Gold and silver prices have shown a slight decline today, as markets respond to varying economic factors. Currently, the rate for 24-carat gold is ₹7783.3 per gram, reflecting a decrease of ₹10. The 22-carat gold price stands at ₹7136.3 per gram, also down by ₹10. Over the last week, the price of 24-carat gold has fallen by 0.04%, and in the past month, it has decreased by 2.93%. Additionally, the price of silver is pegged at ₹100000.0 per kg, which is a drop of ₹100.0.
Gold Price in Major Cities
Gold Price in Delhi
The current gold price in Delhi is ₹77833.0 for 10 grams. This shows an increase from yesterday’s price of ₹77583.0 for 10 grams and is slightly above last week’s price of ₹77613.0.
Gold Price in Chennai
In Chennai, the gold price today is ₹77681.0 for 10 grams. Compared to the previous day’s price of ₹77431.0 and last week’s price of ₹77461.0, it showcases a healthy trend in the local market.
Gold Price in Mumbai
For Mumbai residents, the gold price today is ₹77687.0 for 10 grams, reflecting an increase from yesterday’s rate of ₹77437.0, and slightly higher than last week’s price of ₹77467.0.
Gold Price in Kolkata
In Kolkata, the gold price stands at ₹77685.0 for 10 grams, which is higher than the ₹77435.0 recorded yesterday and last week’s price of ₹77465.0.
Silver Prices Across India
Silver Price in Delhi
Today’s silver price in Delhi is ₹100000.0 per kg, marking a shift from the previous day’s rate of ₹99200.0 per kg and matching last week’s price.
Silver Price in Chennai
Chennai sees silver prices at ₹105600.0 per kg today, an increase from ₹104800.0 yesterday but stable compared to last week’s figure.
Silver Price in Mumbai
In Mumbai, silver is priced at ₹99300.0 per kg today, which is a rise from ₹98500.0 recorded yesterday, with consistency noted in last week’s price.
Silver Price in Kolkata
For Kolkata, the current silver price is ₹100800.0 per kg. This reflects an increase from the ₹100000.0 recorded yesterday and remains stable since last week.
Gold and Silver Futures
As of the latest trading session, the gold futures for February 2025 on the MCX are at ₹76731.0 per 10 grams, marking a decline of 0.057%. On the other hand, silver futures for November 2024 are trading at ₹2596.5 per kg, reflecting a significant decrease of 11.744%. This volatility underlines the dynamic nature of the commodities market and highlights the importance of informed trading decisions.
Factors Influencing Gold and Silver Prices
The fluctuations in gold and silver prices are influenced by a multitude of factors. Key contributors include the global demand for precious metals, currency value fluctuations across countries, prevailing interest rates, and government regulations affecting the gold trade. Additionally, macroeconomic trends and geopolitical events play crucial roles in determining the market prices of gold and silver.
