Gold, Silver Rates Today: Gold prices in India saw a sharp rise on Thursday amid the ongoing US war against Iran, causing uncertainty across global markets. However, the prices of silver witnessed a marginal
rise on Thursday.
In Chennai, the price of 24-carat gold witnessed a jump of Rs 2,940 to touch Rs 1,50,000 per 10 grams, according to figures by goodreturns.in. Similarly, prices of 10 grams of 22-carat gold also rose by Rs 2,700, costing Rs 1,37,500 on Thursday.
MCX gold October contract witnessed a 0.58% rise to Rs 1,49,350 per 10 grams, while MCX silver September futures rose 0.25% to Rs 2,28,145 per kg in morning trade on Thursday.
Check Rates For Cities Today
| City | 22K Gold (Rs/10g) | 24K Gold (Rs/10g) | Silver (Rs/kg) |
| New Delhi | Rs 1,37,400 | Rs 1,49,860 | Rs 2,40,000 |
| Mumbai | Rs 1,37,250 | Rs 1,49,730 | Rs 2,40,000 |
| Kolkata | Rs 1,37,250 | Rs 1,49,730 | Rs 2,40,000 |
| Chennai | Rs 1,37,500 | Rs 1,50,000 | Rs 2,50,000 |
| Bengaluru | Rs 1,37,250 | Rs 1,49,730 | Rs 2,40,000 |
| Jaipur | Rs 1,37,400 | Rs 1,49,860 | Rs 2,40,000 |
| Ahmedabad | Rs 1,37,300 | Rs 1,49,760 | Rs 2,40,000 |
| Pune | Rs 1,37,250 | Rs 1,49,730 | Rs 2,40,000 |
| Hyderabad | Rs 1,37,250 | Rs 1,49,730 | Rs 2,50,000 |
In the international market, spot gold was up 0.5% at $4,265.22 per ounce by 0330 GMT, after hitting its highest level since June 18 earlier. On Wednesday, bullion posted its biggest daily gain since February. US gold futures rose 0.5% to $4,324.60.
Spot silver fell 0.1% to $62.02, platinum was up 1.2% to $1,755.18 after hitting its highest since June. Palladium climbed 0.8% to $1,374.33, up for a third consecutive session.
“The sharp rally came on building optimism that a diplomatic breakthrough in the Middle East is close to being finalised. This in turn would keep downside pressure on oil prices and reduce the need for central banks to raise rates, providing a clear tailwind for gold,” IG market analyst Tony Sycamore said as quoted by Reuters.
A sustained break above the 200-day moving average could pave the way for a stronger recovery toward the $5,000 mark, he added.
A proposed deal between Iran and Oman to help end five months of war between Iran and the United States would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters.
