Silver crosses ₹4,00,000 for the first time, gold also sees a jump, price per 10 grams skyrockets

Experts believe that the electric vehicle, solar energy, semiconductor and electronics industries are expected to drive silver demand growth by 15-20% between 2025-2030.

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On Thursday, gold and silver broke all previous records in the futures market. At 10:24 am on the Multi Commodity Exchange (MCX), silver crossed the Rs 4 lakh mark for the first time with a massive jump of 6 percent compared to the previous session. At the same time, the price reached Rs 4,08,481 per kilogram. Similarly, gold also reached Rs 1,79,001 per 10 grams with a bumper jump of 7.89 percent compared to the previous session. The impact of the rising price is also being seen in the retail market.

Gold prices today in major cities of the country

• Gold prices varied slightly across major cities today. In the capital, Delhi, 24-carat gold was trading at ₹17,900 per gram, while 22-carat gold was priced at ₹16,410 per gram. Meanwhile, 18-carat gold was selling at ₹13,429 per gram.
• The price of 24-carat gold in Mumbai today was ₹17,885 per gram. 22-carat gold was available here at ₹16,395 per gram, while 18-carat gold was recorded at ₹13,414 per gram.
• Gold prices in Kolkata remained similar to Mumbai, with 24-carat gold trading at ₹17,885 per gram, 22-carat gold at ₹16,395 per gram and 18-carat gold at ₹13,414 per gram.
• Gold prices remained relatively high in Chennai, a major southern Indian city, with 24-carat gold selling at ₹18,328 per gram, 22-carat gold at ₹16,800 per gram, and 18-carat gold at ₹13,900 per gram.
• Today in Bengaluru, the price of 24 carat gold was Rs 17,885 per gram, while 22 carat gold was trading at Rs 16,395 per gram and 18 carat gold was trading at Rs 13,414 per gram.

Gold sets new record in global market

Gold prices hit a new record high on Thursday, surpassing the $5,500 per ounce mark to reach an all-time high. The continued weakness in the US dollar and growing global economic and geopolitical uncertainties further fueled demand for gold as a safe-haven investment. The market rally further accelerated when US President Donald Trump downplayed the dollar’s slide to a four-year low. His stance indicated that the administration was not concerned about the currency’s weakness, even as tariff tensions persisted and criticism of the Federal Reserve’s independence resurfaced.

Meanwhile, the Federal Reserve, in line with expectations, kept interest rates unchanged. The central bank pointed to signs of strengthening economic activity and early improvement in the labor market, but also expressed caution about high inflation and an uncertain future. Two Fed policymakers voted in favor of an immediate rate cut, leaving open the possibility of monetary policy easing later this year.

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