New Delhi, February 6 The domestic bullion market witnessed a sharp rise in gold prices for the second consecutive day, pushing 24-carat gold beyond ₹86,000 per 10 grams and 22-carat gold past ₹79,000 per 10 grams. The price surge ranged from ₹950 to ₹1,040 per 10 grams, indicating a strong bullish trend in the market.
Gold and Silver Price Surge Across India
The increasing demand for gold has led to a sharp rise in prices across major cities. Currently, 24-carat gold is trading between ₹86,250 and ₹86,400 per 10 grams, while 22-carat gold is priced between ₹79,060 and ₹79,210 per 10 grams.
Similarly, silver prices also saw a significant increase of ₹1,200 per kg, bringing the metal to ₹99,600 per kg in Delhi bullion markets.
City-Wise Gold Prices in India
Gold Prices in Major Indian Cities (Per 10 Grams)
| City | 24-Carat Gold Price | 22-Carat Gold Price |
|---|---|---|
| Delhi | ₹86,400 | ₹79,210 |
| Mumbai | ₹86,250 | ₹79,060 |
| Ahmedabad | ₹86,300 | ₹79,110 |
| Chennai | ₹86,250 | ₹79,060 |
| Kolkata | ₹86,250 | ₹79,060 |
| Lucknow | ₹86,400 | ₹79,210 |
| Patna | ₹86,300 | ₹79,110 |
| Jaipur | ₹86,400 | ₹79,210 |
| Bengaluru | ₹86,250 | ₹79,060 |
| Hyderabad | ₹86,250 | ₹79,060 |
| Bhubaneswar | ₹86,250 | ₹79,060 |
Gold Prices Surge in Karnataka, Telangana, and Odisha
Similar trends were observed in Bengaluru, Hyderabad, and Bhubaneswar, where 24-carat gold was trading at ₹86,250 per 10 grams and 22-carat gold at ₹79,060 per 10 grams.
What’s Driving the Gold Price Rally?
The increase in gold prices is attributed to multiple global and domestic factors, including:
- Fluctuations in international gold rates due to global economic uncertainties.
- Rising investment demand as gold remains a safe-haven asset.
- Strengthening of the US dollar and geopolitical tensions, leading to higher bullion prices.
- Wedding and festive season demand in India, further driving the price surge.
Market Outlook
With continued investor interest and high demand, gold prices are expected to remain volatile in the coming days. Investors and traders are advised to monitor global market trends for further insights into gold price movements.
Gold Prices Surge for Second Consecutive Day, Cross ₹86,000 Mark in Indian Bullion Market
