Current Trends in Gold and Silver Prices
Gold and silver prices are essential indicators of market health and economic stability. As of today, gold prices have experienced a slight decline, while silver remains relatively stable. Understanding the factors that influence these prices can provide valuable insights for investors and consumers alike.
Gold Price Overview
Today, the price of 24-carat gold is Rs. 7707.3 per gram, reflecting a decrease of Rs. 330.0. The price for 22-carat gold is slightly lower at Rs. 7066.3 per gram, which is down by Rs. 300.0. Such fluctuations are not uncommon in the precious metals market, as they are affected by various global and local factors.
Recent Price Changes
In the past week, 24-carat gold has seen a marginal decline of -0.46%, while over the past month, it has dropped by -5.5%. This trend is indicative of the current economic climate and consumer sentiment towards gold as an investment.
Current Silver Prices
As of today, silver prices stand at Rs. 98000.0 per kilogram. This price has remained stable compared to the previous days, where the silver rate recorded yesterday was also Rs. 98000.0 per kilogram.
Regional Gold Prices
| City | Gold Price (10 grams) | Price Change from Yesterday |
|---|---|---|
| Delhi | ₹ 77073.0 | Down ₹ 490.0 |
| Chennai | ₹ 76921.0 | Down ₹ 490.0 |
| Mumbai | ₹ 76927.0 | Down ₹ 490.0 |
| Kolkata | ₹ 76925.0 | Down ₹ 490.0 |
Regional Silver Prices
| City | Silver Price (per kilogram) | Price Change from Yesterday |
|---|---|---|
| Delhi | ₹ 98000.0 | No Change |
| Chennai | ₹ 103600.0 | No Change |
| Mumbai | ₹ 97300.0 | No Change |
| Kolkata | ₹ 98800.0 | No Change |
Futures Market Update
As of the latest updates, gold MCX futures for February 2025 are trading at Rs. 76822.0 per 10 grams, showing a 1.044% increase. Meanwhile, silver May 2025 MCX futures are trading at Rs. 95269.0 per kilogram, marking a 0.535% increase.
Factors Affecting Gold and Silver Prices
Prices of gold and silver are influenced by a myriad of factors including global demand, currency fluctuations, interest rates, and government regulations. The state of the global economy and the strength of the US dollar also play significant roles in determining precious metal prices in the Indian market.
Investors and consumers should stay informed about these changes as they can significantly impact purchasing decisions and investment strategies in the precious metals market.
