New Delhi, June 8 — The Indian bullion market witnessed mixed trends today as gold prices dipped across major cities, while silver continued its upward momentum. On Saturday, 24-carat gold was trading in the range of ₹97,970 to ₹98,120 per 10 grams, and 22-carat gold between ₹89,800 and ₹89,950 per 10 grams. In contrast, silver saw a sharp jump, trading at ₹1,07,100 per kilogram in the Delhi market.
Weekly Gains Despite Day’s Dip
Despite today’s decline, gold has registered a notable gain over the week. From Monday to Saturday, 24-carat gold prices rose by up to ₹660 per 10 grams, while 22-carat gold increased by around ₹600 per 10 grams across major bullion markets. Silver, however, outperformed gold in terms of weekly growth, surging by ₹8,000 per kilogram during the same period.
City-Wise Gold Prices Snapshot
Gold prices showed minor regional variations today:
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Delhi: 24-carat gold at ₹98,120/10g; 22-carat at ₹89,950/10g
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Mumbai: 24-carat at ₹97,970/10g; 22-carat at ₹89,800/10g
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Ahmedabad: 24-carat at ₹98,020/10g; 22-carat at ₹89,850/10g
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Chennai & Kolkata: 24-carat at ₹97,970/10g; 22-carat at ₹89,800/10g
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Lucknow: 24-carat at ₹98,120/10g; 22-carat at ₹89,950/10g
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Patna: 24-carat at ₹98,020/10g; 22-carat at ₹89,850/10g
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Jaipur: 24-carat at ₹98,120/10g; 22-carat at ₹89,950/10g
Southern Markets Follow Suit
Gold prices in South Indian cities also reflected the nationwide trend. In Bengaluru, Hyderabad, and Bhubaneswar, 24-carat gold was priced at ₹97,970 per 10 grams and 22-carat gold at ₹89,800 per 10 grams. These figures indicate a slight softening compared to recent highs.
Outlook for Investors
Market analysts suggest that the current dip in gold prices could be a buying opportunity for investors, especially with ongoing global economic uncertainties and high demand during the upcoming festive season. Silver’s impressive rally, meanwhile, has been attributed to increased industrial demand and global cues.
Bhupendra singh chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur kiranhis insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
