Key Takeaways:
- Gold prices saw a slight increase on Sunday, with the cost of 24 carat gold at Rs.7416.6 per gm and 22 carat gold at Rs.6793.6 per gm.
- The price change in 24 carat gold in the last week was 0.17% and in the last month, it was 3.11%.
- The cost of silver is Rs.88010.0 per kg.
- Gold and silver prices in major Indian cities such as Delhi, Chennai, Mumbai, and Kolkata vary slightly.
- The gold August 2024 MCX futures were trading at Rs.71955.0 per 10 gm, while the silver July 2024 MCX futures were trading at Rs.89155.0 per kg at the time of publishing.
- Various factors impact the fluctuations in gold and silver prices, including global demand for gold, currency values, interest rates, government regulations, and global economic conditions.
Gold and Silver Prices Overview:
| City | Gold Price | Silver Price |
|---|---|---|
| Delhi | Rs.74166.0/10 grams | Rs.88010.0/kg |
| Chennai | Rs.73663.0/10 grams | Rs.88010.0/kg |
| Mumbai | Rs.74166.0/10 grams | Rs.88010.0/kg |
| Kolkata | Rs.73016.0/10 grams | Rs.88010.0/kg |
FAQs:
1. What factors contribute to the fluctuations in gold and silver prices?
Fluctuations in gold and silver prices are influenced by factors such as global demand, currency values, interest rates, government regulations, and economic conditions.
2. How do the prices of gold and silver differ in major Indian cities?
Gold and silver prices vary slightly across cities like Delhi, Chennai, Mumbai, and Kolkata due to local market conditions and demand.
3. What were the trading values of gold and silver futures at the time of publishing?
At the time of publishing, the gold August 2024 MCX futures were trading at Rs.71955.0 per 10 gm, and the silver July 2024 MCX futures were trading at Rs.89155.0 per kg.
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