Key Takeaways:
- Gold prices saw a minor increase on Saturday, with 24 carat gold at Rs.7785.3 per gm and 22 carat gold at Rs.7138.3 per gm.
- Silver prices experienced a decline, currently at Rs.98000.0 per kg.
- Gold and silver prices in major Indian cities like Delhi, Chennai, Mumbai, and Kolkata have been provided for easy reference.
- MCX futures for gold and silver indicate fluctuations in the prices of these metals.
- Various factors such as global demand, currency values, interest rates, and government regulations impact gold and silver price changes.
Gold Price in Delhi
| Date | Price (₹/10 grams) |
|---|---|
| 04-10-2024 | 77853.0 |
| Previous Day | 77633.0 |
| Last Week | 77573.0 |
Silver Price in Delhi
| Date | Price (₹/Kg) |
|---|---|
| 04-10-2024 | 98000.0 |
| Previous Day | 98000.0 |
| Last Week | 98100.0 |
Gold Price in Chennai
| Date | Price (₹/10 grams) |
|---|---|
| 04-10-2024 | 77701.0 |
| Previous Day | 77481.0 |
| Last Week | 77421.0 |
Silver Price in Chennai
| Date | Price (₹/Kg) |
|---|---|
| 04-10-2024 | 103600.0 |
| Previous Day | 103600.0 |
| Last Week | 103700.0 |
Gold Price in Mumbai
| Date | Price (₹/10 grams) |
|---|---|
| 04-10-2024 | 77707.0 |
| Previous Day | 77487.0 |
| Last Week | 77427.0 |
Silver Price in Mumbai
| Date | Price (₹/Kg) |
|---|---|
| 04-10-2024 | 97300.0 |
| Previous Day | 97300.0 |
| Last Week | 97400.0 |
Gold Price in Kolkata
| Date | Price (₹/10 grams) |
|---|---|
| 04-10-2024 | 77705.0 |
| Previous Day | 77485.0 |
| Last Week | 77425.0 |
Silver Price in Kolkata
| Date | Price (₹/Kg) |
|---|---|
| 04-10-2024 | 98800.0 |
| Previous Day | 98800.0 |
| Last Week | 98900.0 |
The gold December 2024 MCX futures were trading at Rs.76169.0 per 10 gm, indicating a slight decrease, while silver November 2024 MCX futures were at Rs.7683.0 per kg, showing an increase.
Global events and various factors such as global demand, currency values, interest rates, and government regulations significantly influence the fluctuations in gold and silver prices in the Indian market.
FAQ:
1. What factors influence the changes in Gold and Silver prices?
Gold and Silver prices are impacted by factors such as global demand, currency fluctuations, interest rates, government regulations, and global economic conditions.
2. How are MCX futures used to track Gold and Silver prices?
MCX futures provide an indication of the expected future prices of Gold and Silver, enabling investors to hedge against price fluctuations.
3. How often are Gold and Silver prices updated in major Indian cities?
Gold and Silver prices are typically updated daily to reflect the current market conditions in cities like Delhi, Chennai, Mumbai, and Kolkata.
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