New Delhi, 11 March (H.S.):

India's bullion markets opened higher on Wednesday, with gold prices climbing up to ₹720 per 10 grams and silver advancing by ₹10,200 per kilogram in early trading.The rally propelled 24-carat gold to trade between ₹1,62,390 and ₹1,62,540 per 10 grams across major centers, while 22-carat gold ranged from ₹1,48,860 to ₹1,49,010 per 10 grams.

Silver, reflecting the upbeat sentiment, reached ₹2,90,100 per kilogram in Delhi's wholesale markets.

City-wise, Delhi saw 24-carat gold at ₹1,62,540 and 22-carat at ₹1,49,010 per 10 grams; Mumbai quoted ₹1,62,390 and ₹1,48,860 respectively; and Ahmedabad stood at ₹1,62,440 and ₹1,48,910.

Similar gains prevailed in Chennai, Kolkata, Bhopal, Lucknow, Patna, Jaipur, Bengaluru, Hyderabad, and Bhubaneswar, with 24-carat gold uniformly around ₹1,62,390–₹1,62,540 and 22-carat near ₹1,48,860–₹1,49,010 per 10 grams.

Traders attribute the uptick to sustained jewelry demand ahead of regional festivals, coupled with global uncertainties from the ongoing Iran-US conflict, bolstering safe-haven buying. MCX gold futures echoed the spot strength, trading above ₹1,63,000 per 10 grams earlier in the session. Silver's sharp rise aligns with industrial demand recovery, though volatility persists .

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Hindusthan Samachar / Jun Sarkar