In a festive boost for jewelry enthusiasts and investors alike, gold and silver prices in India edged higher for the second consecutive day on Thursday, propelled by surging demand ahead of the peak wedding
season. The yellow metal, a perennial favorite for nuptial adornments, touched Rs 12,792 per gram for 24-karat purity, while silver followed suit at Rs 169.10 per gram, reflecting sustained investor confidence amid international market gains.As the wedding bells ring across the nation, with over 10 million ceremonies projected between November and February—domestic buying has intensified, pushing local rates to premiums over global benchmarks. On November 27, 24K gold rose Rs 21 from the previous day's Rs 12,771 per gram, translating to Rs 1,27,920 for 10 grams (up Rs 210) and Rs 12,79,200 for 100 grams (up Rs 2,100). The 22K variant, popular for everyday ornaments, climbed marginally by Rs 19 to Rs 11,726 per gram, while 18K gold, often used in alloyed jewelry, inched up Rs 18 to Rs 9,594 per gram.Silver, gaining traction as an affordable alternative, also posted gains, with the metal trading at Rs 169.10 per gram or Rs 1,69,100 per kilogram—up from Rs 168.50 per gram on November 26. This uptick mirrors a broader precious metals rally, with global spot gold at $2,650 per ounce (approximately Rs 7,500 per gram at current exchange rates) and silver at $31.50 per ounce, buoyed by expectations of U.S. Federal Reserve rate cuts and geopolitical uncertainties.City-Wise Breakdown: Where Gold Stands TodayGold prices vary slightly across cities due to local taxes, making charges, and transportation costs. Here's a snapshot of 24K and 22K rates per gram on November 27:
- Mumbai: 24K Gold — Rs 12,792/gram | 22K Gold — Rs 11,726/gram
- Chennai: 24K Gold — Rs 12,874/gram | 22K Gold — Rs 11,801/gram
- Delhi: 24K Gold — Rs 12,807/gram | 22K Gold — Rs 11,741/gram
- Bengaluru: 24K Gold — Rs 12,792/gram | 22K Gold — Rs 11,726/gram
- Hyderabad: 24K Gold — Rs 12,792/gram | 22K Gold — Rs 11,726/gram
- Ahmedabad: 24K Gold — Rs 12,797/gram | 22K Gold — Rs 11,731/gram
- Kolkata: 24K Gold — Rs 12,792/gram | 22K Gold — Rs 11,726/gram
- Kerala: 24K Gold — Rs 12,792/gram | 22K Gold — Rs 11,726/gram
- Kerala (market label): 24K Gold — Rs 12,792/gram | 22K Gold — Rs 11,726/gram
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