Gold, silver prices surge across India after US Federal Reserve hikes rates

Gold and silver prices are rising gradually after US Federal Chairman Jerome Powell hiked interest rates for the fourth time in 2022. Read this article to know everything about the rising gold and silver rates.

Gold and silver have always remained some of the precious assets to safeguard against inflation. As the US Fed hiked the interest rates to counter inflation, prices got poorly affected. Read this piece to learn about the Gold and Silver price today in your city.

Supply and demand is the main driving factor behind the falling and rising prices of gold and silver. While the precious metal is most expensive in Chennai, Coimbatore and Madurai, one can save some money in Kerala, Hyderabad, Vijayawada, Mumbai, Kolkata, Visakhapatnam and Bhubaneswar.

In metropolitan cities, Kolkata and Mumbai have the least expensive 24-carat gold at Rs 51,380, 22-carat gold at Rs 47,100 and silver at Rs 565 per 10 grams. The market opened at Rs 46,450 for 22-carat gold on Thursday and got closed at Rs 47,100, whereas the 24-carat gold was slightly higher and got closed at Rs 51,380 against its previous close of Rs 50,680. Similarly, silver got locked at Rs 565 per 10 grams against the preceding Rs 546 per 10 grams.

Here is the guide to the prices of gold and silver in different cities of India, based on the “Good returns report”. Check it out now.

Gold and Silver prices in major places (per 10 grams)

City	Gold (22 Carat) Price (Rupees)	Gold (24 Carat) Price (Rupees)	Silver Price (Rupees)
Mumbai	47,100	51,380	565
Delhi	47,250	51,550	565
Kolkata	47,100	51,380	565
Chennai	47,670	52,000	612
Hyderabad	47,100	51,380	612
Bengaluru	47,150	51,440	612
Kerala	47,100	51,380	612
Pune	47,130	51,410	565
Vadodara	47,130	51,410	565
Lucknow	47,250	51,550	565
Jaipur	47,250	51,550	565
Ahmedabad	47,150	51,440	565
Madurai	47,670	52,000	612
Vijaywada	47,100	51,380	612
Coimbatore	47,670	52,000	612
Bhubaneshwar	47,100	51,380	612
Patna	47,130	51,410	565
Nagpur	47,130	51,410	565
Chandigarh	47,250	51,550	565
Surat	47,150	51,440	565
Nashik	47,130	51,410	565
Mysore	47,150	51,440	612
Mangalore	47,150	51,440	612
Vishakhapatnam	47,100	51,380	612

Gold prices in the last 10 days in India (per 10 grams)

City	Gold (22 carats)	Gold (24 carats)	Silver
July 28	47,100	51,380	565
July 27	46,450	50,680	546
July 26	46,580	50,780	545
July 25	46,900	51,160	549
July 24	46,900	51,160	551
July 23	46,900	50,160	551
July 22	46,400	50,620	554
July 21	46,000	50,180	556
July 20	46,400	50,620	559
July 19	46,300	50,510	556