 grams.

Bullion traders attributed this remarkable rally to international price movements, strong festive season demand, and a weaker rupee against the U.S. dollar. The global uptick in gold and silver prices has clearly spilled over into the Indian market, leading to new record highs in several cities simultaneously.

As December draws to a close, both gold and silver continue to dominate investor interest, with analysts predicting sustained momentum into early 2026 amid geopolitical uncertainties and continued preference for precious metals as safe-haven assets.

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Hindusthan Samachar / Jun Sarkar