Gold prices in India experience a slight decrease
Gold prices in India experienced a minor decline on Monday, with the cost of 24 carat gold at Rs.8045.3 per gm, down by Rs.10.0, and the cost of 22 carat gold at Rs.7376.3 per gm, also down by Rs.10.0. The price change in 24 carat gold over the past week has been 0.08%, while in the last month it has decreased by 2.75%. Additionally, the cost of silver is currently Rs.101000.0 per kg, down by Rs.100.0 per kg.
Insight into Gold Prices in Different Cities
– Gold Price in Delhi: The Gold Price Today in Delhi is Rs.80453.0/10 grams, showing a slight increase from yesterday’s price of Rs.79763.0/10 grams.
– Silver Price in Delhi: The Silver Price Today in Delhi is Rs.101000.0/Kg, remaining unchanged from yesterday’s rate.
– Gold Price in Chennai: The Gold Price Today in Chennai is Rs.80301.0/10 grams, slightly higher compared to yesterday’s price.
– Silver Price in Chennai: The Silver Price Today in Chennai is Rs.109600.0/Kg, showing a decrease from last week’s rate.
– Gold Price in Mumbai: The Gold Price Today in Mumbai is Rs.80307.0/10 grams, slightly higher than yesterday’s price.
– Silver Price in Mumbai: The Silver Price Today in Mumbai is Rs.100300.0/Kg, remaining constant compared to the previous day.
– Gold Price in Kolkata: The Gold Price Today in Kolkata is Rs.80305.0/10 grams, showing a slight increase from yesterday’s price.
– Silver Price in Kolkata: The Silver Price Today in Kolkata is Rs.101800.0/Kg, maintaining the same rate as yesterday.
Insight into MCX Futures
The gold February 2025 MCX futures were trading at Rs.78634.0 per 10 gm, reflecting a decrease of 0.501% at the time of publishing. Similarly, the silver December 2024 MCX futures were trading at Rs.96216.0 per kg, down by 0.945% at the time of publishing.
Factors Influencing Gold and Silver Prices
Fluctuations in Gold and Silver prices are influenced by a range of factors, including insights from reputable jewelers. Elements such as global demand for gold, variations in currency values among nations, prevailing interest rates, and government regulations pertaining to gold trade all contribute to these changes. Additionally, global events, such as the state of the world economy and the strength of the US dollar against other currencies, also play a significant role in influencing gold prices in the Indian market.
