The price of gold experienced a slight dip today, with 24-carat gold priced at ₹7805.3 per gram, down by ₹10. In parallel, 22-carat gold is now valued at ₹7156.3 per gram, also reflecting a ₹10 decrease. Over the past week, the rate for 24-carat gold has dropped by 1.35%, while the month-on-month decrease stands at 4.06%.
Silver prices also saw a reduction, with the current rate standing at ₹95500.0 per kilogram, a decrease of ₹100.
Gold Prices in Key Cities
In Delhi, the price of 24-carat gold today is ₹78053.0 per 10 grams, down from ₹79033.0 on December 15, 2024. A week ago, on December 10, 2024, it was ₹77963.0 per 10 grams.
Silver in Delhi is currently priced at ₹95500.0 per kilogram, showing a decrease from ₹96500.0 per kilogram yesterday and ₹95000.0 per kilogram last week.
In Chennai, the gold rate has fallen to ₹77901.0 per 10 grams, compared to ₹78881.0 yesterday and ₹77811.0 last week. The silver rate is ₹102600.0 per kilogram, down from ₹103600.0 yesterday but unchanged from ₹102600.0 last week.
In Mumbai, 24-carat gold is priced at ₹77907.0 per 10 grams today, down from ₹78887.0 yesterday and ₹77817.0 last week. The silver rate stands at ₹94800.0 per kilogram, lower than ₹95800.0 yesterday and ₹94300.0 last week.
In Kolkata, gold today is priced at ₹77905.0 per 10 grams, down from ₹78885.0 yesterday and ₹77815.0 last week. The silver rate is ₹96300.0 per kilogram, reflecting a decrease from ₹97300.0 yesterday and ₹95800.0 last week.
Futures Market
As of the latest data, gold futures for February 2025 on the MCX are trading at ₹77004.0 per 10 grams, showing a minor decrease of ₹0.171. Silver futures for May 2025 are priced at ₹92517.0 per kilogram, down by ₹0.287.
Factors Influencing Prices
The fluctuation in gold and silver prices can be attributed to a variety of factors, including input from major jewelers, global demand, currency fluctuations, interest rates, and governmental policies. Additionally, international economic conditions, the strength of the US dollar, and geopolitical factors play a significant role in shaping the prices of these precious metals in the Indian market.
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