Gold and silver prices in India rose on October 14, 2023. The price of 22-carat gold rose by ₹100 to ₹53,811 per 10 grams, while the price of 24-carat gold rose by ₹120 to ₹57,790 per 10 grams. The price of silver rose by ₹100 to ₹72.55 per gram.
The rise in gold and silver prices was due to a number of factors, including:
- The weakening of the Indian rupee against the US dollar.
- The ongoing global economic uncertainty caused by the war in Ukraine and rising inflation.
- Increased demand for gold and silver from investors looking for a safe haven asset.
The price of gold is expected to remain elevated in the near term, as investors continue to seek safe haven assets. The price of silver is also expected to rise, as it is seen as a more affordable alternative to gold.
Here are the latest gold and silver prices in major Indian cities:
| City | 22K gold price (per 10 grams) | 24K gold price (per 10 grams) | Silver price (per gram) |
|---|---|---|---|
| Delhi | ₹53,811 | ₹57,790 | ₹72.55 |
| Mumbai | ₹53,811 | ₹57,790 | ₹72.55 |
| Kolkata | ₹53,811 | ₹57,790 | ₹72.55 |
| Chennai | ₹53,811 | ₹57,790 | ₹72.55 |
| Bengaluru | ₹53,811 | ₹57,790 | ₹72.55 |
| Hyderabad | ₹53,811 | ₹57,790 | ₹72.55 |
| Ahmedabad | ₹53,811 | ₹57,790 | ₹72.55 |
| Pune | ₹53,811 | ₹57,790 | ₹72.55 |
| Jaipur | ₹53,811 | ₹57,790 | ₹72.55 |
| Kochi | ₹53,811 | ₹57,790 | ₹72.55 |
| Nagpur | ₹53,811 | ₹57,790 | ₹72.55 |
| Lucknow | ₹53,811 | ₹57,790 | ₹72.55 |
It is important to note that these prices are indicative and may vary slightly depending on the jeweler. It is always advisable to check the prices with multiple jewelers before making a purchase.
