Key Takeaways:
- Gold prices saw a modest increase, with 24 carat gold priced at Rs.7807.3 per gram and 22 carat gold at Rs.7158.3 per gram.
- The price of silver currently stands at Rs.100000.0 per kilogram.
- Gold and silver prices in major cities like Delhi, Chennai, Mumbai, and Kolkata have also seen fluctuations over the past week.
- Gold futures for November 2024 on the MCX were trading lower, while silver futures were trading higher.
Gold and Silver Prices:
| City | Gold Price for 10 grams | Silver Price per kilogram |
|---|---|---|
| Delhi | ₹78073.0 | ₹100000.0 |
| Chennai | ₹77921.0 | ₹105600.0 |
| Mumbai | ₹77927.0 | ₹99500.0 |
| Kolkata | ₹77925.0 | ₹100800.0 |
Gold prices in major Indian cities have shown slight increases compared to previous weeks, with fluctuations in both gold and silver rates due to various factors in the market.
Gold and Silver Futures:
- Gold futures for November 2024 on the MCX were trading at Rs.1041.0 per 10 grams, down by 1.839%.
- Silver futures for November 2024 were trading at Rs.1936.5 per kilogram, up by 5.503%.
Factors Influencing Prices:
The prices of gold and silver are impacted by global demand, currency fluctuations, interest rates, and government regulations. The overall economic conditions and the value of the US dollar also play significant roles in determining gold prices in the Indian market.
FAQs:
- What are the current gold prices in major cities?
- How do global events impact gold prices?
- Are silver prices also affected by similar factors?
In Delhi, gold is priced at ₹78073.0 for 10 grams, in Chennai at ₹77921.0, in Mumbai at ₹77927.0, and in Kolkata at ₹77925.0 for 10 grams.
Global events, economic conditions, and currency values influence gold prices in the Indian market, leading to fluctuations in rates.
Yes, silver prices are influenced by factors like demand, currency values, and economic conditions similar to gold prices.
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