Gold and Silver Prices Show Minor Decline Today
Gold and silver prices experienced a slight decrease today, with the cost of 24 carat gold at Rs.7289.0 per gram, marking a decline of Rs.1030.0. The price of 22 carat gold is Rs.6879.0 per gram, down by Rs.70.0. The weekly change in 24 carat gold stands at 0.09%, while the monthly change is recorded at -1.61%. Simultaneously, the price of silver is Rs.86500.0 per kilogram, reflecting an increase of Rs.1500.0 per kilogram.
Gold and Silver Prices in Different Cities
### Gold Price in Delhi
The current gold price in Delhi is Rs.72890.0 for 10 grams. The price on the previous day was Rs.73460.0 for 10 grams, and last week’s price was Rs.73528.0 for 10 grams.
### Silver Price in Delhi
The current silver price in Delhi is Rs.86500.0 per kilogram. The rate from the previous day was Rs.87000.0 per kilogram, while last week’s price was Rs.83140.0 per kilogram.
### Gold Price in Chennai
The current gold price in Chennai is Rs.72220.0 for 10 grams. The price from the previous day was Rs.73310.0 for 10 grams, and last week’s price was Rs.73888.0 for 10 grams.
### Silver Price in Chennai
The current silver price in Chennai is Rs.91500.0 per kilogram. The rate from the previous day was Rs.92000.0 per kilogram, and last week’s price was Rs.83140.0 per kilogram.
### Gold Price in Mumbai
The current gold price in Mumbai is Rs.73100.0 for 10 grams. The price from the previous day was Rs.73310.0 for 10 grams, and last week’s price was Rs.73384.0 for 10 grams.
### Silver Price in Mumbai
The current silver price in Mumbai is Rs.86500.0 per kilogram. The rate from the previous day was Rs.87000.0 per kilogram, while last week’s price was Rs.83140.0 per kilogram.
### Gold Price in Kolkata
The current gold price in Kolkata is Rs.74510.0 for 10 grams. The price from the previous day was Rs.73310.0 for 10 grams, and last week’s price was Rs.73025.0 for 10 grams.
### Silver Price in Kolkata
The current silver price in Kolkata is Rs.86500.0 per kilogram. The rate from the previous day was Rs.87000.0 per kilogram, and last week’s price was Rs.83140.0 per kilogram.
Insight into Futures Market
As for the futures market, the gold September 2024 MCX futures were trading at Rs.716.0 per 10 grams, indicating a decrease of 6.953% at the time of publishing. Furthermore, the silver November 2024 MCX futures were trading at Rs.4700.0 per kilogram, reflecting an increase of 5.665% at the time of publishing.
Factors Influencing Price Fluctuations
Fluctuations in gold and silver prices are influenced by various factors, including insights from reputable jewelers. Elements such as global demand for gold, fluctuations in currency values among nations, prevailing interest rates, and government regulations regarding the gold trade all play a role in these variations. Additionally, global events, such as the state of the global economy and the strength of the US dollar against other currencies, significantly impact gold prices in the Indian market.
