New Delhi, 01 April (H.S.):

Domestic bullion markets opened on a sharply positive note today as both gold and silver prices logged robust gains, propelled by safe‑haven demand and firm global cues. In the local jewellery sector, 24‑karat and 22‑karat gold rates have moved higher by around ₹1,150–₹1,250 per 10 grams, while silver has jumped by approximately ₹5,200 per kilogram in the initial trading session.

Gold trades near ₹1.50 lakh per 10 grams

In early deals today, 24‑karat gold in India’s key jewellery hubs is trading between ₹1,49,520 and ₹1,49,670 per 10 grams, according to prevailing local rates. In Delhi, 24‑karat gold is quoted at ₹1,49,670 per 10 grams, while in Mumbai the corresponding rate stands at ₹1,49,520 per 10 grams. In Ahmedabad, Chennai, Kolkata, Bengaluru, Hyderabad and Bhubaneswar, 24‑karat gold is being sold for around ₹1,49,520–₹1,49,570 per 10 grams, reflecting a relatively uniform up‑move across major cities.

Similarly, 22‑karat jewellery gold—commonly used for traditional ornaments—is trading between ₹1,37,060 and ₹1,37,210 per 10 grams. In Delhi and Mumbai, the rate is ₹1,37,210 and ₹1,37,060 per 10 grams, respectively, while in Ahmedabad, Chennai, Kolkata, Bengaluru, Hyderabad and Bhubaneswar it hovers near ₹1,37,060–₹1,37,110 per 10 grams. In Bhopal, Lucknow, Patna and Jaipur, the 22‑karat price sits at the upper band of this range, at around ₹1,37,110–₹1,37,210 per 10 grams.

Analysts attribute the buoyancy in local gold prices to a combination of firmer international quotations, ongoing geopolitical uncertainty, and expectations of continued investment demand in precious metals for April 2026.

Silver climbs to around ₹2.50 lakh per kg

Silver prices have also gained substantial ground in the domestic market today. In the opening session, the white metal is being quoted at about ₹2,50,100 per kilogram in Delhi’s bullion markets, with similar rates reported in other major centres such as Mumbai, Ahmedabad, Chennai, Kolkata, Bengaluru, Hyderabad and Bhubaneswar.

In the global arena, silver prices are also advancing, with spot silver in the London market quoted near 74.64 US dollars per ounce today, reflecting a broad‑based rally in the industrial and investment metal.

Industry observers note that silver’s price trajectory this year has been particularly volatile, with the metal having registered sharp percentage gains amid strong industrial demand, supply‑chain constraints and its role as a cheaper alternative safe‑haven asset to gold.

Global markets mirror local strength

The strength in India’s bullion bazaars is mirrored by positive trends in overseas markets. On the Singapore Gold Exchange, spot gold is trading near 4,652.31 US dollars per ounce, while international silver prices are also firm, supporting the domestic rally.

In domestic futures, MCX‑traded gold contracts have recently been trading in the vicinity of ₹1.56–₹1.58 lakh per 10 grams for April 2026 delivery, indicating that current spot levels in the physical jewellery market are broadly in line with nearby futures pricing.

Broader regional markets follow suit

Beyond the main metropolitan hubs, bullion markets in Karnataka, Telangana and Odisha are also witnessing a marked uptrend in gold quotes. In the state capitals of Bengaluru, Hyderabad and Bhubaneswar, 24‑karat gold is trading near ₹1,49,520 per 10 grams and 22‑karat near ₹1,37,060 per 10 grams, aligning with the national pattern of a broad‑based rally.

With jewellery seasonality, global risk‑off sentiment and central‑bank buying expected to persist through April, analysts anticipate that gold and silver prices in India may remain supported in the near term, even as volatile macro signals can trigger intermittent corrections.

Hindusthan Samachar / Jun Sarkar