New Delhi, August 10 (H.S.): The domestic bullion market continued to witness robust momentum in gold prices this week, with the yellow metal registering a sharp weekly gain. Over the past seven days of trade, 24-carat gold has surged by up to ₹1,690 per 10 grams, while 22-carat gold has advanced by around ₹1,550 per 10 grams.
On Saturday, prices for 24-carat gold rose further by ₹440 to ₹480 per 10 grams, trading between ₹1,03,040 and ₹1,03,190 across most major bullion hubs in the country. In comparison, 22-carat gold was quoted in the range of ₹94,450 to ₹94,600 per 10 grams.
Contrary to gold’s sustained climb, silver witnessed a mild correction today, slipping by ₹100 per kilogram to around ₹1,17,000 in the Delhi market. However, on a weekly basis, silver prices still recorded a gain of approximately ₹4,000 per kilogram, following significant fluctuations earlier in the week.
City-wise Prices:
- Delhi: 24K – ₹1,03,190; 22K – ₹94,600 per 10g
- Mumbai / Kolkata / Chennai / Bengaluru / Hyderabad / Bhubaneswar: 24K – ₹1,03,040; 22K – ₹94,450 per 10g
- Ahmedabad / Patna: 24K – ₹1,03,090; 22K – ₹94,500 per 10g
- Jaipur / Lucknow: 24K – ₹1,03,190; 22K – ₹94,600 per 10g
Analysts attribute the surge in gold prices to strong festive-season demand, safe-haven buying, and bullish trends in global markets. Conversely, silver’s fractional dip today is seen as a short-term correction after its recent upward rally.
---------------
Hindusthan Samachar / Jun Sarkar
