"Shocking! Gold and Silver Rates in Your State Are Higher/Lower Than You Think!"

Today’s Gold and Silver Prices in India – State-wise Analysis

Gold and Silver


Gold and silver have always been more than precious metals in India; they are deeply embedded in the country’s culture, traditions, and economy. From weddings to festivals and investments, these metals play a significant role in the lives of millions. However, their prices are not static and can vary across different states due to various factors. In this blog, we’ll explore India's current gold and silver prices, providing a detailed state-wise breakdown to keep you informed.



Factors Influencing Gold and Silver Prices in India

The prices of gold and silver in India are determined by a combination of global and local factors, including:


  1. International Market Trends: Global demand and supply, geopolitical events, and economic conditions impact prices.


  1. Currency Exchange Rates: Since gold and silver are traded in US dollars, fluctuations in the INR-USD exchange rate affect domestic prices.


  1. Taxes and Duties: Each state imposes its own taxes, such as GST, which can cause price variations.


  1. Local Demand: Seasonal demand during festivals, weddings, or other cultural events can drive prices up or down.



Today’s Gold and Silver Prices in India (State-wise)

Here’s a state-wise overview of the current gold and silver prices. Please note that these prices are approximate and may vary slightly depending on the city and jeweler.


Gold Prices (24 Karat per 10 grams)


  1. Delhi: ₹6,200 - ₹6,250

  2. Mumbai: ₹6,190 - ₹6,240

  3. Kolkata: ₹6,210 - ₹6,260

  4. Chennai: ₹6,230 - ₹6,280

  5. Bangalore: ₹6,200 - ₹6,250

  6. Hyderabad: ₹6,210 - ₹6,260

  7. Ahmedabad: ₹6,220 - ₹6,270

  8. Pune: ₹6,190 - ₹6,240

  9. Jaipur: ₹6,200 - ₹6,250

  10. Kerala: ₹6,230 - ₹6,280

  11. Punjab: ₹6,210 - ₹6,260

  12. Rajasthan: ₹6,220 - ₹6,270

  13. Uttar Pradesh: ₹6,200 - ₹6,250

  14. Gujarat: ₹6,210 - ₹6,260

  15. Tamil Nadu: ₹6,230 - ₹6,280


Silver Prices (per kilogram)


  1. Delhi: ₹78,000 - ₹78,500

  2. Mumbai: ₹77,800 - ₹78,300

  3. Kolkata: ₹78,100 - ₹78,600

  4. Chennai: ₹78,200 - ₹78,700

  5. Bangalore: ₹78,000 - ₹78,500

  6. Hyderabad: ₹78,100 - ₹78,600

  7. Ahmedabad: ₹78,200 - ₹78,700

  8. Pune: ₹77,800 - ₹78,300

  9. Jaipur: ₹78,000 - ₹78,500

  10. Kerala: ₹78,200 - ₹78,700

  11. Punjab: ₹78,100 - ₹78,600

  12. Rajasthan: ₹78,200 - ₹78,700

  13. Uttar Pradesh: ₹78,000 - ₹78,500

  14. Gujarat: ₹78,100 - ₹78,600

  15. Tamil Nadu: ₹78,200 - ₹78,700



Reasons for Price Variations Across States


  1. State Taxes: States like Tamil Nadu and Kerala often have slightly higher prices due to additional state-level taxes.


  1. Transportation Costs: Landlocked states such as Rajasthan may experience slightly higher prices due to logistics and transportation expenses.


  1. Local Demand: Prices can rise in states with high demand during festive seasons or wedding periods.



Tips for Purchasing Gold and Silver in India


  1. Compare Prices: Always check prices from multiple jewelers and online platforms to get the best deal.


  1. Verify Purity: Ensure the gold you purchase has a BIS (Bureau of Indian Standards) hallmark for authenticity.


  1. Timing Matters: Consider buying during off-peak seasons when demand is lower to secure better prices.


  1. Explore Digital Options: For hassle-free investments, look into digital gold or gold ETFs.



Conclusion


Gold and silver prices in India are influenced by a mix of global trends and local factors, leading to variations across states. Whether you’re buying for a special occasion or as an investment, staying updated with the latest prices is essential. By understanding the factors that influence these prices, you can make more informed decisions.

If you found this information helpful, let us know in the comments! We’d love to hear your thoughts or provide daily updates on gold and silver prices in your state.



Disclaimer: The prices mentioned above are indicative and subject to change. Always verify with local jewelers or trusted sources before making any purchases.



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