New Delhi: Gold and silver prices recovered sharply today after three consecutive days of decline. On the MCX, silver gained over ₹33,000, while gold rose by approximately ₹9,198.
At 2:10 PM, March delivery silver was trading at ₹2,68,250 per kilogram, up ₹31,989 from the previous session. Silver had fallen by ₹1.75 lakh over the last three days. The metal opened at ₹2,45,711, hit a low of ₹2,45,711, and surged to a high of ₹2,69,654 during early trading. Silver had previously touched ₹4 lakh per kilogram but had seen a significant correction in recent sessions.
Gold also saw strong gains. It closed at ₹1,43,991 in the previous session, opened at ₹1,48,000 today, and reached a high of ₹1,53,290. At 2:10 PM, gold was trading at ₹1,53,189, up ₹9,198.
International Prices
In the global market, spot gold rose 3.7% to $4,837.16 per ounce, bouncing back from last session’s one-month low. Spot silver gained 5.9% to $84.09 per ounce, following a previous weekly all-time high of $121.64 per ounce.
Gold Rates Across Major Cities (per 8 grams)
- Delhi: Standard Gold (22K) ₹1,12,432 | Pure Gold (24K) ₹1,22,648
- Mumbai: Standard Gold (22K) ₹1,12,312 | Pure Gold (24K) ₹1,22,528
- Chennai: Standard Gold (22K) ₹1,11,592 | Pure Gold (24K) ₹1,21,736
- Hyderabad: Standard Gold (22K) ₹1,12,312 | Pure Gold (24K) ₹1,22,528
The rebound in precious metals reflects renewed investor interest after recent declines, both in domestic and international markets.
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