Gold and silver prices experienced notable fluctuations today, with gold rates rising slightly while silver remained relatively stable.
Gold Prices on the Rise
The price of 24-carat gold has increased today to ₹77,693 per 10 grams in Delhi, marking a ₹290 rise from the previous day. Similarly, the price of 22-carat gold rose to ₹7,123.3 per gram, up by ₹270.
Over the past week, the price of 24-carat gold has declined by 0.74%, while in the last month, it has seen a more substantial increase of 2.44%. Despite the overall increase in gold prices today, the rate has seen a slight decline from the ₹78,713 per 10 grams recorded yesterday.
Silver Prices Hold Steady
The price of silver in Delhi today stands at ₹92,500 per kilogram, showing no change compared to yesterday’s rate of ₹94,500 per kilogram. Over the past week, silver prices have dropped from ₹95,000 per kilogram.
Gold and Silver Prices in Other Cities
Chennai: Gold is priced at ₹77,541 per 10 grams today, down from ₹78,561 yesterday. Silver in Chennai is currently priced at ₹100,600 per kilogram, a decrease from ₹103,100 yesterday.
Mumbai: Gold is trading at ₹77,547 per 10 grams, a drop from ₹78,567 on 27th November. Silver in Mumbai is priced at ₹91,800 per kilogram, down from ₹93,800 yesterday.
Kolkata: Gold is priced at ₹77,545 per 10 grams, slightly down from ₹78,565 yesterday. Silver in Kolkata is ₹93,300 per kilogram, showing a decline from ₹95,300 yesterday.
Futures Market Activity
Gold futures for April 2025 were trading at ₹76,820 per 10 grams, showing a slight decline of ₹0.335. Meanwhile, silver futures for May 2025 were priced at ₹90,699 per kilogram, down by ₹0.899.
Factors Influencing Price Movements
The prices of gold and silver are influenced by a range of factors, including global demand, currency fluctuations, interest rates, and government policies. International factors such as the global economic outlook and the strength of the US dollar against other currencies also play a significant role in shaping the gold market in India.As always, investors and buyers are advised to keep a close watch on these factors, as they can lead to sudden changes in precious metal prices.
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