Current Gold and Silver Prices Surge Across Major Indian Cities
Gold Prices on the Rise
Buyers of gold will need to adjust their budgets as prices increase, with 24-carat gold experiencing a notable rise on Wednesday, June 11. The widely favored 22-carat gold, known for its strength, is currently priced at Rs 90,200 for every 10 grams.
Latest Price Trends
On the same day, the price for 10 grams of 24-carat gold reached Rs 98,400, as reported by Good Returns. Silver prices have also climbed, now standing at Rs 1,09,100 per kilogram.
City-Specific Gold Prices
In Mumbai, the cost of 10 grams of 24-carat gold matches that of Kolkata, Chennai, and Hyderabad at Rs 98,400. Meanwhile, in Delhi, the price is slightly lower at Rs 97,720.
For 22-carat gold, Mumbai's price is Rs 90,200, consistent with Kolkata, Bengaluru, Chennai, and Hyderabad. In contrast, Delhi's price for the same is Rs 89,590.
Silver prices remain uniform in Delhi, Mumbai, and Kolkata at Rs 1,09,100 per kilogram, while Chennai and Hyderabad see a higher rate of Rs 1,19,100.
Gold Prices in Major Cities
| City |
Gold Price (22-Carat/10 gm) | Gold Price (24-Carat/10 gm) | Silver Price (Rs/kg) |
| Delhi | Rs 89,590 | Rs 97,720 | Rs 1,09,100 |
| Noida | Rs 89,590 | Rs 97,720 | Rs 1,09,100 |
| Lucknow | Rs 89,590 | Rs 97,720 | Rs 1,09,100 |
| Mumbai | Rs 90,200 | Rs 98,400 | Rs 1,09,100 |
| Bengaluru | Rs 90,200 | Rs 98,400 | Rs 1,09,100 |
| Chennai | Rs 90,200 | Rs 98,400 | Rs 1,19,100 |
| Pune | Rs 90,200 | Rs 98,400 | Rs 1,09,100 |
| Ahmedabad | Rs 89,490 | Rs 97,620 | Rs 1,09,100 |
| Kolkata | Rs 90,200 | Rs 98,400 | Rs 1,09,100 |
| Hyderabad | Rs 90,200 | Rs 98,400 | Rs 1,19,100 |
Factors Influencing Gold Prices
Gold prices in India are not solely determined by local demand and supply. Instead, they are heavily influenced by trading activities in major global markets, such as the London OTC spot market and the COMEX gold futures market.
Additionally, various factors including global events, political developments, decisions made by central banks, and fluctuations in currency values can also impact the prices of this precious metal.
Verifying Gold Purity
To ensure the purity of gold, consider the following methods:
1. Look for a hallmark: A hallmark is a reliable indicator. 22-carat gold, also referred to as 916 gold, will have a hallmark stamp indicating '916' on its reverse side.
2. Check for the BIS Standard Mark: Jewelry should display a triangle with 'BIS' underneath to confirm its purity.
3. Conduct an acid test: Under proper guidance, an acid test can be performed using nitric acid to assess purity.
4. Color test: Genuine gold retains its yellow hue and does not tarnish.