Gold and Silver Prices Today: Gold prices saw a slight decline on Monday. The price of 24 carat gold stands at Rs.7756.3 per gram, down by Rs.10.0. Similarly, the price of 22 carat gold is now Rs.7111.3 per gram, also down by Rs.10.0.
Monitoring the price changes in 24 carat gold over the past week reveals a decrease of -1.67%, while the decline over the last month measures -4.81%.
The cost of silver is currently at Rs.98000.0 per kilogram, experiencing a decrease of Rs.100.0 per kilogram.
Gold Prices Across Major Cities
In Delhi, the Gold Price Today stands at ₹77563.0 for 10 grams. Comparatively, yesterday’s price on 29-09-2024 was ₹77633.0 for 10 grams, and last week’s price on 24-09-2024 was ₹76333.0 for 10 grams.
Similarly, Silver Price Today in Delhi is ₹98000.0 per kilogram. This reflects a decrease from yesterday’s rate on 29-09-2024 at ₹99200.0 per kilogram. The price was ₹96000.0 per kilogram last week on 24-09-2024.
For Chennai, the Gold Price Today is ₹77411.0 for 10 grams. Yesterday’s price on 29-09-2024 was ₹77481.0 for 10 grams, and last week’s price on 24-09-2024 was ₹76181.0 for 10 grams.
In Chennai, the current Silver Price stands at ₹103600.0 per kilogram. Comparing this to yesterday’s rate on 29-09-2024 at ₹104800.0 per kilogram and last week’s price on 24-09-2024 at ₹100600.0 per kilogram.
For Mumbai, today’s Gold Price is ₹77417.0 for 10 grams. Yesterday’s price on 29-09-2024 was ₹77487.0 for 10 grams, and last week’s price on 24-09-2024 was ₹76187.0 for 10 grams.
Furthermore, the current Silver Price in Mumbai is ₹97300.0 per kilogram. This is a decrease from yesterday’s rate on 29-09-2024 at ₹98500.0 per kilogram, and last week’s price on 24-09-2024 at ₹95300.0 per kilogram.
In Kolkata, the Gold Price Today stands at ₹77415.0 for 10 grams. Yesterday’s price on 29-09-2024 was ₹77485.0 for 10 grams, and last week’s price on 24-09-2024 was ₹76185.0 for 10 grams.
Similarly, the Silver Price Today in Kolkata is ₹98800.0 per kilogram. Comparatively, yesterday’s rate on 29-09-2024 was ₹100000.0 per kilogram, and last week’s price on 24-09-2024 was ₹96800.0 per kilogram.
MCX Futures Prices
The Gold November 2024 MCX futures are trading at Rs.780.0 per 10 grams, showcasing an increase of 4.488% at the time of publishing.
On the other hand, the Silver November 2024 MCX futures are trading at Rs.1280.0 per kilogram, indicating an increase of 0.313% at the time of publishing.
Insight into Price Fluctuations
Fluctuations in gold and silver prices are influenced by various factors, including input from esteemed jewelers. These factors encompass global demand for gold, fluctuations in currency values between nations, prevailing interest rates, and governmental regulations related to gold trade. Additionally, global events such as the state of the global economy and the strength of the US dollar against other currencies play a pivotal role in impacting gold prices in the Indian market.
Additional Insight:
Adding insight into the article, it’s important to note that geopolitical tensions, inflation rates, and market speculations also contribute significantly to the volatility in gold and silver prices. Investors often turn to precious metals like gold and silver as a safe-haven during times of uncertainty, leading to price swings based on market sentiment. Additionally, the role of central banks in stockpiling gold reserves can also influence the overall supply and demand dynamics of these precious metals, further affecting their prices.
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