Gold and silver prices in India remained stable today, December 24, 2024, with minimal changes recorded in the rates of both metals.
The price of 24-carat gold is holding steady at ₹7,761.3 per gram, while 22-carat gold is priced at ₹7,116.3 per gram, with no fluctuation compared to previous days.
Weekly and Monthly Price Trends
Over the past week, the price of 24-carat gold has seen a marginal change of 0.72%. When viewed over the last month, the price has increased by 2.81%, reflecting a gradual upward trend.
On the silver front, the price has slightly decreased. Today, silver is priced at ₹94,400 per kilogram, showing a drop of ₹100 compared to yesterday.
Gold and Silver Prices Across South Indian Cities
Here’s a look at the latest gold and silver prices in some major South Indian cities:
Gold Rates (per 10 grams)
Chennai: ₹77,461 (down from ₹77,471 yesterday)
Bangalore: ₹77,455 (down from ₹77,465 yesterday)
Hyderabad: ₹77,469 (down from ₹77,479 yesterday)
Visakhapatnam: ₹77,477 (down from ₹77,487 yesterday)
Vijayawada: ₹77,475 (down from ₹77,485 yesterday)
Silver Prices (per kilogram)
Chennai: ₹1,01,500 (down from ₹1,01,700 yesterday)
Bangalore: ₹93,400 (down from ₹93,600 yesterday)
Hyderabad: ₹1,02,100 (down from ₹1,02,300 yesterday)
Visakhapatnam: ₹1,00,500 (down from ₹1,00,700 yesterday)
Vijayawada: ₹1,02,900 (down from ₹1,03,100 yesterday)
Factors Influencing Gold and Silver Prices
Gold and silver prices are influenced by a range of domestic and international factors, including:
Global Demand: Fluctuations in global demand for gold and silver play a key role in determining their prices.
Currency Movements: The strength of currencies, particularly the US dollar, affects the appeal of precious metals as investment assets.
Interest Rates: When interest rates rise, the opportunity cost of holding gold and silver increases, making them less attractive compared to interest-bearing investments.
Government Regulations: Policies that govern the trade of gold and silver can influence market prices.
Geopolitical Events: Economic crises, political instability, or major global events can create volatility in precious metal prices.
Industry experts, including jewelers, closely monitor these trends and provide valuable insights on potential future price movements.
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