Current Trends in Gold and Silver Prices
As of today, the precious metals market has witnessed some fluctuations in gold and silver prices. On Saturday, gold prices saw a slight uptick, with 24-carat gold priced at Rs. 7785.3 per gram, marking an increase of Rs. 120.0 from the previous levels. Similarly, the price for 22-carat gold has risen to Rs. 7138.3 per gram, with an increase of Rs. 110.0. Despite this recent increase, the price of 24-carat gold has seen a minor decline of 0.08% over the past week and a substantial drop of 5.29% in the last month. In contrast, silver is priced at Rs. 98,000.0 per kilogram, reflecting a decrease of Rs. 100.0 per kg.
Gold Prices Across Major Indian Cities
Gold Price in Delhi
The Gold Price Today in Delhi stands at ₹77853.0 for 10 grams. In comparison, the previous day’s price on 04-10-2024 was ₹77633.0, while last week’s price on 29-09-2024 was ₹77573.0. This shows a consistent upward trend in the short term.
Gold Price in Chennai
In Chennai, the Gold Price Today is ₹77701.0 per 10 grams. Notably, the price yesterday was ₹77481.0, and last week, it was ₹77421.0, indicating a growing market awareness.
Gold Price in Mumbai
The Gold Price Today in Mumbai is set at ₹77707.0 per 10 grams. This reflects a slight increase from yesterday’s ₹77487.0 and last week’s ₹77427.0.
Gold Price in Kolkata
In Kolkata, current Gold Prices are reported at ₹77705.0 for 10 grams. The previous day’s price was ₹77485.0, and last week’s was ₹77425.0.
Silver Prices Overview
Silver Price in Delhi
The Silver Price Today in Delhi is ₹98000.0 per kg. Interestingly, yesterday’s price remained stable at ₹98000.0, while last week saw a slight decline from ₹98100.0.
Silver Price in Chennai
In Chennai, the Silver Price Today is ₹103600.0 per kg; the same rate as recorded yesterday and a decrease from last week’s ₹103700.0.
Silver Price in Mumbai
The current Silver Price Today in Mumbai is ₹97300.0 per kg, the same as the previous day but down from ₹97400.0 last week.
Silver Price in Kolkata
In Kolkata, the Silver Price Today is ₹98800.0 per kg, which is consistent with the previous day’s price and down from ₹98900.0 last week.
Futures Market Insights
The futures market also reflects some interesting trends. The gold December 2024 MCX futures are currently trading at Rs. 76169.0 per 10 gm, showing a slight decline of 0.098%. Meanwhile, the silver November 2024 MCX futures are trading at Rs. 7683.0 per kg, indicating a significant increase of 10.858%. This divergence in futures highlights the contrasting sentiments in the gold and silver markets.
Factors Influencing Prices
Market fluctuations in gold and silver prices are influenced by a multitude of factors, including shifts in global demand, currency valuations, interest rates, and regulatory changes affecting the jewelry industry. Additionally, broader economic conditions and the strength of the US dollar can exert significant influence on precious metal prices in India.
| City | Gold Price (10 grams) | Silver Price (Kg) |
|---|---|---|
| Delhi | ₹77853.0 | ₹98000.0 |
| Chennai | ₹77701.0 | ₹103600.0 |
| Mumbai | ₹77707.0 | ₹97300.0 |
| Kolkata | ₹77705.0 | ₹98800.0 |
