Gold and silver prices showed mixed trends in major Indian cities this week, after touching record highs and Then witness a sharp dip.The sudden fall in prices has led to speculations about the reason behind the drop in the price of the precious metal.
On Sunday, in Delhi, 24-karat gold was priced at ₹16,073 per gram, while 22-karat gold was priced at ₹14,735 per gram and 18-karat gold at ₹12,059 per gram. (Representative image/Pexel)On Sunday, when India presented its Union Budget 2026-27, in Delhi, the price of 24 carat gold was ₹16,073 per gram, while 22 carat gold stood at Rs ₹14,735 grams per and 18-carat gold ₹12,059 per village. Silver was traded in the capital of the country ₹350 per gram, or ₹3,50,000 per kilogram as per Good Returns.
Gold prices were relatively high in Chennai. 24 carat gold price stands ₹16,255 per gram, while 22 carat gold was priced ₹14,900 per gram and 18 carat gold ₹12,800 per village.
Silver is quoted in Chennai ₹320 per gram, or ₹3,20,000 per kilogram.
Mumbai saw the price of gold in line with Delhi.
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24 carat gold was priced ₹16,058 per gram, where 22 carat gold was available ₹14,720 per gram and 18 carat gold ₹12,044 per village.
Silver prices stand up in Mumbai ₹350 per gram, or ₹3,50,000 per kg.
In Bengaluru, gold prices were similar to Mumbai, where 24 carat gold was priced ₹16,058 per gram, 22 carat gold ₹14,720 per gram and 18 carat gold ₹12,044 per village. Silver was traded in the city ₹350 per gram, or ₹3,50,000 per kg.
24 carat gold price in Ahmedabad stands ₹16,063 per gram, while 22 carat gold was priced at Rs ₹14,725 grams per and 18 carat gold ₹12,049 per gram. Silver was priced in Ahmedabad ₹350 per gram, or ₹3,50,000 per kg.
Silver, however, traded at a premium in the city, quoted ₹404.90 per gram and ₹4,04,900 per kg.
This week’s trendGold and silver prices hit record highs earlier this week before seeing a sharp correction.
Silver rose to an all-time high ₹4,04,500 per kg on Thursday, but fell 15 percent in the subsequent trading session.
Gold is also a fresh peak scale ₹1,83,000 per 10 grams on Thursday, before falling 7.6 percent ₹1,69,000 per 10 grams in the previous trade.
In all, gold prices rose 20.2 percent, or ₹27,800, from ₹1,37,700 per 10 grams was recorded at the end of last year.
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Also Read | Ahead of the budget speech, gold, silver prices fell sharply, hitting the lower circuit
What is the price of MCX gold and silver?On the Multi Commodity Exchange (MCX), gold futures (24 carat) are moving ₹1,60,860 per 10 grams, while silver was trading at MCX ₹3, 670 per 10 grams.
MCX gold and silver prices crashed on Friday as investors booked profits amid global sell-off due to a stronger US dollar.
Commodity market trading is open from 9 am to 5 pm.
