On Friday, gold prices saw a slight decline. The price of 24-carat gold fell to Rs. 7,384.6 per gram, down by Rs. 81.2, while 22-carat gold dropped to Rs. 6,764.2 per gram, down by Rs. 74.4. Over the past week, the price of 24-carat gold has decreased by 0.75%, and it has dropped by 0.61% over the last month. Silver prices also fell, with the cost per kilogram dropping by Rs. 1,540 to Rs. 92,860.
Gold and Silver Prices in Major Cities
Delhi:
Gold: Today’s price is Rs. 73,846 per 10 grams, down from Rs. 74,243 yesterday. Last week’s price was Rs. 73,685.
Silver: Today’s price is Rs. 92,860 per kilogram, down from Rs. 93,400 yesterday. Last week’s price was Rs. 89,850.
Chennai:
Gold: Today’s price is Rs. 73,918 per 10 grams, down from Rs. 74,532 yesterday. Last week’s price was Rs. 74,333.
Silver: Today’s price is Rs. 92,770 per kilogram, down from Rs. 93,210 yesterday. Last week’s price was Rs. 89,940.
Mumbai:
Gold: Today’s price is Rs. 73,341 per 10 grams, down from Rs. 74,387 yesterday. Last week’s price was Rs. 73,973.
Silver: Today’s price is Rs. 92,860 per kilogram, down from Rs. 93,400 yesterday. Last week’s price was Rs. 89,850.
Kolkata:
Gold: Today’s price is Rs. 73,918 per 10 grams, up from Rs. 73,520 yesterday. Last week’s price was Rs. 73,901.
Silver: Today’s price is Rs. 92,860 per kilogram, down from Rs. 93,400 yesterday. Last week’s price was Rs. 89,850.
MCX Futures
At the time of publication, the gold October 2024 MCX futures were trading at Rs. 72,437 per 10 grams, down by 0.205%. The silver July 2024 MCX futures were trading at Rs. 92,837 per kilogram, down by 1.366%.
Influencing Factors
Fluctuations in gold and silver prices are influenced by several factors, including input from leading jewelers, global demand for gold, currency value changes, interest rates, and government regulations on gold trade. Additionally, international events, the state of the global economy, and the strength of the US dollar against other currencies significantly impact gold prices in the Indian market.
