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Rising tensions in the Middle East due to the US-Iran war have created significant volatility in the commodity market. As soon as the market opened, gold and silver prices saw a sharp jump, attracting the attention of investors toward precious metals once again.
Silver Price Today: Significant Rise in Silver Rates
With the market opening, silver prices surged by nearly ₹10,000 per kilogram. Around 9:19 AM, in the futures market, silver rose by ₹8,946 per kilogram, reaching a price of ₹2,91,590 per kilogram.
Experts believe that if this momentum continues, silver prices could soon touch ₹3 lakh per kilogram.
Gold Price Today: Gold Prices Also Rise
Alongside silver, gold prices have also strengthened, though the rise in gold is not as sharp as silver.
At 9:30 AM on MCX, the price of 10 grams of gold was around ₹1,67,001, showing an increase of ₹4,897 per 10 grams.
Today, gold recorded:
- Low: ₹1,65,217 per 10 grams
- High: ₹1,67,915 per 10 grams
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City-Wise Gold and Silver Rates
| City | Gold Price (10 grams - 24K) | Silver Price (1 kg) |
|---|---|---|
| Patna | ₹167,160 | ₹291,260 |
| Bhopal | ₹167,090 | ₹290,540 |
| Indore | ₹167,090 | ₹290,540 |
| Lucknow | ₹166,950 | ₹290,300 |
| Kanpur | ₹160,950 | ₹290,300 |
| Chandigarh | ₹166,910 | ₹290,230 |
| Jaipur | ₹166,890 | ₹290,190 |
| Raipur | ₹166,840 | ₹290,110 |
Cheapest and Most Expensive Cities for Gold and Silver
According to the data, Raipur has the lowest prices for both gold and silver, with 10 grams of gold at ₹1,66,840 and 1 kilogram of silver at ₹2,90,110.
On the other hand, Patna has the highest rates for both metals. Here, 10 grams of gold costs ₹1,67,160 and 1 kilogram of silver is priced at ₹2,91,260.
Why Are Gold and Silver Prices Rising?
Experts suggest that increasing geopolitical tensions, especially the conflict between the US and Iran, are driving investors toward safe-haven assets. Precious metals like gold and silver are considered secure investments during uncertain times, leading to higher demand and price surges.
If global tensions continue, we can expect further upward movement in precious metal prices in the coming days.
Also Read: Gold Price Today: Gold Creates History by Crossing ₹1.60 Lakh Mark
