Gold Climbs to ₹93,390! See Today’s Full Price List City-Wise

Gold Climbs to ₹93,390! See Today’s Full Price List City-Wise

Gold and Silver Prices Rise Slightly in India

Gold prices in India increased by ₹10 on Friday morning, with 24-carat gold now selling at ₹93,390 for 10 grams, according to GoodReturns.

Meanwhile, silver also saw a boost of ₹100 per kilogram, now trading at ₹97,100 in most cities.

These small hikes come in the backdrop of a global gold surge, as international investors continue to seek safe-haven assets amid rising U.S.-China tensions and recession worries.

 City-Wise Gold Price Breakdown

Here’s how 24-carat gold (10 grams) is priced across key Indian cities today:

The prices for 22-carat gold, which is commonly used in jewellery, also rose by ₹10 today.

 Silver Prices Across Major Cities

While most cities recorded the same silver price of ₹97,100/kg, Chennai stood out with a significantly higher rate at ₹1,07,100/kg.

 Global Gold Prices Hit Record High!

The jump in domestic prices follows a global surge in gold rates:

• Spot gold was up 1% to $3,205.53 an ounce early Friday.

• It had already touched a new all-time high of $3,217.43 earlier in the day.

• Gold is up more than 5% this week alone — signaling strong global demand.

This spike is being driven by growing recession fears and trade tensions between the U.S. and China, causing investors to flock to gold as a safe asset.

Other Precious Metals Also Rise

It’s not just gold — other precious metals are also seeing upward movement:

• Silver (global spot) gained 0.3% to $31.28 an ounce

• Platinum rose 0.1% to $938.35 an ounce

• Palladium increased 0.8% to $915.75 an ounce

These small gains further indicate growing interest in precious metals as hedges against economic uncertainty.

 Why Are Gold Prices Rising Globally?

1. US-China Trade War Escalation

U.S. President Donald Trump has announced a steep increase in tariffs on Chinese imports, raising duties to 125%. This has created shockwaves in global markets, pushing investors toward gold.

2. Recession Concerns

With rising inflation and potential economic slowdown in the U.S., fears of a global recession are back. In such times, investors traditionally shift their money to gold for safety.

3. Falling Dollar

A weaker U.S. dollar is also boosting gold, as the metal becomes cheaper for buyers using other currencies, increasing global demand.

 What Does This Mean for Indian Investors?

Gold’s recent gains — both domestically and internationally — are signaling a strong bull market for the metal.

If you’re an investor or planning to buy gold jewellery, here are some key takeaways:

 Pros of Buying Gold Now:

• Global prices are rising — momentum may continue

• Safe-haven demand is strong

• Central banks and institutional investors are accumulating gold

• Good hedge against inflation and rupee depreciation

 Cons or Caution Points:

• Prices are near record highs — could be due for a pullback

• Geopolitical tension could ease suddenly, cooling demand

• Domestic demand may dip if prices continue to rise

 Should You Buy Gold or Silver Today?

If you’re a long-term investor, buying small amounts of gold on dips or through Systematic Investment Plans (SIPs) in gold ETFs could be a smart move.

If you’re a jewellery buyer, prices are high right now, so it might be wise to wait for a correction unless you have an urgent purchase planned.

Silver, though cheaper, has also been volatile — and may see more industrial-driven price swings than gold.

Gold continues to shine bright, not just in Indian markets but globally. With rising geopolitical tensions, a weakening dollar, and recession fears, the yellow metal is proving once again why it’s the world’s go-to safe-haven investment.

As global and domestic prices rise, investors should stay updated, watch for corrections, and make informed decisions based on risk appetite and investment goals.