While the yellow metal continued to incline in the commodity market, the prices of gold in Mumbai also observed a decent hike. The yellow metal in Mumbai on Saturday has been priced at Rs 1,40,170 for 10 grams of 24-carat gold
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Gold prices extended their winning streak for the fourth straight session this week, hitting fresh record highs in both domestic and global markets as investors continued to rush towards safe-haven assets amid expectations of US interest rate cuts and rising geopolitical tensions.
While the yellow metal continued to incline in the commodity market, the prices of gold in Mumbai also observed a decent hike. The yellow metal in Mumbai on Saturday has been priced at Rs 1,40,170 for 10 grams of 24-carat gold.
As reported by news agency IANS, gold on the Multi Commodity Exchange (MCX) in February option chain climbed another 1 per cent to a new all-time high of Rs 1,39,550 per 10 grams, moving closer to the Rs 1.4 lakh mark.
This price inclination marked the fourth consecutive day of record highs for gold. Prices have risen about 10 per cent so far this month and are up a massive 81 per cent in 2025.
Gold Prices in Mumbai
The prices of gold in Mumbai experienced a decent incline during the Christmas and New Year. With prices crossing Rs 1.40 lakh mark, the demand for the yellow metal is still on rise. On Saturday, 24-carat gold in Mumbai was priced at Rs 1,40,170 for 10 grams. Whereas, the price of 22-carat gold was recorded at Rs. 1,28,500.
Gold prices in Delhi
The national capital also experienced a decent hike in gold prices since last week. The price of 24-carat gold in Delhi was recorded at Rs 1,40,310 for 10 grams. Whereas the 22-carat gold in Delhi was priced at Rs 1,28,640 for 10 grams.
Silver prices
Along with gold, silver prices also remained on a strong upward path. March silver futures on MCX surged by Rs 11,457 per kilogram, or 5.1 per cent, to touch a historic high of Rs 2,35,247, reported IANS.
With this move, silver’s gains for the year have climbed to an impressive 167 per cent.
The rally was equally strong in international markets. Spot gold rose to a fresh record high of USD4,530.60 per ounce, while spot silver crossed the USD75 per ounce mark for the first time, hitting USD75.64.
Other precious metals joined the rally as well. Spot platinum jumped 9.3 per cent to USD 2,465.20 per ounce after touching an all-time high earlier in the session.
All major precious metals are headed for weekly gains, with platinum posting its strongest weekly rise on record.
Analysts say platinum and palladium, which are widely used in automotive catalytic converters, have surged due to tight supply conditions, uncertainty around tariffs, and some investment demand shifting away from gold.
(With inputs from IANS)
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