As of December 24, 2024, gold and silver prices in India have shown stability, with slight fluctuations noted in recent days. Here’s a detailed look at the current rates across major cities.
Current Gold Rates
- 24-Carat Gold: The price for 10 grams of 24-carat gold is ₹77,613 in Delhi, reflecting no change from the previous day. The price per gram stands at ₹7,761.3.
- 22-Carat Gold: The rate for 22-carat gold is ₹71,163 per gram.
Recent Price Trends
Over the past week, the price of 24-carat gold has seen a decrease of approximately 0.72%, while over the last month, it has risen by 2.81%. This indicates a relatively stable market with minor fluctuations.
Current Silver Prices
- Silver Rate: The price of silver today is ₹94,400 per kilogram in Delhi, experiencing a decrease of ₹100 from the previous day’s rate.
Gold and Silver Prices in Major Indian Cities
| City | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
|---|---|---|---|
| Delhi | ₹71,163 | ₹77,613 | ₹94,400 |
| Mumbai | ₹77,440 | ₹77,130 | ₹88,910 |
| Chennai | ₹76,350 | ₹76,350 | ₹101,500 |
| Kolkata | ₹76,030 | ₹76,030 | ₹88,800 |
| Bangalore | ₹77,455 | ₹77,455 | ₹93,400 |
Insights into Market Fluctuations
The prices of gold and silver are influenced by various factors including:
- Global Demand: The worldwide demand for these precious metals plays a crucial role in determining their prices.
- Currency Fluctuations: Changes in currency values, especially the US dollar’s strength against other currencies.
- Interest Rates: Higher interest rates can negatively impact gold and silver as investment options since they do not yield interest.
- Government Regulations: Policies regarding gold and silver trade can also affect market prices.
- World Events: Economic conditions and geopolitical events can lead to increased demand for safe-haven assets like gold and silver.
Conclusion
As we approach the end of December and the holiday season begins, market participation may decline. Analysts suggest that gold prices are expected to remain within a range due to mixed global cues. Investors should stay informed about market trends and fluctuations as they consider their purchases.
Disclaimer: The rates mentioned are subject to change based on market conditions and may vary across different dealers.
