On Sunday, April 19, on the occasion of Akshaya Tritiya, which is traditionally considered one of the most auspicious occasions to buy gold and silver, gold prices remained largely stable in India’s retail market.
Despite the festive rush, gold remains elevated and is trading above Rs 1.5 lakh. The price of 24 carat gold till 1 pm was this much ₹While 22 carat gold remained at Rs 1,54,577 per 10 grams. ₹In the retail market it is priced at Rs 1,41,592 per 10 grams. Meanwhile, the price of silver was ₹₹2,57,369 per kg.
If you are planning to buy jewellery, keep in mind that the final price may be higher, as jewelers usually add making charges, taxes and GST to the base rate.
City-wise gold and silver rates: Here’s how prices were in major cities on April 19
Mumbai
- 24 carat: ₹1,54,731/10 grams
- 22 carat: ₹1,41,734/10 grams
- silver: ₹2,57,626/kg
Delhi
- 24 carat: ₹1,54,577/10 grams
- 22 carat: ₹1,41,592/10 grams
- silver: ₹2,57,369/kg
Bengaluru
- 24 carat: ₹1,54,577/10 grams
- 22 carat: ₹1,41,592/10 grams
- silver: ₹2,57,369/kg
Kolkata
- 24 carat: ₹1,55,813/10 grams
- 22 carat: ₹1,42,725/10 grams
- silver: ₹2,59,427/kg
Hyderabad
- 24 carat: ₹1,54,886/10 grams
- 22 carat: ₹1,41,875/10 grams
- silver: ₹2,57,883/kg
Chennai
- 24 carat: ₹Rs 1,55,968/10 grams
- 22 carat: ₹1,42,866/10 grams
- silver: ₹2,59,685/kg
Festive demand remains strong despite record prices
Despite gold and silver prices being at record highs, demand is expected to remain strong this Akshaya Tritiya. According to the Confederation of All India Traders (CAIT), total trade may exceed ₹Rs 20,000 crore this year – more than last year ₹Rs 16,000 crore, news agency ANI reported.
Praveen Khandelwal, MP from Chandni Chowk and general secretary of CAIT, said, “Akshaya Tritiya has traditionally been one of India’s most auspicious occasions for gold purchases… While gold continues to dominate, the nature of purchasing is changing significantly in response to the steep rise in prices.”
Purchasing patterns change when prices rise
Gold prices have risen sharply all around ₹ ₹Last year around Rs 1 lakh per 10 grams ₹Now 1.58 lakh. Silver has seen even greater gains ₹85,000 per kg approx ₹2.55 lakh per kg.
Rather than slowing demand, the surge is changing the way people shop. Consumers are increasingly opting for lighter jewelery and looking for alternatives such as silver and diamond products.
“There is a clear shift towards lighter, wearable jewellery, along with a greater focus on silver and diamond products. Lower charges and attractive incentives like complimentary gold coins are also helping maintain consumer interest,” ANI quoted CAIT national president BC Bhartia as saying.
