Gold Prices Soar: Check Today’s Rates in Mumbai, Delhi, and More

Gold and silver prices in India are on the rise, fueled by global uncertainty. Experts predict a ‘bullish’ outlook for gold as trade tensions between the US, China, and the EU continue to simmer.

Both gold and silver are considered safe haven investments, meaning they tend to perform well when stock markets are volatile. Jigar Trivedi, Senior Research Analyst at Reliance Securities, believes that gold prices are likely to climb in June, keeping a close eye on US economic data like GDP and consumer confidence.

Why are gold prices going up?

Gold has already surged by 30 percent year-on-year, and its average annual return since 2001 is 15 percent. It has also outpaced inflation by 2-4 percent since 1995, making it a relatively attractive investment. Colin Shah, MD of Kama Jewelry, believes silver prices will remain relatively stable unless major economic events shake things up.

Want to buy gold? Here’s what you need to know:

Commodities experts suggest taking advantage of dips in gold prices and recommend gold ETFs as a way to invest without the hassle of purchasing and storing physical gold. Remember to consider your personal financial goals and consult with a financial advisor before making any investment decisions.

Gold and Silver Prices in Major Indian Cities (May 25):

Check the latest rates here:

• Mumbai:
• 24-carat gold: ₹96,860/10 gm
• 22-carat gold: ₹88,788/10 gms
• Silver 999 Fine: ₹98,240/kg
• Delhi:
• 24-carat gold: ₹96,860/10 gm
• 22-carat gold: ₹88,788/10 gms
• Silver 999 Fine: ₹98,240/kg
• Bengaluru:
• 24-carat gold: ₹96,860/10 gm
• 22-carat gold: ₹88,788/10 gms
• Silver 999 Fine: ₹98,240/kg
• Chennai:
• 24-carat gold: ₹96,860/10 gm
• 22-carat gold: ₹88,788/10 gms
• Silver 999 Fine: ₹98,240/kg
• Hyderabad:
• 24-carat gold: ₹96,860/10 gm
• 22-carat gold: ₹88,788/10 gms
• Silver 999 Fine: ₹98,240/kg
• Kolkata:
• 24-carat gold: ₹96,860/10 gm
• 22-carat gold: ₹88,788/10 gms
• Silver 999 Fine: ₹98,240/kg

Remember: Retail jewellers often add making charges, taxes, and GST to the final price.