Precious metals saw gains at the start of the trading week on Monday, with both gold and silver registering increases in domestic and international markets.
On the domestic futures exchange, gold opened at ₹1,41,322 per 10 grams, while silver reached ₹2,19,498 per kilogram. This upward movement follows the previous Friday’s closing levels of ₹1,41,006 per 10 grams for gold and ₹2,16,499 per kilogram for silver.
Internationally, gold advanced 0.15 percent to $4,024.90 per ounce, compared to Friday’s close of $4,023 per ounce. Silver posted a stronger rise of 1.85 percent, climbing to $57.370 per ounce from the prior session’s $56.22 per ounce.
Retail prices in major cities reflected the broader trend. In Delhi, silver was quoted at ₹2,29,900 per kilogram. Similar levels of ₹2,29,900 per kilogram were observed in Mumbai, Kolkata, Bengaluru, Lucknow, and Patna. Chennai reported a higher rate of ₹2,34,900 per kilogram.
For physical gold purchases, rates across key centers stood as follows (per 10 grams):
– Delhi: 24K ₹14,343; 22K ₹13,144; 18K ₹10,761
– Mumbai: 24K ₹14,328; 22K ₹13,134; 18K ₹10,746
– Chennai: 24K ₹14,328; 22K ₹13,134; 18K ₹10,949
– Patna, Lucknow, Bengaluru: 24K ₹14,328; 22K ₹13,134; 18K ₹10,746
– Ahmedabad: 24K ₹14,333; 22K ₹13,139; 18K ₹10,751
Buyers in major urban markets are advised to verify the latest local jeweler or bullion dealer quotes before making purchases, as rates can vary slightly by location and purity.
The recent price movements come amid ongoing geopolitical developments in West Asia, which continue to influence commodity markets. Market observers note that such tensions have contributed to fluctuations in precious metals, alongside concerns over potential impacts on global energy prices and inflation expectations. Gold and silver have experienced repeated volatility since the escalation of regional issues.
Overall, the opening session highlighted continued interest in these safe-haven assets as investors monitor international developments.