Gold Price Today in India: Precious metals continued their upward momentum in the domestic market, with gold becoming more expensive for the second consecutive day and silver also extending its gains. After a brief phase of stability earlier this week, prices have once again moved higher, reflecting strong demand and global cues. Here’s a detailed look at today’s gold and silver prices across 10 major Indian cities, along with insights into what could drive prices in the coming days.

Gold prices have shown renewed strength after two days of relative calm. In the national capital Delhi, the price of 24-carat gold rose by ₹10 per 10 grams, while 22-carat gold also became costlier by ₹10. Although the day’s increase appears modest, the broader trend remains bullish.

Over the last two days, 24-carat gold prices have surged by ₹1,980 per 10 grams, while 22-carat gold has gained ₹1,810. This sharp rise indicates strong buying interest, supported by global market movements and long-term investment sentiment.

Silver has mirrored this trend. After remaining flat for a day, silver prices have climbed for two consecutive sessions. In Delhi, silver has become ₹5,100 per kilogram costlier over the past two days, highlighting increasing demand for the white metal as well.

Here are the latest prices of 24-carat, 22-carat, and 18-carat gold across 10 major Indian cities:

• Delhi:

  • 24K: ₹1,36,310

  • 22K: ₹1,24,960

  • 18K: ₹1,02,270

• Mumbai:

  • 24K: ₹1,36,160

  • 22K: ₹1,24,810

  • 18K: ₹1,02,120

• Kolkata:

  • 24K: ₹1,36,160

  • 22K: ₹1,24,810

  • 18K: ₹1,02,120

• Chennai:

  • 24K: ₹1,37,140

  • 22K: ₹1,25,710

  • 18K: ₹1,04,910

• Bengaluru:

  • 24K: ₹1,36,160

  • 22K: ₹1,24,810

  • 18K: ₹1,02,120

• Hyderabad:

  • 24K: ₹1,36,160

  • 22K: ₹1,24,810

  • 18K: ₹1,02,120

• Lucknow:

  • 24K: ₹1,36,310

  • 22K: ₹1,24,960

  • 18K: ₹1,02,270

• Patna:

  • 24K: ₹1,36,210

  • 22K: ₹1,24,860

  • 18K: ₹1,02,170

• Jaipur:

  • 24K: ₹1,36,310

  • 22K: ₹1,24,960

  • 18K: ₹1,02,270

• Ahmedabad:

  • 24K: ₹1,36,210

  • 22K: ₹1,24,860

  • 18K: ₹1,02,170

Among all major cities, Chennai continues to record the highest gold prices, especially for 18-carat purity.

Silver prices have also remained firm. On December 23, silver in Delhi is trading at ₹2,19,100 per kilogram, up by ₹100 from the previous session. Prices in Mumbai and Kolkata are also hovering around the same level.

However, Chennai stands out as the most expensive silver market, where prices have reached ₹2,31,100 per kilogram, making it significantly costlier compared to other metros.

Market experts believe that gold’s long-term outlook remains strong due to global economic uncertainties, inflation concerns, and central bank buying. Renowned American economist and market strategist Ed Yardeni, President of Yardeni Research, has expressed an extremely bullish view on gold.

According to reports, Yardeni believes that gold prices could reach $10,000 per ounce by 2029. Currently, gold on New York’s COMEX is trading near $4,400 per ounce. If this projection materializes, Indian gold prices could rise sharply as well.

Based on this trajectory, analysts estimate that by 2029, gold prices in India could surge by around 127%, potentially crossing ₹3 lakh per 10 grams. Yardeni also emphasized that gold continues to play a crucial role in investment portfolios, noting that historically, major gold rallies often exceed market expectations.

With gold and silver showing sustained strength, investors and buyers should closely track global cues such as US interest rates, inflation data, and geopolitical developments. While short-term fluctuations are possible, the long-term trend for gold remains positive, making it a key asset for hedging and portfolio diversification.

As prices continue to rise, both investors and jewelry buyers may want to plan their purchases strategically in the days ahead.