Precious metals witnessed an upward movement across domestic trading desks in India, sending both gold and silver higher across all major purities and weight segments. The advance brought visible price bumps to 24-karat, 22-karat, and 18-karat gold benchmarks, while silver sustained its upward trajectory for the second consecutive trading session. Physical jewelry buyers and bullion traders adjusted their tallies to reflect the higher quotes across retail counters.
24-Karat Gold Gains Ground Across All Weights
Benchmark 24-karat gold recorded a daily increase of Rs 142 per gram, lifting its trading level to Rs 15,584 per gram. Accumulations at the retail level saw corresponding upward adjustments: an 8-gram unit of pure gold is now marked at Rs 1,24,672, whereas the widely tracked 10-gram metric climbed to Rs 1,55,840. For commercial participants and large investors tracking bulk purchases, 100 grams of 24-karat gold advanced to Rs 15,58,400, reflecting a single-day gain of Rs 14,200 compared to the preceding valuation.
Jewelry Benchmark 22-Karat Rises Rs 130 Per Gram
Consumer-facing 22-karat gold, which constitutes the bulk of consumer jewelry fabrications across India, advanced Rs 130 per gram over its previous session to settle at Rs 14,285 per gram. Buying 8 grams in this hallmark grade now requires an outlay of Rs 1,14,280, while standard 10-gram purchases are priced at Rs 1,42,850. Bulk buyers assessing 100-gram transactions face an updated price point of Rs 14,28,500, which reflects an outright climb of Rs 13,000 relative to previous benchmarks.
18-Karat Rates Reflect Consistent Bullion Lift
Lighter jewelry and contemporary ornaments cast in 18-karat gold mirrored the prevailing market momentum. The price of 18-karat gold advanced by Rs 106 to settle at Rs 11,688 per gram. Following this bump, the price for an 8-gram quantity moved to Rs 93,504, while 10 grams reached Rs 1,16,880. For purchasers transacting in 100-gram lots, the updated rate settled at Rs 11,68,800, representing an increase of Rs 10,600 from the level posted prior to the move.
Silver Sustains Uptrend to Hit Rs 2,55,000 Per Kilogram
Silver maintained its climb in India for a second back-to-back session, logging a Rs 5 gain per gram to reach Rs 255 per gram. Retail transactions across smaller denominations adjusted accordingly, with an 8-gram purchase rising by Rs 40 to Rs 2,040 and a 10-gram token moving up by Rs 50 to Rs 2,550. In higher denominations, 100 grams of silver jumped Rs 500 to sit at Rs 25,500. On the wholesale scale, industrial and bullion buyers saw the price of 1 kilogram advance by Rs 5,000, rising from Rs 2,50,000 previously to Rs 2,55,000.
Market Analysis and Global Technical Triggers
Analyzing the broader charts and support thresholds across the international market, Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd. and President of IBJA, highlighted the chart structures steering the precious metals complex. Prithviraj Kothari noted, "Gold faces key support near $4,275 and resistance around $4,430-4,500, with a break lower opening the path to $4,150. Silver's Head and Shoulders pattern puts $62.5 support in focus - a breakdown could send prices toward $60 and $57, while $67 caps near-term gains." These technical pivots will dictate whether the current rally encounters ceiling barriers or continues its upward march.
