Gold, Silver Prices of 24, 18 & 22-Carat: Cheapest Gold To Buy In These Cities

Gold prices in the retail stores of India have surged by 1.3% each in May month so far. Last week, was historic for precious metals like gold, silver and copper as they touched new all-time highs, however, they could not sustain their upsides. Currently, the cheapest 22K and 24K are Rs 7,244 and Rs 6,640. In silver price, the cheapest price is Rs 91.50 per 1 gram. After crossing the Rs 1,00,000 mark, silver prices in major cities stayed between Rs 91,000 to Rs 96,000.

Gold prices:

Yellow metal has continued to shine in May with gains of 1.3%, however, the upside is at a slower pace compared to April month where it rose by over 4.6%.

22K in 10 grams is at Rs 66,400, while the cheapest gold in this gram to buy is Rs 6,640. Further, 24K of 10 grams is at Rs 72,440, with the cheapest gold to buy at Rs 7,244 in 1 gram. Similarly, 18K of 10 grams is at Rs 54,330, with the cheapest gold among its counterparts, 1 gram in this carat at Rs 5,433. These are the price levels of cities like Mumbai, Kolkata, Bangalore, Hyderabad, and Kerala.

In cities like Chennai, the cheapest gold is at Rs 6,655 in 1 gram of 22K, Rs 7,260 in 24K, and Rs 5,451 in 18K. Also, in the national capital Delhi, the cheapest gold is at Rs 6,655 in 22K of 1 gram, Rs 7,259 in 24K, and Rs 5,445 in 18 K.

Silver prices:

In May, silver prices have outperformed their counterparts with gains of over 10% so far.

In cities like Chennai, Coimbatore, Hyderabad, Kerala, Vijayawada, Bhubaneswar, Vishakhapatnam, Trichy, Tirupati, Tirupur, Trivandrum, Thrissur and Pondicherry among others was around Rs 96,000 in 1Kg. The cheapest silver was in 1 gram, 8 grams, and 10 grams.

While the 10 grams of silver here was between Rs 915 to Rs 960. In metro cities like Mumbai, Delhi and Kolkata, silver was at Rs 91,500 for 1 kg, while for 10 grams the price was at Rs 915. In Bangalore, the price stood at Rs 92,000 for 1 kg with 10 grams being at Rs 920.