Gold, Silver Prices Surge Across India as Bullion Markets Turn Firm
Gold and silver prices recorded a sharp upswing in India’s domestic bullion markets on April 9, with both metals witnessing significant gains across major cities. The rise comes amid increased buying interest ahead of the festive and wedding season, along with supportive global trends.
Key Highlights
- 24-carat gold prices jumped by ₹3,670–₹4,000 per 10 grams
- 22-carat gold also saw strong gains across markets
- Silver prices increased by up to ₹10,200 per kilogram
- Price rise observed uniformly across major metro cities
Sharp Rise in Gold Prices
According to market data, 24-carat gold is now trading between ₹1,53,830 and ₹1,54,920 per 10 grams across India. Meanwhile, 22-carat gold is priced in the range of ₹1,41,010 to ₹1,42,010 per 10 grams.
In Delhi, 24-carat gold was quoted at ₹1,53,980 per 10 grams, while Mumbai and Kolkata reported prices near ₹1,53,830. Chennai recorded the highest level among major cities, with gold touching ₹1,54,920 per 10 grams.
Other cities such as Ahmedabad, Bhopal, Patna, Lucknow, and Jaipur also saw prices move in a similar range, indicating a broad-based rally.
Silver Prices Climb Sharply
Silver prices also posted strong gains, with rates rising by up to ₹10,200 per kilogram. In the Delhi bullion market, silver was trading at ₹2,60,100 per kilogram.
The increase reflects steady industrial demand as well as investor interest, which often supports silver prices alongside gold during periods of market movement.
Market Drivers Behind the Rally
Market participants attribute the surge to a combination of domestic and global factors. Increased purchases by jewellers ahead of upcoming festivals, including Akshaya Tritiya, have contributed to higher demand.
Additionally, fluctuations in the rupee and global uncertainties have led to renewed safe-haven buying of precious metals, supporting price momentum despite mixed trends in commodity futures markets.
Context and Background
Gold and silver prices in India are influenced by international market movements, currency exchange rates, import duties, and seasonal demand. Festive periods and wedding seasons traditionally drive higher consumption, often leading to short-term price increases.
Silver, unlike gold, also has strong industrial usage, which can amplify price movements during periods of economic activity.
Inputs & Images: Hindusthan Samachar
Edited by: Pushkarini Annabathula
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Last Updated on: Thursday, April 9, 2026 3:13 pm by Pushkarini Annabathula | Published by: Pushkarini Annabathula on Thursday, April 9, 2026 3:13 pm | News Categories: Latest
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