The gold and silver markets in Indore, Patna, and Delhi are experiencing a noticeable slowdown following the wedding season. With the end of this festive period, the prices of these precious metals have stabilized, leading to a sense of stagnation in the market. Investors and customers alike are showing reduced buying activity, which has contributed to the steady prices of both gold and silver.
Gold and Silver Prices in Major Cities
Here’s a breakdown of the current prices in key markets:
Indore:
Gold (Cadbury): ₹87,700 per 10 grams
Silver (Chaurasa): ₹97,500 per kilogram
Ujjain:
Gold (Cadbury): ₹87,800 per 10 grams
Gold (Rawa): ₹87,700 per 10 grams
Silver (Paat): ₹97,700 per kilogram
Silver (Tanch): ₹97,600 per kilogram
Patna:
Gold (Cadbury): ₹87,600 per 10 grams
Gold (Rawa): ₹87,500 per 10 grams
Silver (Paat): ₹97,400 per kilogram
Silver (Tanch): ₹97,300 per kilogram
Delhi:
Gold (Cadbury): ₹87,900 per 10 grams
Gold (Rawa): ₹87,800 per 10 grams
Silver (Paat): ₹97,800 per kilogram
Silver (Tanch): ₹97,700 per kilogram
International Market Insights
In the international market, precious metal prices have also shown limited fluctuations. Here are the latest updates:
Gold Futures: Trading at $2,912 per ounce
Silver Futures: Priced at $32.55 per ounce
Gold Price Range: Upper level at $2,918 and lower level at $2,896
Silver Price Range: Upper level at $32.65 and lower level at $32.19
Additionally, the People’s Bank of China has continued its gold purchases for the fourth consecutive month in February, increasing its total gold reserves to 73.61 million fine troy ounces. This trend indicates a strong demand for gold, which could influence future market dynamics.
