Rising crude oil prices, developments in the global market, and increasing investor demand are supporting gold and silver prices. While gold prices have fluctuated over the past few days, today saw a slight increase in gold prices in several markets, including the capital Delhi. Silver prices also saw a rise for the second consecutive day, rising by ₹10,100 per kilogram in just two days. A look at the gold price movement over the past few days reveals significant fluctuations in the market. After a one-day decline, the  price of 10 grams of 24-carat gold fell by a total of ₹1,860 over two consecutive days. During the same period, the price of 22-carat gold fell by ₹1,710.

However, gold prices had previously seen a sharp rise. Before a one-day period of stability on August 9th, the price of 10 grams of 24-carat gold had risen by ₹8,350 for four consecutive days. During this same period, the price of 22-carat gold had risen by ₹7,650. Gold prices then fell again on August 10th. That day, 10 grams of 24-carat gold fell by ₹380, and 22-carat gold by ₹350. However, today the market has again seen a buying trend, and the prices of 10 grams of 24-carat and 22-carat gold have risen by ₹10 each in Delhi.

Gold prices in major cities of the country

Gold prices may vary slightly from city to city due to local taxes, demand, supply, jewelry market conditions, and other factors. Therefore, it's important to check the latest rates in your city before buying gold. Find out the prices of 10 grams of 18-carat, 22-carat, and 24-carat purity gold in major cities across the country…

Silver prices also rose

Along with gold, the silver market is also booming. After remaining stable for three consecutive days, silver prices have now increased for the second consecutive day. The special thing is that in the last two days, one kilogram of silver has become costlier by Rs 10,100. This could cause huge losses to customers buying silver. Today, one kilogram of silver has become costlier by Rs 100 in Delhi and its price is Rs 2,55,100 per kilogram. If we talk about other big metro cities, the price of silver is also at the same level in Mumbai and Kolkata. However, the price of one kilogram of silver is highest in Chennai and silver is available there for Rs 2,60,100.

Gaurav Garg, head of research at Lemon Market Desk, says that investors are flocking to gold ahead of the release of US inflation data, which is driving the price higher. Additionally, investment and industrial demand for silver is also strong.