Hyderabad: After a sharp decline last Friday, gold and silver prices staged a strong comeback on Monday, witnessing record-breaking gains in the domestic futures market. Both precious metals rose sharply amid renewed buying interest.
On the Multi Commodity Exchange (MCX), gold prices surged by more than ₹2,100 per 10 grams during early trade. Around 11:30 a.m., gold was trading at ₹157,647 per 10 grams, up ₹2,196 from the previous close.
Gold Hits New Highs
During the day’s session so far, gold touched:
- Day’s low: ₹155,546 per 10 grams
- Day’s high: ₹158,500 per 10 grams
Silver Rallies Nearly ₹12,000
Silver prices also recorded a massive jump. At around 11:30 a.m., silver was trading at ₹261,677 per kilogram, registering a gain of ₹11,785 per kg.
So far today, silver has moved in the range of:
- Low: ₹258,000 per kg
- High: ₹264,885 per kg
City-Wise Gold and Silver Prices
City Gold (₹/10g) Silver (₹/kg) Patna 157,070 261,740 Jaipur 157,130 261,840 Kanpur 157,260 262,280 Lucknow 157,260 262,280 Bhopal 157,380 262,490 Indore 157,380 262,490 Chandigarh 157,150 261,880 Raipur 157,150 235,320
Patna Cheapest, Bhopal and Indore Costliest
According to the data, Patna currently offers the cheapest gold at ₹157,070 per 10 grams. Meanwhile, Bhopal and Indore are the most expensive markets, with gold priced at ₹157,380 per 10 grams.
For silver, Patna remains the cheapest market, while Bhopal and Indore record the highest prices at ₹262,490 per kilogram.
Why Prices Fell Last Week
Gold and silver had declined sharply last week due to profit booking, a stronger U.S. dollar, and rising real yields, which reduced the appeal of precious metals as safe-haven assets.
Market experts say that in the near term, global political developments and key U.S. macroeconomic data will continue to play a crucial role in determining the direction of gold and silver prices.
Investors can track live commodity prices on the MCX India official website or check retail rates through updates from the India Bullion and Jewellers Association (IBJA).