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

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:

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

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

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

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)

Delhi: ₹6,200 - ₹6,250
Mumbai: ₹6,190 - ₹6,240
Kolkata: ₹6,210 - ₹6,260
Chennai: ₹6,230 - ₹6,280
Bangalore: ₹6,200 - ₹6,250
Hyderabad: ₹6,210 - ₹6,260
Ahmedabad: ₹6,220 - ₹6,270
Pune: ₹6,190 - ₹6,240
Jaipur: ₹6,200 - ₹6,250
Kerala: ₹6,230 - ₹6,280
Punjab: ₹6,210 - ₹6,260
Rajasthan: ₹6,220 - ₹6,270
Uttar Pradesh: ₹6,200 - ₹6,250
Gujarat: ₹6,210 - ₹6,260
Tamil Nadu: ₹6,230 - ₹6,280

Silver Prices (per kilogram)

Delhi: ₹78,000 - ₹78,500
Mumbai: ₹77,800 - ₹78,300
Kolkata: ₹78,100 - ₹78,600
Chennai: ₹78,200 - ₹78,700
Bangalore: ₹78,000 - ₹78,500
Hyderabad: ₹78,100 - ₹78,600
Ahmedabad: ₹78,200 - ₹78,700
Pune: ₹77,800 - ₹78,300
Jaipur: ₹78,000 - ₹78,500
Kerala: ₹78,200 - ₹78,700
Punjab: ₹78,100 - ₹78,600
Rajasthan: ₹78,200 - ₹78,700
Uttar Pradesh: ₹78,000 - ₹78,500
Gujarat: ₹78,100 - ₹78,600
Tamil Nadu: ₹78,200 - ₹78,700

Reasons for Price Variations Across States

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

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

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

Tips for Purchasing Gold and Silver in India

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

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

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

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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