Key Takeaways
- Gold prices saw a slight decrease on Monday.
- 24 carat gold is priced at Rs.7356.7 per gram.
- Cost of 22 carat gold is Rs.6738.7 per gram.
- The price change of 24 carat gold in the last week was -1.06%.
- Cost of silver is Rs.90720.0 per kilogram.
- Gold and silver MCX futures were trading at Rs.70951.0 per 10 grams and Rs.93322.0 per kg respectively.
- Factors influencing gold and silver prices include demand, currency values, interest rates, and government regulations.
Gold and Silver Prices Today
Gold prices experienced a minor decline on Monday. Currently, 24 carat gold is priced at Rs.7356.7 per gram, marking a decrease of Rs.431.0. Additionally, 22 carat gold is priced at Rs.6738.7 per gram, down by Rs.395.0.
Gold Price in Different Cities
| City | Today’s Gold Price (per 10 grams) | Yesterday’s Gold Price (per 10 grams) | Last Week’s Gold Price (per 10 grams) |
|---|---|---|---|
| Delhi | ₹73567.0 | ₹74286.0 | ₹73499.0 |
| Chennai | ₹74214.0 | ₹73567.0 | ₹73427.0 |
| Mumbai | ₹74286.0 | ₹73998.0 | ₹73283.0 |
| Kolkata | ₹74214.0 | ₹73855.0 | ₹73929.0 |
Silver Prices in Different Cities
| City | Today’s Silver Price (per kg) | Yesterday’s Silver Price (per kg) | Last Week’s Silver Price (per kg) |
|---|---|---|---|
| Delhi | ₹90720.0 | ₹90720.0 | ₹90400.0 |
| Chennai | ₹90720.0 | ₹90720.0 | ₹90490.0 |
| Mumbai | ₹90720.0 | ₹90720.0 | ₹90400.0 |
| Kolkata | ₹90720.0 | ₹90720.0 | ₹90400.0 |
Factors Influencing Gold and Silver Prices
Gold and silver prices are influenced by various factors including demand, currency values, interest rates, and government regulations. Global economic conditions and the strength of the US dollar against other currencies also impact the prices in the Indian market.
FAQs
1. Why did gold prices see a decrease today?
Gold prices experienced a slight decrease due to fluctuations in demand and other market factors.
2. How do currency values affect gold prices?
Currency values impact gold prices as a stronger currency can make gold more expensive for buyers using weaker currencies.
3. What are MCX futures and why are they important?
MCX futures are exchange-traded contracts representing a certain amount of gold or silver to be delivered at a future date. They provide insights into market expectations and trends in precious metals.
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