Today Gold & Silver Rate:The Indian bullion market saw modest upticks today as global cues and rupee trends influenced trading sentiment.
Today Gold & Silver Rate:
- 22K Gold: Rs 1,19,950 / 10g
- 24K Gold: Rs 1,30,860 / 10g
- Silver: Rs 1,80,000 / kg
Today Gold Rate:City-wise (10g 24K):
- Delhi: Rs 1,32,920
- Bangalore: Rs 1,30,860
- Chennai: Rs 1,30,370
Today Gold :City-wise (10g 22K):
- Delhi: Rs 1,21,850
- Bangalore: Rs 1,19,950
- Chennai: Rs 1,19,500
Also Read:Gold Rate Today in India: Prices Ease Slightly But Stay Near Record Highs
Market Snapshot & What Moved Prices
- The US dollar weakened on softer inflation data overnight, making gold slightly more attractive globally.
- Domestic festive demand (weddings, Diwali) nudged local purchases in metro cities.
- However, interest rate concerns and global yield movements capped gains.
- The rupee’s mild depreciation added Rs 80 – Rs 120 to the landed cost in India.
Editor’s View & Forecast
Today’s gold movement was like a steady trot — not a runaway sprint.
With global inflation data due tomorrow, expect volatility. If the dollar weakens further, gold may push toward Rs 1,19,500/ 10g (22K).
But a hawkish US Fed could yank prices back.
Where to Buy & Tips for Buyers
- Buy from trusted jewelers with a 999 purity hallmark and test reports.
- Avoid unnecessary premiums — ask for breakup (making + wastage).
- Buy via forwarding scheme (if offered) to save on cost.
- Check gold loan rates if you’re pledging — lower rates -> better deal.
- Diversify — don’t hold all in bullion; include silver or small exposure to equities.
FAQ — Today’s Gold & Silver Rate
Q: What is 22K vs 24K gold?
A: 24K is pure (999 fineness), while 22K (916 fineness) is alloyed for durability. 22K is more common in Indian jewelry.
Q: Why do gold rates vary city to city?
A: Local taxes, transportation, and jeweler margins cause small fluctuations.
Q: Is silver better to buy now?
A: Silver is volatile and less liquid; good as a supplement, not a replacement.
Q: Does the price come with making charges?
A: No — the rate above is pure metal. Making + wastage is extra and varies by jeweler.
Q: When is the best time to buy gold?
A: Early morning (10–12 AM) is when competition among jewelers can bring discounts.
External References & Resources
- For global spot and LBMA rates, check Kitco: kitco.com
- For domestic bullion trends, refer to BullionDesk India: bulliondesk.com
- For RBI/government import policy, see Ministry of Finance’s bulletins: finmin.gov.in
