India’s Bullion Market Update: Gold Hits ₹1,57,750, Silver Drops ₹5,000

Bullion markets in India witnessed mixed trends on Valentine’s Day, with gold prices firming up and silver showing weakness. According to GoodReturns and MCX data, the rise in gold was driven by global cues and steady jewellery demand, while silver faced pressure from international market volatility.

City-wise variations showed gold prices ranging between ₹1,55,770 and ₹1,57,080 per 10 grams of 24K gold, with Chennai recording slightly higher rates compared to Mumbai and Delhi. Silver, however, slipped across major cities, reflecting cautious investor sentiment amid global economic signals.

Key Highlights

• 24K Gold Price: ₹1,57,750 per 10 grams (national benchmark).
• 22K Gold Price: ₹1,44,600 per 10 grams.
• 18K Gold Price: Around ₹11,831 per gram.
• Silver Price: ₹2,75,000 per kilogram, down ₹5,000.
• City-Wise Trends: Chennai saw higher gold rates (~₹1,57,080), while Mumbai and Delhi hovered near ₹1,55,770–₹1,55,920.
• Market Sentiment: Investors remain cautious, tracking global dollar strength and Fed policy expectations.

Context
The modest rise in gold and dip in silver highlight the sensitivity of bullion prices to global economic signals. With Valentine’s Day demand adding momentum, analysts expect short-term fluctuations but steady interest in gold as a safe-haven asset.

Sources: GoodReturns, The Economic Times, Times of India, OneIndia News, Hindustan Times