Current Gold and Silver Prices Overview
Today’s precious metals market reflects a modest decline in gold prices along with a significant increase in silver rates. For those invested in these commodities, it’s essential to stay updated on pricing trends and the factors influencing these shifts.
Gold Prices
As of today, the price for 24-carat gold stands at ₹7784.3 per gram, which is a decrease of ₹10.0 from the previous day. Similarly, the rate for 22-carat gold has also declined by ₹10.0, now priced at ₹7137.3 per gram. This trend indicates a slight dip of -0.22% over the past week and a more pronounced decrease of -5.41% in the month leading up to today.
| Gold Type | Price per Gram | Weekly Change | Monthly Change |
|---|---|---|---|
| 24-Carat | ₹7784.3 | -0.22% | -5.41% |
| 22-Carat | ₹7137.3 | -0.14% | -5.05% |
Silver Prices
The price of silver has shown a remarkable increase, currently set at ₹100100.0 per kg, reflecting a gain of ₹2100.0 per kg. This surge in silver pricing is noteworthy and suggests a growing interest in this precious metal.
| Metal | Current Price | Daily Change |
|---|---|---|
| Silver | ₹100100.0/kg | +₹2100.0 |
Price Breakdown by City
The following table summarizes the latest gold and silver prices across major Indian cities, providing a comparative look at regional market variations.
| City | Gold Price (10g) | Silver Price (kg) |
|---|---|---|
| Delhi | ₹77843.0 | ₹100100.0 |
| Chennai | ₹77691.0 | ₹105700.0 |
| Mumbai | ₹77697.0 | ₹99400.0 |
| Kolkata | ₹77695.0 | ₹100900.0 |
Market Influences
The fluctuations in gold and silver prices are driven by a multitude of factors including global demand, currency values, interest rates, and regulations governing the gold trade. Furthermore, geopolitical events, economic stability, and changes in the strength of the US dollar all contribute significantly to the pricing dynamics of these precious metals in the Indian market.
Conclusion
Staying informed about gold and silver prices is crucial for investors and purchasers alike. With today’s slight decline in gold prices alongside a notable rise in silver values, individuals looking to invest in these assets should consider market trends and economic indicators to make informed decisions.
