Key Takeaways:
- Gold prices saw a slight decline on Tuesday, with 24 carat gold at Rs.7761.3 per gram and 22 carat gold at Rs.7116.3 per gram.
- Over the past week, 24 carat gold prices have decreased by 0.99%, and over the last month, they have dropped by 5.63%.
- Silver is priced at Rs.100000.0 per kilogram currently.
- Price comparisons for gold and silver are provided for Delhi, Chennai, Mumbai, and Kolkata.
- Gold February 2025 MCX futures were trading at Rs.76395.0 per 10 grams, while silver November 2024 MCX futures were at Rs.2140.0 per kilogram.
- Various factors influence gold and silver prices, including global demand, currency fluctuations, interest rates, and government regulations.
Gold and Silver Prices Today
On Tuesday, gold prices experienced a slight decline. The price of 24 carat gold stands at Rs.7761.3 per gram, representing a decrease of Rs.220.0. The price of 22 carat gold is Rs.7116.3 per gram, down by Rs.200.0.
The price change for 24 carat gold over the past week has been -0.99%, while in the last month it has decreased by 5.63%. The current price of silver is Rs.100000.0 per kilogram.
Gold Price in Different Cities
| City | Gold Price Today (per 10 grams) | Previous Day | Last Week |
|---|---|---|---|
| Delhi | Rs.77613.0 | Rs.77843.0 | Rs.77073.0 |
| Chennai | Rs.77461.0 | Rs.77691.0 | Rs.76921.0 |
| Mumbai | Rs.77467.0 | Rs.77697.0 | Rs.76927.0 |
| Kolkata | Rs.77465.0 | Rs.77695.0 | Rs.76925.0 |
Silver Price in Different Cities
| City | Silver Price Today (per kilogram) | Previous Day | Last Week |
|---|---|---|---|
| Delhi | Rs.100000.0 | Rs.100100.0 | Rs.98000.0 |
| Chennai | Rs.105600.0 | Rs.105700.0 | Rs.103600.0 |
| Mumbai | Rs.99200.0 | Rs.99400.0 | Rs.97300.0 |
| Kolkata | Rs.100800.0 | Rs.100900.0 | Rs.98800.0 |
As of the time of publishing, the gold February 2025 MCX futures were trading at Rs.76395.0 per 10 grams, reflecting a decrease of 0.218%. In contrast, the silver November 2024 MCX futures were trading at Rs.2140.0 per kilogram, showing an increase of 20.699%.
Fluctuations in gold and silver prices are influenced by various factors, including insights from reputable jewelers. Key elements such as global demand for gold, fluctuations in currency values, current interest rates, and government regulations pertaining to the gold trade all contribute to these changes. Additionally, international events, the global economic landscape, and the strength of the US dollar relative to other currencies also impact gold prices in the Indian market.
Frequently Asked Questions:
1. What factors influence gold and silver prices?
Various factors influence gold and silver prices, including global demand, currency fluctuations, interest rates, and government regulations.
2. How are gold prices in different cities calculated?
Gold prices in different cities are calculated based on factors such as international market trends, local demand, taxes, and transportation costs.
3. Why do futures prices differ from current prices?
Futures prices reflect market expectations for future gold and silver prices based on factors like supply, demand, and geopolitical events, which may differ from current spot prices.
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