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Today’s Gold and Silver Prices on 18-05-2024: Find the Latest Rates in Your City

kent-jackson by kent-jackson
May 18, 2024
in News
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Today’s Gold and Silver Prices on 18-05-2024: Find the Latest Rates in Your City
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Gold And Silver Prices Today: Gold prices saw a slight increase on Saturday. The cost of 24-carat gold is Rs.7573.1 per gm, up by Rs.604.0. The cost of 22-carat gold is Rs.6937.0 per gm, up by Rs.554.0. The price change in 24-carat gold in the last week has been -0.19%, whereas in the last month it has been 0.65%.

The cost of silver is Rs.86460.0 per kg, up by Rs.60.0 per kg.

Gold Price in Delhi

Gold Price Today in Delhi is ₹75731.0/10 grams. Yesterday’s Gold Price on 17-05-2024 was ₹74247.0/10 grams, and last week’s gold price on 12-05-2024 was ₹74103.0/10 grams.

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Silver Price in Delhi

Silver Price Today in Delhi is ₹86460.0/Kg. Yesterday’s Silver rate on 17-05-2024 was ₹84760.0/Kg, and last week’s silver price on 12-05-2024 was ₹84470.0/Kg.

The gold June 2024 MCX futures were trading at Rs.73750.0 per 10 gm, up by 0.053% at the time of publishing. The silver July 2024 MCX futures were trading at Rs.91149.0 per kg, up by 0.137% at the time of publishing.

Fluctuations in Gold and Silver prices are impacted by a range of elements, among them the input from respected jewelers. Elements such as the worldwide desire for gold, variations in currency values between countries, current interest rates, and government rules regarding the gold trade all play a role in these changes. Furthermore, worldwide occurrences such as the state of the global economy and the potency of the US dollar against other currencies also exert influence on gold prices in the Indian market.

Factors Influencing Gold and Silver Prices

Market analysts suggest that geopolitical tensions, inflation rates, and industrial demand also significantly impact the fluctuations in gold and silver prices. As investors turn to precious metals as safe-haven assets during times of uncertainty, the demand for gold and silver tends to rise, driving prices up. Additionally, the mining and production costs, as well as government policies related to precious metal trading, can contribute to the volatility witnessed in these markets.

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